Expats

Consumption Starting to Power Up Bulgaria's Economy - Raiffeisenbank [Jan 09, 2012] Domestic consumption has become the main engine of economic growth in Bulgaria is the third quarter of 2011, according to data presented in the monthly macroeconomic analysis of Raiffeisenbank Bulgaria. The third quarter saw a shift in the structure of growth in the Bulgarian economy, with domestic demand now being the most powerful factor, the analysts of Raiffeisenbank Bulgaria said in their ... [via YahooNews] More >>

Bulgaria to Start Building Gas Links to Greece, Romania in 2012 [Dec 25, 2011] Bulgaria is about to start construction a natural gas interconnection with Romania in a few weeks, according to Bulgarian Economy, Energy, and Tourism Minister Traicho Traikov. The building of the Bulgarian-Greek gas interconnection will be started in the third quarter of 2012, Traikov told BTA Sunday. Bulgaria moved to link its natural gas grid to that of its neighbors after the January 2009 ... [via YahooNews] More >>

Bulgaria's Economic Growth Stagnating in Q3 2011 [Nov 15, 2011] Bulgaria registered an economic growth of 1.3% in the third quarter of 2011 year-on-year, according to preliminary data of the National Statistical Institute in Sofia. At the same time, however, the Bulgarian economy is stagnating on quarterly basis as seasonally- adjusted GDP was unchanged in the third quarter. ... [via YahooNews] More >>

Bulgaria 'Hungry' for Algerian Investments, EconMin Says [Nov 01, 2011] Abdelmalek Sellal, Algeria's Minister of Water Resources, has been welcomed in Sofia by Bulgarian Economy, Energy, and Tourism Minister Traicho Traikov. Sellal arrived to Bulgaria for the 19th session of the Joint Bulgarian-Algerian Commission for Economic, Scientific, and Technical Cooperation, the Economy Ministry announced, adding his talks with the Bulgarian officials focused on Bulgaria's ... [via YahooNews] More >>

FinMin: Bulgaria's Economy in Upswing, US, EU Must Learn from Us [Aug 16, 2011] Bulgaria's Cabinet is not drafting new anti-crisis measures because the Bulgarian economy is in an upswing, according to Finance Minister Simeon Djankov. "There is no risk of rising unemployment in Bulgaria. There is no risk for the deposits.... [via YahooNews] More >>

Bulgaria's Natural Gas Consumption, Output Grew in 2010 - Bulgargaz [Aug 10, 2011] Bulgaria's consumption of natural gas grew by 2% in 2010 compared with 2009, according to the newly released financial report of state company Bulgargaz. The Bulgargaz report, which has been published in the Bulgarian Trade Registry, states that in 2010 the Bulgarian economy and households consumed a total of 2.53 billion cubic meters of natural gas compared with 2.... [via YahooNews] More >>

Bulgaria on Rocky Road to Recovery, GDP to Grow by 3% in 2011 - Think-Tank [Aug 02, 2011] Driven by strong exports, as well as the good performance of the industry and services sectors, the Bulgarian economy has started to expand, but too weakly and unsteadily, a local think-tank has said. Bulgaria's gross domestic product will grow by up to 2.5-3% in 2011, the experts from the Center for Economic Development stated in their quarterly report. ... [via YahooNews] More >>

Bulgaria's 2010 Arms Exports Amounted to EUR 260 M [Jul 20, 2011] Bulgaria exported arms and munitions worth over EUR 259 M in 2010, according to a Bulgarian government report. The 2010 of the Inter-institution Commission for Export Control and Non-proliferation of Weapons of Mass Destruction of the Bulgarian Economy Ministry was adopted by the Cabinet on Wednesday, and will be presented to the Parliament. It shows that in 2010 the arms commission issued a ... [via YahooNews] More >>

Azerbaijan's Natural Gas Supplies for Bulgaria Pushed Back by 3 Years [Jun 23, 2011] Azerbaijan is ready to provide Bulgaria with natural gas supplies as of 2014, the Bulgarian Economy Ministry announced after a meeting of the energy ministers of the two countries. Bulgaria's Minister of Economy, Energy, and Tourism Traicho Traikov and Azerbaijan's Minister of Energy and Industry Natig Aliyev met Thursday during the Crans Montana Forum, of which Azerbaijan this year is a partner ... [via YahooNews] More >>

