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Latest Business News from Bulgaria

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.

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.

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

commissioner-fears-slovenia-aliens-act-may-influence-balkans-01-16-2017
17 Jan 17

Balkan States ‘Could Emulate Slovenian Law Curbing Refugees’

Nils Muiznieks, the Council of Europe's Commissioner for Human Rights, warns that Slovenia’s proposed new Aliens Act will likely cause an unwelcome 'domino effect' along the Balkan refugee route.

09 Jan 17

Blizzards and Flu Epidemics Grip Balkans

09 Jan 17

New Bulgarian Party Vows to 'Break System'

Culture and Lifestyle

bulgarians-listen-to-classics-thanks-to-copyright-war-01-04-2017
05 Jan 17

Bulgarians Listen to Classics Thanks to Copyright War

A bitter dispute over fees with the Bulgarian copyright society has forced the national radio to play only music produced before 1945 – and some listeners are quite happy about it.

28 Dec 16

Ringing in 2017, Balkan-style

27 Dec 16

Crafty Ideas for Holidays Around the Region