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Latest Business News from Bulgaria

heating-supply-crisis-troubles-sofia-citizens-02-08-2017
09 Feb 17

Heating Failures Leave Bulgarian Capital Cold

Failures in the central heating supply have left around of half of the population of the capital, Sofia, in the cold – without knowing when the problem will be resolved.

russia-eyes-reviving-gas-projects-in-bulgaria-02-03-2017
03 Feb 17

Putin Eyes Renewing Energy Projects With Bulgaria

Russian President Vladimir Putin has signalled that he ready to revive gas projects with Bulgaria - despite the Kremlin's disappointment over the failure of the South Stream pipeline back in 2014.

bulgaria-serbia-put-high-hopes-on-joint-pipeline-01-19-2017-2
20 Jan 17

Bulgaria, Serbia Voice High Hopes About Gas Pipeline

Ministers of Bulgaria and Serbia have agreed a gas interconnector should become fully operational by 2020, helping both countries reduce their dependency on Russian energy.

bulgaria-s-largest-industrial-hub-mulls-importing-workers-12-06-2016
06 Dec 16

Bulgaria’s Industrial Hub Appeals to Foreign Workers

Major industrial enterprises in the region of Plovdiv, Bulgaria’s second-largest city, want to hire at least 5,000 workers but lack qualified candidates and plan to recruit ethnic Bulgarians from abroad.

bulgaria-russia-agree-on-debt-reduction-over-belene-nuclear-project-10-26-2016
26 Oct 16

Bulgaria, Russia Agree to Cut Belene Debt Bill

Russia's Atomstroyexport has agreed to write off the interest that Bulgaria owes on its debt for the Belene project - if Bulgaria pays off its obligations in full by December 15.

bulgaria-romania-still-hope-canada-lifts-visas-10-24-2016-1
24 Oct 16

Bulgaria, Romania Still Hope Canada Lifts Visas

While a Belgian region holds up the EU’s CETA deal with Canada, Romanians and Bulgarians hope to end visa requirements with Canada regardless of the outcome.

bulgaria-approves-state-aid-to-cover-debt-to-russian-nuclear-firm-09-21-2016
21 Sep 16

Bulgaria MPs Back Repaying Russian Nuclear Firm

Bulgarian MPs have backed a bill that allows the state budget to cover debts of over 0.6 billion euros owed by Bulgaria’s state electric company NEC to Russia’s Atomstroexport - but Brussels needs to give its approval.

shadow-economy-thriving-in-the-balkans-experts-warn-09-03-2016
05 Sep 16

'Shadow' Economy Thriving in Balkans, Study Shows

New survey blames high rate of people working in hidden economy in Balkan region on mistrust in state institutions - and unfair tax systems that penalise those on low incomes.

tourism-in-bulgaria-set-to-hit-a-record-this-summer-08-30-2016
31 Aug 16

Tourism in Bulgaria Set For Record Summer

After 4.5 million tourists visited Bulgaria between January and July, which is 16.9 per cent more than in the same period in 2015, minister predicts best tourism year ever.

bulgarian-court-denies-extradition-to-suspected-wall-street-fraudster-07-15-2016
15 Jul 16

Bulgarian Court Blocks Alleged Fraudster's Extradition

A Bulgarian court has blocked the extradition of Nedko Nedev, wanted in the US for market manipulation and insider trading, on the grounds that he has schizophrenia.

political-talks-revive-cancelled-belene-nuclear-project-in-bulgaria-07-14-2016
15 Jul 16

Bulgaria Deputy PM Backs Restarting Belene Project

After being ordered to pay compensation of over half a billion euros to Russia’s Atomstroyexport for nuclear equipment, Bulgarian politicians are considering restarting the abandoned nuclear power project in Belene. 

bulgaria-to-join-a-new-transport-route-from-iran-07-11-2016
12 Jul 16

Iran Invites Bulgaria to Join New Transport Route

Bulgaria's Prime Minister, on a visit to Iran, said Tehran had asked Bulgaria to join a new transport route running from the Persian Gulf to the Black Sea, bypassing Turkey.

bulgaria-to-bid-for-selling-russia-produced-nuclear-reactor-06-20-2016
21 Jun 16

Bulgaria Seeks Buyers for Nuclear Reactor

Bulgaria's Prime Minister said selling the existing equipment of the incompleted new nuclear power plant at Belene was the best option for the country.

bulgaria-to-pay-half-million-to-russian-nuclear-company-06-17-2016
17 Jun 16

Bulgaria To Pay Half Billion to Russian Nuclear Company

International court ordered Bulgaria to compensate a Russian nuclear firm for over a half billion euros in damages.

bulgarian-state-to-fund-indebted-municipalities-05-25-2016
26 May 16

Bulgaria Bails Out its Indebted Municipalities

As local authorities in Bulgaria sink under the weight of their debts, the government plans to offer them interest-free loans to help them recover financially.

Premium

turkish-deal-fails-to-dim-bulgaria-s-gas-ambitions-10-13-2016
14 Oct 16

Turkish Deal Fails to Dim Bulgaria’s Gas Ambitions

Bulgaria remains convinced it can become the gas distribution hub for the Balkans - despite Turkey’s own, more advanced, plans. 

15 Mar 16

Bulgaria Gains from Drive to Woo Investors

01 Sep 14

New Bulgaria Bank Crisis Threatens Confidence

Politics and Society

bulgarian-romanian-migration-to-uk-hits-a-record-despite-brexit-02-23-2017
23 Feb 17

Bulgarian, Romanian Migration to UK Hits Record High

While immigration overall to the UK dropped to its lowest for the past two years in 2016, the number of Romanians and Bulgarian migrants to Britain reached an all-time high of 74,000 people. 

Culture and Lifestyle

shutdown-rumours-repopularise-sofia-s-oldest-cinema-02-14-2017
15 Feb 17

Shutdown Rumours Repopularise Sofia’s Oldest Cinema

False rumours that the oldest cinema in the Bulgarian capital was about to be shut down have brought it hundreds of new visitors, sparking hopes of a revival of its glory days.