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20 October 2018, Issue 5061
by Novinite.com
Bulgaria's Daily Newspaper since 2001
1 subscribers of Novinite.com
174943 articles
591 interviews
10717 pictures
 
BUSINESS POLITICS WORLD SOCIETY SPORTS FORUM
 
Total Collapse of Foreign Direct Investments in Bulgaria, According to a Report of the Bulgarian Industrial Association


The collapse of foreign direct investment in Bulgaria is total. This was said by Radosvet Radev, executive chairman of the Bulgarian Industrial Association.read
Velocity Minerals Ltd. Receives Positive Metallurgical Results at Rozino Gold Project, Southeast Bulgaria


VANCOUVER, British Columbia, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Velocity Minerals Ltd. (TSXV: VLC) (“Velocity” or the “Company”) announces that it has received positive results from comminution, flotation & gravity recovery, and leach test work on a bulk sample representative of the entire Rozino gold project (“Rozino” or the “Project”), located in southeast Bulgaria.read
What too Much Alcohol can do to your Health


Worldwide, each person 15 years and older consumes 13.5 grams of pure alcohol per day, according to the World Health Organization.read
 
 
TOP NEWS

BUSINESS

JASON KING APPOINTED CEO OF TELENOR BULGARIA

Mr. Jason King has been appointed Chief Executive Officer (CEO) of Telenor Bulgaria of PPF Group effective 1 September 2018. “I’m very pleased to welcome Jason King as CEO of Telenor Bulgaria and as part of my management team. Jason brings almost 20 years of leadership experience in global Telecom companies mainly based in CEE region. Jason brings broad expertise of Marketing and Sales, combined with his extensive leadership experience. Mr. King is a great addition to the PPF management team and he will continue to take our Bulgarian business forwards,” , said Ladislav Bartoníček, PPF Group’s read more


GMR INFRA LIKELY TO BID FOR BULGARIAN AIRPORT PROJECT

GMR Infrastructure is evaluating options to bid for a €3.9-billion, or about Rs 32,370-crore, project to develop and manage Sofia airport, Bulgaria’s largest, two people familiar with the matter said. Bulgaria had in June last year invited bids for a 35-year concession agreement that included building a new terminal and an upfront payment of €281million, or about Rs 2,332 crore. 

The final date of bid submissions to take over operations of the airport from the state is October 22. 

According to the tender document and Bulgarian transport minister Ivaylo Moskovski’s statements from last year, the 35-year concession agreement also entails annual fees of not less than €7.7 million (Rs 64 crore), or 10% of annual revenue, whichever is higher. The concession can be extended to 46 years and seven months. 


NSI: IN AUGUST, BUSINESS CLIMATE INDICATOR IN BULGARIA FALLS 2.9% MOM

Sofia. In August 2018, the business conjuncture in the country was assessed as unfavourable, the National Statistical Institute (NSI) said. The total business climate indicator decreased by 2.9 percentage points month-on-month, with a decrease in all observed sectors – industry, construction, retail trade and services.
In industry, the indicator fell by 1.9 percentage points due to worse expectations among entrepreneurs about the companies’ business situation in the next 6 months. The survey registered better secured production with orders, but without improved expectations for production activity in the next 3 months.
In construction, the business climate indicator went down by 3.8 percentage points amid more reserved entrepreneur assessments and expectations about the business situation of the enterprises. Their opinion about the current construction activity improved compared to the previous month, and they expect the activity to remain at the same level in the next 3 months. The survey registered a stronger negative impact of the factors labour shortage and sector competition.
In retail trade, a drop of 4.0 pp was registered as retailers’ assessments and expectations about the business situation of the enterprises shifted from ‘better’ towards preserving ‘the same’. Their opinions about sales volumes over the last 3 months and expectations for the next 3 months were more unfavourable.
In the services sector, the indicator decreased by 2.8 percentage points due to more unfavourable expectations about the business situation of the enterprises in the next 6 months. However, the managers are more optimistic about the current and expected services demand.

Focus News Agency read more


VELOCITY MINERALS LTD. RECEIVES POSITIVE METALLURGICAL RESULTS AT ROZINO GOLD PROJECT, SOUTHEAST BULGARIA

VANCOUVER, British Columbia, Aug. 29, 2018 (GLOBE NEWSWIRE) -- Velocity Minerals Ltd. (TSXV: VLC) (“Velocity” or the “Company”) announces that it has received positive results from comminution, flotation & gravity recovery, and leach test work on a bulk sample representative of the entire Rozino gold project (“Rozino” or the “Project”), located in southeast Bulgaria. 

Results of this work will be incorporated into the Rozino NI 43-101 Preliminary Economic Assessment (“PEA”), which is in progress with results expected to be released in September 2018.  Delivery of the PEA is the mechanism by which Velocity will earn a 70% interest in the Rozino gold deposit. read more


DEVEXPERTS OPENS NEW RESEARCH AND DEVELOPMENT CENTRE IN BULGARIA

Devexperts, one of the leading platform technology developers in the foreign exchange industry, announced today that it has opened a new research and development centre in Sofia, Bulgaria. The new R&D centre will be headed by Viktor Andonov, an IT industry veteran.

Headquartered in Munich, Devexperts provides specialised capital market software solutions. Its clients are primarily retail and institutional brokers, banks, wealth management firms, as well as stock and crypto exchanges. The firm, which was founded in 2002 and currently has over 400 employees, also has R&D centres in Munich, Antalya and Porto. read more


WHAT TOO MUCH ALCOHOL CAN DO TO YOUR HEALTH

Worldwide, each person 15 years and older consumes 13.5 grams of pure alcohol per day, according to the World Health Organization. Considering that nearly half of the world doesn't drink at all, that leaves the other half drinking up their share.

While the majority of the world drinks liquor, Americans prefer beer. The Beverage Marketing Corp. tracks these things: In 2017, Americans guzzled about 27 gallons of beer (or 216 pints), 2.6 gallons of wine and 2.2 gallons of spirits per drinking-age adult. read more


EU & PARLIAMENTARY ELECTIONS 2009

TOTAL COLLAPSE OF FOREIGN DIRECT INVESTMENTS IN BULGARIA, ACCORDING TO A REPORT OF THE BULGARIAN INDUSTRIAL ASSOCIATION

The collapse of foreign direct investment in Bulgaria is total. This was said by Radosvet Radev, executive chairman of the Bulgarian Industrial Association. The BIA submitted a report for the period 2007 - 2017. The decline is deepening also in the current 2018, with investments in the first half being two times less than in the past.

The report states that the total volume of investments in Bulgaria in the period 2007-2017. remained relatively constant - about BGN 18 billion per year, with a peak in 2008 when it reached BGN 24 billion. The share of local investment in the total volume of investments has been drastically increasing with a parallel collapse of foreign investment. read more



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