Allianz Bulgaria became the second Bulgarian insurer, after the State Insurance Institute to offer to its green card insurance policyholders Auto Assistance insurance, which covers any repairs, transportation and emergency medical costs in the event of a
The construction and operation of part of Trakiya freeway should be granted on concession, Director of Roads Executive Agency Pavel Dikovski suggested, quoted by Pari Daily. Some EUR 300 M will be needed for building the three stretches totalling about 12
The Supervisory Board of the Privatization Agency approved the deal for the sale of a seventy percent stake in Vidin-based chemical plant Vidachim to Russe-based company Pristisgroup-Vodno Stopanstvo AD. The company will pay one lev for the bankrupt Vidac
All three bidders for Bulgaria’s telecom monopoly BTC have requirements for legislative changes, Privatisation Agency Executive Director Apostol Apostolov told the Bulgarian News Agency. The BTC buyer will have to invest additionally no less than EUR 450
It is a bad time for sale of telecoms companies because of the slump in sales and profits in the telecoms sector worldwide, the economic advisor to President Parvanov and 2001 Nobel Prize winner Prof. Joseph Stiglitz said after his final meeting with the
The government is planning to start denominating the value of the country's external debt in leva and in euros in its public reports, Deputy Finance Minister Krassimir Katev told the Bulgarian News Agency. The external debt is currently posted in leva and
The currency board is one of the most difficult problems that Bulgaria has to manage, Joseph Stiglitz, Nobel Prize holder for Economics in 2001 told journalists in Plovdiv. He was chosen for advisor of Bulgaria’s President Parvanov in the beginning of the
As from Tuesday, the Regional Customs Directorate in Varna has started destroying 500,000 packages of counterfeit Lucky Strike cigarettes. The illicit shipment from the Far East is being incinerated in the furnaces of Geomach Inc.
A new yoghurt production technology was launched by Danone –Serdika on July 16. The new device is totally automatic and multifunctional and makes 15 000 packs of the world’s most popular size of yoghurt an hour, which is twice the production of a standard
The issue with Russia’s claims to real estates in Bulgaria is of concern of the Foreign Ministry, Deputy Prime Minister and Economy Minister Nikolay Vassilev said. In his opinion, these claims had nothing to do with the privatisation of tobacco monopoly B
EU’s SAPARD program will allocate BGN 22,2 M for twenty new agrarian projects. The Executive Director of fund “Zemedelie” Asen Drumev signed the contracts for the projects.
The price of Bulgaria’s third GSM licence will not be factored in the final bids for Bulgaria’s telecom monopoly BTC, the Privatization Agency announced. If the future owner wants a GSM licence also, it will be issued after additional negotiations.
The possibility of introducing the euro as currency in Bulgaria before the country’s accession to the EU was among the topics discussed at the international conference “Bulgaria in Europe,” which took place July 15 in Sofia. Bulgaria must be ready to intr
The Bulgarian-Italian joint venture Promoest BG plans to build a business facility near Krumovo village in the Plovdiv district. The facility will comprise of three hotels, a bank and several light industry factories.
The Privatization Agency chose Russe-based company Pristisgroup-Vodno Stroitelstvo AD as the exclusive buyer of a seventy percent stake in Vidin-based tyre maker Vidachim. Pistisgroup will pay one lev for the bankrupt Vidachim but will assume its BGN 68,8
Alexander Semernyov, head of the Russia's representative office on the Balkans, announced that Russia will not withdraw its claims to assets of tobacco monopoly Bulgartabac Holding and is ready to take legal steps to regain assets. "We have informed all B
“Now is the time when the Italian business should enter in Bulgaria since our country is the most attractive place on the Balkans, “ Foreign Minister Passy told Roberto Formigoni, president of the Italian Lombardia region in the beginning of their meeting
The European Bank for Reconstruction and Development (EBRD) plans to allot EUR 2,5 B for investment projects in Bulgaria during the coming couple of years. That was announced by Elisabetta Falcetti, Senior Economist at EBRD in the framework of the interna
Joseph Stiglitz, Nobel Prize holder for Economics in 2001 arrived on a three-day visit to Bulgaria on Monday. He was chosen for advisor of President Parvanov in the beginning of the year.
Burgas governors, MPs from the rightist United Democratic Forces and the leftist Bulgarian Socialist Party blocked for a while at noon a central street in the Black Sea city as a sign of protest against the decision the central bank to close its regional
Unemployment is still very high in Bulgaria and the labor market does not work properly, Martin Hallett from the directorate-general for Economic and Financial Affairs with the European Commission said in his address to the participants in the internation
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
