The British Bulgarian Chamber of Commerce (BBCC) has marked its UK relaunch with a unique lunch meeting in London, the organization announced. Thirty members and friends of the BBCC assembled for a lunch meeting at the Royal Garden Hotel, Kensington High Street, in London on Wednesday, April 25, to mark the UK relaunch of the [...]
Bulgaria’s authorities are striving to absorb up to EUR 2 B for transport and infrastructure from the EU funding slated for the country for the 2007-2013 financial programming period, Transport Minister Ivaylo Moskovski has stated. Moskovski told students at the Sofia University of Architecture, Construction, and Geodesy on Wednesday that 1/3 of the total funding [...]
The natural gas interconnection pipeline between Bulgaria and Turkey, which is to allow the former to receive gas supplies from Azerbaijan, will be completed by 2014. This has been promised by Bulgarian Economy, Energy, and Tourism Minister Delyan Dobrev, who spoke on BNR Saturday, after returning Friday from a state visit inAzerbaijan together with Bulgarian PM Boyko Borisov. “We took an important step [...]
Bulgaria’s software company Telerik announced the acquisition of NimblePros, a US service provider of custom software solutions and training. “Over the last few years, Telerik has built a solid working relationship with Michelle and Steve Smith and the NimblePros team,” said Vassil Terziev, co-CEO of Telerik. “Formally making them a part of the Telerik family was a natural next step.” The entire NimblePros team, including founders Steve and Michelle Smith, will [...]
Bulgaria’s business climate has improved by 3.2% in April in comparison with the previous month, according to surveys carried out by the country’s National Statistical Institute. The business climate indicator in industry increased by 1.8% compared to its level in March which is due to the shifting of managers’ assessments about the present business situation of the enterprises from “satisfactory” to [...]
Chinese investors are interested in the concession of Bulgaria’s largest Black Sea port, Port Varna, announced China’s Ambassador to Bulgaria, H.E. Guo Yezhou. Ambassador Guo was in Varna Wednesday, where he announced that Chinese companies could participate in the concession of Port Varna, after meeting withVarna Mayor Kiril Yordanov. His Excellency stressed that the topic about Port Varna is always on the agenda of the bilateral meetings of [...]
Bulgaria’s PM Boyko Borisov and EU Council President Herman Van Rompuy have inaugurated the new section of the Sofia Metro, which was massively funded with EU money. Together with Bulgarian Transport Minister Ivaylo Moskovski, EU FundsMinister Tomislav Donchev, and Sofia Mayor Yordanka Fandakova, Borisov and and Van Rompuy opened the 2.4 km section of the first line of the Sofia Metro. The new section links the one operational line from the [...]
Bulgaria‘s jobless rate in will continue to increase in 2012 as the economy hovers on the brink of its second recession in three years in the wake of the slump in theeuro zone, analysts have warned. The unemployment rate stood at 11.5% last month with the total number of people who are unemployed towering to 376 171, up by 10,000 over the previous month, [...]
A dispute among the shareholders of Turkcell, the biggest Turkish mobile-phone company, blocks important decisions and delays the expected acquisition of Bulgarian incumbent telco BTC, according to reports. The Turkish company is believed to be the most likely buyer of the Bulgarian company, which operates under the brand name Vivacom, after putting in a bid of over EUR [...]
Bulgarian consumers‘ sentiments continue to trend downwards as prices of staple foods hit record highs, a survey shows. There was no hope for higher incomes among Bulgarians in the first quarter of 2012, while fuel prices remained the main factor for inflation, according to a poll, conducted by market research institute GfK. Consumers are afraid that the prices [...]
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