Business

"Asianization" Threat on Bulgarian Textile Industry

The removal of textile importing quotas from China and India poses a threat on Bulgarian textile undustry. According to Bulgarian Textile and Clothing Export Association, the lack of quotas for those two countries risks market flooding with cheaper Asian

Business | June 21, 2004, Monday // 00:00 | Viewed: 825

Bulgaria's 3rd GSM License Appealed

Bulgaria's second mobile operator lodged an appeal against the non-tendered issue of a third GSM license a few days after the Prosecutors Office launched a separate attack.

Business | June 21, 2004, Monday // 00:00 | Viewed: 828

Bulgaria Becomes Favorite EU Tourism Destination

The number of tourists from the European Union (EU) coming to Bulgaria has gone up by over 46 percent. More and more tourists from UK, Germany as well as from different Central European countries come to Bulgaria.

Business | June 21, 2004, Monday // 00:00 | Viewed: 1404

Hemus Air Flies Sofia-Burgas

Bulgarian airlines Hemus Air launched regular flights from the capital Sofia to the Black Sea city of Burgas. The flights have been scheduled four times a week.

Business | June 21, 2004, Monday // 00:00 | Viewed: 1044

Novinite.com/ Sofia News Agency Promote New Layout

Novinite.com launched a new layout June 18 and promotes its new brand - Sofia News Agency, some three years after the leader in the English language news in Bulgaria started.

Business | June 20, 2004, Sunday // 00:00 | Viewed: 553

Severe Losses for Bulgaria's Railways

Bulgaria is planning to close 100 railway routes because of crushing losses. The low number of travelers costs the state 25,000 levs daily, Transport Minister Nikolay Vassilev admitted.

Business | June 20, 2004, Sunday // 00:00 | Viewed: 1468

Bulgaria Wistful for EU Market

Bulgaria's foreign minister stressed on the importance of EU market access after Bulgaria joins the Union. Solomon Passy pointed out that Bulgarian producers will have half a billion potential consumers within an arm's reach.

Business | June 20, 2004, Sunday // 00:00 | Viewed: 741

IMF Warns Bulgarian Creditors

The International Monetary Fund's resident representative to Bulgaria recommended that local banks slow down in allotting credits. According to James Roaf, if rapid credit growth is not brought under control, that could threaten Bulgaria's macroeconomic

Business | June 19, 2004, Saturday // 00:00 | Viewed: 664

Bulgarian Lotto Luck Winds Abroad

Luck at Bulgarian lottery can perch on the shoulder of those submitting forms abroad. It will be possible due to amendments in the Gambling Act, which envisage that the state Prizes and Cash Lottery and the Sports Lottery pool in efforts at organizing ga

Business | June 18, 2004, Friday // 00:00 | Viewed: 775

Smoking Ads Outlawed in Bulgaria

Bulgarian MPs voted yes to a ban on cigarette advertising.

Business | June 18, 2004, Friday // 00:00 | Viewed: 969

German Credit for Danube Bridge Okayed

Germany's Kreditanstalt fuer Wiederaufbau will release a EUR 20 M credit for the construction of a second bridge over the Danube river, Bulgaria's government decided.

Business | June 18, 2004, Friday // 00:00 | Viewed: 713

Warning over Blocked Aroma Shares Trade

The Bulgarian Stock Exchange trade with shares of cosmetics producer Aroma is risky, Astera Holding Board of Directors warned. The cosmetics company's shares have been blocked by a court injunction.

Business | June 17, 2004, Thursday // 00:00 | Viewed: 945

World Bank Loans USD 150 M to Bulgaria

The World Bank loaned USD 150 M to Bulgaria to boost reforms in public administration, the judiciary and anti-corruption.

Business | June 17, 2004, Thursday // 00:00 | Viewed: 1049

EU Pays for Bulgaria's Nuke Safety

Bulgaria's power plant Kozloduy will be financed with EUR 61.9 M for the decommissioning of its two oldest units.

Business | June 17, 2004, Thursday // 00:00 | Viewed: 1369

Freshed Up Sofia Airport Handles 2.6 M Passengers a Year

Sofia airport will have a capacity of 2.6 million passengers and 26,000 tons of cargo exchange per year after the implementation of the project for its reconstruction, development and expansion.

Business | June 17, 2004, Thursday // 00:00 | Viewed: 2898

Bulgarian Filmmakers Slam Center Sale

Bulgarian filmmakers vehemently attacked the conditions of the tender for the sale of a 95 percent stake in the country's movie production centre Boyana Film Studios. The terms of the tender give advantage to film producers over filmmakers, they claim an

Business | June 17, 2004, Thursday // 00:00 | Viewed: 814

Bulgaria Signs PAL 2 Agreement

Bulgaria's Finance Minister Milen Velchev and World Bank Director for Bulgaria Anand Seth are expected to sign a PAL 2 loan agreement following a review of the government's program for reform and the bank's support. The World Bank approved a USD 150 M Se

Business | June 17, 2004, Thursday // 00:00 | Viewed: 821

Private, Public Sector Hand in Hand for Bulgaria Promotion

Private business and the government have shaken hands in accord to pool efforts for promoting Bulgaria as tourist destination abroad. Bulgarian Convention and Visitors Bureau and the National Tourism Advertising and Information Agency have agreed on a co

Business | June 16, 2004, Wednesday // 00:00 | Viewed: 1262

World Saw 500,000 Fresh Millionaires 2003

About 500,000 people became US dollar millionaires last year, according to a survey of Merrill Lynch and CapGemini. That makes for a 7.

Business | June 16, 2004, Wednesday // 00:00 | Viewed: 932

Bulgaria Woos Hollywood to Buy Film Center

Bulgaria will seek to attract Western European and American companies for the sale of a 95 percent stake in the country's movie production centre Boyana Film Studios. Announcements of the public tender, to be invited by the end of this year, will be publ

Business | June 16, 2004, Wednesday // 00:00 | Viewed: 2145

Serb Dollars Flow into Bulgaria's Resorts

Serb holidaymakers spend USD 250 million in Bulgaria every year, data show. But Bulgaria's Transport Minister Nikolay Vassilev said Bulgarian investment in Serbia were higher than vice versa.

Business | June 16, 2004, Wednesday // 00:00 | Viewed: 748
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria