Bulgaria Bans Hotels Construction on Beaches
Building of hotels on the beaches will be banned in compliance with a Bill on the Black Sea coast, said Savin Kovachev, Regional Development Deputy Minister.
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Building of hotels on the beaches will be banned in compliance with a Bill on the Black Sea coast, said Savin Kovachev, Regional Development Deputy Minister.
Bulgaria's Communications Regulation Commission (SCRC) is expected to decide today whether to issue a license for a third GSM operator to Viva Ventures. Viva Ventures, recently acquired a 65% stake in Bulgaria's dominant telecom BTC.
In a decade Bulgaria and Poland will be the CEE countries of largest energy exporting potential. A EU report published by Deutsche Welle surveys the energy producing potential and the electricity consumption in the enlarged Union.
Bulgaria's Euro-integration minister called Wednesday for Constitutional amendment to allow foreigners buy Bulgarian land. A decision for adopting the Constitutional amendments needed in light of Bulgaria's EU bid could be taken after the end of the nego
The first ever private optic cable network in Bulgaria is set to operate till the summer start of the Olympic Games. The first sod for the optic cable that will link Sofia with Blagoevgrad and Kulata was turned Monday by Bulgaria's Regional Development M
The European Bank for Reconstruction and Development (EBRD) allotted a total of EUR 50 M for the development of Bulgaria's energy sector effectiveness. The agreement was signed by EBRD officials and representatives of three Bulgarian banks.
The major shareholder at Bulgarian cosmetics company Astera, Krassimir Mitev restored his 50-percent-plus stake upon decision by the Supreme Cassation Court. Mitev was deprived of his 96,000 voting shares by virtue of a general meeting decision in 2000.
Bulgarian companies will construct business offices and hotels in the American city Dallas.
Sofia Municipal Bank sale will be completed at the beginning of 2005, Sofia municipal council chairman Vladimir Kisyov announced.
The first group of summer 2003 tourists in Bulgaria landed Monday on the coastal Varna airport. Their tour operator, Germany's Cur Club, is set to fetch more country fellows to the Black Sea in 2004 than previously.
A delegation of the European Bank for Reconstruction and Development assessed highly Bulgaria's progress during their meeting with President Parvanov. It was pointed out that Bulgaria is an excellent example of the successful work of the EBRD.
Bulgaria has stirred great interest among visitors of the Tourism Expo Berlin 2004, Bulgarian Darik radio reported. Most of the people are interested in the cultural tourism, Ivailo Gyurov, chief executive of Bulgaria's National tourism and advertising a
An old-world style hotel rose in Veliko Tarnovo, Bulgaria's former capital and a town of ancient history. The Tsarevets hotel was actually an old house built in 1891, and its restoration cost more than BGN 600,000.
Bulgaria's customs chief said Saturday that this year's income should reach BGN 3.5 B.
Unit 5 of Bulgaria's only nuclear power plant was switched off grid early on Saturday, in order for repair works to be done. The reactor has to be reloaded, and 25 measures of a special modernization program will be implemented.
Bulgaria ranks among the top seven tourist destinations, according to a survey by the TUI, the biggest European tour operator. The news broke just a day before the Tourism Expo Berlin 2004 kicks off on Saturday.
Bulgaria will see a decrease of the corporate tax in 2005, Finance Minister Milen Velchev announced in an online chat. The corporate tax will be reduced from 19,5% to 15%.
Bulgarian authorities expressed content with the constantly increasing number of foreign tourists. The country's efforts to become a desired holiday destination have brought more than six million foreign visitors last year.
Austria's Nabucco consortium has started searches over the construction of a petrol pipeline passing through Bulgaria. The registaration papers for the forming of Nabucco Company Pipeline Study GmbH have already signed.
The procedures for the privatisation of Bulgartabac factories and their restructuring will start in about three months after Bulgaria's tobacco giant signed a contract with sale consultant Morgan Stanley & Co. March 11.
Bulgaria's telecom costs at least EUR 1 B, according to a report by Deutsche Bank of London, consultant on BTC privatization deal. It has evaluated the company's 100 percent stake at minimum EUR 476 M and up to EUR 1.
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