Bulgarian business confidence declined in May after rising in the previous four months as export orders fell on slower economic growth and labor shortages increased production costs. The business climate index fell to 21.8 in May, the National Statistics Institute in Sofia said in an e-mail today. Business confidence declined the most in construction as a shortage of workers and high prices of building materials boosted costs, it said. още »

Because of the ceaseless increasing of petrol and fuel prices, the tourists' vacations packages are expected to become 15 to 20% more expensive during the present summer season, mainly because of the airplane tickets. That was announced by the Bulgarian Touroperators and Tourist Agencies Association's president Irina Naidenova.  According to Naidenova, the changes will happen in two directions - one of increasing of the tourist package price in common, and the other - revising of the single components of the elements of these packages. още »

The constructions of another mall in the Southern city of Stara Zagora will start in a month. The investments are on the amount of 72 million EUR. The project is work of the Israeli architecture bureau ‘Murarchitect'.The building is foreseen to be extended over a territory of 10 decares, purchased last year for 11 million BGN (5 million EUR).The business centre will include trade part, advertisement and office part. още »

Bulgaria entered EU on January 1, 2007 and will enter Schengen zone in 2009. There is one of the lowest levels of income-tax and profit tax in the country. "It is a very favorable time to make investments in real estate, hotel business, production and other spheres in Bulgaria", service leader on trade economic issues under Bulgarian embassy in Kazakhstan Boris Yanchev said to Kazinforms correspondent. още »

The construction of Belene nuclear power pant may exceed a couple of times the initial price of 4 billion EUR given by the government. This was informed by Georgi Kaschiev, an expert at the risk research institute with the Vienna University, quoted by the Dnevnik a.m.Kaschiev commented that the consumers will have to include an extra annual bill of 110 million EUR for consulting services, the repayment of a syndicated loan to the French Bank BNP Paribas and the costs of the Belene enterprise. още »

Germany provides 4 million EUR for programs of encouraging of Bulgarian economics and employment, of professional education and also for metrology and Rodopi Mountain regional development. That is previewed in the contracted today by the Bulgarian Economics Minister Peter Dimitrov and Germany ambassador for Bulgaria Michael Gayer agreement for technical cooperation. още »

‘Alpha Grissin Infotech' - Greek energy company intends to build a 400MW wind park in Bulgaria, Greek media informed, quoted by The Sofia Echo. The investments are estimated to 400 million EUR and the constructions are foreseen to start this year.The company appeared on local market with a portfolio of residential and office buildings.The Greeks plan to divest its entire property business by 2011 expecting a net profit of 40,8 million EUR, added from Sofia Echo. още »

The preposition of ArcelorMittal for the purchase of 71% of Kremikovtzi metallurgic mill is quite more considerable than the offer of the Ukrainian businessman Konstantin Zhevago. This was announced by Angelo Moskov, representative of QVT Fund, one of the shareholders of the allowed loan of 325 million EUR.According to his words the deal's delay is due to the law's complexity of the deal. още »

Summer tourism season in Bulgaria mountain resort of Bansko started with the folklore festival 'Between Three Mountains', informed the mayor of the city Aleksander Kravarov. He highlighted that the event coincides with the holiday of Bulgarian education and Slavic literacy - May 24. The opening of the season enters in the atmosphere of the holidays of Bansko's traditions, organized every year by the municipality, Karvarov added. още »