The average wage in Bulgaria during the second quarter of 2010 is up nearly 9% year on year, according to data published by the National Statistics Institute (NSI) Monday. Compared to the first quarter of 2010, salaries went up by 3.4% to reach BGN 640 a month on average. The largest wage increase in June, [...]
Bulgaria’s export to non-EU countries grew by 44.1% in the first half of 2010 year-on-year, according to preliminary data of the National Statistical Institute. Thus, in January-June 2010, Bulgaria exported outside the EU goods and services worth a total of BGN 5.4 B. Over 50% of the Bulgarian non-EU exports went to Turkey, Serbia, Russia, [...]
The Bulgarian Minister of Transport has announced that the country will request a loan from the World Bank for helping the Bulgarian State Railway Company BDZ. The Bulgarian private TV channel bTV has reported that there have been negotiations with the president of the President of the World Bank, Robert B. Zoellick, for a loan needed for [...]
Bulgaria’s unemployment rate dropped down to 9.53% in May 2010, according to data made public by Labor Minister Totyu Mladenov. According to official government statistics, after hitting a peak of 10.3% in February, the highest value since the beginning of the economic crisis at the end of 2008, the number of unemployed in Bulgaria has [...]
The Lyulin Highway will be ready by May 15, 2011, making it Bulgaria’s first completed highway, promised Regional Development Minister Rosen Plevneliev. Plevneliev announced Monday that the government had reached an agreement with the Turkish company Mapa Cengiz, which is building the Lyulin Highway, and that if the firm fails to meet the deadline, it [...]
The Italian Institute for Foreign Trade and the Italian Embassy in Sofia announce the launch of the Italian Festival in Bulgaria. The festival is held between May 30 and June 11 and aims at highlighting goods made in Italy – furniture, lighting, clothing, shoes, jewelery, automobiles, food and beverages. The program includes the debut in [...]
New rules for applying the Law for Encouraging Investments were proposed on Friday by the Bulgarian Minister of Economy, Energy and Tourism, Traycho Traykov. Traykov told BNR that his proposal, which is available on the Ministry’s website, provides for the first time the opportunity for state subsidies for priority investments – up to 10% for [...]
The Bulgarian Communications Regulation Commission (CRC) has opened a contest for the operation of what will be the country’s public service DTT multiplex, the regulator announced on Friday. The future operator of the multiplex, which will distribute the digital programs of the national state-owned television BNT and radio BNR, will receive a permit for 15 [...]
US company Pharmaceutical Product Development (PPD), Inc., has announced the opening of a pharmacovigilance and medical communications center in Sofia, Bulgaria. The center will deliver PPD’s full range of drug safety, medical information and medical writing services to meet growing client demand, the company announced as cited by Business Wire. The Sofia facility of PPD [...]
The required years of service for retirement are going up by 3 years for men and women, effective July 1, 2011, Bulgaria’s Labor and Social Policy Minister, Totyu Mladenov, announced Wednesday. The retirement age, however, will not change, as previously considered by the cabinet and will remain 60 for women and 63 for men. By [...]
World Bank President Heaps High Praise on Bulgarian Govt
Bulgarian State Companies with New Orders for Bank Selection
World Bank President Robert Zoellick Heads for Bulgaria
Bulgaria Consolidates Control of Finance, Customs, Tax Authorities
Average Wage in Bulgaria Up 9% Q2 Y/Y
Bulgaria with Staggering Export Growth to Non-EU States in 2010 H1
Bulgarian State Railroads to Request Loan from World Bank
