Community of Expats in Bulgaria - ExpatsBulgaria.com

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Bulgaria Backs EU for Continuing WTO Talks on Doha Development Agenda [May 11, 2011] Bulgaria's government has declared support for the EU position in favor of continuing talks on the Doha Development Agenda within the World Trade Organization. The Cabinet approved Wednesday the Bulgarian position for the upcoming EU Foreign Affairs Council meeting on trade scheduled for May 13 in Brussels. The EU member states' ministers will discuss the results of the negotiations within the ... [via YahooNews] More >>

Bulgaria's Next Largest Shopping Mall to Open 2012 End [May 11, 2011] Paradise Center ? the future largest shopping mall in Sofia and Bulgaria ? is expected to open at the end of 2012. The Paradise Center mall will offer a total of 80 000 square meters of commercial space plus 25 000 square meters of entertainment venues, according to Forton International, the company that will manage the leasing of space, as cited by the Pari daily. Paradise Center is designed to ... [via YahooNews] More >>

Bulgaria's Gray Economy - Is the Glass Half Full? [May 11, 2011] Gray economy is better than no economy, Bulgaria's Finance Minister from the ruling centrist-right GERB, Traicho Traikov, said Wednesday. Indeed, Traikov is correct - "no economy" would be an even worse scenario than having very little economy, a vast part of which in the gray sector. Traikov's revelation was provoked by a new survey of the Association of Industrial Capital, which shows that ... [via YahooNews] More >>

Bulgaria Missed Chance Twice to Arrest Osama's Proxy Al-Zawahiri [May 11, 2011] The Bulgarian authorities failed twice to arrest one of Al Qaeda's major leaders, Ayman Al-Zawahiri, because of legal and security reasons, according to former Bulgarian police executives. Ayman Al-Zawahiri, who is now believed to be the head of the global terrorist network after the US hunted down Osama bin Laden last week, was in Bulgaria twice in the mid 1990s, former head of the National ... [via YahooNews] More >>

Bulgaria to Set Up EU Border Control Air Base in Burgas [May 11, 2011] Bulgaria's Interior Ministry will use part of the territory of the airport in the Black Sea city of Burgas in order to set up an air base for the surveillance of the southeastern-most external border of the EU. This has become clear from a government decision adopted Wednesday to amend the concession contracts of the Varna and Burgas airports. In addition to facilitating the investments of the ... [via YahooNews] More >>

Bulgaria Last in EU Institutional Trust [May 11, 2011] Bulgaria's citizens are least satisfied in the EU with the performance of the main government institutions, according to an international survey conducted by the Center for the Study of Democracy. Modern Bulgarian society is a low-trust society both in terms of interpersonal trust and confidence in the institutions, the report says. In the EU, Bulgarian citizens report the lowest levels of trust ... [via YahooNews] More >>

Bulgaria's Corporate Bank Head Eyes Tobacco Giant [May 11, 2011] The head of Bulgaria's Corporate Commercial Bank, which is believed to finance the media group of mogul Irena Krasteva, has confirmed his interest in the privatization of the country's state tobacco giant Bulgartabac Holding. "I do consider participation in Bulgartabac privatization," Tsvetan Vassilev, majority owner and chair of the Supervisory Board of Bulgaria's Corporate Commercial Bank ... [via YahooNews] More >>

Bulgaria Minister: Gray Economy Better than No Economy [May 11, 2011] In a highly controversial statement, Bulgaria's economy minister has defended, though half-heartedly, the flourishing gray sector in the country, saying that still it generates growth. "If we have to choose between grey economy and no economy, Bulgaria will defnitiely be better off to have gray economy," Minister Traicho Traikov told the morning broadcast of bTV channel. "Grey or not, these are ... [via YahooNews] More >>

Bulgaria 2009 Eurovision Song Makes it to Top 10 Worst [May 10, 2011] Bulgaria's 2009 Eurovision entry, "Illusion" by Krassimir Avramov, was ranked 8th worst Eurovision song "ever" by the Eurovision Times site. Avramov, nicknamed by himself "the Voice", fared very badly in the contest, and had already provoked controversy in Bulgaria for his election to represent the country in Moscow 2009. The Eurovision Times voters have now ranked him as having performed one ... [via YahooNews] More >>

