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Business
23-07-2008 14:15
Massive Hotel Bankrupts on Bulgarian Seaside
Average 3 - 4 holes are bankrupting every week on the Bulgaria seaside, the State Agency of Tourism (SAT) data shows. That was announced by the SAT chairman Anelia Krushkova.Dozens of hotels are being announced for sale, but there are no buyers. That's how, because of debts, the hotels become property of finance institutions, but is it possible for them to sell it, if their owners didn't manage, Krushkova rhetorically asks. още »
19-11-2008 17:03
Brazilian company interested in investing in "Kremikovtzi"
The Brazilian company CSN shows serious interest in investing in “Kremikovtzi”. The Bulgarian minister of economy and energy Peter Dimitrov, who is on official visit to Brazil, has met the chief executive officer of the company Banjamin Steinbruchm informs the press center of the economic ministry, cited by lev.bg.The main activity of CSN is in the metallurgic field. още »
19-11-2008 16:41
BTC lays off 230 people in southern Bulgaria
Nearly 230 people will be laid off from the department of BTC - Administrative region "South", BNR announced. 130 of them are in Plovdiv, Pazardzhik and Smolyan municipality, the regional coordinator of KNSB Tatyana Miran announced and added that 25 people have been discharged from the firm "Metal" as well.100 people have been discharged from "Maritzatex", because of a decrease of production, Dimitar Tabakov, national secretary of "Light industry" federation, announced. още »
19-11-2008 13:23
"Saubermacher" invests 9 million Euro in ecoinfrastructure
"Saubermacher Bulgaria" will invest over 9 million Euro in the construction of modern infrastructure for waste collection in the Sofia residential districts "Mladost", "Lyulin", "Ovcha Kupel", "Vitosha" and "Triadica", manager Stanimir Dobrev announced. The company won a municipal competition for the cleaning of the five districts and starts work on March 1 next year. още »
19-11-2008 12:09
“Bourgasgas” invests 5 M EUR in gas distribution network in 2009
“Bourgasgas” will invest 5 million euro in a new gas distribution network in Southeast Bulgaria in 2009, announced the executive director of the company Zlatin Dimov.The places to benefit the most from this decision are the Black sea resorts of Nessebar and Sunny beach. Meanwhile the construction of gas supply road on the territory of Aytos and Karnobat will continue. още »
19-11-2008 09:38
FT: Can Bulgaria cope with the financial crisis?
There are warning signals everywhere, yet the European Union’s poorest member insists it can weather the global financial crisis.Standard and Poor’s last month downgraded Bulgaria’s long-term debt to BBB. Fitch this month cut its rating to BBB- – just one notch above junk bond status.On Friday, the Bulgarian Industrial Association urged the finance ministry to redraft next year’s budget and cut the growth forecast from 4. още »
18-11-2008 16:34
Omani group interested in investing in Bulgarian tourism & agriculture
The Arab businessman Adile al-Shanfar, who is vice-president of the situated in Oman holding company “Al Shanfari Group”, will investigate the opportunities for investment in the field of agriculture and tourism in Bulgaria. This was announced after a working meeting between Shanfar and the mayor of the Bulgarian town of Pleven Nayden Zelenogorski. The company has interests in the field of energy, oil industry, tourism, trade, technologies, transport, automobiles, real estate management. още »
18-11-2008 15:23
GDF Suez could subsitute RWE in NPP "Belene"?
The French energy giant GDF Suez claimed on Monday that “in principle it is interested” in the purchase of a share in the second Bulgarian nuclear power plant “Belene”.Last month the Bulgarian government decided to determine the German energy company RWE for its strategic partner, who to buy a share of 49% of the planned NPP “Belene”. The Bulgarian side gave the opportunity the share of 49% to be divided into parts in order the second participant in the tender, the Belgian Electrabel, which is owned by GDF Suez, to be included in the investment. още »
18-11-2008 10:30
"Stomana Industry" stops production in Pernik
The production in "Stomana Industry" will be stopped in December. This was announced by the executive director of the metallurgical company Emil Zhivkov at a meeting with the municipal manager of Pernik Ivan Dimitrov.The influence of the world financial crisis in the region was discussed at the meeting.The last orders are being finished in the rolled iron departments, BNR announced. още »
18-11-2008 10:26
Incomes in Bulgaria continue to grow, slowly
Slight slowing down of the incomes growth in the last quarter register the analyzers from Industry Watch. The slowing down is around 5% and is a result of the economic crisis, explains the analyzer Krassen Yotov, cited by BNR.The incomes continue and are expected to continue to grow, but the speed of the grown decreases. For example, a year ago the growth has exceeded 25% annualy while at the moment it doesn't go beyond 10-15%, comment the analyzers. още »
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