Bulgarian Business Club Newspaper

Archive for ‘February, 2011’

Bulgaria’s Grigor Dimitrov Out of Dubai Tennis Tournament

Bulgaria’s Grigor Dimitrov Out of Dubai Tennis Tournament

Bulgaria’s top male tennis player Grigor Dimitrov has dropped out of the prestigious USD 1.6 M Dubai Duty Free Tennis Championship in UAE. The 19-year-old Bulgarian tennis star entered the main draw, but was defeated in the first round by Richard Gasquet from France, who currently ranks 31st in the world. For participating in the [...]

Bulgarians to Rock with International Stars at New Festival

Bulgarians to Rock with International Stars at New Festival

Bulgaria’s brand new festival for pop and rock music, Elevation, will have its first edition in June and will be staged in the southwestern town of Razlog. At a press conference on Thursday, the organizers announced that Elevation 2011 will take place on June 24-25 and will feature international and Bulgarian musicians. The headliners will [...]

Bulgarian Council Refuses to Award Prosecutors on Key Cases

Bulgarian Council Refuses to Award Prosecutors on Key Cases

Bulgaria’s Supreme Judicial Council (VSS) has rejected the proposal of Sofia City prosecutor Nikolay Kokinov for awarding four of his subordinates, who had worked on key trials. Kokinov has proposed prosecutors Roman Vasilev, Bozhidar Dzhambazov, Margarita Nemska and Neli Zlatkova to be awarded with a diploma for their good work on two of the key [...]

Sisecam CEO Ahmet Kirman: Bulgaria Needs Different Incentives for Large-Scale Foreign Investment

Sisecam CEO Ahmet Kirman: Bulgaria Needs Different Incentives for Large-Scale Foreign Investment

The factory will make automatic and non-automatic side windows and heated back windows with an annual capacity of 1.3 million square meters and a turnover of USD 20 M at full capacity. This is the fifth manufacturing facility of the Turkish glass giant in Bulgaria through its, after the factory for household glass, launched in [...]

Bulgaria Writes Off 77% of Zambia’s Debt

Bulgaria Writes Off 77% of Zambia’s Debt

Bulgaria‘s government decided on Wednesday to waive USD 6.3 M or 77% of Zambian debt, which has not been serviced in the past 20 years. The remainder of Zambia’s debt – a total of USD1.886 M will be paid in four installments within one year, the Sofia-based cabinet said. Should the Zambian government fail to [...]

Bulgarian FinMin Focuses on ‘Financial Stability Pact’, Leaves Euro Bid Aside

Bulgarian FinMin Focuses on ‘Financial Stability Pact’, Leaves Euro Bid Aside

Bulgaria‘s Finance Minister Simeon Djankov plans to dedicate all of his efforts to the passing of Constitution amendment guaranteeing stable state finances, known as the “Financial Stability Pact.” The measures termed “Financial Stability Pact” were first announced by Djankov on February 8 at a lecture at the New Bulgarian University in Sofia following the US [...]

World Bank Vows Support for Bulgarian Infrastructure

World Bank Vows Support for Bulgarian Infrastructure

The World Bank will continue to support the development of Bulgaria’s infrastructure, its Director for Central Europe and the Baltic countries, Peter Harrold, stated in Sofia Wednesday. Harrold, who met with Bulgaria’s Prime Minister Boyko Borisov, has guaranteed that the International Financial Corporation, the member of the World Bank Group that finances and provides advice [...]

Bulgaria Opens Public Debate on Financial Stability Pact

Bulgaria Opens Public Debate on Financial Stability Pact

Bulgaria‘s government plans to begin next week a public debate on proposed constitutional amendments designed to bolster and guarantee the country’s financial stability, the finance minister has said. “With these measures we want to show the Bulagrian citizens, the Europeans and the world that Bulgaria will be the country with the most stable financial and [...]

Bulgarian Summer Resort Albena Expects 20% More Germans

Bulgarian Summer Resort Albena Expects 20% More Germans

The Bulgarian Black Sea resort Albena is expecting a 20% increase of German tourists this summer, in comparison to last year. Yovka Strashilova, Deputy Director in the Sales Department in the resort, said that last year the number of German tourists in Albena were 16% more than the previous year. She has explained the increased [...]

Ideal Standard Completes Merger of Bulgarian Subsidiaries

Ideal Standard Completes Merger of Bulgarian Subsidiaries

The two affiliates of Ideal Standard International that operate in the Bulgarian town of Sevlievo were formally merged in one company, officials have announced. The merger between Ideal Standard Bulgaria and Ideal Standard Vidima was completed on January 31, 2011, company executives announced at a news conference in Sofia. The merger was originally supposed to [...]

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