US-registered energy company AES has negotiated with the Bulgarian government a lower purchase price for the electricity produced at Bulgaria's thermal plant Maritsa Iztok-1, which the company manages.
The import has largely exceeded the export of Bulgaria over the first ten months of this year, recording a negative balance of BGN 4 B for the statistical period January-October. The national export has reached BGN 12.
Japanese corporation Mitsui will take part in the privatisation of Bulgaria's Varna, Bobov Dol and Rousse thermo-electric power plants. The interest of the Japanese corporation was confirmed at a meeting of Bulgaria's Economy Minister Lidia Shuleva and T
The National Electricity Transmission Company (NETC) has preferred the consortium Deloitte Central Europe Limited/Norton Rose to award the tender of financial consultant to the Belene nuclear plant. According to the press release of the NETC, the winner
Bulgaria is likely to boost its furniture exports to the US, UK and Spain next year, experts were cited as saying. According to press reports, the sector has seen boosted profits, as well as an increased number of people employed in the business.
Pamporovo, one of Bulgaria's preferred winter resorts, officially opens its winter season on Sunday. The resort will offer its guests renovated ski runs and lifts, as well as facilities suitable for almost all kinds of skiing and snowboarding.
Profits of car and motorcycle sales in Bulgaria have jumped up by almost 23% over January-October 2004, as compared to the same period last year. According to official data, gasoline and lubricant profits have also increased, by some 13 %.
Sidenor, a part of the Greek group of companies Viohalco, is planning to boost its investments in Bulgaria by EUR 30 M. The extra money will be used for expanding a plant of the Stomana Industry in the town of Pernik, Investor.
The tobacco factories that have attracted no interest in the recent bidding tender need some BGN 56 M to recover from their near-bankruptcy state, but such convalescence would not be advisable, according to Economy Minister Lidia Shuleva. These manufactu
The international investment ratings agency Standard & Poor's has assigned their BB credit rating to Plovdiv, the second largest city in Bulgaria. Plovdiv's outlook is stable.
Bulgaria will put up for sale a 35% state-owned stake in the national telecom BTC in exchange of compensatory bills at the Sofia Stock Exchange at the end of January or the first half of February 2005, it was announced on Friday. The government is to ret
The Supreme Administrative Prosecution has retracted its protest against the ruling of the state telecommunications watchdog there has been no state support in the awarding of the country's third mobile license to Bulgarian Telecommunications Company (BTC
Hungary's OTP Bank, owner of the largest retail bank in Bulgaria, came out as a winner in the tender for 95.59% of Croatia's Nova Banka with a price offer of EUR 236 M.
The Netherlands is to grant to Bulgaria a gratuitous aid of EUR 2 M, the Bulgarian Council of Ministries announced Thursday. The aid is allotted in connection with Bulgaria's upcoming membership in the Netherlands Group of the International Monetary Fund
Bulgaria's business elite, domestic and foreign investors gathered at a press conference Thursday to mark together with UN and NGO representatives the International Anti-Corruption Day. It is celebrated worldwide on December 9.
Analysts have responded positively about LUKoil's intention to gain control over Bulgaria's Petrol AD, which is engaged in retail sales of oil in the Balkan country. Russia-owned Lukoil's Bulgarian branch has announced its plans to acquire a 18.
Bulgaria's State Receivables Collection Agency invited a new tender for nine planes of bankrupt agricultural air carrier "Air Dobrudzha" after no buyer turned up at the previous auction.
Sofia Airport served its 1.5 millionth passenger since the beginning of the year at a ceremony, attended by Bulgarian transport minister Nikolay Vassilev and Germany's Ambassador to Bulgaria Harald Kindermann.
Bulgaria Air marks its second birthday flying directly to 19 destinations and covering 20% of the country's market share. The company managers forecast January-December 2004 revenues to reach BGN 141,527,000, whereas last year's revenues stood at BGN 76,
Cisco Systems, world's leader in Internet network solutions, marked twenty years since the establishment of the company and the creation of the first router, as well as five years on the Bulgarian market. Over the last year Cisco organized the first ever
The Employers Association of Bulgaria (EABG) appealed for abolishment of corporate tax arguing that a zero-ground profit tax would give a strong impetus to the economy and serve as premise for higher living standard. The employers insisted that a zero pr
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
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