Business

Sofia Office Market Vacancy Hit All-Time Low H2 2004

In the second half of 2004 Sofia office market saw an all-time-low in overall class A vacancy rate, sliding to 12%, shows the semi-annual report of Colliers International. Experts say three key factors contributed to this development, including growing d

Business | March 2, 2005, Wednesday // 00:00 | Viewed: 900

BMW Super-Machine Presented in Sofia

An automobile of BMW's new 3 Series was shown in Bulgaria for the first time on Wednesday, taking breaths away from speed maniacs in the capital city. The impressive engine and chassis improvements were presented to the public by Kamor Auto, the general

Business | March 2, 2005, Wednesday // 00:00 | Viewed: 1713

Bulgaria Moves for Upsurge in Agriculture Exports

Bulgaria has decided to double state subsidies for exports of agricultural produce.

Business | March 2, 2005, Wednesday // 00:00 | Viewed: 854

IFALPA Troubled by Bulgaria Air Management

The International Federation of Air Line Pilots' Associations (IFALPA), which represents in excess of 100,000 flight crew in more than 95 countries world-wide, expressed its great concern regarding the recent actions threatened by the management of Bulgar

Business | March 1, 2005, Tuesday // 00:00 | Viewed: 873

Fresh Agro Minister Doubts Tobacco Giant Sale Finalization

Bulgaria's Agriculture Minister Nihat Kabil expressed his concerns that deal for the privatisation of the country's tobacco giant Bulgartabac would not be finalized by the end of this Cabinet's tenure. It will be very hard to sell Bulgartabac, but at lea

Business | March 1, 2005, Tuesday // 00:00 | Viewed: 1102

Survey: Sofia among Globe's Cheapest Cities

In terms of cost of living Sofia stands at 64th place among 71 cities around the globe, according to the latest update to the Prices and Earnings survey by Swiss bank UBS. Bulgaria's capital has occupied a place next to Riga and before Kuala Lumpur, far

Business | March 1, 2005, Tuesday // 00:00 | Viewed: 1348

Bulgaria's HVB Biochim, Hebros Bank Merge

Bank Austria Creditanstalt (BA-CA) has acquired a 89.92% stake and HVB Biochim Bank - a 9.

Business | March 1, 2005, Tuesday // 00:00 | Viewed: 1695

Bulgarian Notaries Urge for Personal Data Access

Bulgarian notaries called for access to the country's personal data bases and for legal amendments to narrow the margin of market and tax-estimate prices of real estates. They conferred in Sofia on the measures to be taken to reduce the spate of frauds i

Business | March 1, 2005, Tuesday // 00:00 | Viewed: 817

Bulgaria Air Pilots Deny Strike, Stick to Work

The pilots of Bulgaria Air flag carrier will stick to their job duties dropping the option of strike, they announced in a press release. It was circulated Tuesday in response to earlier statements of the company management that the wage-bound protests of

Business | March 1, 2005, Tuesday // 00:00 | Viewed: 959

Sofia Business Classes to Teach Hi-Tech, Management

Bulgaria's business master classes are entering their most interesting stage this spring, organizers announced Tuesday. The 50 participating students will learn the latest of hi-tech, marketing and management practices from the leaders in those businesse

Business | March 1, 2005, Tuesday // 00:00 | Viewed: 900

Moscow Hosts Investing-in-Bulgaria Forum

A forum on investment opportunities in Bulgaria opens in Moscow on Tuesday.

Business | March 1, 2005, Tuesday // 00:00 | Viewed: 802

Eight Suitors Purchase UMTS Bidding Paperwork

Eight telecommunication companies have bought bidding paperwork for the two public tenders launched for three licenses of UMTS systems of third generation (3G), prior to the deadline on February 28. All three mobile operators of Bulgaria - MobilTel, Glob

Business | February 28, 2005, Monday // 00:00 | Viewed: 788

Gold Driller Top Certified for Bulgarian Investments

Canadian gold driller and miner Dundee Precious Metals Inc. received Monday first-class investment certificate from Bulgarian government.

Business | February 28, 2005, Monday // 00:00 | Viewed: 702

EU Security Bosses Confer in Sofia

Sofia brought together the heads of security enterprises from across Europe, to take part in a special conference on Monday.

Business | February 28, 2005, Monday // 00:00 | Viewed: 1474

Regular Air Flights Span Varna, Vienna

As of March 28 the Austrian Airlines are kicking off regular flights between Austria's Vienna and Bulgaria's coastal capital Varna. The Austrian Airlines schedule flights four times weekly, including Monday, Wednesday, Thursday and Sunday, the company's

Business | February 28, 2005, Monday // 00:00 | Viewed: 1002

Varna Relax Opportunities at Discount for Holidays

Hotels on the Varna coast have pinned up preferential tourist packages for holidaymaker wannabes this weekend, which will be extended with two days because of the national holiday March 3. Varna's Grand Hotel and five-star Riviera Beach offer two and thr

Business | February 28, 2005, Monday // 00:00 | Viewed: 775

No "Bubble" on Bulgaria's Real Estate Market - Expert

There may be inadequate prices in some categories of residential areas in Bulgaria, but no speculative bubble to talk about, according to the head of Bulgaria's leading full service real estate company ADIS Ltd. The increase in prices is expected to slow

Business | February 27, 2005, Sunday // 00:00 | Viewed: 1434

Bulgaria Air Pilots Urge for 67% Salary Boost

After long negotiations with the management of Bulgaria's national flag carrier "Bulgaria Air" the pilots working at the company declined to receive a 12% increase of their salaries and maintained their demands for a 67% boost. Bulgaria Air executive dir

Business | February 27, 2005, Sunday // 00:00 | Viewed: 1681

British Tourists Visiting Bulgaria Up by 60% m/m

The number of British tourists that visited Bulgaria in January 2005 has gone up by 60% as compared to January 2004, British Ambassador to Bulgaria Jeremy Hill announced. Ambassador Hill, who was on a visit to the Smolyan region, underlined that the Brit

Business | February 26, 2005, Saturday // 00:00 | Viewed: 1526

Fresh Economy Minister Focuses on Heating Utilities Privatisation

Bulgaria's newly appointed Economy Minister Milko Kovachev pointed out the privatisation of Varna, Bobov Dol and Russe thermal power plants as one of his main priorities. Twelve companies have filed the needed documentation for participation in the priva

Business | February 26, 2005, Saturday // 00:00 | Viewed: 715

Second GSM Operator Gains in Market Share

Bulgaria's second GSM operator Globul announced it obtained 38% market share, 79% increase of yields and 62% more clients in 2004. Cosmo Bulgaria Mobile, which manages the mobile operator in Bulgaria, said the company's revenues from GSM traffic marked a

Business | February 25, 2005, Friday // 00:00 | Viewed: 901
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