The largest paper mill in Bulgaria in the town of Stamboliyski is closing down until further notice due to the global financial crisis.
All the employees of the Bulgarian chemical plant "Svilosa" are on half working days due to slow crisis business
Bulgaria's industrial output fell by 19% in January 2009 month-on-month, after rising by a monthly 1.7% in December, preliminary data of the National Statistics Institute (NSI) showed on Tuesday.
The demands of the protesting workers from the troubled steel mill "Kremikovtzi' has received the support of the Bulgarian Economy and Energy Minister, Petar Dimitrov. The news was announced by Vasil Yanachkov, from the "Metalici" (Steel Workers) trade
Workers at Bulgaria's indebted steelmaker Kremikovtzi hit the streets once again on Monday over unpaid salaries and the lack of an investor in the ailing plant, piling pressure on the coalition ahead of the summer elections.
The troubled "Kremikovtzi" steel mill will have to halt all mining activities and several productions at the end of March because of the lack of interested investors. The information was provided Friday by the "Podkrepa" trade union representative, Luy
Bulgaria's economy and energy minister admitted talks over the purchase of insolvent steel mill Kremikovtzi have been bogged down, blaming it on low prices on foreign markets.
The Brazilian metallurgical giant CSN (Companhia Siderurgica Nacional) remains the only main candidate for the purchase of the troubled Bulgarian steel mill Kremikovtzi.
Japan's industrial production fell by 10% in January which is the biggest monthly drop since records began more than 50 years ago, the Japanese government reported Friday, cited by the BBC.
Bulgaria's Ministry of Energy and Economy has received a letter from the Russian company Finprominvest expressing its general interest in the troubled steel-maker Kremikovtzi, the Bulgarian private Darik radio reported.
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