Bulgaria is no different than the common trend of decline in the number of reservations for winter vacations, according to the Minister of Economy, Energy and Tourism, Traicho Traikov. Traikov spoke for the media Friday, after being asked to comment on fears of the tourist sector about a decline of bookings from Russian and UK [...]
Bulgaria still wants to join the euro zone despite recent predictions that the single currency will collapse, Traicho Traikov, Bulgaria’s Economy Minister, told CNBC on Thursday. “I know now it’s fashionable to predict the end of the monetary union, but I think common sense will still dominate and it is going to survive. Of course, [...]
The name of the actual buyer of the State-owned cigarette-maker monopoly Bulgartabac is going to be revealed very soon, Economy and Energy Minister, Traicho Traikov, promised. Speaking Saturday from the Black Sea city of Varna, Traikov, however, stressed that the most important issue was who the investor is, not the buyer. He added that there [...]
Bulgaria will hold auctions for a total of six shale gas exploration blocks, said Kristalina Stoykova from the Geological Institute at the Bulgarian Academy of Sciences (BAS). Stoykova heads a scientific group in charge of shale gas research in Bulgaria. In her words, four of the blocks that will be auctioned off are located in [...]
Benjamin Netanyahu arrives on Thursday in Bulgaria, the first visit of an Israeli prime minister to the country for the last two decades. The Israeli delegation will include ministers of finance, telecommunications, construction and civil defense. The visit is at the invitation of Bulgaria‘s Prime Minister Boyko Borisov. In Sofia Netanyahu is scheduled to confer [...]
A newly-discovered natural gas deposit near Lovech in Northern Bulgaria contains 10 billion cubic meters of gas, Bulgaria’s Minister of Economy, Energy, and Tourism announced. Traikov said that Bulgaria will soon be able to extract about 1 billion cubic meters of natural gas per year, or about one-third of its annual consumption. He spoke Tuesday [...]
The Bulgarian government has signed a consulting contract with UK-based company HSBC for the financial analysis for the project for the construction of the Belene nuclear power plant. Bulgaria‘s Cabinet and Prime Minister Boyko Borisov in particular have made it clear that the results from HSBC’s financial appraisal of the Belene project, i.e. whether it [...]
It is no secret for anyone which financial and industrial group bought the assets of the Bulgarian steel mill giant Kremikovtzi, the Bulgarian Economy Minister Traicho Traikov said Friday. This was Traikov’s comment upon being asked by Bulgarian journalists whether a 26 year-old buyer can afford to pay BGN 316 M (nearly EUR 162 M) [...]
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