Bulgaria News

Bulgaria has lowest alcohol, tobacco, restaurants, hotels and clothing prices in EU

Price levels of consumer goods and services in Bulgaria in 2016 were the lowest in the European Union, at less than half of the EU average, the bloc’s statistics agency Eurostat said on June 15...

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Hotel Revenues Up By Almost 17% YoY

In April 2017, 1 965 accommodation establishments - hotels, motels, camping sites, mountain chalets and other establishments for short-term accommodation with more than 10 bed-places were functioned in the country...

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Bansko registers 10% growth in summer tourism every year

The municipality of Bansko registers a 10% increase of summer tourism every year, mayor Georgi Ikonomov told FOCUS Radio’s Good Morning Bulgaria...

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Bulgarian Exports To Third Countries Increased By 22.1% In The Period January-April 2017

In the period January - April 2017 Bulgarian exports to third countries increased by 22.1% in comparison with the corresponding period of the previous year and amounted to BGN 5 653.2M...

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European Comission Approves EUR 86.6M For Sofia Subway Line 3

The European Commission (EC) has approved another EUR 86.6 million from the European Regional Development Fund to finance further construction works on the western part of Line 3 of the underground in Sofia, according to a EC press release...

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World Bank: Bulgaria’s GDP Growth This Year At 3%

The World Bank’s June 2017 Global Economic Prospects report sees Bulgaria’s growth as ending at three per cent in 2017, followed by 3.2% in 2018 and 3.3% in 2019, Independent Balkan News Agency reported...

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Fitch Ratings revises Bulgaria’s outlook from stable to positive

Fitch Ratings has revised Bulgaria’s outlook to positive from stable while affirming the sovereign’s long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB-‘...

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Minister Nikolina Angelkova: 'Government Expects 10% Increase In The Number Of Foreign Tourists In Bulgaria This Summer'

The government expects an up to 10% increase in the number of foreign tourists in Bulgaria this summer, Tourism Minister Nikolina Angelkova told FOCUS Radio’s Good Morning Bulgaria...

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"Silk Road" photo exhibition opens in Bulgaria

A photo exhibition "Silk Road: A New Outlook" opened on Tuesday at Sofia University in Bulgarian capital...

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China's Huawei To Help Bulgaria Become EU Leader In IT Services

China's telecom giant Huawei would help Bulgaria to become a leader in IT services in the European Union (EU), said Guo Ping, the company's rotating and acting CEO said on Tuesday...

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3.4% Economy Growth In Q1 Of 2017

In the first quarter of 2017, the gross domestic product (GDP) has increased with 3.4% compared to the same period in 2016, and with 0.8% compared to Q4 in 2016, shows the data of the National Statistic Institute (NSI)...

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China says modern-day Silk Road will be "project of the century"

China's Xi Jinping says the plan to build a modern-day Silk Road will be the start of a new "golden age" of globalisation...

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ZTE to provide IT solutions for luxury property project in Bulgaria

Bulgarian Development Holdings Ltd.(BDHL) has teamed up with Chinese telecom equipment maker ZTE Corp for a 1.5 billion euro ($1.6 billion) entertainment and commercial complex near Sofia, BDHL said on Sunday...

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Hotel Accommodations Increased By 5.5% In March

In March 2017, the overnight stays in hotels are altogether 782.6 thousand or by 5.5% more than in March 2016, points the data from the National Statistical Institute (NSI)...

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Bulgaria Attracted Record Number of Tourists from Abroad Last Year

‘’An enormous amount of work has been done with record results. More than 8.2M tourists from abroad visited Bulgaria’’, said Minister of Tourism Nikolina Angelkova at the 105th session of the World Tourism Organization held in Madrid...

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PM Borisov Expects Over 4,5% Economic Growth For 2018

The Bulgarian Prime Minister Boyko Borisov claimed that Bulgaria has a potential to reach an 4,5% economic growth and even more, reported BNR...

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Bulgarian Economy to Grow 3.9% in 2017 - EBRD Experts

In 2017 Bulgaria's economy will grow 3.9 per cent, according to the CEE Banking Outlook strategic analysis presented at the EBRD 2017 Annual Meeting held in Cyprus...

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NSI: Bulgarian Exports To Third Countries Rise 20.1% Y/y In Q1

Bulgaria’s exports to third countries grew by 20.1% year-on-year to BGN 4.24 billion  in the first quarter of 2017, the National Statistics Institute said...

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Minister Nikolina Angelkova: We Expect 10% Growth In Tourism In Summer

"We expect growth of nearly 10% in the summer again this year", Minister of Tourism Nikolina Anglekova told journalists, quoted by FOCUS News Agency...

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Lowest Unemployment Index In Bulgaria Since 2009

Eurostat marks the level of unemployment across the 28 EU member-states in March this year went down to 8%, which was at its lowest since January 2009. The overall number of unemployment Europeans dropped by no less than 1 647 million on March 2016...

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