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Economics & Business News and Articles related to Bulgaria
Current date: 2009-11-20 11:50

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Bulgaria is beautiful small country situated in south-eastern Europe. Learn more about Administrative Territorial Division of Bulgaria - regions, districts, municipalities, cities and villages.
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Business: Toy retailer Jumbo opens new shop in Plovdiv
City of Plovdiv >> Wednesday, 2009-11-18 11:03
Source: Dnevnik.bg
Greek toy retailer Jumbo will cut the ribbon on its second Bulgarian store at the end of November, the company said on its website, without providing further details. According Dnevnik daily, the new shop is sited at the outskirts of city of  Plovdiv , close to an existing supermarket of German chain Metro Cash & Carry. It will have a built-up area of over 13,000 square metres and will have a 650-car parking lot. Jumbo unveiled its firts Bulgarian store on Sofia `s Bulgaria boulevard, sha...

Business: Lead-zinc ore Dimov Dol near Rudozem was restored
Bulgaria >> Tuesday, 2009-11-17 02:00
Source: Pari Daily
The extraction of lead-zinc ore from Dol Dimov, near Rudozem , was restored since the beginning of this month, said the mine concessionaire Rudmetal JSC. It was suspended exactly a year ago because of the collapse of the prices of lead and zinc on the international markets. Levels fell from about USD 4000 per ton to under USD 1000 and made the production inefficient, said Mitko Mladenov, executive director of Rudmetal JSC. The company had to lay off about 200 workers. The partial recovery of prices at ...

Business: Odessos Shiprepair Yard Varna registered 42% slump in turnover
City of Varna >> Monday, 2009-11-16 08:20
Source: pari.bg
Net profit for the period tumbled 12-fold to BGN 832,000 Odessos Shiprepair Yard Varna registered a 42-percent slump in turnover year on year, the consolidated report of the company for the first nine months of 2009 shows. The total operating income stood at BGN 22.8 million at the end of September. Net profit for the period tumbled 12-fold to BGN 832,000. The company cut its operating expenses 23% to almost BGN 22 million for the nine months of this year...

Business: Carlsberg - Bulgaria is the only candidate for Blagoevgrad-based company
Town of Blagoevgrad >> Friday, 2009-11-13 09:00
Source: Darik Radio
Carlsberg - Bulgaria JSC is the only candidate to buy the Blagoevgrad -based company Bread and Bread products Ltd. The price offer of Carlsberg - Bulgaria was opened in the building of the municipality . Price offered by the Danish concern is BGN 1 higher than the initially stated tender value - BGN 2 309 000 excluding VAT. To this consecutive competition for the sale of Bread and Bread products came after the decision of the Municipal Council as the new minimum price was reduced by BGN 808 000. The a...

Business: Mobiltel reported a 20% drop in operating profit for Q3
Bulgaria >> Friday, 2009-11-13 01:45
Source: Dnevnik.bg
Bulgarian cellular operator Mobiltel, the local unit of Telekom Austria Group, reported a 20% drop in operating profit for the third quarter to EUR 44.8 million. Revenue between July and September dipped by almost 12 year-on-year to EUR 157.7 million as average revenue per user fell by nearly 10%. The total customer base grew by 0.9 percent to 5.242 million people, where contract subscribers represented 57.1 percent. Still, the operator saw some market share slip through its fingers from 49.9% in the summ...

tags: Mobiltel telecom operator mobile operator


Business: The Court rejects expanding of gold extraction project in Chelopech
Village of Chelopech >> Thursday, 2009-11-12 09:00
Source: Dnevnik.bg
Bulgaria`s Supreme Administrative Court (SAC) rejected at first instance the environmental impact assessment (EIA) by Chelopech Mining, the local unit of Canada`s Dundee Precious Metals, to expand its gold extraction project and the construction of a processing facility in Chelopech . The lawsuit was filed on a complaint by NGOs. The court rationed the ruling with the absence of evidence that the proposed technology was the optimal; the absence of environmental impact assessment of all nearby areas; and ...

tags: Chelopech Mining


Business: EUR 200 million for renewable energy and energy efficiency projects
Bulgaria >> Wednesday, 2009-11-11 10:00
Source: Dnevnik.bg
The Bulgarian government will dish out EUR 200 million among renewable energy and energy efficiency projects in 2010, said deputy economy minister Evgeni Angelov. The funding will come under operational programme Competitiveness of the Bulgarian Economy that should be approved by the monitoring committee by the end of November. A total of EUR 107.8 million of the cash pot has been earmarked for energy-saving initiatives. Applications could be submitted after October 2010. A further EUR 97.9 million ...

tags: renewable energy energy sources


Business: Republika TPP near Pernik is among largest emitters of sulfur oxide in the EU
Town of Pernik >> Wednesday, 2009-11-11 09:00
Source: Darik Radio
Bulgaria`s thermal power plant Republika near the western city of Pernik has been blacklisted as the largest emitter of sulfur oxide in the EU. The fact was shown by the new European Pollutant Release and Transfer Register - E-PRTR - launched by the European Commission and the European Environment Agency. The register contains information about the emissions of pollutants to air, water and land by industrial facilities throughout Europe. It includes annual data for 91 substances and covers more than 24 ...

Business: FSC forbids Bulgarska Roza Plovdiv to write down or divest of assets
City of Plovdiv >> Wednesday, 2009-11-11 07:00
Source: Pari Daily
The Financial Supervision Commission (FSC) has forbidden Bulgarska Roza Plovdiv to write down or divest of assets. The arguments for the compulsory administrative measure are not clear, because the decision has not been posted on FSC`s website. At a general meeting on June 26, 2009 the company`s shareholders authorised the board of directors to arrange the write-off and sale of assets and use the receipts for payments to creditors. The decision was later rejected by the watchdog. According to the comp...

Business: Workers of VMZ Sopot did not received salaries for 4 mounts
Town of Sopot >> Tuesday, 2009-11-10 06:00
Source: StandartNews
Nearly 4000 workers of VMZ Sopot are on the brink of survival, alarmed mayor Veselin Lichev. According to him people there have not received salaries and struggle for four months. They have twice received only BGN 100. The reason is not bad management of the enterprise but the commercial companies that does not offer the production of the arms factory. Two strategies to save VMZ Sopot will be developed by the Ministry of Economy, Lichev explained. The first will be the short term by end of the year ...[1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] >>

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