News Guide Bulgaria

Shoumen: Shumen-based Carlsberg brewery starts again after temporary winter break

Thu, 07 Mar 2013 13:45:00 GMT

Carlsberg brewery, based in Shoumen starts work again. After a temporary cease of production in the winter period the brewery started boiling and bottling of popular beer brands under the name of Shoumensko Premium Malt, Shoumensko Svetlo and TUBORG. I...

Breznik: Colossal project for extraction and processing of gold containing ores near Breznik

Thu, 07 Mar 2013 13:31:00 GMT

A colossal project for development of Breznik is due to come true, after the investment proporal of Thrace resources for extraction and processing of gold containing ores was approved by the Regional inspectorate of environment and water- Pernik . The de...

Shoumen: Shumen municipality may terminate contarct with Israeli company for heating utility Toplofikatsia Shumen EAD

Thu, 07 Mar 2013 13:28:00 GMT

Bulgaria`s Shumen municipality has warned the executive director of Israeli company Telemania that it will terminate the privatization contract for heating utility Toplofikatsia Shumen EAD at one month`s notice. The Israeli company has violated its oblig...

Bulgarian ski resort operator Pamporovo raises its capital to BGN 1.61 million

Fri, 22 Feb 2013 15:33:00 GMT

Bulgarian ski resort operator Pamporovo plans to raise its capital to BGN 1.61 million from the current BGN 1.08 million. The company plans to issue 538,050 new shares with a nominal value of BGN1.0 and sell them at a price of BGN 3.0 each. The decisio...

BG Parliament accepted the resignation of Prime Minister Boyko Borisov and his Cabinet

Fri, 22 Feb 2013 15:31:00 GMT

Bulgaria`s Parliament accepted the resignation tabled by Prime Minister Boyko Borisov and his Cabinet. A total of 209 lawmakers voted in favor of the proposed resignation, while 5 were against and 1 abstained from voting. Borissov told MPs on Wednesday t...

SMS alert service notifies for any change in ownership of own property in the National Land Registry

Fri, 15 Feb 2013 15:40:00 GMT

New SMS alert service was presented on Wednesday by the Registry Agency, through which for a modest subscription fee everyone can be alerted for any change in ownership of his property in the Land Registry. Users can register on the site of the Agency an...

Peshtera: Vinprom Peshtera JSC is amomg the largest taxpayers in Bulgaria

Wed, 13 Feb 2013 15:37:00 GMT

Nearly BGN 70.5 million were submitted to the Treasury by Vinprom Peshtera JSC in 2012, which for the tenth consecutive year lead the company to the leading position among the largest taxpayers in Bulgaria. The leader producer of alcoholic beverages paid...

Shkorpilovtsi: The government terminated concession contract for the sea beach Shkorpilovtsi - north

Wed, 13 Feb 2013 15:33:00 GMT

The government is to terminate unilaterally concession contract with Black sea holidays OOD for the sea beach Shkorpilovtsi -north. The concessionaire did not provide water rescue, which is obligatory under the Law for development of the Black sea coast ...

The average monthly salary in Bulgaria - near EUR 415 for December 2013

Wed, 13 Feb 2013 15:31:00 GMT

The average monthly salary in Bulgaria rose by 4.4% month-on-month to BGN 812 in December. In the fourth quarter of 2012 the average monthly salary totalled BGN 789, up by 8.5% compared to a year earlier. In the October-December period, the average sala...

Sofia: ABB Group reorders its organizational structure - merged units in Varna, Sevlievo and Rakovski

Tue, 12 Feb 2013 11:09:00 GMT

ABB Group has merged its Bulgarian corporate units in order to improve the synergy of the processes and activities, as well as of the functions and policies. This adjustment is also leading to the centralization and optimization of the organizational struc...

Sofia: Sofia Hilton Hotel would be sold

Wed, 13 Feb 2013 03:48:00 GMT

The Hilton hotel in Sofia would be sold, announced the exclusive deal consultant - US-based Lang LaSalle Hotels & Hospitality Group. The group`s message says that the 5-star hotel located in the Sofia `s center has 245 rooms. So far, the Hilton w...

Bigest French tour-operators come to Bulgaria to probe the opportunities for cultural and historical tourism

Fri, 08 Feb 2013 13:18:00 GMT

France`s 6 biggest tour operators are expected to come to Bulgaria in April to probe the opportunities for cultural and historical tourism that the country offers. This became clear from a statement of Mr. Blagoy Ragin, Chairman of the Bulgarian Associat...

