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Latest Business News from Bulgaria

bulgaria-romania-join-outcry-against-varying-food-quality-in-the-eu-03-07-2017
08 Mar 17

'Double Standards' in Food Products Alarms Bulgaria, Romania

Bulgaria and Romania have joined an outcry against multinational food companies, accused of selling lower quality products in Eastern Europe compared to those offered in the Western supermarkets.

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.

Premium

bulgaria-stands-to-gain-from-eu-gazprom-deal-04-19-2017
19 Apr 17

Bulgaria Stands to Gain from EU-Gazprom Deal

Deal easing restrictions on gas sales between EU member states and offering better prices could be a big win for Bulgaria - though some fear the country will not make the most of the changes.

15 Mar 16

Bulgaria Gains from Drive to Woo Investors

01 Sep 14

New Bulgaria Bank Crisis Threatens Confidence

Politics and Society

bulgarian-bikers-join-putin-s-wolves-on-a-soviet-victory-ride-04-27-2017
27 Apr 17

Bulgarian Bikers Join Putin’s ‘Wolves’ on Soviet Ride

Ten Bulgarian bikers will join Russian President Vladimir Putin’s favourite motorcycle club, the Night Wolves, on their ‘Victory Road’ trip, following the Soviet Red Army’s route to Berlin.

26 Apr 17

Balkan States Suffer Decline in Media Freedom

Culture and Lifestyle

protected-status-of-bulgarian-historical-town-questioned-03-30-2017
31 Mar 17

Town's Move to Lose 'Protected' Status Shocks Bulgarians

An attempt by the authorities in the 'museum town' of Koprivshtitsa to do away with its 'protected' status has horrified many Bulgarians, starting with the country's President.