Expats

Bulgaria's 1st Hi-Tech Park to Be Completed 2015 [May 11, 2012] Sofia Tech Park, Bulgaria's first hi-tech park, will be fully completed in 2015, according to Evgeni Angelov, Advisor to Bulgarian President Rosen Plevneliev on investments and economy matters. Angelov announced that the project company for the hi-tech park will be registered this week and that it will have a budget of BGN 100 M. The main focus of Bulgaria's first hi-tech part will be the ICT ... [via YahooNews] More >>

Deputy Finance Minister: Bulgaria Stands Out in Its Region [May 11, 2012] Bulgaria stands out in its region when it comes to macroeconomic, financial, and banking stability, Bulgaria's Deputy Finance Minister Boryana Pencheva stated at the opening of the "Bulgaria: Business UP" investment conference. "This is the first time this year that we are talking about growth and investments, which is a really good thing. Bulgaria is indeed emerging better and better on the ... [via YahooNews] More >>

Bulgaria Saw Fourfold Growth of Chinese Investments 2011 [Apr 24, 2012] Bulgaria observed a fourfold growth of Chinese investments in 2011, according to Chinese Ambassador to the country, Guo Yezhou. "Until the beginning of 2011, Chinese investment in Bulgaria was USD 16 million, while at the end of 2011 it reached USD 70 million," Guo has revealed, as cited by Xinhua. He added that Chinese investment in Bulgaria is currently concentrated in the areas of agriculture ... [via YahooNews] More >>

Bulgaria Replies to ECB to Defend Silver Fund Changes [Apr 18, 2012] Bulgaria's finance minister has made an attempt to defend the proposed changes to the state fund for guaranteeing the stability of the state pension system, criticized by the European Central Bank. The investments of the fund's resources into Bulgarian government securities (GS) will be made in stages if this opportunity should be availed of, Finance Minister Simeon Djankov wrote in his letter ... [via YahooNews] More >>

Bulgaria to Be Ready with Next EU Funding Period Paperwork by 2013 - Minister [Jan 30, 2012] EU Funds Minister Tomislav Donchev has said that Bulgaria should be ready with the agreements and the texts on the Operational Programs in the next programming period, 2014-2020, by mid-2013. Speaking at a conference on Monday, he specified that the most difficult task was striking a balance between the different types of investments that had to be made. The EU Funds Minister explained that ... [via YahooNews] More >>

Brazil's leader visits Bulgaria, father's home [Oct 05, 2011] Brazilian President Dilma Rousseff on Wednesday pledged to expand her country's economic presence in Bulgaria through investments in agriculture, renewable energy, aircraft engineering and the oil industry. [via YahooNews] More >>

Bulgaria's Govt Seeks to Lure Investments from Qatar [Oct 04, 2011] Bulgaria's government is seeking to facilitate the inflow of investments from Qatar, Bulgarian Foreign Minister Nikolay Mladenov declared in Doha. During his visit in Doha, Bulgaria's top diplomat and his Qatari counterpart State Minister of Foreign Affairs Khalid Bin Mohammad Al Attiyah signed an inter-governmental agreement on visa exemption for diplomatic and special passports. Finalisation ... [via YahooNews] More >>

Bulgaria, Israel Deepen Cooperation after Historic Joint Sitting of Cabinets [Jul 07, 2011] The governments of Bulgaria and Israel have signed three major cooperation agreements after holding an unprecedented joint sitting in Sofia on Thursday. The bilateral agreements provide for cooperation in agriculture, natural gas supplies for Bulgaria from large-scale Israeli deposits, and for the mutual protection of investments. "We wish to increase the Israeli investments in Bulgaria.... [via YahooNews] More >>

Bulgaria's Judiciary, Interior Ministry Too Expensive, Inefficient- Report [Jun 18, 2011] Bulgaria's justice and home affairs expenditures are too high and are inadequately distributed, according to a newly published report. The findings of the Open Society Institute (OSI), as cited by Pari daily, indicate that Bulgaria's judiciary and police absorb excessive amounts of money to sustain a huge staff while refraining from other investments. Bulgaria spends at least twice as much as ... [via YahooNews] More >>

