ArcelorMittal, the world's largest steel maker, is understood to have emerged as the successful bidder for Bulgarian steel company Kremikovtzi. In a structured deal, ArcelorMittal is believed to have agreed to pay $1.2 billion for the Balkan country's largest steel mill. As part of its purchase commitment, ArcelorMittal has given a loan of $47 million to meet Kremikovtzi's immediate fund requirements. още »

The Israeli investments in Bulgaria exceed $1 billion, informed the Israeli Ambassador to Bulgaria Noah gal Gendler on Tuesday, May 20 while visiting the city of Shumen (North - Eastern Bulgaria). He pointed out that the Israeli businessmen are content and find no obstacles to invest in the country.The problem they see is the shortage of qualified work hand. още »

The authorised Toyota distributor for Gabrovo and Veliko Tarnovo regions (Central Northern Bulgaria) informed for intentions of investing 2,2 million EUR in a new auto service center in the city of Gabrovo. The complex, which is located in the Northern industrial zone of the city, includes offices, warehouse, service shop and a retail outlet for auto accessories, explained from the Dnevnik daily. още »

“Kremikovtzi” urgently to declare in insolvency and the enterprise to have a new owner. These are the demands of Confederation of labor “Podkrepa”.In a declaration to the Bulgarian prime minister Sergei Stanishev and the minister of economy and energy Peter Dimitrov, the syndicates warn that if by the end of the week funds for raw materials are not secured, the enterprise will stop working and the workers will start protests. още »

The first two Burger King restaurants in Bulgaria will be opened in June, informed from Amrest Bulgaria, the franchise company, quoted by the Dnevnik a.m. The two fast food locations will be at the City Center Sofia shopping mall and at Mall Varna. The official opening in Varna is foreseen for June 12. AmRest already operates for Burger King outlets in Poland. още »

ArcelorMittal gave 30 M euro to “Kremikovtzi” in compliance with its proposed plan for urgent funding, informed from the Bulgarian enterprise.Part of the money will be used to pay the salaries of the employees and to manage all unpaid duties as well as the immediate expenses for capital investments of the company.The remaining funds will be invested in supply with raw materials, spare parts etc. още »

Bulgaria is now out of top 10 for most attractive destinations for investments in real estates. This was informed by the properties website Propertyshowrooms.com, quoted by local business media investor.bg.According to the research Brazil ranks first, followed by USA. Third is Canada and Turkey is right after.The rest in top 10 are: Morocco, Malaysia, Egypt, Panama, Estonia and Romania. още »

'Despite the dynamic development of the construction sector in Central and Eastern Europe (CEE), the offering of new housing estates still can't satisfy the demand completely' the CEE director of ‘UniCredit Group' Erich Hampel says. Although the region has high rate of own property, the households still look for a way of improving the living standard. още »

New Castle star Michael Owen is another footballer, talked of to replace the leaving Dimitar Berbatov in Tottenham. The English national still has no contract with his team New Castle and the Spurs will make anything possible to attract him as club's first target Samuel Eto'o is on his way to slink out. The Cameroon striker of Barcelona is about to prefer Arsenal's offer rather than the Spurs' one as he feels more secure of his future at the Emirates, where Arsene Wenger stakes strongly on African players. още »