Expats

Bulgaria's Fiscal Reserve Climbs to BGN 4.9 B Apr 2012 [May 17, 2012] Bulgaria's fiscal reserve by April 30, 2012, amounted to BGN 4.9 B, according to flash estimates released Thursday by the press office of the Bulgarian Finance Ministry. According to government data about the first half of 2011, published at the end of August 2011, as of June 30, 2011, Bulgaria's state fiscal reserve amounted to BGN 5.... [via YahooNews] More >>

Bulgaria Needs BGN 80 M to Fix Flood Damages - Minister [Feb 20, 2012] Bulgaria needs no less than BGN 75 ? 80 M to cope with the effects of the floods that hit the southeastern part of the country two weeks ago, according to estimates of EU Funds Minister Tomislav Donchev. Donchev visited the city of Haskovo in the affected area on Monday meeting with local authorities to discuss the options to use EU funding to cope with the effects of the flooding, which ... [via YahooNews] More >>

Bulgaria 'Tops' EU in Futureless Youngsters [Jan 11, 2012] Bulgaria has the highest percentage of young people who are not in employment, education or training among all EU member states, according to the European Foundation for the Improvement of Living and Working Conditions. According to the latest Eurostat estimates, in 2010 the percentage of Bulgaria's young people who were not working, in education or training (NEET) reached 21.8%, the foundation ... [via YahooNews] More >>

The Bulgaria 2011 Review: Environment [Jan 07, 2012] Shale Gas Drilling Inches Forward Amid Protests In end-May, US energy giant Chevron landed a concession for shale gas exploration in Bulgaria with a whopping offer of EUR 30 M. According to the estimates of the bidders, the deposit near Novi Pazar in northeastern Bulgaria contains between 300 billion and 1 trillion cubic meters of shale gas. ... [via YahooNews] More >>

Bulgaria Got EUR 37 B in Foreign Direct Investment in 2001-2011 [Dec 29, 2011] Bulgaria has attracted a total of EUR 37 B in foreign direct investment in 2001-2011, show estimates of the "Investors of the Decade" Survey of Novinite.com (Sofia News Agency) and Novinite.bg. ... [via YahooNews] More >>

Bulgaria's Final Agriculture Output up 13.5% Y/Y [Dec 20, 2011] The final output at basic prices of agriculture went up by 13.5% or BGN 8441 M, compared with a year ago. These are the first estimates of Bulgaria's National Statistical Institute, prepared as of November, and published Tuesday. ... [via YahooNews] More >>

Bulgaria's Gas Supplier Offers 17.61% Price Hike in Q1 2012 [Nov 14, 2011] Natural gas in Bulgaria should cost BGN 699.05 per 1000 cubic meters, VAT excluded, in Q1 2012, or 17.61% over the Q4 2011, according to preliminary estimates of Bulgargaz. ... [via YahooNews] More >>

Bulgaria's 2011 Foreign Tourism Income to Reach EUR 2.7 B [Aug 28, 2011] Bulgaria's total 2011 income from foreign tourists will reach EUR 2.7 B, according to estimates from the National Tourism Board, an NGO. Thus, in 2011, Bulgaria's income from foreign tourists will grow by 4.... [via YahooNews] More >>

Raiffeisen More Cautious about Bulgaria's Growth [Aug 23, 2011] Raiffeisenbank Bulgaria has revised its forecast for Bulgaria's GDP growth for 2012 from 4% to 2.5%. Reiffeisen has thus become the second bank to publicly lower its estimates, after beginning of August Unicredit Bulbank revised its forecast from 2.... [via YahooNews] More >>

Bulgaria Registers 0.1% GDP Growth Q2 2011 Y/Y [Aug 17, 2011] The Gross Domestic Product, GDP, increased by 0.2% in both the Eurozone and the EU during the second quarter of 2011, compared with the previous quarter, according to flash estimates. In the first quarter of 2011, growth rates were +0.... [via YahooNews] More >>

Bulgaria's Gas Supplier Predicts 20% Price Hike in Q4 [Aug 12, 2011] The price of natural gas will go up 20% in the beginning of October, according to preliminary estimates of Bulgargaz. Bulgargaz, which is the sole public supplier of natural gas for the territory of Bulgaria, is mandated to announce prices a month before the submission of their quarterly price requests with the State Commission for Energy and Water Regulation (DKEVR). According to the company ... [via YahooNews] More >>

Shale Gas Provokes Doubts, Controversy in Bulgaria [May 30, 2011] The news that US company Chevron hopes to find major shale gas deposits in northeastern Bulgaria have raised the doubts of some experts and the concerns of environmentalists. Saturday it was announced that Chevron has landed a Bulgarian shale gas exploration concession with a whopping offer of EUR 30 M. According to the estimates of the bidders, the deposit near Novi Pazar contains between 300 ... [via YahooNews] More >>

Govt: 137 Million Watched Bulgaria's Tourism TV Ads Abroad [Apr 28, 2011] Bulgaria's government has reported impressive estimates of the number of viewers who watched the TV ads for Bulgarian tourism on four international TV channels. A total of 137 million viewers are said to have watched at least four times Bulgaria's tourism ads on Euronews, Eurosport, National Geographic, and Discovery Channel. The advertising campaign, which spurred some public debate as to the ... [via YahooNews] More >>

Bulgaria FinMin Ignorant of Losses from Contraband [Feb 04, 2011] Bulgaria's Minister of Finance Simeon Djankov has admitted he has no exact figures regarding losses to the state budget from smuggling. When asked about that issue during question time in Parliament Friday by socialist MP Mihail Mikov, Djankov said that there is no statistics or official estimates about smuggling. "This makes for a lot of speculations among the public," stated the Minister of ... [via YahooNews] More >>

Bulgaria's 2010 Budget Deficit At 3.9% Of GDP [Jan 12, 2011] (RTTNews) - Bulgaria's budget deficit on cash basis amounted to BGN 2.8 billion or 3.9% of gross domestic product last year, the Finance Ministry said in its preliminary estimates released Wednesday. [via YahooNews] More >>

Bulgaria's Second-hand Car Market Boasts Impressive Growth in 2010 [Jan 04, 2011] The sales of second-hand cars in Bulgaria grew by 30%-50% in 2010, year-on-year, estimates have shown. According to Lyubomir Dorosiev, deputy head of the Association of Car Importers, as cited by money.bg, the Bulgarian market for second-hand cars had a growth that is impressive against the backdrop of the economic crisis and the reduced domestic consumption. [via YahooNews] More >>

Bulgaria Sees Record Meat Consumption in 2010 [Dec 02, 2010] By the end of the year, Bulgaria will register its highest per capita consumption of meat in the last 11 years, according estimates based on recent data. [via YahooNews] More >>

Italian Companies to Invest Up to EUR 3 B in Bulgaria by 2020 [Sep 30, 2010] Foreign direct investments by Italian companies in Bulgaria will amount to EUR 1-3 B in the next ten years, according to estimates of Confindustria Bulgaria, the Italian business association in Bulgaria. [via YahooNews] More >>

Bulgaria Marks 20 Years since Convention of Constitutional Assembly [Jul 09, 2010] The largest pro-democracy demonstration in Bulgaria after 1989 took place on June 7, 1990, on the "Eagle's Bridge" in downtown Sofia, featuring 1 million participants according to some estimates. [via YahooNews] More >>