Sofia Seeks Expanded IT Market
Officials discussed the positioning of Bulgarian IT production on the international market on Friday . Members of the Economic Policies Committee thought through the state's strategy for development of the sector.
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Bulgaria Outlaws Direct Alcohol Advertising
Bulgarian Parliament has made a step forward to ban direct advertising of hard liquors with amendments to the Health Act. The health policy commission tabled Wednesday for further parliamentary discussion the controversial legislative provisions, which i
France to Give Bulgaria's Army EUR 400 M
France will allot a total of EUR 400 M for the modernization of the Bulgarian army. Bulgaria's Defence Minister Nikolay Svinarov said that after he attended a NATO meeting of the defence ministers of the new members.
Russian Tourists Return to Bulgaria
Bulgaria is gradually gaining back its position of a leader on the Russian tourist market. The Balkan country becomes more and more attractive to Russians, officials say.
Bulgarian Water-Power Project Underway
The construction of Tsankov Kamak water-power system was formally launched on Thursday.
OTP Bank Enters Romania after Bulgarian Purchase
OTP Bank, the Hungarian National Savings and Commercial Bank, enters the Romanian market following the purchase of Bulgaria's largest retail bank DSK Bank. The share purchase agreement on the acquisition of 100 percent of the shares of Romania's Banca Co
Hilton Sofia Market Share Up by 5.2 % in 2003
Hilton Sofia has increased its market share among the capital's five-star hotels by 5.2 % in 2003 year-on-year, General Manager Friedrich Niemann announced.
Mini Airports Popping on Bulgarian Coast
The coastal resort of Albena, some 30 km north of Varna, will have three mini airports for private charters. The runways will be located in the nearby villages of Pimorsko, Elin Pelin and Rogachevo.
Opet Aygaz to Invest USD 100 M in Bulgaria
Turkish fuel distribution company Opet Aygaz plans to invest USD 100 M in Bulgaria. That was announced at the opening ceremony of the first Opet Aygaz gas station in Sofia.
UK Investors Insatiable for Bulgarian Property
British investors have shown considerable interest in the Bulgarian real estate market. UK Daily Telegraph reported that British investors' insatiable appetite for property has led them to hunt for bargains in eastern Europe.
British American Tobacco Eyes Piecemeal Sale of Bulgartabac
British American Tobacco (BAT) is interested in piecemeal purchase of Bulgartabac rather than a wholesale deal. The tobacco giant has confirmed it would participate in the auction for Bulgaria's state owned tobacco assets, due to start next month and to
Canadian Gold Miner Eyes Major Bulgarian Investment
Canada's Dundee Precious Metals projects to boost its investment activity in Bulgaria over the next two years. A total of USD 150 M will be allotted for the copper and gold mines at the areas of Chelopech, Central Bulgaria, and Ada Tepe, South Eastern Bu
European Economic Summit on Enlargement Eve
Bulgarian President and another 20-some heads of state and prime ministers have arrived in Warsaw for the opening Economic Forum. The three-day summit is organized under the auspices of Polish President Alexander Kwasniewski and dedicated to the expected
Bulgaria to Lay Roads in Iran
Bulgaria is keen on engaging with construction works on Iran's infrastructure. Deputy Prime Minister and Transport Minister Nikolay Vassilev is set to negotiate with Iranian officials on the options for cooperation in the fields of marine and railway tra
Public Finance School Opened in Sofia
Deputy Prime Minister and Minister of Finance of the Netherlands Gerrit Zalm opened a Public Finance School in Sofia. Zalm was on a one-day visit to Bulgaria on the invitation of his Bulgarian counterpart Milen Velchev.
Bulgaria OKs Land Purchase by Foreigners
Foreigners will be allowed to acquire Bulgarian land as provided by the Bulgarian legislation or an international contract, ratified by Parliament, MPs from the commission for constitutional amendments agreed.
Bulgarian Business Stands Up for Corporate Social Responsibility
Nine leading companies, operating in Bulgaria, presented their corporate social responsibility projects at a meeting, organized by the Bulgarian Business Leaders Forum (BBLF) and the United Nations Development Programme (UNDP).
Foreign Insurers Threaten to Quit Bulgaria
Foreign insurance companies with local Bulgarian offices threaten to leave the country in the face of lax taxation control. In an open letter sent to the tax director general, the Bulgarian Insurers Association complained about the loose taxation practic
Bulgarian Market Braces for Beer Brand Storm
After Amstel, the Zagorka brewery is set to launch the Heineken brand on Bulgarian market.
The Netherlands Buys Kyoto Reductions in Bulgaria
The Netherlands's State Secretary of Finance Joop Wijn and Sasho Donchev, Overgas Inc. Executive Director signed a contract for the purchase of Carbon Credits for a Fuel Switch project in Bulgaria.
Private Hydroelectric Plant Built in Bulgaria
A private Bulgarian company will start building a hydroelectric power plant near Vidin. That will be the first facility of its kind in the region.
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