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Latest Business News from Bulgaria

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.

bulgarian-ccb-bank-was-drained-by-its-owner-investigation-says-05-04-2016
05 May 16

Tycoon Accused of Plundering Bulgaria’s CCB Bank

A report on the bankruptcy of Bulgaria's Corporate Commercial Bank accused its former owner Tsvetan Vasilev of acquiring over 1.2 billion euros of the bank’s assets through firms connected to him.

bulgaria-sets-major-arm-companies-for-privatization-04-10-2016
11 Apr 16

Bulgaria Socialists Oppose Sale of Arms Firms

Bulgaria's opposition Socialist Party has condemned the planned privatization of two major arms firms on the grounds of their strategic importance to the country. 

first-bulgaria-romanian-pipeline-to-start-operation-in-august-04-06-2016
07 Apr 16

Bulgaria-Romania Gas Pipeline to Open in August

An Austrian company will complete the remaining 2.1 km of a long-anticipated gas interconnector that will help the energy diversification of the two Balkan countries.

chinese-companies-eye-on-bulgaria-for-major-investments-04-05-2016
06 Apr 16

Bulgaria Eyes Key Role on China's 'Silk Road'

Bulgaria has announced two major Chinese investments in Burgas and Plovdiv, boosting hopes that the country may become a distribution hub for Chinese goods in Europe. 

bulgarian-arrested-over-suspected-wall-street-stock-frauds-03-11-2016
11 Mar 16

Bulgaria Arrests Suspected Wall Street Fraudster

Bulgaria has arrested Nedko Nedev, who is wanted in the US over charges of launching fake takeover bids to drive up company share prices, including Avon and Rocky Mountain. 

shell-will-explore-bulgaria-offshore-gas-field-02-23-2016
24 Feb 16

Shell to Explore Bulgarian Offshore Gas Field

Contract signed with the petrol giant to explore the Silistar gas field in the Black Sea forms part of Bulgaria's drive to diversify its energy sources and reduce dependence on Russia.

blockades-of-greek-farmers-cost-bulgaria-over-10-million-02-15-2016
16 Feb 16

Greek Blockades Cost Bulgaria Over €10 million

Bulgarian transport companies are planning to sue Greece for the financial losses they have suffered as a result of the border blockades. 

eu-expects-bulgaria-economy-to-drop-in-2016-02-05-2016
05 Feb 16

Bulgaria's Growth to Fall in 2016, EU Says

Economic growth will fall to 1.5 per cent in 2016 due to a slowdown in EU funds absorption but will pick up in 2017, the European Commission has said in its latest forecast. 

gdp-growth-suggests-bulgaria-economy-recovering-08-14-2015
14 Aug 15

GDP Growth Suggests Bulgaria Economy Recovering

Latest figures confirm that a modest economy recovery is underway in the country.

Premium

bulgaria-gains-from-drive-to-woo-investors-03-14-2016
15 Mar 16

Bulgaria Gains from Drive to Woo Investors

Efforts to make Bulgaria’s business climate more attractive for foreign investors are paying off as FDI levels bounce back, but corruption and judicial reform remain key challenges.

01 Sep 14

New Bulgaria Bank Crisis Threatens Confidence

07 Dec 10

Turkey’s Balkan Shopping Spree

Politics and Society

turkey-demands-visa-free-travel-in-eu-in-talks-with-bulgarian-pm-08-26-2016
26 Aug 16

Turkey Sets Visa-Free Deadline for EU

The Turkish PM told his Bulgarian counterpart to pass on the message that the EU must drop visa requirements for Turkish citizens in October if Brussels wants to send back migrants to Turkey as agreed.

Culture and Lifestyle

insiders-guide-hidden-gems-of-the-balkans-08-14-2016-1
15 Aug 16

Insiders’ Guide: Hidden Gems of the Balkans

Visiting the Balkans this summer? Get off the beaten track and visit some of the region’s lesser-known beauty spots.

05 Aug 16

Balkan Athletes Ready to Wave Flags in Rio