Bulgaria Economy Grows 3.4% in Q1 y/y [Jun 08, 2011] The Bulgarian economy expanded by 3.4% in the first quarter of the year on an annual basis, revised data of the statistics office showed on Wednesday, well above the flash data published a month ago. On quarterly basis, the emerging economy expanded 0.... [via YahooNews] More >>

Bulgaria?2011 Article IV Concluding Statement [May 26, 2011] The Bulgarian economy has adjusted swiftly following the recent crisis. The ability to preserve macroeconomic stability was testimony to the benefits of long-standing conservative policies and prompt policy action. [via YahooNews] More >>

Bulgaria's Agriculture Sector with Impressive Export Growth in 2010 [Apr 30, 2011] Bulgaria's agriculture sector appears to be taking off, according to data presented by the Agriculture Ministry and the National Statistical Institute. Agriculture is one of the few sectors of the Bulgarian economy with positive trade balance, according to the Bulgarian Ministry of Agriculture and Foods. In 2010, Bulgaria's agriculture trade balance was positive USD 944 M, up from a positive USD ... [via YahooNews] More >>

'Last-Minute' Bulgaria-Russia Talks on Belene Nuclear Plant Drag On [Apr 01, 2011] The last-minute talks between Bulgaria's NEK and Russia's Rosatom over the fate of the Belene nuclear plant project, which were supposed to be concluded Thursday night, have dragged on. According to the press center of Bulgaria's National Electric Company NEK, there is "nothing to report" about the talks in Sofia, while Bulgarian Economy and Energy Minister Traicho Traikov told BNT that the ... [via YahooNews] More >>

Bulgaria Encourages Turkmenistan for Trans-Caspian Gas Pipeline [Mar 18, 2011] The construction of the Trans-Caspian Gas Pipeline will greatly benefit both Turkmenistan and Europe, Bulgarian Economy Minister Traicho Traikov told his Turkmenistan counterpart Byashimmyrat Hodzhamammedov in Sofia. Hodzhamammedov is in the Bulgarian capital as part of a Turkmenistan government delegation. Bulgaria?s Economy Minister Traikov has underscored that Turkmenistan and the EU should ... [via YahooNews] More >>

Bulgaria Q4 GDP Grows Faster Than Estimated [Mar 11, 2011] (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. [via YahooNews] More >>

Bulgaria Economy Minister Claims Signs of Recession Recovery [Mar 05, 2011] The latest data on development of the Bulgarian economy showed that the country is going out of the recession, according to Bulgaria's Economy Minister Traicho Traikov. The minister is part of the Bulgarian delegation, which is on a three-day visit to Spain. He participated in a forum on economics and investments, organized by the Spanish Confederation of Employers' Organizations (CEOE), and ... [via YahooNews] More >>

Bulgaria Boasts New Energy Effectiveness Program [Mar 02, 2011] Bulgaria is launching a brand new program for the management of projects for energy effectiveness funded with EUR 200 M by the EU Competitiveness program. The funds will be managed by 10 commercial banks in the country, according to the Memorandum signed Wednesday between the European Bank for Reconstruction and Development (EBRD) and the Bulgarian Economy and Energy Ministry, represented by ... [via YahooNews] More >>

Bulgaria Is 'More than Sea, Beaches' at Germany's Tourism Exhibition [Jan 18, 2011] Bulgaria will take part in the International Holiday Exhibition CMT in Stuttgart, Germany and will present itself as a diverse holiday destination, the Bulgarian Economy Ministry has announced. This year's edition of the exhibition, which will be held Tuesday, will focus on traditional tourism and traveling by caravans and motorcycles. Bulgaria will participate with a 36 square meter stand ... [via YahooNews] More >>

Bulgaria Plans to Raise BGN 1 B from Govt Bonds in 2011 - Official [Jan 12, 2011] Bulgaria plans to sell government bonds worth BGN 1 B, down from the 2010 debt issue of BGN 1.5 B in total, as the Cabinet is seeing the Bulgarian economy return to growth, which should boost state revenues. [via YahooNews] More >>

Bulgaria Hopes to Export Electricity to Lebanon [Dec 22, 2010] Bulgarian Economy Minister Traikov (left) with Lebanese Energy Minister Gebran Bassil in Beirut. Photo by Economy Ministry [via YahooNews] More >>