Business

Trakiya Highway Concession Deal to be Audited

Bulgaria's Council of Ministers decided that a financial audit should be launched into the concession deal of the Trakiya highway. Regional Development Minister Assen Gagauzov will have to present the entire documentation on the deal to Finance Minister

Business | November 10, 2005, Thursday // 00:00 | Viewed: 630

Greek Strike Blocks Int'l Flights, Bulgarian Included

A strike in Greece has blocked Athens International Airport and about 600 flights from all destinations, including Bulgaria were cancelled. Organized by the Union of Greek Civil Servants (ADEDY), the day-long strike also closed public schools, hospitals,

Business | November 10, 2005, Thursday // 00:00 | Viewed: 1059

Bulgaria Tapped for Golf Tourism Hotspot

Bulgaria has the potential to turn into a major golf tourism destination, where seasonal peculiarities give golf players from seven to nine months to enjoy their favourite game, according to a Spanish expert.

Business | November 10, 2005, Thursday // 00:00 | Viewed: 1354

EBRD: Poor Infrastructure Stifles Balkan Tourism

The European Bank for Reconstruction and Development (EBRD) identifies excessive development and lack of infrastructure at the national and municipal level as the major weaknesses for the successful development of tourism in Bulgaria. According to Ilaria

Business | November 9, 2005, Wednesday // 00:00 | Viewed: 1521

Bulgaria, Turkey Discontinue Electricity Agreement

Bulgaria and Turkey have decided to find an acceptable way out of the intergovernmental power-for-infrastructure agreement that the two signed in 1998, because it is turning into a hindrance for the economical development of the two countries.

Business | November 9, 2005, Wednesday // 00:00 | Viewed: 1021

TUI Enters Southern Bulgarian Coastline with Aparthotel

German travel agency TUI AG is building an aparthotel in the beautiful resort village of Tsarevo on the Southern Black Sea coast, to be opened in June 2006. The project includes 158 apartments and 62 studies.

Business | November 9, 2005, Wednesday // 00:00 | Viewed: 1161

Bulgaria Names Brand Manager of 2005

The third issue of the Brand Manager 2005 competition was held Tuesday in Sofia's Kempinski-Zografski Hotel. A jury of 120 marketing experts proclaimed Maya Gerasimova Brand Manager of the year in the event organized by the Bulgarian Marketing Associatio

Business | November 8, 2005, Tuesday // 00:00 | Viewed: 1170

Parliament Okays Reforms in Corporate Tax Law at 1st Reading

Bulgaria's Parliament passed on first reading the amendments to the Corporate Tax. Under the new reforms the social expenses tax will be decreased by 5% to 12% and the tax on expenses for voluntary social and pension funds was also decreased by 5%.

Business | November 8, 2005, Tuesday // 00:00 | Viewed: 744

Bulgaria's Vivatel Spent EUR 8 M on Promotion

Bulgaria's newly started third GSM operator Vivatel have paid eight million euros on advertising so far, they announced Tuesday. The campaign had to convince customers that Vivatel has the best combination of quality and prices, CEO Richard Shearer says.

Business | November 8, 2005, Tuesday // 00:00 | Viewed: 1168

Losses of CEZ-Owned Power Pool in Bulgaria Down by 10%

The three CEZ-owned power distributors in Bulgaria have reduced electrical energy losses by about 10 % for the first nine months of 2005, the Czech state-run utility company announced. CEZ acquired 67% in three Bulgarian power distributors for EUR 281.

Business | November 8, 2005, Tuesday // 00:00 | Viewed: 1028

Bulgarian Realtor to Speak at Vienna Congress

Deyan Kavrakov, FRICS, CRE, CLHMS, CIPS, CEO of ADIS Ltd, one of the leading full service real estate companies in Bulgaria will be the key note speaker at a real estate congress in Vienna.

Business | November 8, 2005, Tuesday // 00:00 | Viewed: 1491

Maltese Property Company Steps in Sofia

A full-service real estate company based in Malta is starting a business in Sofia, they announced. Dhalia Real Estate Service is opening two offices in Sofia, and will start operating in the beginning of 2006.

Business | November 8, 2005, Tuesday // 00:00 | Viewed: 1167

Bulgaria's Hospitality Badly Paid - Statistics

Bulgaria's hotel and restaurant business has the lowest average salaries, according to official data. Employees in the sector receive an average of only 107 euros per month, the National Statistical Institute says.

Business | November 7, 2005, Monday // 00:00 | Viewed: 1002

Minister Orders Financial Check of 4 Energy Corporations

Bulgaria's Energy and Economy Minister Rumen Ovcharov ordered a financial check into the work of four major energy corporations in the country. A probe will be launched into the work of Varna, Bobovdol thermal plants, of the Russe heating utility and the

Business | November 7, 2005, Monday // 00:00 | Viewed: 971

Lucky BAIT Expo Guest Wins Turbo-X

A visitor to Bulgaria's major computers and communications expo has won a Turbo-X, a mighty laptop with the whooping processor of 3.6 GHz.

Business | November 7, 2005, Monday // 00:00 | Viewed: 1428

Moscow Eyes Bulgarian Ski Holidays

Bulgaria's holiday potential for the winter has attracted much attention during a specialized expo in Moscow. Russian airliners that took part have said that their catalogues for Bulgaria were quickly snatched up by visitors.

Business | November 6, 2005, Sunday // 00:00 | Viewed: 1677

Melrose Gas Driller Quits Bulgarian Coastal Well

UK-located gas drilling company Melrose Resources abandoned its latest Bulgarian exploration well on the Samotino-1 prospect on the Black Sea coast.

Business | November 6, 2005, Sunday // 00:00 | Viewed: 857

Bulgarian Education Lacks Practicality - Survey

Much of Bulgaria's highschool education cannot be put into practical use, according to a recent survey. That refers in particular to economics classes, the Vitosha Research study has shown, as cited by media.

Business | November 6, 2005, Sunday // 00:00 | Viewed: 1076

Thousands Chose Bulgaria's Vivatel Operator

About 10,000 Bulgarians have already subscribed to the Vivatel mobile operator, which activated its network Saturday. The company pledged to shake up the Bulgarian mobile sector, although not introducing any dramatic price cuts.

Business | November 6, 2005, Sunday // 00:00 | Viewed: 1554

Slope off to Bulgaria - The Observer

Bulgaria's Bansko has shown its determination to take east European skiing to a whole new level, with skiing and accommodation to compete with the Alps on quality rather than cost. UK's The Observer read on Sunday that at the Olympia Ski Show in London a

Business | November 6, 2005, Sunday // 00:00 | Viewed: 1344

Vivatel Kicks In with Nationwide Coverage

Bulgaria's third mobile operator launches its network on Saturday, activating a nationwide coverage. Vivatel is taking advantage of the network of its "mother company," former state monopoly BTC.

Business | November 5, 2005, Saturday // 00:00 | Viewed: 796
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