Expats

Bulgaria's 2011 FDI to Reach EUR 1.6 B - Agency Chief [May 07, 2012] Bulgaria's final foreign direct investment for 2011 will probably amount to EUR 1.6 B, according to Borislav Stefanov, head of the InvestBulgaria Agency. "Foreign direct investment for 2011 has already surpassed EUR 1 B.... [via YahooNews] More >>

Bulgaria Eurobond Float Wary of Turbulent Summer Waters [Apr 09, 2012] Bulgaria's government, which plans to issue eurobonds worth up to EUR 1 B in the second quarter, may be forced to struggle with volatile markets if it misses out on the current benign conditions, analysts have warned. The sale procedure can be arranged in a matter of two or three months, so it can take place not the beginning of June, as forecast by the finance minister, but in July, according ... [via YahooNews] More >>

Bulgaria Ex PM, Austrian Lobbyist Implicated in Graft Scheme [Mar 10, 2012] The scandal with Austrian lobbyist Peter Hochegger, who is said to have bribed Austrian politicians with money received from Bulgaria, has stirred controversies in both countries. In 2008, Hochegger's PR agency was hired by the Three-way Coalition government to hold a one-year promotional campaign to boost Bulgaria's image in the EU. The public procurement was worth around EUR 1 M. ... [via YahooNews] More >>

Bulgaria Last in EU by Monthly Minimum Wage [Feb 21, 2012] In January 2012, Bulgaria was once again last in the EU by the monthly minimum wage, which stood at EUR 138. The data was published by Eurostat, the statistical office of the European Union. On the opposite end of the ranking is Luxemburg with EUR 1 801. ... [via YahooNews] More >>

Bulgaria Turns 4 Busted Albanians Over to Greece [Nov 14, 2011] Four Albanians arrested in Bulgaria under European Arrest Warrants have been turned over by the Bulgarian police to the Greek authorities, the Interior Ministry in Sofia announced. The four Albanians have been wanted by Greece through the Schengen Information System for kidnapping, robberies, and extortion; they have made a total of EUR 1.4 M, the Bulgarian police explained. ... [via YahooNews] More >>

Bulgaria?s GDP Grew by 2% Q2 2011 y/y [Sep 06, 2011] Bulgaria's Gross Domestic Product increased by 2% during the first quarter of 2011, reaching BGN 18 804 000 or BGN 2 516 (EUR 1 284) per capita, according to the country's National Statistical Institute. According to the institute's seasonally adjusted data, Bulgaria's GDP growth rate in the second quarter of 2011 was 0.3%, compared with the previous quarter. ... [via YahooNews] More >>

Bulgaria's Gross External Debt Down by EUR 1.2 B in March Y/Y [May 26, 2011] Bulgaria's gross external debt was EUR 36 B in March 2011, a decrease of EUR 1.169 B year-on-year, according to latest data of the Bulgarian National Bank (BNB). As of end-March 2011 gross external debt was EUR 36.... [via YahooNews] More >>

Bulgaria Contracts EUR 1 B of EU Funds for Transport [May 13, 2011] Just over half of the EUR 2 B slated for Bulgaria under EU Operational Program "Transport" for 2007-2013 have been contracted, the Bulgarian Transport Ministry announced. Projects for a total of EUR 1.07 B, or 54% of the total amount, that Bulgaria is supposed to receive from the Transport operational program from the EU by 2013 have already been approved. ... [via YahooNews] More >>

Bulgaria's Solarpro to Reach Out to Chinese Market [Apr 13, 2011] The Bulgarian Solarpro company has received a EUR 1 M order from the Hungarian Green Solar Equipment Manufacturing for the delivery of laser equipment used for the production of thinfilm photovoltaic panels, which will be sold on the Chinese market. The order includes 3 devices for laser scribing. Laser scribing is a part of the technological process for the production of photovoltaic panels.... [via YahooNews] More >>

