Bulgarian Business Club Newspaper

Archive for the Category ‘Business’

Sofia Airport’s Terminal 2 Celebrates 5 Millionth Handled Baggage

Sofia Airport’s Terminal 2 Celebrates 5 Millionth Handled Baggage

Bulgaria’s Sofia Airport has handled the 5 millionth baggage of a departing passenger from its Terminal 2. The airport’s EDS baggage handling system checked the 5 millionth baggage of a departing passenger from Terminal 2 at approximately 2:30 pm on Wednesday, according to Sofia Airport‘s official website. The system was installed in 2006, when Terminal [...]

Bulgaria’s GDP Up by 1.6% Q3 2011 Y/Y

Bulgaria’s GDP Up by 1.6% Q3 2011 Y/Y

Bulgaria’s Gross Domestic Product at current prices reached a little over BGN 21 M in the third quarter of 2011, according to the country’s National Statistical Institute. According to the institute’s seasonally adjusted data, the GDP growth rate in the third quarter of 2011 was 0.3% compared with the second quarter of 2011 and 1.6% [...]

Negotiations Resume on Day 13 of Bulgaria’s Railways Strike

Negotiations Resume on Day 13 of Bulgaria’s Railways Strike

Negotiations on bringing an end to the workers strike at the troubled State-owned Railway Company BDZ Holding are resuming Tuesday as the strike entered its 13th day. Passenger and freight trains will be, once again, halted between 8 am and 4 pm. Transport Minister, Ivaylo Moskovski, is joining the talks. Over the weekend, the BDZ [...]

Fashion Brand H&M to Launch 1st Store in Bulgaria

Fashion Brand H&M to Launch 1st Store in Bulgaria

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 Opens Repaired Section of Danube Bridge 1

Bulgaria Opens Repaired Section of Danube Bridge 1

The repaired Bulgarian section of Danube Bridge 1 between the city Ruse and Romania‘s Giurgiu was opened Saturday by Prime Minister, Boyko Borisov. The bridge is the only one existing on the Danube to connect Bulgaria and Romania, for which the Bulgarian government has allocated BGN 1.7 M. Borisov was accompanied at the ceremony by [...]

IKEA to Attract 1.5 M Visitors during 1st Year in Bulgaria

IKEA to Attract 1.5 M Visitors during 1st Year in Bulgaria

The first Bulgarian store of the Swedish furniture giant IKEA aims at attracting over 1.5 million visitors during the first year after its opening. The information was announced by the Greek Fourlis company, which has the IKEA franchise rights for Bulgaria. The first IKEA store is located on the capital Sofia‘s beltway and is scheduled [...]

Bulgaria’s 2011 Grain Yield Said to Be Better Than Last Year’s

Bulgaria’s 2011 Grain Yield Said to Be Better Than Last Year’s

Bulgaria’s grain yield in 2011 will even be slightly better than it was in 2010, the Agriculture Ministry has indicated. Thus, Bulgaria’s wheat output is expected to reach 4.1 million tons in 2011, up from 4 million in 2010, while the barley yield is forecast to reach 6.7 million tons. “We will have more wheat [...]

Bulgarian Truck with Contraband Cigarettes Busted in Italy

Bulgarian Truck with Contraband Cigarettes Busted in Italy

Italian authorities have captured a Bulgarian truck with a large amount of contraband cigarettes in the Adriatic port of Ancona. A total of 5.5 tons of illicit cigarettes were found in the truck, which arrived on a ferry boat from Greece. The smuggled goods were hidden under frozen fish in the refrigerating compartment of the [...]

Bulgarian-Croatian Consortium to Construct Hemus Highway Section

Bulgarian-Croatian Consortium to Construct Hemus Highway Section

The section of the Hemus Highway connecting it to the Sofia beltway will be built by a Bulgarian-Croatian consortium called Hemus A2. The 8.5 km section of Hemus, the highway linking Sofia and Varna through Northern Bulgaria, is seen as crucial for unloading the heavy traffic in Sofia’s suburban area. The Hemus A2 consortium was [...]

Bulgaria Opens Bids for Struma Highway Lot 1

Bulgaria Opens Bids for Struma Highway Lot 1

The bids, which were submitted for a section of the future Struma Highway, connecting Sofia to the border with Greece, will be opened on Thursday, the road infrastructure agency announced. A record number of bidders – 19 – applied with offers to build Lot 1 of the Struma Highway – including companies from Bulgaria, Italy, [...]

Advertisement