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Latest Business News from Bulgaria

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.

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.

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.

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.

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.

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.

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. 

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.

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.

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.

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.

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.

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. 

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.

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. 


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

27 Oct 16

NATO Boosts Eastern flank to Reassure Nervous Allies

The Western alliance has taken a significant step towards upping defensive capacities along its entire eastern flank amid growing concerns about Russia.

Culture and Lifestyle

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