Russia has got no grounds to lay claims to real estates in Bulgaria, Bulgaria’s Foreign Minister Passy said. He explained that the government has reviewed the Russian claims to part of the Bulgartabac assets and they were abstract and without legal ground
Four companies are interested in buying fifty percent of the Varna shipyard assets, Slaveyko Staykov, chair of the shipyard’s Board of Directors told journalists. The Navigation Maritime Bulgare (BSF) is owner of Varna shipyard since June 3.
China has invested USD 300 M in Bulgaria since the beginning of 2002, Deputy Prime Minister and Economy Minister Nikolay Vassilev said in the Albena resort where he paid a visit together with the Chinese delegation, which arrived on Saturday and is led by
The Burgas municipal council will have an extraordinary meeting on Monday to discuss the decision of the Bulgarian central bank to close its regional branch in the Black Sea city. The branch is planned to be officially closed on July 19.
“The privatization of Bulgartabac Holding is the most important deal this year since it is connected with the means of living of many Bulgarians. The government will do its best Bulgartabac to be successfully privatized and to be able to work normally aft
Almost all owners of small companies in Bulgaria fear bankruptcy or burglary in their offices. More than half of the entrepreneurs fear physical violence, data from a survey of the National Statistical Institute show.
A Chinese delegation, led by State Councilor Yi Wu arrived on July 13 on a four-day visit in Bulgaria at the invitation of the Deputy Prime Minister and Economy Minister Nikolay Vassilev. Presidents of some of the most powerful Chinese corporations are am
The Bulgarian-American Credit Bank (BACB) will receive USD 5 M by the International Finance Corporation. The funding is extended as a loan.
Many big mistakes were made – one of them involves the sale of Bulgartabac Holding, the other one - the Bulgarian Telecommunications Company, Agriculture Minister Mehmed Dikme commented. “Bulgaria could have sold at a much higher price these two companies
Central Cooperative Bank (CCB) is the new owner of Dobrudzhanska Trade Bank. The transfer of the bank property is scheduled to take place in two months.
BNP Paribas is most likely to be selected consultant for the privatisation of Bulgaria’s electricity distribution utilities, the Bulgarian National Radio reported, quoting energy ministry sources. The offer of BNP Paribas was the best one submitted in the
“There are no reasons to postpone the deadline for the privatisation of Bulgartabac Holding, “ Deputy Prime Minister and Economy Minister Nikolay Vassilev said. The tobacco monopoly will go in private hands by end-August, he noted.
Bulgaria may use the experience of Hungary and attract more foreign investors benefiting from the stability in the region, H.E.
Five projects of the Ministry of Regional Development and Public Works, worth EUR 20 M were approved by the European Commission for funding under the PHARE – trans border cooperation 2002 program. The projects are for the construction of a water waste pur
Under the “Economic and Monetary Union” EU chapter, Bulgaria has negotiated with the European Commission, the central bank to be given bigger independence and larger freedom for movement of capital and financial services. That will be realized through leg
All three bidders for the Bulgarian Telecommunications Company were allowed to the second stage of the privatization procedure, which opens on Monday. That was decided by the interdepartmental committee on the telecom privatization.
The Ministry of Regional Development and Public Works will launch a EUR 41 M tender procedure for the construction of waste water treatment plants in the Maritsa river basin and the towns of Stara Zagora and Dimitrovgrad. Funds for the project will be pro
The Greek aluminum producer Aluminul Milonas is planning to invest EUR 3,8 M for the construction of a new factory in the Bulgarian sea port of Varna. That was reported by Dnevnik Daily, quoting the Greek press and the Bulgarian subsidiary Alumil-Bulgaria
Since stepping on the Bulgarian market a decade ago, Coca Cola HBC, the Athens-based bottler of soft drinks, has invested over USD 100 M locally. Coca Cola’s investment portfolio in Bulgaria spreads among the six bottling plants the company operates in th
Nikolay Nikolov who resigned from his deputy transport ministerial position is appointed executive director of Bulgaria’s biggest GSM operator MobilTel, the company announced. Nikolov will be responsible for human resources, legal department and public re
Closer ties in the commercial and economic cooperation are envisaged by the project for memorandum approved by the Government July 11. The two sides will exchange technical, economic, investment and trade information.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
