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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 »
11-11-2008 16:14
"Bulgartabac" with 65% market share
The market share of "Bulgartabac" is over 65%, Emil Dimitrov, chair of the Association of sellers and producers of tobacco and tobacco products at a press conference, a journalist of "Focus" agency reported. In the competition, Bulgarian tobacco production is vital and is able to compete, Dimitrov said. According to a survey carried out by MBMD, "Bulgartabac" has a market presence in 65. още »
11-11-2008 15:58
Bulgaria loses 75 M EUR from smuggled cigarettes
The Bulgarian state loses around 75 million euro from unpaid excise on the imported smuggled cigarettes, announced for BTA the Association of the producers and traders of tobacco and tobacco goods, informs dnevnik.bg.According to Emil Dimitrov, chairman of the Association the closure of the duty-free shops has a favourable effect on the market and the quantities of the legally sold cigarettes have increased. още »
11-11-2008 11:43
The value of assets in pension funds decreases
The assets of universal and voluntary pension funds, in which over 3,5 million Bulgarians make installments, have decreased in value as a result of the financial crisis. This was confirmed by the manager of the National Insurance Institute Yordan Hristoskov, cited by BNR.He allayed fears saying that the situation is not unusual and people are not losing their money, because after the crisis goes away the assets will restore their value. още »
11-11-2008 10:06
Bulgaria to receive 107M EUR under FP "Fishery"
The acceptance of documents under the functional program “Fishery” within which Bulgaria will receive nearly 107 million euro from the European Union starts today.The program for support of the fishery field till 2013 will be officially opened by the minister of agriculture and food Valeri Tsvetanov. The aim of the program is to secure sustainable development of the fishery branch, to develop the fish products market and to improve the quality of life in the fishing regions. още »
10-11-2008 11:12
Fitch lowered Bulgaria's rating
The agency for credit rating Fitch decreased the long-term rating in Bulgarian currency of Bulgarian state debt to “BBB-” with a stable perspective from “BBB” with negative perspective. The lowering of Bulgaria's rating is due to the increased risks of recession in response to a significant decrease in the foreign financial flows.The ratings of Kazakhstan and Romania are also reduced. още »
10-11-2008 09:46
New protest of "Kremikovtzi" metallurgists
The workers in the Bulgarian metallurgic enterprise “Kremikovtzi” are going to protest again because of the unkept promise they to get their salaries for August and September till last Friday. Sofia municipality has allowed the protest marches to continue till the end of the week. The first one will start from “Alexander Nevsky” square to the Ministry of economy and energy. още »
07-11-2008 17:04
The financial crisis might delay "Southern stream" even more
The financial crisis may force the Russian energy giant "Gazprom" to revise the project "Southern stream". This was announced by an employee of the company at a conference in Slovenia, AFP announced, cited by money.bg.The current financial crisis might influence to a certain degree the results of every international company, "Gazprom" being no exception - Stanislav Zyuganov, head of the department for international business for the Russian company, said. още »
07-11-2008 16:37
200 million levs "buried" in Sunny beach
About 200 million Euro at the moment are blocked in unsold apartments and real estate in the recreational complex Sunny beach and the surrounding area. Nearly 8000 apartments are waiting for their buyers, but in the last months the market of vacation properties in the region from Aheloi to Elenite has decreased significantly.The economic crisis in the USA and Western Europe forced many Englishmen, Germans and Scandinavians, who intended to invest in real estate in Bulgaria to withdraw from our market. още »
07-11-2008 12:08
Bulgaria and Greece to build an electric transmission network
The construction of an intersystem electric transmission network "Maritza Iztok - Nea Sanda" was discussed during the meeting of the Economy Minister and the Greek Minister of development Hristos Folias. The project can start by the end of 2008 and end by 2011.The two ministers signed a declaration on intentions, which calls for an intensification of the cooperation in the field of power engineering. още »
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