Bulgaria Non-Banking Financial Sector Hardest-Hit by FDI Exodus [Apr 04, 2011] Bulgaria's non-banking financial sector has suffered the hardest blow in the wake of the mass outflow of direct foreign investments from the country. "Foreign direct investments in the sector towered to over EUR 1 B in 2007 and 2008, only to slump to minus EUR 480 M in 2010," the head of the InvestBulgaria Agency Borislav Stefanov said on Monday at the "Banks Investments Money" forum. Stefanov ... [via YahooNews] More >>

Bulgaria's Gross External Debt Down by EUR 1 B Y/Y [Mar 24, 2011] Bulgaria's gross external debt is down by EUR 1.092 B in January 2011 compared with January 2010, fresh data of the Bulgarian National Bank shows. As of end-January 2011, Bulgaria's gross external debt1 was EUR 36.... [via YahooNews] More >>

Bulgaria Enjoyed Positive Trade Balance with Turkey in 2010 [Feb 25, 2011] The trade between Bulgaria and Turkey grew by 60% in 2010, according to official Turkish figures, the Turkish-Bulgarian Chamber of Commerce and Industry announced. According to the Turkish statistics announced by the commercial counselor of the Turkish Embassy in Sofia Zafer Soylu, Bulgaria's exports to Turkey amounted to EUR 1.5 B in 2010, while its imports from Turkey were worth EUR 1.... [via YahooNews] More >>

Bulgaria Sees 58% Drop in FDIs 2010 y/y [Feb 14, 2011] A total of EUR 1.35 B in foreign direct investments has been registered in Bulgaria in 2010, which is a 58% decrease year on year, according to the Dnevnik daily. The drop may be commented as a sign that the country's economy has not recovered yet and foreign companies are still reluctant to invest there. ... [via YahooNews] More >>

Bulgaria's Gross Foreign Debt Down by EUR 1.4 B Y/Y [Dec 25, 2010] At the end of October 2010, Bulgaria's gross external debt stood at EUR 36.02 B, which is a decrease of EUR 1.415 B compared with October 2009, according to latest data of the Bulgarian National Bank. [via YahooNews] More >>

Bulgaria's Gross Foreign Debt Down by EUR 1.4 B Y/Y [Dec 25, 2010] Thus, in October 2010, Bulgaria's gross external debt was 99.7% of GDP; it decreased by EUR 1.78 B compared with the end of December 2009, when it amounted to EUR 37.80 B, or 107.9% of GDP. [via YahooNews] More >>

Bulgaria Moves to 'Exclude' Nabucco Construction Funds from Budget Deficit [Dec 01, 2010] Bulgaria's Cabinet is working to convince the EU that the EUR 1,3 B that the country will have to pay for the construction of the Nabucco gas transit pipeline should be counted as part of its budget deficit. [via YahooNews] More >>

Bulgaria's Interior Minister Denies Ex Secret Agent Accusations [Oct 17, 2010] Bulgaria's Interior Minister, Tsvetan Tsvetanov , has denied damaging Sofia municipality by providing guarantee of EUR 1 M for the building of a security system in the subway in the capital. [via YahooNews] More >>

Bulgaria's Interior Minister Denies Ex Secret Agent Accusations [Oct 17, 2010] Bulgaria's Interior Minister, Tsvetan Tsvetanov, has denied damaging Sofia municipality by providing guarantee of EUR 1 M for the building of a security system in the subway in the capital. [via YahooNews] More >>

Bulgaria Interior Minister Not Worried about Ex Agent Accusations [Oct 15, 2010] Bulgaria's Interior Minister, Tsvetan Tsvetanov, said he was not worried about the statements of former secret agent Alexei Petrov, who accused him of participating in an illegal deal for EUR 1 M. [via YahooNews] More >>

Bulgaria Budget Draft 2011 Enters Parliament [Oct 01, 2010] Bulgaria's Finance Minister Simeon Djankov will hand on Friday the budget draft for next year to parliamentary speaker Tsetska Tsacheva. Bulgaria is planning to sell bonds amounting to EUR 1 B on the international market in 2011 to shore up its finances, according to a finance ministry draft paper. [via YahooNews] More >>