Expats

Bulgaria's Spa Sector to Flourish Again due to Russians, Turks [Mar 08, 2012] Bulgaria's spa industry saw positive signs of recovery in 2011 even though a far cry from the boom years during the previous decade, figures show. The number of tourists, who visited balneo-spa hotels in Bulgaria to enjoy the balmy effects of the procedures on offer, increased by 8% last year, according to data of the country's balneo and spa tourism association. Industry officials expect balneo ... [via YahooNews] More >>

UK Brokers: Huge Money Converted Back into Sterling from Bulgaria [Mar 05, 2012] Bulgaria is among the countries, from which UK foreign-currency brokers are reporting a staggering amount of money being converted back into sterling. Most transactions back to sterling in recent months come from Spain, Bulgaria, France and the USA, according to data of Currency Index, as cited by The Telegraph Weekly. "With Bulgaria, property investors who bought in the boom years, before the ... [via YahooNews] More >>

Bulgaria-Descended Dilma Roussef World's Third Most Powerful Woman [Aug 25, 2011] Brazilian President Dilma Rousseff, who is of Bulgarian origin, is the world's third most powerful woman, according to Forbes. Rousseff, the daughter of a Bulgarian immigrant Petar Rusev (Pedro Rousseff), took office on January 1, 2011.Even though her country's economy has slowed down after the boom in the years of her predecessor, Lula da Silva, she still enjoys the support of 67%, a recent ... [via YahooNews] More >>

Bulgaria Set for Boom of Electric Cars, Converted Vehicles Industry [Jul 18, 2011] The large-scale industrial conversion of conventional cars into electric vehicles is expected to become Bulgaria's new major industry, a special report of Novinite.com (Sofia News Agency) has found. The development of Bulgaria's electric vehicle industry is expected to experience a boom in 2012, Iliya Levkov, Chair of Bulgaria's Electric Vehicles Industrial Cluster (EVIC), has told Novinite.... [via YahooNews] More >>

Bulgaria Looks Forward to Record Numbers of Romanian, Polish Tourists [Jun 27, 2011] Bulgaria's Black Sea resorts expect an even higher number of Romanian tourists in summer 2011, according to hotel managers. "Figures are already indicating that there will be a substantial growth in the number of Romanian tourists. It is another matter if this boom can compensate for the decrease in the number of tourists from other destinations," Ivan Portnih, CEO of Grand Hotel Varna, is ... [via YahooNews] More >>

Bulgaria's Largest Cities Register Boom of Bankruptcy Claims [Jun 21, 2010] Many companies in Bulgarias capital Sofia and the Black Sea city of Varna file for bankruptcy because these cities saw the largest boom in construction before the crisis. [via YahooNews] More >>

Bulgaria to Stay in Recession by End-2010 - Analyst [Jun 11, 2010] Bulgaria, the European Unions poorest country, is currently going through its first recession in 12 years after a three-year lending boom stalled and foreign investment dried up. [via YahooNews] More >>

Bulgaria, Greece, Turkey Mull Joint Tourist Products [Jun 06, 2010] Bulgaria has experienced a boom in its SPA industry over the last three years and the odds are that the sector will continue to flourish. File photo [via YahooNews] More >>

EU Calls on Bulgaria to Pursue Strict Fiscal Policies (Novinite.com) [Mar 17, 2010] A man passes by store window with a banner for a reduction to 50% of the goods in Sofia. Bulgaria, the European Union?s poorest country, is currently going through its first recession in 12 years after a three-year lending boom stalled. [via YahooNews] More >>

Bulgaria?2010 Article IV Consultation, Concluding Statement (IMF) [Mar 03, 2010] 1. In the years that preceded the global economic and financial crisis, large capital inflows into Bulgaria generated a domestic demand boom. [via YahooNews] More >>

Number of Hotel Nights Spent by Foreigners in Bulgaria down 20% Y/Y (Novinite.com) [Feb 23, 2010] New hotel construction has experienced a real boom in Bulgaria in the last 10 years, but as the number of tourists goes down, many projects are not frozen. [via YahooNews] More >>

Bulgaria's Economy Contracts 5,1% in 2009 (Novinite.com) [Feb 12, 2010] A man passes by store window with a banner for a reduction to 50% of the goods in Sofia. Bulgaria, the European Union?s poorest country, is currently going through its first recession in 12 years after a three-year lending boom stalled. [via YahooNews] More >>

Bulgaria Head Bailiff: No Mortgage Meltdown in 2010 (Novinite.com) [Feb 10, 2010] There will not be a mortgage meltdown in Bulgaria in 2010 according to the Chair of the Chamber of Private Bailiffs, Georgi Dichev. Dichev stated Wednesday that ?despite the severe economic environment there will not be such a boom to that would lead to a sharp fall in property prices.? [via YahooNews] More >>

Bulgaria's 'Green' Energy Boom Sparks Fears (Novinite.com) [Jan 31, 2010] Bulgaria is undergoing a boom in the renewable energy sector that experts warn could see an influx of dodgy investment and actually end up doing more harm than good for the environment. [via YahooNews] More >>

Bulgaria's 'green' energy boom sparks fears (AFP via Yahoo! News) [Jan 26, 2010] Bulgaria is undergoing a boom in the renewable energy sector that experts warn could see an influx of dodgy investment and actually end up doing more harm than good for the environment. [via YahooNews] More >>

PIRGROUP CEO: Two Types of International Professionals Move to Bulgaria (Novinite.com) [Jan 25, 2010] Bulgaria has not seen yet a boom in the number of international professionals relocating to the country but their number is on the rise. This has been stated by Isamar van Hilten, CEO of PiRG (Partners in Relocation Group), in an interview for the Dutch Survey of Novinite.com (Sofia News Agency). [via YahooNews] More >>

Bulgaria to See Boom of Discounters in 2010 (Novinite.com) [Jan 06, 2010] Lidl is about to open its first sites in Bulgaria. Photo by EPA/BGNES The economic crisis in the past year has proved fertile for the discount retailers stepping on Bulgarian soil in recent months and the country will see their boom in 2010, a realtor report says. [via YahooNews] More >>