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Toshiba May Invest EUR 350 M in New Thermal Power Plant in Bulgaria
Japanese corporation Toshiba has declared interest in building two new thermal power facilities in Bulgaria's Maritsa East TPP complex, Economy Minister Traicho Traikov has announced. Traikov was in the state-owned Maritsa East 2 plant on Monday with Japanese Ambassador to Bulgaria Makoto Ito where the two of them opened the rehabilitated unit 8 of the TPP, whose repairs were completed by ...
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Bulgaria Fails to Launch Lyulin Highway Ahead of Schedule
The much anticipated Lyulin Highway leading west of Sofia will be opened on May 15 even though the Bulgarian government hoped to open one of its lanes on March 15 to alleviate the traffic. The 19-km Lyulin Highway from Sofia to the Daskalovo road junction should be formally completed by May 15, 2011, after some three years of delay caused by what has been seen as inadequate state regulation and ...
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Bulgaria Woos China's CSR to Invest in Train Factories
Representatives of the world's largest manufacturer of electric locomotives, China's CSR, may invest in Bulgarian engine and car production facilities, according to Transport Minister Alexander Tsvetkov. On Monday, Tsvetkov showed CSR executives around a railway engine plant in Sofia ? the locomotive depot of the Bulgarian State Railways BDZ in the Poduyane Quarter. The CSR delegation said their ...
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Bulgaria to Set Up New Industrial Zone in Black Sea Port Burgas
A new industrial zone will be set up in Bulgaria's Black Sea city of Burgas by the local municipality and the state-owned "National Company Industrial Zones." The new industrial zone will be called "Logistics and Industrial Park ? Burgas" EAD, and will be located on the territory of Industrial Zone "Burgas-North". ...
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Bulgaria's Unemployment Rate Still 9.78%
Bulgaria's registered unemployment rate has not seen a change in February 2011, staying on its January level of 9.78%, according to the country's National Employment Agency. The registered unemployed decreased by a mere 79 people compared with the previous month, the Agency says, the total number of registered unemployed Bulgarians in February being 362 368....
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Bulgaria's Top Diplomat Praises Iraq Govt in Baghdad
Bulgarian Foreign Minister Nikolay Mladenov has commended the efforts of Iraq's government to stabilize the country politically and economically. Mladenov met with Iraqi Prime Minister Nouri al-Maliki in Baghdad on Monday. "I want to pay my respects to the victims of terrorism and to state clearly that the efforts of the Iraqi government are bearing fruit," Mladenov told al-Maliki, according to ...
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EC Urges Bulgaria to Implement GMO Directive
The European Commission has requested Bulgaria to implement correctly Directive 2009/41/EC that concerns activities around genetically modified micro-organisms. The Commission considers that Bulgaria has failed to meet the Directive's requirements to take all adequate measures to limit possible risk to human health and the environment, which might arise from such activities, according to a EC ...
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Bulgaria's GERB Firm on Launching Special Tribunal
The launch of the special tribunal for high-profile organized crime cases will not be delayed beyond August, 2011, as was the request of Chief Prosecutor, Boris Velchev. The decision was made Monday during a meeting between Velchev, Prime Minister, Boyko Borisov, the Chair of the Parliamentary Legal Committee from the ruling center-right Citizens for European Development of Bulgaria (GERB) party ...
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Matthaeus: Don't Underestimate Bulgaria!
Bulgaria's national football team manager Lothar Matthaeus has issued a statement of optimism and perseverance regarding the team's prospects for qualifying for Euro 2012. Currently Bulgaria is fourth in Group G in the qualifyers and needs to get at least to number 2, in order to get the chance to compete in the playoffs. The team hosts Switzerland, who are third, for a decisive game March 26. ...
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Bulgaria's Sofia Airport Sees 10 000 Passenger Increase y/y February 2011
A total of 243 107 passengers have been registered at the Bulgarian Sofia Airport in February 2011, which is a 10 000 increase year on year. This increase was due both to constant growth in passenger flow on international scheduled routes and a 25% increase to the number of passengers on domestic routes, the airport's official website states. The number of flight movements at Bulgaria's largest ...
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Bulgaria Registers January Export Growth to Non-EU Countries
In January 2011, the Bulgarian exports to third countries increased by 74.1% compared to January 2010 and amounted to BGN 1.3 B. ...
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Bulgaria Registers 5.2% Inflation y/y February 2011
Bulgaria's year on year inflation rate in February was 5.2%, according to the country's National Statistical Institute. The inflation in Bulgaria has grown with 1....
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Matth
Lothar Matth
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Bulgaria's Facebook Revolution: Down with the Cartels!
For the first time on Sunday Bulgaria saw a truly massive protest demonstration organized on Facebook. Thousands around the country took part in car marches driving at 10 km/h, and penny purchases of gas to protest against the tremendous rise of fuel prices. Their demands, however, must go beyond having the government check what the heck is happening with the gas prices, and if there really is a ...
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Rosatom Denies Holding Price Talks with Bulgaria over Belene NPP
Russian state nuclear corporation Rosatom has refuted a Bulgarian minister's statements that it is currently negotiating with Bulgaria over the price for the construction of the second Bulgarian nuclear power plant in Belene. "We would like to clarify that at present there are no official talks with Rosatom for the price of the Belene NPP project," Rosatom declared in a statement to the ...
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Bulgaria Warms Up to First Whiffs of Real Spring
The rising of temperatures that has encompassed the whole of Bulgaria will continue in the following days, according to the national weather service. Lows for Sunday are set to be a couple of degrees above 0, while highs will range up to 15-20 degrees Centigrade. The lowest temperatures will be registered in the northwest and along the Black Sea Coast (8-14 C). ...
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Bulgaria ready to offer help to Japan on earthquake: PM
Bulgaria is ready to offer 20 firefighters to join the rescue efforts in Japan after the devastating earthquake and tsunami there, Bulgarian Prime Minister Boyko Borissov announced on Friday.
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Bulgaria's Bulgargaz Demands 6.6% Gas Price Hike for Q2
Bulgaria's state-owned company Bulgargaz has announced its request for a 6.6% increase of natural gas prices for the second quarter of 2011. The request submitted to the country's State Commission for Energy and Water Regulation (DKEVR) has asked for increase of BGN 33....
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Bulgaria Q4 GDP Grows Faster Than Estimated
(RTTNews) - Bulgarian economy expanded 2.8 per cent year-on-year in the fourth quarter after adjusting to seasonal and calender variations, latest estimated from the National Institute of Statistics showed Friday.
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