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
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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
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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
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Many companies who delayed payments to their workers have shortened the period of default to 1-2 months, according to Totyu Mladenov, Minister of Labor and Social Policy. Mladenov’s Thursday statement came after claims of the Confederation of Independent Trade Unions in Bulgaria (CITUB) that companies owed over BGN 1.5 B in unpaid salaries and social security contributions. The Labor [...]
May 10, 2012 | Posted in
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Bulgaria’s unemployment rate saw a minor decline of 0.1 pp in April 2012 compared with March 2012, the Bulgarian Employment Agency announced. A total of 16 out of Bulgaria’s 28 administrative districts have seen negligible drops inunemployment, 4 have retain their rates from March 2012, and 8 have seen an increase in the number of the unemployed. Bulgaria’s employment offices listed a total [...]
May 10, 2012 | Posted in
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In the first two months of 2012, Bulgaria’s exports to the EU exceeded BGN 3.3 B, decreasing by 8.1% from the same period in 2011. In the period January – February 2012, Bulgaria’s imports from EU countries increased by 6.7% on the year to BGN 4.1 B (CIF prices), according to data of theNational Statistical Institute (NSI). Two-thirds of Bulgaria’s exports to the EU went to five countries [...]
May 10, 2012 | Posted in
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Danish no-frills airline Cimber Sterling said on Thursday it has declared bankruptcy after its owners pulled financial support from the company. “Because of this the board of directors has decided to declare the company bankrupt,” Cimber Sterling said in a statement. Cimber Sterling was hit by fierce competition between low-cost carriers and rising costs when it expanded beyond its home [...]
May 6, 2012 | Posted in
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A total of 15 companies have made bids in the tender for the engineering andconstruction of the southwestern Bulgarian highway Struma (running from Sofia to the Greek border), including several unexpected first-timers. The 15 bids for the construction of Lot 2 of the Struma Highway, a 37-km section from the town of Dupnitsa to the city of Blagoevgrad were opened on Friday. The bidders which [...]
May 6, 2012 | Posted in
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The headquarters of the Bulgarian Customs Agency will be moved to the Danube city of Ruse as part of the decentralization plan of the government. The news was reported in the Parliament Friday by Deputy Prime Minister andFinance Minister, Simeon Djankov, cited by Darik radio. Djankov, who is the mastermind of the plan, explained to the Members of the Parliament that institutions will be gradually moved from the [...]
May 6, 2012 | Posted in
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The creditors of Bulgaria’s incumbent telco BTC, which operates under the brand name Vivacom, may be expected to put the company up for sale again no earlier than in one or two years, according to insiders. “The collapse of talks for BTC sale means lenders will have to seek restructuring options for the debt-laden company [...]
May 2, 2012 | Posted in
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