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Economics & Business News and Articles related to District Sofia-city
Current date: 2009-11-30 10:13

Sofia-city:[Place description][Properties][Hotels][Postal codes][Phone codes][Population][Coordinates][Distances][Area sizes][Photo Gallery][Video & Webcams][News][Schools]

Sofia-city District is located in South-West Bulgaria. The District consists of 1 municipalities. The regional center is City of Sofia.
Information about District Sofia-city


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Business: 8 small Hydro Power Plants will be built in Sofia
Municipality Stolichna >> Wednesday, 2009-11-04 15:14
Source: Klassa.bg
A total of 8 small Hydro Power Plants (HPP) will be built in Sofia , announced at a press conference yesterday Deputy Mayor of Sofia Municipality Irina Savina. The design of the HPP system will start in 2010 and their construction will begin in 2011. The construction of the eight plants will cost BGN 15 m. According to the Deputy Mayor, a preliminary assessment of the plants is being carried out at present and the most favourable option for financing the project is being sought. " Sofia is uni...

tags: energy sources


Business: Water bottling company Gorna Bania sold to Armenians
Quarter of Gorna banya >> Thursday, 2009-10-29 09:00
Source: Dnevnik.bg
Bulgarian water bottling company Gorna Bania has been sold for almost EUR 25 million to Armenian nationals Gagik and Djavair Tsarukyan. Evgeni Goranov, one of the company`s former owners, confirmed that the deal was struck at the end of last week. Roughly EUR 20 million of the amount will be channeled to debt payments, Goranov said, noting that the company owes EUR 12 million in long-term banking loans and a further EUR 4 million in short-term funding. It should pay a separate some EUR 3.5 million to a UK...

tags: bottling company mineral water


Business: Information Services Plc will be privatized
City of Sofia >> Wednesday, 2009-10-28 05:00
Source: Novinar.net
Sofia : The state-owned Information Services will be privatized, said Finance Minister Simeon Dyankov. According to him, as a beginning the company will be "cleared" of alien activities to lease the buildings available in every city. In fact, Information Services has earned far more from renting services, rather than its core business and IT and amid all its inefficiency the company was profitable in 2008. The company became notorious because of the huge salaries of employees and unjustified costs. Inf...

Business: BG Companies made new deals with Chinese firms for USD 850 million
City of Sofia >> Friday, 2009-10-16 04:00
Source: Darik Radio
Sofia . Six Bulgarian companies made deals with Chinese firms Thursday worth a total of USD 850 million. The contracts were signed during a ceremony at Bulgaria’s Council of Ministers in the presence of Bulgaria’s Prime Minister, Boyko Borisov, and the Vice President of China, Xi Jinping. Aurubus Bulgaria AD ( Pirdop ) and China Minemetals Development Co. singed a deal for the purchase of electrolytic copper worth USD 800 million. Bulgaria Litex CO and Great Wall Motor Sharing signed a shareholders...

tags: foreign investment Bulgaria


Business: Greek-owned Bogatsa.com plans to build 3 shops: 2 in Sofia and 1 in Varna
City of Sofia >> Friday, 2009-10-09 12:00
Source: Pari Daily
Greek-owned Bogatsa.com, which was listed on the Bulgarian Stock Exchange (BSE) on Thursday, will invest EUR 300,000 in a facility for frozen paste foods, CEO for Bulgaria Dimitris Skordakis said. Production has to start in 2010. Bogatsa.com plans to build three shops: two in Sofia and one in Varna . Construction of the plant and the first 3 shops would be funded entirely through own funds. Skordakis said that the company plans a second expansion through a capital increase on the capital market. Bogats...

Business: Penny Market plans to open more than 20 stores starting with Sofia, Botevgrad, Vratsa and Nova Zagora
Village of Stolnik >> Thursday, 2009-10-08 04:01
Source: Dnevnik.bg
German discounter Penny Market plans to open its first Bulgarian stores by the end of 2009, company manager Vassil Fechko said at the ribbon-cutting ceremony for a logistic centre near Stolnik . The chains plans to develop a 20- to 30-strong store network in Bulgaria, with the first due to spring up in Sofia , Botevgrad , Vratsa and Nova Zagora . The company has pledged to pump EUR 100 million into its network by 2009, which should surge to some EUR 250 million over the next five years, Fechko said....

tags: Penny Market store chain


Business: Heating utility firms in Sofia, Vratsa, Pleven and Burgas may face gas cut
City of Sofia >> Wednesday, 2009-10-07 09:00
Source: 24 chasa
The heating utility firms in the cities of Sofia , Vratsa , Pleven and Burgas may face gas cut if they do not pay their debts to Bulgargaz. I will not let the gas supply as we cannot pay in advance the gas to the Russians , said Dimitar Gogov, head of the state-owned gas monopoly. We sent letters to the heating utilities months ago alerting them about the possible gas stoppage . The total debt is over BGN 175 mln as BGN 30 mln are instantly exigible. Heat Supply- Burgas , Heat Supply- Pleven an...

Business: Sofia ranked 10th globally on the quality of its Internet access
City of Sofia >> Friday, 2009-10-02 12:12
Source: Novinite.com
The Bulgarian capital Sofia is ranked tenth in the world on the quality of its Internet access, according to the second Broadband Quality Research Report. The Report has been drafted by the University of Oxford and the University of Oviedo, and sponsored by Cisco. The Report gives Sofia 56 points out of a maximum of 100 in the ranking placing it along technologically advanced metropolises such as Seoul and Osaka....

Business: Foods and shoes in Bulgaria got cheaper, fuels gained value
City of Sofia >> Tuesday, 2009-09-15 01:00
Source: StandartNews
Sofia : Prices in Bulgaria have been falling for four months now. In August, the prices of some basic goods fell 0.2% from July, the National Statistical Institute said. Thus, the inflation for the first eight months of the year is negative - minus 0.1%, mainly due to the falling prices of footwear, clothing items, foods and beverages. Last month, the statistical institute reported a deflation of 0.6% on annual basis, against 0.4% in June and 0.3% in May. The inflation in August was 1.3% y/y.

tags: prices Bulgaria inflation Bulgaria


Business: BauMax opens store in Sofia. Soon in Varna, Pleven and Ruse
City of Sofia >> Wednesday, 2009-08-26 04:11
Source: Dnevnik.bg
Austrian DIY chain bauMax will open three more hypermarkets in Bulgaria, said Nicola Szekely, executive director of bauMax Bulgaria. The new outlets will pop up in Varna , Pleven and Ruse . Yesterday the company cut the ribbon its flagship Sofia store, taking its local network to four units with a combined area of 36,500 square metres...[1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] >>

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