Bulgaria to Set Up EU Border Control Air Base in Burgas [May 11, 2011] Bulgaria's Interior Ministry will use part of the territory of the airport in the Black Sea city of Burgas in order to set up an air base for the surveillance of the southeastern-most external border of the EU. This has become clear from a government decision adopted Wednesday to amend the concession contracts of the Varna and Burgas airports. In addition to facilitating the investments of the ... [via YahooNews] More >>

Bulgaria's New Renewable Energy Act Cools Down Investors' Hopes [Apr 21, 2011] Bulgaria's Parliament has adopted a controversial draft of the long-anticipated Renewable Energy Act that seems to be designed to reign in the staggering growth of solar and wind energy projects. Until now, the state was obliged to purchase electricity produced from renewable energy generators at high, fixed prices, which has led to a jump in declared investments totaling over 6 000 ? a capacity ... [via YahooNews] More >>

Bulgaria Likely to Draw More Outsourcing over Middle East Unrest [Apr 20, 2011] After Bulgarian summer resorts got overbooked as a result of the civil unrest in the Middle East, Bulgaria is likely to attract outsourcing investments diverted from the region. According to CallPoint New Europe, a major services outsourcing company operating in Bulgaria, European firms that have been using the services of outsourcing centers in Egypt and Tunisia are currently considering ... [via YahooNews] More >>

Bulgaria's Burgas Mayor: Investors Eager for New Industrial Zone [Mar 16, 2011] Bulgarian and foreign companies are constantly inquiring with the city of Burgas for plots, which is why the Burgas Municipality has moved to set up a new industrial zone, Mayor Dimitar Nikolov announced. Nikolov declared his hopes for greater investments and more new jobs over the recently announced new industrial and logistics zone to be set up in Bulgaria's Black Sea city and port of Burgas ... [via YahooNews] More >>

Visa Regime Hampers Turkish Tourists to Visit Bulgaria [Mar 07, 2011] Bulgaria is missing out on huge investments from tourists because of its hampered visa regime with Turkey, according to Turkish experts. According to the commercial counselor of the Turkish Embassy in Sofia, Zafer Soylu, Bulgaria should not focus on sea resorts, which have competition on the Balkans, but should rather develop winter, balneological and historical tourism that would be of interest ... [via YahooNews] More >>

Westinghouse Shows Renewed Interest in Bulgaria's Nuclear Plant [Mar 07, 2011] US company Westinghouse has showed renewed interested in investments in Bulgaria's only operational nuclear power plant Kozloduy, according to Minister of Economy, Energy, and Tourism Traicho Traikov. While on a state visit in Spain over the weekend, Traikov met with Jose Gutierrez, CEO and Vice President for Southern Europe of the US energy giant Westinghouse. Traikov was in Madrid as part of a ... [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 >>

PM Borisov Urges Spanish Entrepreneurs to Invest in Bulgaria [Mar 04, 2011] Bulgaria's PM Boyko Borisov has urged Spanish entrepreneurs to invest in Bulgaria because of the good conditions it provides. Borisov is leading the Bulgarian delegation, which is on a three-day visit to Spain. At a forum on economics and investments, organized by the Spanish Confederation of Employers' Organizations (CEOE), the prime minister presented different options for development of ... [via YahooNews] More >>

AmCham Bulgaria Director Valentin Georgiev: Bulgaria Can Attract US Outsourcing with Highly Educated Labor [Dec 10, 2010] How would you characterize the general structure of investments by US companies in Bulgaria (i.e. by sectors, size, social impact, etc)? - by sectors, volumes? [via YahooNews] More >>

Bulgaria's Ex Justice Minister Becomes CEO of Festa Holding [Oct 22, 2010] Bulgaria's former Justice Minister Miglena Tacheva has been appointed the CEO of Festa Holding, a Bulgarian entity holding investments in various economic fields. [via YahooNews] More >>

Bulgaria's Ex Justice Minister Becomes CEO of Festa Holding [Oct 21, 2010] Ex Justice Minister Tacheva is the new CEO of Festa Holding. Photo by BGNES Bulgaria's former Justice Minister Miglena Tacheva has been appointed the CEO of Festa Holding , a Bulgarian entity holding investments in various economic fields. [via YahooNews] More >>