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Latest Business News from Bulgaria

18 Jan 08 / 06:44:54

Russia and Bulgaria Agree Gas Deal

Sofia _ Bulgaria and Russia will each have a 50% share in the planned South Stream gas pipeline on Bulgarian territory under a deal reached on Friday.

17 Jan 08 / 05:24:36

Bulgaria Hit by Labour Shortage

Sofia _ Bulgaria’s economic growth is likely to be slowed down this year by a shortage of labour, managers of some of the country’s biggest human resources companies said at a conference on Tuesday.

15 Jan 08 / 11:30:02

Bulgaria Stops Electricity Exports

Sofia _ Bulgaria has halted electricity exports for at least a week because of an emergency caused by an exceptionally cold spell at home.

14 Jan 08 / 10:56:37

Russia-Bulgaria Row over Pipeline

Sofia _ The US has given its backing to Bulgaria’s demand that it should hold the majority of shares in the joint company with Russia that will control the South Stream gas pipeline on Bulgarian territory.

21 Dec 07 / 06:25:31

EBRD To Clean up Bulgarian Water

London _ The European Bank for Reconstruction and Development, EBRD, is to lend €11.4 to improve the antiquated water supply system in Bulgaria’s second largest city, Plovdiv.

14 Nov 07 / 08:29:00

US Diplomat Criticizes Bulgaria Over Gambling Tax

Sofia _ Bulgaria’s budget for 2008 shows evidence of political protection for shady businesspeople, US Ambassador John Beyrle said in a interview on local TV channel bTV Wednesday morning.

24 Oct 07 / 08:35:00

Bulgaria and Romania See FDI Surge in 2006

Sofia_Bulgaria was a regional leader in foreign direct investment, FDI in 2006, according to the World Investment Report 2007 published by the United Nations Conference on Trade and Development, UNCTAD.

19 Oct 07 / 08:35:00

Bulgaria Inflation Hits New High

Sofia _ Bulgaria’s annual inflation rate accelerated in September to reach 13.1 per cent – along with Latvia, by far the highest in the EU.

25 Sep 07 / 08:41:00

Sky Europe to Link Bulgaria to 11 EU Cities

Sofia_ Low-cost airline Sky Europe is to launch new direct flights from Bulgaria to 11 European cities in October 2007, Bulgarian media reported on Monday.

19 Sep 07 / 04:36:00

Work on Danube Bridge to Accelerate

Sofia _ Bulgarian Prime Minister Sergei Stanishev and his Romanian counterpart, Calin Popescu-Tariceanu, have confirmed their support for the speedy construction of a second Danube bridge connecting their countries.

31 Aug 07 / 03:10:00

Bulgarian PM Cites Mid-term Successes

Sofia _ A progress report outlining the government’s successes midway through Prime Minister Sergey Stanishev’s four-year term focused Friday on Bulgaria’s strong economic indicators.

23 Jul 07 / 05:11:00

Bulgarian Property Prices Continue to Rise

Sofia _ Bulgarian apartment prices rose by an average of 5.4 percent in the second quarter of 2007, the National Statistical Institute reported on Monday.

07 Jun 07 / 14:32:00

Bulgaria Must Maintain Economic Growth, IMF Official Says

Sofia _ Bulgaria must continue to pursue a sensible fiscal policy and maintain its macroeconomic stability, a senior International Monetary Fund official said Thursday.

06 Jun 07 / 14:09:00

Floods, Heavy Rains Damage Property in Southern Bulgaria

Sofia_ Torrential rains over Bulgaria in the last 24 hours have caused flooding and damage to property and roads in the southern part of the country.

21 May 07 / 13:50:00

Bulgaria: GERB Narrowly Wins Ballot for EU Assembly

Sofia_ The newly-founded party Citizens for the European Development of Bulgaria, GERB, emerged as the surprise winner in Bulgaria’s first election for the European parliament, following a close race on Sunday, according to preliminary results provided by Central Elections Committee on Monday.