The allowed fishing of turbot in the Black Sea for Bulgaria was lowered by 2 tons by the European Commission. The 2010 quota will be 48 tons, down from the currently allowed 50 tons (100 for Bulgaria and Romania together), but this is still much more lenient than the previous EC proposal for a reduction [...]
The European Commission has sent a warming letter to Bulgaria over concerns about the environmental impact assessments made in the Rila Mountains in Bulgaria prior to the development of ski resorts there. In a separate development the Commission has decided to take Spain to Court for its ongoing failure to provide 174 Natura 2000 sites [...]
The European Union has confirmed that in the bloc’s 2010 budget EUR 75 M will be allotted to Bulgaria for the closure of Soviet-designed reactors 1 to 4 at Bulgaria’s Kozloduy nuclear power plant. The decision was confirmed after after an all-day meeting of the European Parliament and the Council of the European Union regarding [...]
The European Commission has unblocked part of hundreds of millions of euros in EU funding for Bulgaria under PHARE program, which were suspended last year for the country’s failure to adequately tackle corruption. This emerges from a letter from the European Commission Enlargement Directorate to Bulgaria’s Finance Minister Simeon Djankov. Bulgaria has been allowed to [...]
After a year and a half delay, Sofia airport can now boast it is ready to apply the regulations, which will stem from the country’s official membership in the Schengen area, scheduled for 2011 at the earliest. The most noticeable changes for passengers will be that they will no longer have to pass through customs [...]
The Bulgarian Casino Technology company has received an honorary award from the international competition Annual Gambling and Technology Awards. The competition is organized by the US Global Gaming Business magazine, the highest media authority in the gambling industry. The eight annual edition awards were divided in 4 categories and were bestowed to the winners during [...]
China and its markets present huge potential opportunities that the Bulgarian rose oil industry should take advantage of. This was stated Friday by Bulgaria’s Deputy Agriculture Minister, Tsvetan Dimitrov, after he met with representatives of the Political Consulting Council of Shanghai. Dimitrov announced that currently only 1% of Bulgaria’s rose oil export went to China. [...]
Mutual funds have purchased 23,1% of the capital of Slantse Stara Zagora Tabac, the Bulgarian Stock Exchange (BSE) reported Friday, cited by pari.bg The four collective investment schemes acquired 272 140 shares in the tobacco processing and cigarette making factory in the southern city of Stara Zagora. The Real Finance Balance Fund and Real Finance High-Yield [...]
Bulgaria’s Finance Minister, Simeon Djankov, exposed Sunday a staggering corruption scheme with hearing aid devices of the former administration of the Labor Ministry. Djankov said the Ministry bought hearing aids from a Bulgarian firm for BGN 408 each. Upon inspection it turned out that the firm had imported the devices from China for the price [...]
Bulgaria’s agriculture grew by 3% in the previous quarter, which makes it the only economy sector with growth amidst the economic crisis. This National Statistical Institute data was cited Sunday by Agriculture Minister, Miroslav Naydenov, as an argument against the suggested hike of hard liquor excise. On Thursday, the Parliamentary Budget Committee increased on second [...]
World Bank President Heaps High Praise on Bulgarian Govt
Bulgarian State Companies with New Orders for Bank Selection
World Bank President Robert Zoellick Heads for Bulgaria
Bulgaria Consolidates Control of Finance, Customs, Tax Authorities
Average Wage in Bulgaria Up 9% Q2 Y/Y
Bulgaria with Staggering Export Growth to Non-EU States in 2010 H1
Bulgarian State Railroads to Request Loan from World Bank