Plovdiv: German Mecalit redirects its clients towards its Plovdiv-based factory

Fri, 08 Feb 2013 13:14:00 GMT

German Mecalit, which opened a factory near Plovdiv in September 2012, redirects its Southern European clients towards the Plovdiv-based capacity. The reason the German company to invest nearly EUR 7.5 million via its Bulgarian subsidiary is that the inv...

Targovishte: In Q4 of 2013 Trakya Cam will launch second production line in Targovishte

Thu, 07 Feb 2013 16:08:00 GMT

Trakya Cam, the flagship company of Turkish glassmaker Sisecam, will launch flat glass manufacturing from the second production line at its Bulgarian plant by the fourth quarter of the year. The second line at the company’s Bulgarian glass plant, located...

Bratsigovo: The government terminated concession for the mineral water spring in Bratsigovo

Thu, 07 Feb 2013 13:04:00 GMT

Bulgaria’s government has terminated the 35-year concession on a mineral water spring at the Bratsigovo site granted to local company First Financial. The concession contract was cancelled due to First Financial’s failure to fulfil key obligations under ...

TV and media group "Bulgaria on air" in partnership with Bloomberg

Tue, 05 Feb 2013 11:03:00 GMT

Bulgaria`s business TV and media group Bulgaria on air and the US giant for business and finance news Bloomberg announced they have inked a contract for partnership. Under its terms the leading global business and finance channel Bloomberg Television becom...

Varna: The South Stream gas pipeline will enter in Bulgaria south from Varna through the beach of Pasha Dere

Tue, 05 Feb 2013 10:54:00 GMT

The South Stream gas pipeline will enter Bulgarian territory through the beach of Pasha Dere . Laying the pipes that will be about 20 km south of Varna will start as of the third quarter of 2013, Deputy District Governor Plamen Manushev said on Monday. ...

4 major telecoms are candidates to buy Bulgarian mobile operator Globul

Mon, 04 Feb 2013 13:07:00 GMT

4 major telecoms companies are competing to buy Bulgarian mobile operator Globul in a deal expected to be worth about EUR 700 M. Globul is controlled by OTE, Greece`s biggest telecoms operator, which plans to sell its Bulgarian unit as well as satellite un...

Litex Commerce wants to expand its business towards Greece

Mon, 04 Feb 2013 13:02:00 GMT

The biggest player in the sugar business in Bulgaria - "Litex Commerce" shows interest in expansion of its business towards Greece. Now the company is a candidate for purchase of the sole producer of sugar in Greece. The Bulgarian company handed out one ...

Rousse: German car parts manufacturer builds new factory in Ruse

Fri, 01 Feb 2013 10:40:00 GMT

" German company dealing with the production of car parts WITTE Automotive intends to build a factory in the city of Ruse ," stated Plamen Stoilov - mayor of city of Ruse . Representatives of the company have already presented their project before the l...

Varna: Picadilly purchases business of its competent - Varna chain Mandarin

Wed, 30 Jan 2013 11:15:00 GMT

Owner of stores Picadilly-the Belgian Delhaize Group purchases business of its competent Varna chain Mandarin. The deal is for separate shops, not for the brand or the whole company. 8 sites, located both in Varna and Sofia are to be transferred, whi...

Actavis Inc began trading on the New York Stock Exchange

Wed, 30 Jan 2013 11:12:00 GMT

Watson Pharmaceuticals Inc, Actavis EAD and Actavis Operations mother Company accepted Actavis Inc. as its new global name and began trading on the New York Stock Exchange under the new symbol - ACT. The company has started a long-term campaign for re-br...

EUR 1 million increase in interest rates on deposits of individuals and business loans in Bulgaria

Wed, 30 Jan 2013 11:10:00 GMT

Data of the Bulgarian National Bank (BNB) for December shows up to EUR 1 million increase in interest rates on deposits of individuals and business loans. This has interrupted the trend of a steady decline in interest rates which characterized 2012. Wh...

Stara Zagora: Activity of Stara Zagora Airport is to be restored

Fri, 25 Jan 2013 10:38:00 GMT

Stara Zagora Airport’s activity is to be restored. After a decree of the Council of Ministers from December 21, 2012 the airport is ownership of Ministry of the economy. From the beginning of May looking for the most appropriate investor is to start. The...

The referendum in Bulgaria: 60% supported the project for a new nuclear power plant

Mon, 28 Jan 2013 10:31:00 GMT

The first national referendum in Bulgaria’s democratic history was held at an expectedly low voting activity. About 20% of the eligible electorate cast of vote. According to Gallup International, the ratio between the “Yes” and “No” votes is 3:2. The dat...