Expats

Russian Gas Supplies for Bulgaria Back to Normal [Feb 04, 2012] Russian gas supplies for Bulgaria and transit for Turkey, Greece and Macedonia have been reinstated to normal volume, the Ministry of Economy and Energy reports Saturday. Over the last 24 hours Russian gas supplies to Bulgaria, Greece, Turkey and Macedonia have been reduced by 1/3, prompting the Ministry to create emergency headquarters to monitor them. According to the announcement, pressure at ... [via YahooNews] More >>

Bulgaria?s EconMin Tries to Assuage ACTA Fears [Jan 31, 2012] The fact that Bulgaria has signed the controversial ACTA agreement will not change anything in the country, Bulgarian Minister of Economy Traicho Traikov believes. "If you ate asking for my personal opinion, I am skeptical about the notion that ACTA will change anything, especially in Bulgaria, which has always been among the leaders when it comes to altering its legislation in that area ... [via YahooNews] More >>

Bulgaria Has Resumed Export of Electric Power [Jan 28, 2012] Bulgaria has resumed exporting electric power at 1 am Saturday, January 28, on the order Economy and Energy Minister, Traicho Traikov. The resumed export has been made possible by the end of the effective strike of miners and workers at the largest State-owned coal mines "Maritsa Iztok." ... [via YahooNews] More >>

Bulgaria's President Plevneliev takes office [Jan 22, 2012] (SOFIA ) - Bulgaria's conservative President Rosen Plevneliev took office Sunday, urging national unity around the goal of improving the economy and the country's image within the EU. [via YahooNews] More >>

Bulgaria's GERB Lifts Chevron Shale Gas License [Jan 17, 2012] The cabinet of the ruling, center-right Citizens for European Development of Bulgaria party, GERB, withdrew Tuesday its decision granting rights to sign a contract with the US company "Chevron." The news was reported by the Minister of Economy and Energy, Traicho Traikov, speaking after the meeting of the Council of Ministers. ... [via YahooNews] More >>

Bulgaria's Economic Freedom Worsens - Heritage, WSJ Ranking [Jan 12, 2012] Bulgaria has moved down one place in the global Economic Freedom ranking of the Heritage Foundation and The Wall Street Journal. Thus, Bulgaria has slipped to the 61st position, down form the 60th a year ago, shows the newly-released Heritage Foundation and WSJ Economic Freedom Index for 2012. "Bulgaria has weathered the impact of the global economic downturn relatively well, with the economy ... [via YahooNews] More >>

Bulgaria's EconMin Forecasts EUR 20 B Exports in 2012 [Jan 11, 2012] Bulgaria's exports will most likely reach BGN 20 B in 2012, Minister of Economy, Energy, and Tourism Traicho Traikov has declared during the annual "Investors of the Year" award ceremony of the InvestBulgaria Agency. "Even the most daring business plans can be realized in Bulgaria," Traikov stated before Bulgaria's top investors for 2011 in Sofia Wednesday night, stressing that the Bulgarian ... [via YahooNews] More >>

Bulgaria's Sole Nuclear Plant Sets Production Record [Dec 21, 2011] Bulgaria's sole Nuclear Power Plant, Kozloduy, set a record Tuesday with its two working units (Unit 5 and Unit 6), producing the highest quantity of electricity in their history. Shortly after 2 pm on Tuesday, the best result since 2008, when the annual production reached 15.765 billion kWh, was surpassed, announced the Ministry of Economy, Energy and Tourism. ... [via YahooNews] More >>

Bulgaria to Increase Capacity of Its Kozloduy NPP by 60 MW [Dec 20, 2011] The capacity of Bulgaria's sole nuclear power plant, Kozloduy, will be increased by 60 MW as its generators will be replaced, it was announced on Tuesday. The reconstruction works will take two years and will cost EUR 30 M. "We are getting near to the fulfillment of that idea," Bulgaria's Minister of Economy, Energy and Tourism Traicho Traikov told the Bulgarian National Radio.... [via YahooNews] More >>

Bulgaria Drags Feet on Renewable Energy Progress Report [Dec 12, 2011] Bulgaria's report on the total share of renewable energy sources (RES) in its energy mix may be delayed due to a terminated consultancy tender. The competitive selection of a consulting firm to draft a report on Bulgaria's progress in the sphere was suspended by the Ministry of Economy, Energy and Tourism, Capital Daily reported. The study is to show whether Bulgaria met its binding indicative ... [via YahooNews] More >>

