Business

Bulgarian Parliament Endorses Plans to Aid Indebted Local Governments

Bulgaria’s central government will be able to extend interest-free loans to cash-strapped local governments, the Parliament has decided.

Business | 4 hours ago | Viewed: 273

Bulgaria’s 2015 Arms Exports Top EUR 640 M, Up 50% Y/Y

Bulgarian exports of military hardware increased by more than 50% last year compared with 2014, a government official has said.

Business » Industry | 6 hours ago | Viewed: 453

Bulgaria’s Services Turnover Index Picks up 8% Y/Y in Q1 2016

The turnover index in Bulgaria’s services sector adjusted for the number of workdays rose by 8% year-on-year for the first quarter of 2016, the National Statistical Institute (NSI) announced on Wednesday.

Business | 9 hours ago | Viewed: 479

Four Foreign Retailers Face Cartel Probe in Bulgaria

Bulgaria's Commission for Protection of Competition (KZK) has launched a probe into a suspected cartel agreement between four foreign retail chains operating in the country.

Business | May 25, 2016, Wednesday // 14:11 | Viewed: 872

Amnesty International: Bulgaria Is One of Egypt's Biggest Arms Suppliers

In an article released on Wednesday, Amnesty International claims that thirteen of the EU's 28 member states have ignored EU-wide suspension on arms transfers to Egypt and remain among Cairo's main suppliers of arms and policing equipment.

Business | May 25, 2016, Wednesday // 10:02 | Viewed: 928

Royal Clipper Arrives in Bulgaria’s Varna Port

The Royal Clipper, one of the world’s most luxurious sailing ships, has arrived in Bulgarian Black Sea port of Varna on Sunday, opening this year’s cruise season.

Business » Tourism | May 22, 2016, Sunday // 16:38 | Viewed: 2623

Tourist Trips by Bulgarian Residents Decrease 4.8% Y/Y in Q1 2016

A total of 550,200 Bulgarian residents made tourist trips in the first quarter of 2016, a decrease of 4.8% compared to the equivalent period of 2015, the state statistical office NSI has said.

Business » Tourism | May 22, 2016, Sunday // 10:30 | Viewed: 1675

World Bank Approves 2017-2022 Partnership Framework for Bulgaria

The World Bank has endorsed the new partnership framework for Bulgaria for the next six years aimed at strengthening institutions for sustainable growth and investing in people.

Business » Finance | May 20, 2016, Friday // 12:01 | Viewed: 2717

Bulgaria Can Use South Stream Project Co.’s Assets in Planned Gas Hub - Energy Minister

The project company for the abandoned South Stream gas pipeline project has valuable assets which Bulgaria can use in view of plans to build a gas hub on its territory, Energy Minister Temenuzhka Petkova has said.

Business » Energy | May 20, 2016, Friday // 10:53 | Viewed: 2450

Assets Managed by Investment Funds in Bulgaria Grow 2.6% Y/Y in March

The assets managed by resident and non-resident investment funds operating in Bulgaria increased by 2.

Business » Finance | May 20, 2016, Friday // 09:21 | Viewed: 2093

Sweden’s Assa Abloy Acquires Bulgarian-Based Locking Systems Maker Mauer

Sweden’s Assa Abloy, a global door opening solutions provider, has acquired Mauer, a leading manufacturer of cylinders and locks and supplier of locking products in Bulgaria, for an undisclosed sum.

Business » Industry | May 19, 2016, Thursday // 21:04 | Viewed: 2318

Bulgaria-Romania Danube Bridge 2 Generates EUR 43 M in Revenue since Launch

Danube Bridge 2 linking Bulgaria’s Vidin with Kalafat in Romania has generated revenue of EUR 43 M since opening for road and rail traffic in the middle of June 2013, Bulgarian Transport Minister Ivaylo Moskovski has said.

Business | May 19, 2016, Thursday // 20:24 | Viewed: 2998

Wiz Air Adds Three New Destinations from Sofia in December

Low-cost airline Wizz Air has announced that three new flight destinations will be available just before Christmas.

Business » Tourism | May 19, 2016, Thursday // 13:50 | Viewed: 4973

Russian Black Sea Pipeline Options 'Shouldn't Be Forgotten' - BulgarianDeputy PM

Bulgarian Deputy Prime Minister has said alternative options to have a Russian pipeline build under the Black Sea should be taken into account.

Business » Energy | May 19, 2016, Thursday // 10:58 | Viewed: 2177

FDI in Bulgaria Drops 37% Y/Y in Q1 2016  

Foreign direct investment (FDI) in Bulgaria decreased by 36.6% year-on-year in the first quarter of 2016, dropping to EUR 371.3 M according to preliminary data, the country’s central bank announced on Wednesday.

Business » Finance | May 18, 2016, Wednesday // 18:23 | Viewed: 1959

South Stream Bulgaria 'Keeps Spending Millions' Despite Project's Demise

The project company for abandoned South Stream spends BGN 4.

Business » Energy | May 18, 2016, Wednesday // 10:55 | Viewed: 2078

Ryanair Accuses Bulgaria's National Carrier of Getting Illicit State Aid

Irish airline Ryanair on Tuesday said it could refer to the European Commission over illicit state aid handed by Bulgaria to its national flag carrier, Bulgaria Air.

Business | May 18, 2016, Wednesday // 07:38 | Viewed: 2874

TAP 'to Supply Gas to Central, SE Europe' via Bulgaria-Greece Link

Greek Prime Minister Alexis Tsipras said on Tuesday the Trans-Adriatic Pipeline (TAP) would also supply Southeastern and Central Europe with gas through the Interconnector Greece-Bulgaria (IGB) when both are ready.

Business » Energy | May 17, 2016, Tuesday // 19:40 | Viewed: 1760

Bulgarian Court Upholds Ban on Misleading Labels by Consumer Electronics Retailer

Bulgaria’s Supreme Administrative Court has upheld a ruling by the Consumer Protection Commission (KZP) which describes as unfair competition practice the attaching of ‘Refurbish’ or ‘Pre-owned’ labels to mobile devices sold by a local consumer electronic

Business | May 17, 2016, Tuesday // 14:19 | Viewed: 1607

Bulgaria to Grant 35-Year Concession on Sofia Airport

Bulgaria will award a concession on Sofia Airport for a period of 35 years, the government has decided.

Business » Finance | May 17, 2016, Tuesday // 12:48 | Viewed: 2343

Bulgarian Household Income Rises 4.2% Y/Yin Q1, Expenditure up 0.9%

The total income average per household member in Bulgaria has increased by 4.2% year-on-year in the first quarter of 2016, reaching BGN1,237, according to official data.

Business » Finance | May 17, 2016, Tuesday // 09:48 | Viewed: 1631