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Question marks remain over Bulgarian nomination of European Commissioner

By   /  21/02/2017  /  BG Politics, Bulgaria, Politics  /  Comments Off on Question marks remain over Bulgarian nomination of European Commissioner

  More than a month and a half since Bulgaria has had no European Commissioner, it remains unclear when a candidate commissioner will be named, and who that nominee will be. The vacancy was created on January 1 when the resignation of Bulgaria’s Kristalina Georgieva, who had been vice-president in charge of the EU budget […]

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Sofia – Istanbul rail link set to return as reconstruction on Turkish side completed

By   /  20/02/2017  /  Uncategorized  /  Comments Off on Sofia – Istanbul rail link set to return as reconstruction on Turkish side completed

  The railway link between Bulgaria’s capital Sofia and Turkey’s largest city Istanbul is set to return after the completion of reconstruction on the Turkish side, some months after Bulgaria completed the upgrade of the section between Plovdiv and the Kapikule border point. Turkey began its upgrade of the 292km section of railway line in […]

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FDI in Bulgaria in 2016 was 682.8M euro

By   /  17/02/2017  /  BG Business, BG Finance, Bulgaria, Business, Finance, Headlines  /  Comments Off on FDI in Bulgaria in 2016 was 682.8M euro

  Foreign direct investment in Bulgaria in 2016 stood at 682.8 million euro, the equivalent of 1.5 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on February 17. In 2015, FDI was 1.69 billion euro, but the original amount reported by BNB last year was 1.57 billion […]

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InvestBulgaria Agency projects 400 million leva investment and creation of 6000 jobs in 2017

By   /  15/02/2017  /  BG Business, Bulgaria, Business, Headlines  /  Comments Off on InvestBulgaria Agency projects 400 million leva investment and creation of 6000 jobs in 2017

  Bulgaria may expect to see investments of 400 milllion leva (about 204 million euro) with the potential to create 6000 jobs in 2017, according to a forecast by the state’s InvestBulgaria Agency based on applications for investor certificates. The agency said on February 15 that interest among investments was again directed towards the country’s […]

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Audit finds irregularities in more than 100 public procurements by Bulgaria’s Defence Ministry

By   /  14/02/2017  /  BG Politics, BG Social, Bulgaria, Headlines, Politics, Social  /  Comments Off on Audit finds irregularities in more than 100 public procurements by Bulgaria’s Defence Ministry

An audit has found irregularities in more than 100 public procuremens by the Ministry of Defence, Bulgaria’s caretaker Defence Minister Stefan Yanev said on February 14. On January 30, caretaker Prime Minister Ognyan Gerdzhikov gave his Cabinet ministers two weeks to complete check-ups of all their ministries, a few days after taking over from the […]

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Bulgaria’s exports in 2016 were 2.6% higher than 2015 – NSI

By   /  09/02/2017  /  BG Business, Bulgaria, Business, Headlines  /  Comments Off on Bulgaria’s exports in 2016 were 2.6% higher than 2015 – NSI

Bulgaria’s exports in 2016 were 2.6 per cent higher than in 2015, but exports to non-EU countries dropped by 5.9 per cent and the overall trade balance was negative, the National Statistical Institute (NSI) said on February 9. In 2016, the total value of all goods exported from Bulgaria to both EU and non-EU countries […]

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Bulgarian exports to EU rose 6.8% y/y in January – November 2016, but trade balance negative

By   /  08/02/2017  /  BG Business, Bulgaria, Business, Headlines  /  Comments Off on Bulgarian exports to EU rose 6.8% y/y in January – November 2016, but trade balance negative

Bulgaria’s exports to other European Union countries in January to November 2016 were 6.8 per cent higher than in January – November 2015, the National Statistical Institute (NSI) said on February 8, citing preliminary data. Exports from Bulgaria to other EU member states in January – November 2016 added up to 28 707.3 million leva, […]

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Bulgarian consumer confidence increased in January 2017 – NSI poll

By   /  07/02/2017  /  BG Business, BG Social, Bulgaria, Business, Headlines, Social  /  Comments Off on Bulgarian consumer confidence increased in January 2017 – NSI poll

Confidence among Bulgarian consumers was 2.5 percentage points higher in January 2017 than it was in October 2016, the National Statistical Institute (NSI) said, reporting the findings of a regular three-monthly survey. Among Bulgaria’s urban population, consumer confidence was up by 3.3 percentage points while among the rural population, the increase was 0.6 percentage points, […]

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Bulgarian carriers irked by repeated delays at border checkpoint with Turkey

By   /  06/02/2017  /  BG Social, Bulgaria, Headlines, Social  /  Comments Off on Bulgarian carriers irked by repeated delays at border checkpoint with Turkey

Bulgaria’s union of international carriers has lashed out at the country’s authorities over repeated long delays at the Kapitan Andreevo border checkpoint with Turkey, as February 6 saw the fourth day of queues stretching several kilometres. The carriers’ union’s Yordan Arabadzhiev put the blame at the door of Bulgarian authorities and said that the customs […]

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Bulgaria’s best customers for wine exports are Poland and Australia

By   /  03/02/2017  /  BG Business, Bulgaria, Business, Headlines  /  Comments Off on Bulgaria’s best customers for wine exports are Poland and Australia

Bulgaria’s best customer for exports of its wine is – among EU countries – Poland, while among non-EU countries, the best customer is Australia. This emerges from figures for 2011 to 2015, released by Bulgaria’s National Statistical Institute (NSI). Among EU member states, Poland bought more than 70 million litres of wine from Bulgaria. Far […]

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