Business

Amendments to Bulgaria’s Bank Insolvency Act Pass 2nd Reading in Parliament

Bank Insolvency Act amendments aimed at allowing easier access of creditors to information related to the insolvency proceedings passed second reading in Parliament on Wednesday.

Business » Finance | 7 hours ago | Viewed: 655

Bulgarian Employers’ Associations, Trade Unions Protest Imminent Power Price Hike

Representatives of employers’ associations and trade unions staged protests over a forthcoming power price hike in a number of cities across Bulgaria.

Business » Energy | 9 hours ago | Viewed: 819

Bulgaria’s Govt OKs Draft Version of Operational Program Targeting SMEs

Bulgaria’s government has approved a draft version of the new operational program Small and Medium-Sized Enterprises (SMEs) Initiative 2014-2020.

Business | July 29, 2015, Wednesday // 16:44 | Viewed: 817

Bulgaria’s Govt Launches 5th Attempt to Award Concession for Gorna Oryahovitsa Airport

Bulgaria’s government has launched a new procedure for the award of a concession for the airport near the northern town of Gorna Oryahovitsa.

Business | July 29, 2015, Wednesday // 15:59 | Viewed: 1160

Bulgaria's Mobiltel Acquires Cable Operator Blizoo

Telekom Austria Group on Wednesday announced its Bulgarian subsidiary Mobiltel has agreed to acquire 100% of Blizoo Bulgaria from Swedish EQT group.

Business | July 29, 2015, Wednesday // 13:12 | Viewed: 839

Russia 'Ready to Sign Only Part of Turkish Stream Deal'

Russia is currently ready to sign only an agreement to build the first section of Turkish Stream, Russian news websites quote an Energy Ministry source as saying.

Business » Energy | July 29, 2015, Wednesday // 12:44 | Viewed: 1151

Bulgaria's Parliament Endorses Proposed C-Bank Deputy Governors

Bulgaria’s Parliament on Wednesday voted into office the three deputy governors of the central bank BNB proposed by the BNB head Dimitar Radev, BNT TV channel reported.

Business » Finance | July 29, 2015, Wednesday // 12:20 | Viewed: 901

Bulgaria MPs to Vote on Appointment of C-Bank Deputy Governors

Parliament is to vote Wednesday on the appointment of the three Deputy Governors at the country's central bank, the Bulgarian National Bank (BNB).

Business » Finance | July 29, 2015, Wednesday // 10:25 | Viewed: 966

Bulgaria Businesses to Stage Protest over Power Price Hike

Business unions in Bulgaria say more than 1000 companies are to protest in 28 cities across the country against a planned hike of power prices.

Business » Energy | July 29, 2015, Wednesday // 09:49 | Viewed: 1068

Bulgarian Regional Minister: Section of Struma Motorway to be Launched on Friday

Bulgarian Regional Minister Lilyana Pavlova said on Tuesday that the section of Struma motorway between the town of Sandanski and the border checkpoint Kulata will be most likely launched on Friday evening.

Business | July 28, 2015, Tuesday // 20:40 | Viewed: 1754

Energy Watchdog Chair – Further Postponement of New Power Prices Is Impossible

Ivan Ivanov, Chair of the Commission for Energy and Water Regulation (KEVR), has said that there is no option to further postpone the entry into force of new electricity prices.

Business » Energy | July 28, 2015, Tuesday // 13:52 | Viewed: 1604

Bulgaria’s May Gross Foreign Debt Down 4% from 2014

Bulgaria’s gross foreign debt decreased by 1.

Business » Finance | July 28, 2015, Tuesday // 13:17 | Viewed: 1535

Industry, Retail Lead Drop in Bulgaria’s Business Confidence Index

Bulgaria’s business confidence index fell by 1.

Business | July 28, 2015, Tuesday // 12:30 | Viewed: 2294

Majority Stake in Bulgarian Software Company Fadata Bought by British Insurance Co, US PE Firm

Bulgarian software company Fadata, a leading vendor of software solutions for financial and insurance business, has new owners - UK-based insurance services group Charles Taylor, and The Riverside Company, a global private equity firm.

Business | July 28, 2015, Tuesday // 09:21 | Viewed: 1261

Bulgarian Employers, Trade Unions to Protest Planned Power Price Hike

More than 1000 firms will participate in a protest against the planned hike of electricity prices for businesses, which will take place in 28 Bulgarian cities on Wednesday.

Business » Energy | July 27, 2015, Monday // 17:17 | Viewed: 2014

EU Commissioner for Energy Union Maros Sefcovic to Visit Bulgaria on September 15

European Commission Vice-President in charge of Energy Union Maros Sefcovic is to visit Bulgaria on September 15.

Business » Energy | July 27, 2015, Monday // 14:53 | Viewed: 1934

Cost of Bulgaria’s Struma Motorway Swells by BGN 3 M due to Anti-Landslide Measures

Bulgaria’s Road Infrastructure Agency (RIA) has allocated an additional BGN 3 M to anti-landslide fortification in two sections of the Struma motorway.

Business | July 27, 2015, Monday // 12:02 | Viewed: 1894

Bulgarians Complete More Holiday Trips, Excursions Abroad in June

In the month of June, Bulgarians completed 468 319 trips abroad, which represented an increase of 13.9 % compared to the same month last year.

Business » Tourism | July 27, 2015, Monday // 11:55 | Viewed: 1977

Banking Supervision in Bulgaria 'Not Strictly Applied' in Past Years

Banking supervision procedures were not strictly applied in Bulgaria in recent years, the head of the country's national auditing body has said.

Business » Finance | July 27, 2015, Monday // 11:03 | Viewed: 2123

Workers at Bulgaria’s Military Plant VMZ Sopot Demand Pay Rises

Dimitar Atanasov, trade union representative at Bulgarian state-owned military plant VMZ Sopot, has said that workers plan to stage a protest to demand pay rises and streamlined operations.

Business | July 27, 2015, Monday // 10:54 | Viewed: 1625

Fight against Smuggling Has Fetched Revenues of over BGN 2 B - Bulgaria’s PM

Bulgaria’s Prime Minister Boyko Borisov has claimed that anti-smuggling measures have generated over BGN 2 B in budget revenue since the beginning of 2015.

Business » Finance | July 27, 2015, Monday // 09:56 | Viewed: 1898