Bulgarian Industrial Association Awards Gold Medal to ABB Bulgaria [Dec 09, 2011] ABB in Bulgaria has been awarded the Gold Medal of the Bulgarian Industrial Association for its contribution to the economy in the country. The award was received within a competition organized by the Bulgarian Industrial Association ABB in Bulgaria got "The Gold Medal and Certificate", by the Bulgarian Industrial Association, for the company's "outstanding investment and contribution to ... [via YahooNews] More >>

Bulgaria's Economy to Grow by 2% in 2011 - Raiffeisenbank [Dec 08, 2011] In spite of the relative slowdown in the third quarter, Bulgaria's economy will live true to the forecasts of a GDP growth of about 2% in 2011, according to the monthly macroeconomic report of Raiffeisenbank Bulgaria. Domestic consumption is replacing exports as the primary engine of growth but its dynamic remains uncertain with respect to the development of outside factors and their potential ... [via YahooNews] More >>

Bulgaria-Greece Gas Link Ahead of Schedule - Energy Minister [Dec 07, 2011] Bulgaria's Minister of Economy, Energy and Tourism Traicho Traikov has dismissed as "mere speculation" allegations that Bulgaria would not receive its rightful share of EU funds for the construction of the gas grid interconnections with Romania and Greece for this year. Traikov specified that the source of the alleged misinformation was MEP Ivaylo Kalfin, a presidential candidate of Bulgaria's ... [via YahooNews] More >>

Bulgaria's Corpbank Head Surprisingly Named Mr Economy, Triggers Scandal [Dec 01, 2011] A contest to pick the Bulgarian businessman with greatest contribution to the country's economy this year has triggered a fierce controversy after the head of Corporate Commercial Bank surprisingly grabbed the award. Tsvetan Vassilev is majority owner and chair of the Supervisory Board of Bulgaria's Corporate Commercial Bank, which holds nearly half of the money of strategic state-owned ... [via YahooNews] More >>

Bulgaria Might Launch Direct Flights to China [Nov 26, 2011] The opportunities for launching a direct airline between Bulgarian and China have been surveyed during a visit of a high-ranking Chinese delegation in Sofia. The direct Bulgaria-China flights were on the agenda of the meeting between Bulgaria's Deputy Minister of Economy, Energy, and Tourism Ivo Marinov and the chief engineer of the IT and Economy Commission of China's Inner Mongolia province ... [via YahooNews] More >>

Bulgaria's Largest Resort Sunny Beach Appoints New CEO [Nov 25, 2011] Bulgaria's largest Black Sea resort "Sunny Beach" Jsc has appointed Zlatko Dimitrov as its new CEO, according to a decision of its Board of Directors made Friday. Dimitrov, who is currently the Deputy Governor of the Burgas District, has been serving as the Chair of the Board of Sunny Beach, a position that he has now vacated; he is also set to quit his government job. Bulgaria's Deputy Economy ... [via YahooNews] More >>

Bulgaria Ranked as Major EU Industrial Polluter Despite Small Economy [Nov 24, 2011] Bulgaria is among EU's biggest industrial polluters by size of economy alongside Romania, Estonia, Poland and the Czech Republic, according to a report of the European Environment Agency (EEA) released on Thursday. The study, compiled on the basis of data for 2009 including carbon dioxide (CO2) emissions, shows Germany and Poland as the biggest industrial polluters in the EU, followed by Britain ... [via YahooNews] More >>

Bulgaria Poised to Launch a Launch? [Nov 22, 2011] By Phillip Butler Argophilia Travel News Checking in on Bulgaria's Ministry of Economy, Energy and Tourism, after they announced their new strategy in the UK, deputy minister Ivo Marinov's, and the ministries head of marketing Anelia Genova's hopes of altering public perception, not using communications channels could be a fatal flaw. ... [via YahooNews] More >>

Bulgaria Ups Retirement Age in 2012 in U-Turn Change [Nov 16, 2011] Retirement age in Bulgaria will go up by one year for both men and women as early as 2012, Deputy Finance Minister, Vladislav Goranov told the Members of the Parliament Wednesday. In addition, the retirement reform with gradual increase of retirement age is moved from 2021 to 2015, over the deficit in the budget of the National Social Security Institute (NOI) and economy forecasts, according to ... [via YahooNews] More >>

Bulgaria Last in EU in Green Energy Use - Report [Nov 15, 2011] Bulgaria still lags behind all other EU Member States in the use of green energy, according to a study of the Friedrich Ebert Foundation. The Foundation presented Tuesday its report on the possibility of Bulgaria's economy in using renewable energy sources and proposals to stimulate their development. Bulgarian households rank last in the EU in energy effectiveness, leading to more expenses and ... [via YahooNews] More >>