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Current date: 2013-12-10 11:04
Varna municipality is located in North-Eastern Bulgaria in Varna District. The Municipality consists of 14 cities and villages. The regional center of Varna municipality is City of Varna.
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Business: ABB Group reorders its organizational structure - merged units in Varna, Sevlievo and Rakovski
City of Sofia >> Tuesday, 2013-02-12 11:09
Source: Construction City
ABB Group has merged its Bulgarian corporate units in order to improve the synergy of the processes and activities, as well as of the functions and policies. This adjustment is also leading to the centralization and optimization of the organizational structure. ABB will now operate in Bulgaria through one company with the head office in the capital Sofia , having offices and branches in five locations. The ABB production units in the country are located in Petrich for low voltage products, in Sevlievo ...
News: The South Stream gas pipeline will enter in Bulgaria south from Varna through the beach of Pasha Dere
City of Varna >> Tuesday, 2013-02-05 10:54
The South Stream gas pipeline will enter Bulgarian territory through the beach of Pasha Dere . Laying the pipes that will be about 20 km south of Varna will start as of the third quarter of 2013, Deputy District Governor Plamen Manushev said on Monday. In order not to impede tourists and locals who want to enjoy the beach of Pasha Dere , construction works will be carried out during the winter months. The process is refined in such a way, so that it will not interfere the several endangered species ei...
Business: Picadilly purchases business of its competent - Varna chain Mandarin
City of Varna >> Wednesday, 2013-01-30 11:15
Owner of stores Picadilly-the Belgian Delhaize Group purchases business of its competent Varna chain Mandarin. The deal is for separate shops, not for the brand or the whole company. 8 sites, located both in Varna and Sofia are to be transferred, while the rest two are to continue to operate under their present brand. On the retail market, there were no acquisitions from almost three years now. Via the deal Picadilly is to grow by already working sites, instead of through search of new ones and thei...
Business: Holding Varna acquired 2 hotels of bankrupt tour operator Alma Tour
City of Varna >> Friday, 2013-01-04 11:10
Holding Varna Plc, part of the Chimimport Group, officially acquired two hotels of bankrupt tour operator Alma Tour. The holding said it is the new owner of the Atlas Hotel in the Golden Sands summer resort and the Astera Bansko Hotel (the new name of the Templar Hotel) in the ski resort of Bansko . The two hotels were acquired by subsidiary companies of the holding - MS Food Varna and Kanisto-Mati, which covered the outstanding debts of Alma Tour to UniCredit Bulbank , Central Cooperative Bank (CCB) ...
Properties: Property developer Orchid Developments has secured extension on the EUR 97.6 million credit
City of Varna >> Tuesday, 2012-10-02 13:25
UK-listed Bulgarian-focused property developer Orchid Developments has secured extension on the EUR 97.6 million credit borrowed for the multi-use complex Grand Mall in the Bulgarian city of Varna . Under the new terms of the credit, extended by European banking consortium led by OTP and MKB Group, the payment of the principal, amounting to EUR 2.4 million, due for the period from July 2012 to June 2013 will be suspended unless the company`s cash flow is sufficient to make the payment. The principal wi...
Transport: Bulgaria expects BGN 1 bn from 10 concessions in transport
Municipality Varna >> Monday, 2012-06-25 16:34
Bulgaria expects BGN 1 bn from 10 concessions in transport. 10 transport infrastructure facilities have been concessioned so far. According to estimates, the State will collect proceeds of over BGN 1 bn from these. Among the concessioned facilities are the two airports in the cities of Varna and Burgas . The two airports have gathered speed and have actually started to implement their investment programme, including new runways and two terminals that are under construction. " We are preparing procedure...
News: German investors interested in BG transport infrastructure
City of Varna >> Friday, 2012-04-20 10:22
German investors are highly interested in transport infrastructure. Bulgaria`s largest seaport offered for concession - Port Varna - is also an investment focus for German business, German ambassador Mathias Hoepfner said in Varna yesterday. According to him, linguistic training also plays an important role, as the graduates of the German language high school in Varna will be able to continue their education in Germany without entrance exams.
Properties: Tender for the Landmark Centre Varna is cancelled
City of Varna >> Monday, 2012-04-09 11:04
Source: Capital Daily
Richard Macdonald, owner of Landmark Centre Varna, announced that he has cancelled the tender for the real estate scheduled for 21 March as he was currently negotiating with buyers a price higher than the initial cost that would be offered on the tender - EUR 6.7 million. Landmark Bulgaria Park was pledged as security against an investment loan from Eurobank EFG of EUR 6.9 million in 2006.
Transport: Ports of Vidin, Ruse and Burgas included in project for core transport network in EU
Town of Vidin >> Sunday, 2012-04-01 11:08
" The ports in Vidin , Ruse and Burgas are included in the project for the core transport network in Europe, " said Georgi Genchev, Director General of the state -owned Bulgarian Ports Infrastructure Company in Varna . This means that they will become major logistics and transport hubs of Europe. The construction of the road and rail infrastructure connecting the hubs from the core network will be a priority....
Business: bauMax opens new hypermarkets in Varna and Ruse
City of Varna >> Friday, 2012-03-23 14:04
Austrian do-it-yourself chain bauMax said on Tuesday it opened two hypermarkets in Bulgaria - one in the port city of Varna and the other one in Ruse , on the Danube. The company invested around 10 million euro in each store, bauMax said in a statement. The new stores have an area of 12,000 square metres each and employ a total of 210 people. " Over the last five years we have invested over 100 million euro in Bulgaria. So far, we have created over 600 jobs and we intend to make them thousan...                    >>
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