The consumer price index (CPI) in Bulgaria in April 2012 compared to March 2012 was 100.2%, i.e. the monthly inflation was 0.2%. The inflation rate since the beginning of the year (April 2012 compared to December 2011) was 1.6% and the annual inflation in April 2012 compared to April 2011 was 1.7%. The data was reported Monday by the Bulgarian National Statistical Institute (NSI). The annual average inflation, [...]
May 15, 2012 | Posted in
Finance |
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Bulgaria‘s growth continues to slow, mostly reflecting external headwinds, but there is room for optimism due to the expected euro area recovery in the second half of the year, IMF mission chief for Bulgaria has said. “Real GDP growth is projected to reach 0.8% in 2012, which is lower than our previous forecast. Growth is expected to rise moderately [...]
May 15, 2012 | Posted in
Finance |
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Bulgaria has been included for the very first time in The Social Media Bible, a global bestseller by Lon Safko, thanks to Bulgarian PR guru Maxim Behar. Behar has authored the Chapter on Bulgaria in “The Social Media Bible: Tactics, Tools, and Strategies for Business Success”, after the publisher invited him to explain the influence of social media in his native country. A prominent media, communications [...]
May 15, 2012 | Posted in
Business |
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Bulgaria‘s government has gotten Georgia‘s authorities to agree to almost double the number of permits for Bulgarian freighters and transport companies, the Bulgarian Transport Ministry announced. After negotiations, Bulgaria and Georgia have agreed to increase the number of universal freighter permits (which are valid for both bilateral and transit services) from 800 to 1 500. The number of permits for/to a third party [...]
May 15, 2012 | Posted in
Business |
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Retirement age in Bulgaria for males and females will be the same after 2020, according to the Minister of Social Policy and Labor, Totyu Mladenov. Mladenov explained Monday that in 2017 retirement age for men would reach 65 while by 2020 the one for females will be 63, and it will increase, along with the required years of service, by 4 months [...]
May 15, 2012 | Posted in
Business |
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Workers at Bulgaria’s largest non-ferrous metal producer, the Kardzhali Lead and Zinc Complex (OTzK), have sought assistance from Turkish PM Recep Tayyip Erdogan for an end to grievous mismanaged by the factory owner, according to a report in a Turkish news site. OTzK workers have complained that they have not received their salaries for months, and that factory owner Valentin Zahariev has been engaging in a chronic draining [...]
May 15, 2012 | Posted in
Industry |
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Novinite.com (Sofia News Agency) and Novinite.bg are publishing an interview with Bozhidar Dimitrov, a prominent historian, Director of Bulgaria’s National History Museum in Sofia, and a former Minister of Bulgarians Abroad (Diaspora Minister) in the Borisov Cabinet in 2009-2011. Interview by Evelina Ivanova, a freelance journalist. Bozhidar Dimitrov has an impressive resume, a harsh language [...]
May 11, 2012 | Posted in
Interview |
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Bulgaria will become the largest producer of ski in the world by 2013, the industrial manager of Amer Sports Bulgaria Yordan Lambrev announced at the Bulgaria: Business UP investment conference in Sofia. Finnish company Amer Sports bought the ski manufacturing plant in the southern Bulgarian town of Chepelare four years ago, and has invested more [...]
May 11, 2012 | Posted in
Industry |
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Bulgarian EU commissioner Kristalina Georgieva is in her home country to take part Wednesday in festivities marking May 9, Europe Day. Together with President Rosen Pleveneliev, Georgieva will take part in the opening of a public debate ”Bulgaria – Five Years in the EU. Let’s Transfer European Ideas to the University. Is the European Project Exhausted?”. The debate is organized in partnership with the youth [...]
May 11, 2012 | Posted in
Bulgaria-EU |
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Bulgaria notified RAPEX, a European rapid alert system for dangerous products, a total of 162 times in 2011, thus accounting for 10% of all EU notifications. The Balkan country is topped only by Spain (189 notifications, 12%). In 2011, for the first time since the start of the operation of the currentRAPEX system (in 2004), the total number [...]
May 11, 2012 | Posted in
Bulgaria-EU |
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