Specialist bank Dexia Kommunalkredit inked the deal to extend a EUR 10 M credit line to Bulgaria's last state-owned lender, Encouragement Bank, the two institutions said in a joint statement on Wednesday. The money will be used to finance investment proj
Italy's energy conglomerate Enel said on Wednesday it submitted a letter of interest for the 49% stake in the company that will build and operate Bulgaria's second nuclear power plant at Belene. The Italian group is one of the biggest investors in Bulgar
Bulgarian prosecutors will investigate alleged irregularities in the environmental feasibility study for the Belene nuclear power plant, following a complaint lodged by local authorities. The municipal council in the town of Svishtov asked in April Bulga
Bulgaria's Supreme Administrative Court (SAC) rescinded on Tuesday the fine imposed by the competition watchdog CPC on alternative telecom Orbitel following a complaint by dominant fixed-line operator BTC. Orbitel raised the profile of comparative advert
Los Angeles-based Tishman International Companies broke ground at the site of the Sofia Airport Center, the group's EUR 250 M investment in the Bulgarian capital. "We are proud to lay the foundation of the leading international logistics and office cente
Bulgaria's National Electricity Company (NEC) has incurred a BGN 45 M debt to the Kozloduy N-Plant, its CEO said on Tuesday. NEC accumulated their debt for the past month and a half, Kozloduy CEO Ivan Genov explained.
The US consumer products company Bunge Ltd. said Tuesday it would close down its oil plant in Bulgaria's town of Dobrich, moving the production of the Kaliakra brand to Romania.
Three Bulgarian companies were included in the best employer rankings for Central and Eastern Europe, compiled by human resources consultants Hewitt Associates. The software giant Nemetschek, the leading IT outsourcing company Sciant and McDonalds are th
The US consumer products company Bunge Ltd. said Monday it would close down its oil plant in Bulgaria's town of Dobrich, moving the production of the Kaliakra brand to Ukraine or Hungary.
Bargain flights, cut-price hotels and cheap drink are giving British teenagers licence to save their money and lose their inhibitions in Bulgaria, the British tabloid The People claims.
A total of 28 new companies have joined the Bulgarian Business Leaders Forum (BBLF) in 2006, the BBLF press office informed on Friday.
The town of Shumen, in northeastern Bulgaria, wrapped up on Friday the second edition of an annual event in which it sought to showcase opportunities for investment in the region. "This forum is a great opportunity to display the opportunities for invest
Dear readers, June 1, 2007, marked the sixth anniversary since Novinite.
EMI became on Friday the last of the four major music labels to sign a deal with Google for the use of its copyrighted material on YouTube. EMI's partnership with YouTube will allow users of the video-sharing website to use content from EMI's artists in
US investment fund Gramercy Emerging Market Fund (GEMF) will extend Bulgarian motor oils producers Prista Oil a credit line for EUR 60 M to fund the company's expansion. The loan can be used for acquisitions, capital expenditures and working capital, acc
The extension of Sofia's sole underground line to the residential district of Mladost is progressing according to schedule, the city's deputy mayor in charge of transport Velizar Stoilov said on Friday. Japan's Taisei Corporation, which won the tender to
Bulgaria's Parliament ratified on Thursday the plans to build an oil pipeline linking its Black Sea port of Burgas with Vlora on Albania's Adriatic Sea coast, only a day after ratifying the deal to build the oil pipeline between Burgas and Alexandroupolis
The expansion of the bridge near the town of Byala, which claimed the lives of eighteen people at the end of last year, will be ready by November 30.
Bulgaria's Albena, the company that manages the Black Sea resort with the same name, is in talks to sell its White Lagoon hotel in Balchik, the company said in a statement to the Bulgarian Stock Exchange, where it is listed. The hotel's listing in March
Booming domestic demand is leading to overheating of the Bulgarian economy, but GDP growth is likely to remain close to last year's figure of 6,1%, the World Bank said. Economic growth in Bulgaria in the last three years declined slightly from 6,5% in 20
Known to be an avid reader, Bulgaria's Prime Minister Sergey Stanishev appeared more than pleased to inaugurate on Wednesday the traditional spring book fair, the largest in the country.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
