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Latest Business News from Bulgaria

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.

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.

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

turkish-parties-clash-at-commemoration-rally-in-bulgaria-05-19-2016
20 May 16

Bulgarian Turkish Parties Clash at Commemoration

The annual commemoration of the resistance of Bulgarian Turks to assimilation by the former Communist regime turned into a battle between two rival ethnic Turkish parties. 

16 May 16

Bulgaria, Romania Tie EU-Canada Deal to Visas

Culture and Lifestyle

members-of-enrique-iglesias-band-attacked-by-racists-in-bulgaria-05-17-2016
18 May 16

Bulgarian Racists Assault Iglesias Band Members

In an incident that has highlighted Bulgaria’s ongoing problem with hate crimes, band members say they were attacked because of their appearance on the eve of a concert in Sofia.

14 May 16

Three Balkan Singers Bid for Eurovision Crown

02 May 16

Bulgarians Eye Way to Revive Empty Villages

21 Apr 16

Bulgaria Unveils Lost Roman City in Sofia