The combined profit of the major Bulgarian pharmaceutical companies has seen a strong increase of 26% in the first quarter of 2010. Thus, the combined profit of the six Bulgarian pharmaceutical producers listed on the Sofia Stock Exchange – Sopharma AD, Medica AD, Bulgarian Rose – Sevtopolis AD, Momina Krepost AD, Unifarm AD, and Septona [...]
Bulgarian producer prices in the industrial sector rose 5.2% in March on annual basis, National Statistical Institute (NSI) data showed on Friday. On monthly base the inflation is 1.3% compared to February. The most significant increases are registered in the production of metals with 36.2% and tobacco products – with 16.5% y/y. On monthly basis [...]
French company Saint-Gobain Weber started Wednesday the construction of its second factory in Bulgaria. The ground-breaking ceremony for the factory located near Izvorsko village, Aksakovo Municipality, close to Varna, was attended by Bulgaria’s Regional Development Minister Rosen Plevneliev. The second factory to be built by Saint-Gobain Weber in Bulgaria will also be producing dry construction [...]
The Bulgarian machine building factory Dynamo has seen a staggering 300% growth in its orders for the first half of 2010 year-on-year. The boost for the machine plant located in the eastern Bulgarian city of Sliven has come from orders for its “brushless alternator”, type DEA 450, according to the company’s statement issued Thursday. The [...]
Bulgaria’s Privatization Agency hopes to complete the sale of state-owned cigarette monopoly Bulgartabac in 2010. This has been announced by the head of the Privatization Agency, Todor Nikolov, who explained that the privatization procedure for Bulgartabac had reached a phase in which the state is preparing its sale together with the consultant it picked in February, [...]
Over 100 workers in a paper plant in Bulgaria’s town of Kostenets have declared hunger strike over an optimization plan of the management. The specific reason for the strike is the intention of “Paper and Paper Products – Kostenets” Jsc to lay off 24 workers without any compensations, according to a statement of the Confederation [...]
International pharmaceutical company Actavis Group has announced it will sell its major Bulgarian distributor Higia Jsc. Higia Jsc, one of the largest distributors of pharmaceuticals in Bulgaria, was acquired by the Actavis Group in 2005. Higia has been sold to a private investor for an undisclosed amount. “We chose the best offer not only for [...]
Bulgaria’s National Statistical Institute (NSI) has published business climate data for March, showing a slight decrease for the month when compared with the previous month. According to NSI, the overall “business climate indicator” dropped by 0,9% for the surveyed period. Three of the four business sectors surveyed declined, with retail trade being worst affected. The [...]
Over 100 workers in a paper plant in Bulgaria’s town of Kostenets have declared hunger strike over an optimization plan of the management. The specific reason for the strike is the intention of “Paper and Paper Products – Kostenets” Jsc to lay off 24 workers without any compensations, according to a statement of the Confederation [...]
Nikolay Galchev, a Bulgarian building contractor, has announced on Friday that he has bought the Vratsa-based Himko agro-chemical works for an undisclosed sum. The “Galchev Engineering Group” had formally bought out “Novo Himko”, an enterprise that went bankrupt at the end of 2004, some five months ago. Galchev refused to divulge the purchase price, for [...]
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
