Bulgaria has done a wonderful job in meeting Schengen criteria and must join the free movement area as soon as possible, stated Luxembourg PM Jean-Claude Juncker, who is on a visit to Bulgaria Wednesday. In Varna, Juncker met his Bulgarian counterpart Boyko Borisov to discuss Bulgaria’s perspectives as an EU member, as well as bilateral [...]
Plovdiv, Bulgaria‘s second largest city, is in the focus of the festivities in the country as it celebrates the 126th anniversary since its unification. A solemn retreat starting 20:30 local time on Tuesday will be the culmination of the celebrations in the city, the bTV private channel has informed. The holiday is also marked with [...]
The name of the actual buyer of the State-owned cigarette-maker monopoly Bulgartabac is going to be revealed very soon, Economy and Energy Minister, Traicho Traikov, promised. Speaking Saturday from the Black Sea city of Varna, Traikov, however, stressed that the most important issue was who the investor is, not the buyer. He added that there [...]
Georgi Angelov, Senior Economist with the Open Society Institute – Sofia,argues that the ESM and the Pact for the Euro are a real burden for the poorer EU member states and they significantly decrease their incentives to join the Eurozone. The background In the first decade of the existence of the euro, there was a [...]
China views Bulgaria as a reliable partner in Europe and within the EU, Gen. Xu Caihou, member of the Central Committee of the Chinese Communist Party, told Bulgarian President Georgi Parvanov in Sofia. Xu, who is on a three-day visit in Sofia as part of a Chinese Communist Party (CCP), has also thanked Bulgaria for [...]
I cannot see the eurozone risking a second recession, stated Luxembourg PM and Eurozone President Jean-Claude Juncker on an official visit to Bulgaria Wednesday. “The truth is that growth in the eurozone has slowed down, but that is due to external factors and does not warrant a new recession,” said the Eurozone president. He nevertheless [...]
Bulgaria has dropped three places to 74th in a yearly economic competitiveness ranking of the World Economic Forum. The 2011-2012 Global Competitiveness Report (GCR) covers 142 world economies, according to an announcement of the Center for Economic Development, a Bulgarian non-governmental think tank. Bulgaria’s downgrading is due to low scores on goods market efficiency, technological [...]
Bulgaria’s economy performed slightly better in the second quarter than was originally estimated, according to seasonally adjusted data of the National Statistical Institute. Latest NSI data released Tuesday indicated that Bulgaria’s GDP grew by 0.3% in the second quarter of 2011 compared with the first quarter – an improvement compared with the 0.1% growth for [...]
For the last 2 months Bulgaria’s National Revenue Agency has caught up on BGN 80 M of uncollected revenues, according to director Krasimir Stefanov. Up to now, the Agency has registered that it is some BGN 600 M behind in the collection of revenue, compared with values mandated by Bulgaria’s state budget. Speaking for the [...]
The Swedish brand H&M, Hennes & Mauritz AB, known across the globe for its fashion retail for women, men and teens, is opening its first store in Bulgaria in March, 2012. The store is going to be located in one of the top business hubs in the country – the shopping center The Mall in [...]
Bulgaria Has Europe’s 2nd Highest Share of Females among Senior Executives
China’s Great Wall Motors Opens Plant in Bulgaria Tuesday
UNESCO Chief Opens Intangible Cultural Heritage Center in ‘Proud’ Bulgaria
1st Japanese Player Enters Bulgarian Football
Lukoil Bulgaria to Present Detailed Report on Fuel Pricing Policy
Sofia Nevsky Cathedral Marks 130 Years of 1st Stone Laying
Bulgaria’s Tourism Industry Looks Forward to Successful Summer
