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Industry Watch: Plovdiv becoming industrial capital of Bulgaria

By   /  03/01/2017  /  BG Business, BG Finance, Bulgaria, Business, Finance  /  Comments Off on Industry Watch: Plovdiv becoming industrial capital of Bulgaria

Plovdiv is increasingly establishing itself as the industrial capital of Bulgaria, according to economists and analysts from the Industry Watch think-tank. In the Trakiya Economic Zone alone, between 70 million and 130 million euro is being invested annually by Bulgarian and foreign companies, and in 2017, businesses in the region will be recruiting more than […]

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Bulgaria’s December 2016 business climate unchanged from November – poll

By   /  30/12/2016  /  BG Business, Bulgaria, Business, Headlines  /  Comments Off on Bulgaria’s December 2016 business climate unchanged from November – poll

A regular poll by Bulgaria’s National Statistical Institute (NSI) has found views of the country’s business climate in December largely unchanged compared with the previous month. In 2016, the NSI surveys found improvements in business sentiment in Bulgaria in January, February and March, a drop in April, and gains in May and June, followed by […]

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Bulgaria moves to reform law on managing Black Sea beaches ‘to improve quality of tourist service’

By   /  28/12/2016  /  BG Business, BG Finance, Bulgaria, Business, Finance  /  Comments Off on Bulgaria moves to reform law on managing Black Sea beaches ‘to improve quality of tourist service’

Bulgaria’s outgoing Cabinet approved on December 28 amendments to the Black Sea Coast Spatial Planning Act that, if approved, would change the system for classification of beaches. The amendments have been proposed by Bulgaria’s Tourism Ministry. They are intended to enable the grouping and classification of beaches according to their geographical features – in the […]

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FDI in Bulgaria in January-October 2016 was 942M euro

By   /  16/12/2016  /  BG Business, Bulgaria, Business, Headlines  /  Comments Off on FDI in Bulgaria in January-October 2016 was 942M euro

Foreign direct investment in Bulgaria in the first 10 months of 2016 stood at 942 million euro, the equivalent of 2.1 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on December 16. In the same period of 2015, FDI was 1.75 billion euro, but the original amount […]

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Large Bulgarian tour operator files for bankruptcy

By   /  13/12/2016  /  BG Business, Bulgaria, Business, Headlines  /  Comments Off on Large Bulgarian tour operator files for bankruptcy

Bulgarian tour operator Alfatour, described as one of the largest in the country, has filed for insolvency on December 13, sparking a row with its insurance company. Alfatour blamed the Arab Spring revolutions in Egypt and Tunisia, as well as bomb attacks in Turkey, for the loss of its “main destinations that account for 80 […]

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Bulgaria’s exports to non-EU countries drop 10.6% y/y in January – October 2016

By   /  12/12/2016  /  BG Business, Bulgaria, Business, Headlines  /  Comments Off on Bulgaria’s exports to non-EU countries drop 10.6% y/y in January – October 2016

Bulgaria’s exports to non-EU countries were 10.6 per cent lower in January to October 2016 than in January – October 2015, the National Statistical Institute (NSI) said on December 12, citing preliminary figures. The country’s exports to non-EU countries added up to 11 973 million leva in January to October 2016, the NSI said. Among […]

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Bulgaria’s exports to other EU countries up 6% y/y in January – September 2016

By   /  09/12/2016  /  BG Business, Bulgaria, Business, Headlines  /  Comments Off on Bulgaria’s exports to other EU countries up 6% y/y in January – September 2016

Bulgaria’s exports to other European Union countries in January to September 2016 were six per cent higher than in January – September 2015, the National Statistical Institute (NSI) said on December 9, citing preliminary data. Bulgaria’s exports to other EU countries in the first nine months of 2016 added up to 23 034.5 million leva, […]

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Bulgarian business climate improves in November 2016 – poll

By   /  28/11/2016  /  BG Business, Bulgaria, Business, Headlines  /  Comments Off on Bulgarian business climate improves in November 2016 – poll

A regular monthly poll by Bulgaria’s National Statistical Institute (NSI) has found a slight improvement in November 2016, resulting from more optimistic opinions among managers in the industry and retail trades. In 2016, the NSI surveys found improvements in business sentiment in Bulgaria in January, February and March, a drop in April, and gains in […]

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FDI in Bulgaria in January-September 2016 was 1.27B euro

By   /  16/11/2016  /  BG Business, Bulgaria, Business, Headlines  /  Comments Off on FDI in Bulgaria in January-September 2016 was 1.27B euro

Foreign direct investment in Bulgaria in the first nine months of 2016 stood at 1.27 billion euro, the equivalent of 2.8 per cent of the gross domestic product (GDP), statistics from the Bulgarian National Bank (BNB) showed on November 16. In the same period of 2015, FDI was 1.61 billion euro, but the original amount […]

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Bulgaria, Slovakia gas grid operators to co-operate on gas hub project

By   /  04/11/2016  /  BG Business, BG Energy, BG Finance, Bulgaria, Business, Energy, Finance  /  Comments Off on Bulgaria, Slovakia gas grid operators to co-operate on gas hub project

The gas grid operators of Bulgaria and Slovakia signed a memorandum of understanding that envisions the two companies, Bulgartransgaz and Eustream, working together on “improving the security of gas deliveries” in Central and Eastern Europe, in particular the two major gas infrastructure projects championed by their respective governments – the Balkan gas hub and the […]

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