Bulgarian Energy Minister Reports of Irregularities at Energo-Pro EDC

Bulgarian Energy Minister Temenuzhka Petkova announced that irregularities have been identified at the energy distribution company (EDC) Energo-Pro, which operates in the northeast of the country.

Business » Energy | January 30, 2015, Friday // 20:05 | Viewed: 409

Finance Minister Expects Bulgaria to Record Surplus in January

Bulgarian Finance Minister Vladislav Goranov announced on Friday that the revenue collected for January could exceed that for the same month last year by between BGN 400 and 500 M.

Business » Finance | January 30, 2015, Friday // 18:52 | Viewed: 388

Bulgarian PM Reaffirms Moratorium on Shale Gas Extraction

Bulgarian PM Boyko Borisov assured on Friday that there will be no shale gas extraction in the country until a new eco-friendly method is invented.

Business » Energy | January 30, 2015, Friday // 18:01 | Viewed: 518

Bulgarian President Remains Hopeful of South Stream

Bulgarian President Rosen Plevneliev expressed hope that the South Stream project would receive the necessary permits for its completion.

Business » Energy | January 30, 2015, Friday // 17:04 | Viewed: 562

Banker Levon Hampartzoumian: Greek Banks In Bulgaria are Safe

Greek banks opeerating in Bulgaria are not threatened by the policies of the anti-austerity SYRIZA party, leading banker Levon Hampartzoumian said.

Business » Finance | January 30, 2015, Friday // 15:19 | Viewed: 638

New Sofia Metro Station to Increase Daily Commuter Numbers by 25,000

The number of commuters using the underground railway system in Sofia are expected to increase by 25,000 a day when the new Vitosha Station opens next year, city mayor Yordanka Fandakova said on Friday.

Business | January 30, 2015, Friday // 13:18 | Viewed: 716

Kuwaiti Company Interested in Belene NPP – Bulgaria Energy Minister

A Kuwaiti company has expressed interest in the Belene nuclear power plant project, according to Energy Minister Temenuzhka Petkova.

Business » Energy | January 30, 2015, Friday // 12:03 | Viewed: 711

Dimitar Kostov Nominated to Head Bulgaria's C-Bank Supervision Dept

Ivan Iskrov, Governor of the Bulgarian National Bank (BNB) has submitted to Parliament a proposal for the appointment of Dimitar Kostov as head of the Bank Supervision unit of BNB.

Business » Finance | January 30, 2015, Friday // 07:44 | Viewed: 718

Slovakia Proposes Gas Interconnection to Romania and Bulgaria

Slovakia's gas pipeline operator Eurostream is proposing to Bulgaria and Romania to build an interconnection to reduce their dependence on Russian gas supplies, Reuters has reported.

Business | January 29, 2015, Thursday // 18:42 | Viewed: 1826

Russian Economic Crisis Has Negative Effect on Bulgarian Industry - DW

The worst economic crisis in Russia in a decade coupled with the devaluation of the rouble have affected Bulgarian companies in a negative way, as sales decrease and orders are being suspended.

Business » Industry | January 29, 2015, Thursday // 15:12 | Viewed: 923

Energy Efficiency Projects Have Boosted Bulgarian Economy - Minister

Bulgaria's Environment Minister Ivelina Vassileva announced on Wednesday that BGN 13 M will be added to the national budget in 2015 from payments received by the National Trust Eco Fund.

Business » Energy | January 29, 2015, Thursday // 13:47 | Viewed: 877

Bulgarian Railways with New Action Plan

The new strategy for stabilization and development of the Bulgarian railway service BDZ will be ready until the middle of February, as announced by the CEO of the company Vladimir Vladimirov on Wednesday.

Business | January 29, 2015, Thursday // 12:44 | Viewed: 786

Sofia Dwelling Prices Rose by 3% in 2014

Real estate prices in Bulgaria's capital Sofia saw a nominal annual increase of 2.

Business » Properties | January 29, 2015, Thursday // 07:58 | Viewed: 1222

Bulgaria Climbs Up in Economic Freedom Index

Bulgaria has climbed up 6 places in the 2015 Index of Economic Freedom compared to the previous year, currently ranking between Hungary and Oman.

Business | January 28, 2015, Wednesday // 21:47 | Viewed: 1153

Bulgaria PM Borisov: Energy Bills Issue 'Is Conspiracy against Govt'

Bulgarian Prime Minister Boyko Borisov has warned against a repetition of the "2013 scenario" when his first government was toppled by mass protest following hike in electricity bills.

Business » Energy | January 28, 2015, Wednesday // 19:48 | Viewed: 1211

Bulgarian Business Sentiment Improves in January

Bulgaria’s overall buisness climate indicator has risen by 3.8 percentage points in January compared with the previous month, a new survey showed on Wednesday.

Business | January 28, 2015, Wednesday // 14:46 | Viewed: 837

Bulgarian State Railways Struggling To Stay Afloat

Bulgarian railways company BDZ posted a loss of BGN 51 M (EUR 25.5M) last year, Executive Director Vladimir Vladimirov said on Wednesday, highlighting an urgent need to overhaul the state-owned firm.

Business | January 28, 2015, Wednesday // 13:16 | Viewed: 1031

Bulgaria Records Progress in Economic Freedom – Think Tank

According to the 2015 Index of Economic Freedom, published by the Heritage Foundation, Bulgarian economy is moderately free.

Business | January 28, 2015, Wednesday // 12:33 | Viewed: 1001

Bulgaria's Energy Watchdog Foresees Power Price Hike in 2015

The Chair of the State Commission for Energy and Water Regulation (DKEVR) Svetla Todorova announced that an increase in the price of electricity was unavoidable during the year.

Business » Energy | January 28, 2015, Wednesday // 09:57 | Viewed: 947

Bulgarian Parliament to Hold Hearing of Energy Distributors

Members of the parliamentary Energy Committee will hold a hearing of the three electricity distribution companies (EDCs) operating in Bulgaria.

Business » Energy | January 27, 2015, Tuesday // 09:04 | Viewed: 1149

Russian Companies Interested in Building Hydraulic Structures in Bulgaria – Ambassador Isakov

Russia's Ambassador to Bulgaria Yuriy Isakov has emphasized the need for innovative approaches to developing economic and trade relations between the two countries.

Business | January 26, 2015, Monday // 20:16 | Viewed: 2417