Bulgaria Pinpoints Strategic Areas to Boost FDI, Create Jobs [May 10, 2011] Bulgaria's sector-based strategy for the attraction of foreign investments was presented by Minister of Economy and Energy Traicho Traikov at a forum in Sofia Tuesday. The strategy names the fields of the economy that the Ministry of Economy, Energy and Tourism has identified as bearing the greatest potential for stable development that will significantly contribute to growth. "Looking for a ... [via YahooNews] More >>

Bulgaria Might Opt for Short-Term Gas Contract with Gazprom [May 10, 2011] Bulgaria might chose to press for short-term contracts for natural gas delivery with Russian giant Gazprom after 2012, stated vice-Minister of Energy Mariy Kosev Tuesday. Bulgaria's contracts with Gazprom expire end of 2012 and the Russian company has until end of June to specify terms for a possible long-term extension. "Should the conditions for a long-term contract that Gazprom formulates ... [via YahooNews] More >>

Bulgaria to Pick Sofia Airport Concession Consultant [May 10, 2011] Bulgaria's government plans to hire a consultant to advise it on how to proceed with plans to offer on concession Sofia Airport, the largest international airport in the country. The consultant will be expected to provide a business model for the concession and ways to cover the Kuwait Development Fund and EBRD loans, which were extended for the construction of a new terminal and a new runway ... [via YahooNews] More >>

Bulgaria's Tobacco Giant in Third Sale Attempt [May 10, 2011] A notice for the privatization of Bulgaria's former state tobacco monopoly Bulgartabac Holding is due to be published in the State Gazette on 10 May. The promulgation will mark the start of the third official attempt to sell the state-owned stake in the company, which is expected to be successful thanks to the political consensus the deal now enjoys, the agency for privatization and post ... [via YahooNews] More >>

IMF Mission Starts Visit to Bulgaria [May 10, 2011] A mission of the International Monetary Fund will visit Bulgaria's capital Sofia during the period May 10-20 to hold regular bilateral discussions on economic policies with the Bulgarian authorities. This is part of the IMF's surveillance under Article IV of the IMF's Articles of Agreement. The mission will be headed by Mrs.... [via YahooNews] More >>

Bulgaria's Construction Sector Collapses Anew [May 09, 2011] Bulgaria's construction sector appears to be experiencing a new collapse, according to government statistical data for March 2011. In the third month of the year, the Bulgarian construction sector declined by 3.1% compared with February, and by 19.... [via YahooNews] More >>

Bulgaria to Sell Duty-Free Zones on Stock Exchange [May 09, 2011] A total of 26 companies with full or total state participation will be floated on the Bulgarian Stock Exchange (BSE), announced the Agency for Privatization and Post-Privatization Control on Monday. Among the attractive companies whose shares will be put up for sale are 100% of Sofia-based Montazhi, 100% of Duty-free zone Svilengrad, 46.398% of Duty-free zone Plovdiv, 46% of Transit Trade Zone ... [via YahooNews] More >>

Bulgaria to Host 22nd World Byzantine Studies Congress [May 09, 2011] Bulgaria's capital Sofia will welcome more than 1 000 scholars from around the world for the 22nd International Byzantine Studies Congress in August 2011. The congress also known as "Byzantium without Borders" will be hosted by the Sofia University St. Kliment Ohridski between August 22 and August 27, 2011. ... [via YahooNews] More >>

Bulgaria Property Prices Continue to Fall [May 09, 2011] A Place in the Sun The cost of buying property in Bulgaria is getting cheaper, which is good news for Brits seeking a bargain holiday home in Bulgaria. According to the latest data released by Raiffeisen Real Estate, Bulgaria property prices continued to fall during the final quarter of last year, with prices in the capital Sofia declining 9.... [via YahooNews] More >>

Bulgaria's Varna Airport to Shut Down for 4 Months [May 09, 2011] The airport in Bulgaria's Black Sea capital Varna will be closed down for unprecedented repairs after the end of the 2011 summer tourist season. The Varna Airport will be undergoing repairs from October 15, 2011, till February 28, 2012, the Nadorno Delo daily reported. This is the first time the airport will be shut down since it was opened on May 9, 1948. ... [via YahooNews] More >>

Bulgaria PM Runs for President to Save Face - Analysts [May 09, 2011] Bulgaria's Prime Minister Boyko Borisov's likely bid for president may be interpreted as a move to get out of the political swamp he got himself into, say political analysts. "At the moment Borisov is mired in a deep swamp, with one of the exit options being a presidential nomination," political scientist Evgeniy Daynov told Nova TV morning broadcast. "Confidence in victory is of utmost ... [via YahooNews] More >>

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