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 [...]
The Commission on Protection of Competition rejected the appeal of the National Transport Axes Association to stop the construction of the lot 2 section of the Trakiya Highway. The association has submitted an appeal, claiming that the procedure for choosing a supervising company for the project has been flawed. National Transport Axes Assoc. have submitted [...]
Almost 50% of the Bulgarians between 15 and 34 years of age are unemployed, and most of them do not even seek jobs, according to the National Statistical Institute. About 1 028 000 Bulgarians aged between 15 and 34 are economically active, which is 54.5% of the total number of the above-mentioned age group in [...]
The Bulgarian State Railroad Company, BDZ, introduces on Friday a new, faster train to connect the capital Sofia and the Black Sea city of Varna. The Sofia-Varna train will travel only on Fridays while the one from Varna only on Sundays. The train will have two stops only – in Pleven and Gorna Oryahovitsa. In [...]
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
