Latest News

Vitosha Blvd In Bulgaria’s Sofia Ranks World's 54th Most Expensive Retail Location 

Vitosha Boulevard in Bulgaria’s capital Sofia ranks 54th among the 65 most expensive retail locations in the world, according to Cushman & Wake field’s 2015/2016 report  M ain Streets Across the World...

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Foreign Investment Into Bulgaria Tops EUR 1 B In Jan-Sept

Bulgaria has attracted some EUR 1.1 B in foreign direct investment over the first three quarters of this year, data from the Bulgarian National Bank (BNB) has suggested...

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Three Bidders Vie For Bulgaria’s Vivacom

Three potential buyers have placed binding bids for Bulgaria’s Vivacom by Thursday’s deadline, Sofia-based Capital weekly reported...

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Bulgaria’s GDP Grows 2.2% Y/Y In Q3 - Flash Estimate

Bulgaria’s Gross Domestic Product (GDP) grew by 2.9% year-on-year in the third quarter, according to a flash estimate of the National Statistical Institute released on Friday...

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Ukraine’s Wind Rose To Start Regular Flights From Kiev To Bulgaria’s Sofia

Regular passenger flights between the capital cities of Bulgaria and Ukraine will resume soon, Ukraine’s Infrastructure Minister Andrei Pivovarsky said on Friday...

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France’s Total To Start Drilling Off Bulgaria Coast In Feb-May 2016

French company Total said on Wednesday that it will start drilling for oil and gas off Bulgaria’s Black Sea coast between February and May next year...

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Bulgaria’s Sept Industrial Production Index Rises 0.6% Y.Y

Bulgaria’s industrial production index rose by 0.6% year-on-year in September but was 1.1%  lower compared with August, the National Statistical Institute (NSI) has announced...

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IMF Projects Moderate Growth For Bulgaria In 2015

Exports and absorption of European Union (EU) funds will support moderate economic growth in Bulgaria this year, broadly in line with last year’s level of 1.7%, the IMF has said...

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Bulgaria’s VM Finance Group Wins Most Outstanding Family Business In CEE Award

Bulgarian entrepreneurs Vassil and Alexandra Mirchevi, owners of VM Finance Group, have won the Most Outstanding Family Business in Central and Eastern Europe Award of Vienna-based Gutmann Bank...

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Bulgaria Aims To Boost Brand Awareness Of Its Tourism Sector

Bulgaria’s Tourism Ministry is focused on making the country “a year-round destination and among the top destinations in Europe,” Tourism Minister Nikolina Angelkova has said...

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Moody’s: Bulgaria’s Banking Sector Is On Slow Path To Recovery After 2014 Crisis

Constantinos Kypreos, Vice President – Senior Credit Officer at Moody’s Investors Service, argued that the Bulgarian banking system is on a slow path to recovery after the crisis experienced with the collapse of Corporate Commercial Bank (KTB) in 2014...

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Bulgarian Banks Jan-Sept Profit Up 32% Y/Y

Commercial banks in Bulgaria posted BGN 795 M net profit for the first nine months of 2015, an increase of 32% year-on-year and 7% above the figure for the whole of 2014, the central bank has said...

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Building Permits, Construction Starts Increase In Bulgaria In Q3

Activity in Bulgaria’s construction sector is picking up, official figures showed on Monday...

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Bulgaria's Energy Watchdog Cuts Power Prices For Businesses

The Bulgarian energy regulator KEVR announced Sunday it was lowering a \"duty to society\" surcharge on power prices for industrial consumers...

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Bulgaria's FinMin Reports Budget Surplus Of BGN 621.5 M At End Of September

The Finance Ministry of Bulgaria reported a budget surplus of BGN 621.5 M at the end of September, which represents 0.7 % of projected GDP...

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Maritsa Becomes Bulgaria's Third Fully Completed Motorway

Maritsa motorway in Bulgaria is now fully completed after the section between Orizovo and Dimitrovgrad was officially launched on Thursday...

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Bulgaria's Poverty Line Set To Increase To BGN 300 In 2016

The official poverty line in Bulgaria is set to increase to BGN 300 in 2016...

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Record Number Of Wineries Represent Bulgaria At Megavino Wine Fair In Brussels

A record number of wineries represents Bulgaria at this year's edition of the largest wine event in the Benelux – Megavino, which takes place in Brussels between October 23 and 26...

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Bulgaria’s End-August Gross Foreign Debt Falls 10% From End-2014

Bulgaria’s gross foreign debt totalled EUR 35.4 B at the end of August, equivalent to 82.2% of the estimated 2015 GDP, the central bank said on Monday...

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Bulgaria C-Bank Picks Ernst & Young As Auditor To Audit Its Books

UK-headquartered multinational Ernst & Young has been selected by the Bulgarian National Bank to become its international auditor for 2015-2017, the institution has announced...

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