Business

Bulgaria-Romania Trade Doubles

Trade between Bulgarian and its neighbor on the north has increased by almost 66% over January-April 2004, as compared to the same period last year. That increase was due to boosted exports from Bulgaria, a Bulgarian envoy to Bucharest said.

Business | June 28, 2004, Monday // 00:00 | Viewed: 829

NGO Pushes for Tourism Ministry

Bulgaria must have a separate tourism ministry, which shall push the sector's development further on and make it a priority of national economy. The idea has been launched by the NGO Bulgarian Citizens for Bulgaria upon the establishment of a regional To

Business | June 27, 2004, Sunday // 00:00 | Viewed: 1105

Bulgarian New Gas Potential Revealed

UK's Melrose Resource Plc is set to launch into investigation of a gas find off Bulgarian Black Sea coast, which could eclipse all previous fields in the area. The Edinburgh-based energy company, engaged in drilling and exploration of the Galata field, w

Business | June 27, 2004, Sunday // 00:00 | Viewed: 905

Bulgarian Real Estate Market - Emotional Rather than Rational

A Sofia real estate expert said he expected yearly growth of no more than 8-10 % in the country's real estate prices until 2007. According to Deyan Kavrakov, CEO of ADIS real estate agency, prices in Sofia would not equalize to those in Budapest.

Business | June 27, 2004, Sunday // 00:00 | Viewed: 1316

Irish Investors Face Major Bulgarian Losses

More than 400 Irish businessmen are facing crucial losses of up to EUR 12 M after the assets of a Dutch developer behind a five-star resort in Bulgaria were frozen.

Business | June 27, 2004, Sunday // 00:00 | Viewed: 2378

Bulgarian Business "Feels Satisfied"

Most of Bulgarian business is satisfied with the economic climate existing in the country, according to a recent sociological survey. A total of 73 percent of respondents, approached by AFIS sociological agency, declared that they face some difficulties,

Business | June 26, 2004, Saturday // 00:00 | Viewed: 706

Bulgarian History Seduces Tourists

Bulgaria, one of the richest European countries in historical vestiges, seeks to make tourists discover its inheritance. But it butts against a lack of funds and poor infrastructures.

Business | June 26, 2004, Saturday // 00:00 | Viewed: 989

Bulgarians on New Autos Wave

Bulgarian auto market has marked a steady up-rise in car sales over the last year, with a growth of 43.3 percent for the first five months of 2004 compared to same period 2003.

Business | June 26, 2004, Saturday // 00:00 | Viewed: 851

Bulgarian Mortgage Interest Rates Up

Interests on mortgages in Bulgaria have gone up this month, according to a report of the Central Bank. In May, the average figure for private persons was 14.

Business | June 25, 2004, Friday // 00:00 | Viewed: 909

IMF Hails Bulgaria's Bradies Buyback

The International Monetary Fund approved the government's plans to buy back USD 679.3 M of Bulgarian Brady Bonds on July 28.

Business | June 25, 2004, Friday // 00:00 | Viewed: 981

WB Cash for Sisecam Project in Bulgaria

The International Finance Corporation will fund 50% of the investments of Turkey's Sisecam in building a production line for glass in the Bulgarian town of Targovishte, 318 km northeast of Sofia. The International Finance Corporation, part of World Bank

Business | June 25, 2004, Friday // 00:00 | Viewed: 1260

Bulgaria Announces Brady Bonds Buyback

The Bulgarian government will officially announce today it would buy back USD 679.3 M of Bulgarian Brady Bonds on July 28.

Business | June 25, 2004, Friday // 00:00 | Viewed: 892

Hungarian Charters Link Budapest and Varna

Hungarian company Robinson Tours launches Friday its first charter flight directly from capital Budapest to Varna. The charters are scheduled to take place every Saturday till September, with an expectation of 80 percent fill-in.

Business | June 24, 2004, Thursday // 00:00 | Viewed: 846

Sofia Rental Prices on the Rise Trend

Capital Sofia is likely to see a hike in rent prices rising up with about 10-20 percent this year. Apartment sale prices marked a hectic upward trend throughout 2003 coming up to a relative standstill at EUR 536 per sq m over the first quarter of 2004.

Business | June 24, 2004, Thursday // 00:00 | Viewed: 736

Bulgarian Foreign Debt Buyback in the Offing

Bulgarian government has decided to approach investors with an offer of buying back part of their foreign debt shares and discount Brady bonds, with a par value of USD 679.3 M.

Business | June 24, 2004, Thursday // 00:00 | Viewed: 771

S&P Assigns Investment Grade to Bulgaria

Standard & Poor's Ratings Services assigned an investment grade to Bulgaria, the tenth sovereign currently rated by the agency that has made the transition from speculative grade. Standard & Poor's Ratings Services raised its foreign currency sovereign c

Business | June 24, 2004, Thursday // 00:00 | Viewed: 989

UK Ealing Set to Bid for Bulgaria's Film Center

British Ealing Studios, one of the oldest film companies in the world, declared its interest in the sale of Bulgaria's movie production center Boyana Film Studios. The work that has been done at Boyana Studios over the last several years is fantastic bot

Business | June 24, 2004, Thursday // 00:00 | Viewed: 892

Bulgaria's Railways Plan BGN 5 M Economy

The closure of 97 railway routes will lead to BGN 5 M economy for Bulgaria's railways. Bulgaria is planning to close these railway routes because of crushing losses.

Business | June 24, 2004, Thursday // 00:00 | Viewed: 818

Business Groans under Permits Burden

More than half of Bulgarian companies see the regime of permits and registration as major obstacle in their business activities. According to a sociological research, 60 percent disagree with the usefulness of permits issuance, while 43.

Business | June 23, 2004, Wednesday // 00:00 | Viewed: 674

Mtel Attacks Bulgarian 3rd GSM License

Bulgaria's first mobile operator Mtel challenged the third GSM license over its non-tendered issue to telecom carrier BTC and price of BGN 54 M. According to the company the decision for the issue violates European practices and legislature.

Business | June 23, 2004, Wednesday // 00:00 | Viewed: 764

Czechs Go for Power Expansion in Bulgaria

Czech CEZ, one of the bidders in the privatization of Bulgaria's electricity distribution companies, declared interest in the sale of three local thermal power plants as part of the company expansion in Central and Eastern Europe.

Business | June 23, 2004, Wednesday // 00:00 | Viewed: 861
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