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Latest Business News from Bulgaria

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.

croatia-s-industrial-production-growth-biggest-in-eu
15 Jul 15

Croatia Cheered by Rise in Industrial Production

Croatia's industrial production grew by 2.6 per cent in May, the fastest growth of industrial production in the EU, according to the EU statistics agency Eurostat.

region-carefully-brace-for-greek-referendum-results
06 Jul 15

Balkan States Weigh Impact of Greece’s ‘No’

Officials in the Balkans are weighing up the potential impact of the Greek referendum result on their countries amid warnings that a deepening of the crisis could damage economies in the region.

romania-backs-new-gas-pipeline-project
22 May 15

Romania, Bulgaria Back New Gas Pipeline

Four ex-communist countries have signed a declaration of support for the construction of a gas pipeline across all four states that will ease dependence on energy coming from Russia.

balkan-countries-sign-gas-pipeline-agreement
23 Apr 15

Balkan Countries Sign Gas Pipeline Agreement

Bulgaria, Greece and Romania are planning the construction of a new gas corridor in order to reduce dependence on Russian energy deliveries.

western-balkans-lag-in-structural-reforms-imf-says
11 Mar 15

Balkan Economies Falling Behind, IMF Warns

The Western Balkan are lagging behind other former Communist transitional countries and need to complete the transformation process that began two decades ago, an IMF report says.  

world-bank-cuts-croatian-gdp-growth-predictions
14 Jan 15

World Bank Revises Croatia's GDP Growth Down

In more bad news for the struggling centre-left government, the World Bank has altered its earlier forecast of Croatia’s GDP growth in 2015, cutting it from 1.2 to 0.5 per cent.

croatia-limping-at-eu-frontend
07 Jan 15

Croatia Falling Behind in EU, Statistics Show

New data from Eurostat have no good news for Croatia, whose economy is falling behind that if its EU counterparts in almost all fields.

montenegro-drops-in-forbes-business-ranking
18 Dec 14

Montenegro Drops in Forbes Business Ranking

Montenegro has dopped down four places in this year’s Forbes magazine’s list of 'best countries for business,' ranking in 48th place out of 146 surveyed states, although it remains above several EU member states.

no-economic-recovery-in-sight-for-croatia-and-serbia
18 Dec 14

Raiffeisen Gloomy About Croatia, Serbia Economies

Regional analysis conducted by Raiffeisen bank says the economies of Serbia and Croatia saw no growth in 2014 and will not do much better in 2015 - while the outlook for other countries is somewhat brighter.

crime-and-corruption-left-a-100-billion-hole-in-balkan-economies
16 Dec 14

Illicit Outflows Rob Balkan Economies of $100bn

A study by Global Financial Integrity, GIF, says illicit money outflows robbed Balkan countries of the equivalent of more than 100 billion dollars during the last decade.

purchasing-power-in-region-far-below-eu-average
12 Dec 14

Albania and Bosnia Lag in Europe GDP Table

Albania and Bosnia have the lowest GDP per capita of 37 European countries examined, while Bulgaria is the EU's poorest country, the bloc’s statistics office, Eurostat, said on Thursday.

balkan-countries-mourn-south-stream-halt
02 Dec 14

Russian Pipeline Halt Raises Concern in Balkans

Russia’s decision to scrap its South Stream gas pipeline has caused concerns in Serbia, Bulgaria and Macedonia about whether they will miss out on promised energy benefits.

macedonia-borrows-more-money-for-rail-link-to-bulgaria
28 Nov 14

Macedonia Borrows Again for Bulgaria Rail Link

With work on the first section of the link now in progress, Macedonia is to borrow 145 million euro for the second stretch of its long-awaited rail connection to Bulgaria.

Politics and Society

migrant-woman-and-child-freeze-to-death-in-bulgaria-02-08-2016
08 Feb 16

Two Female Refugees Freeze to Death in Bulgaria

A woman and a teenage girl have been found dead near the Bulgarian border with Turkey and another 15 refugees have been hospitalised with hypothermia after being rescued in the mountains. 

Culture and Lifestyle

ring-in-the-new-year-balkan-style-12-31-2015
31 Dec 15

Ring in the New Year Balkan Style

New Year’s Eve in the Balkans means music, fireworks, food, and more music in city squares under the stars.