US company ‘ITT', active in the defence and civil sectors, plans to invest $400 million in Bulgaria, told from Balkantel, the company's local representative, quoted by Dnevnik a.m. ‘ITT' plans to build new production facilities as part of its local expansion. The company is after one of the major contracts for the modernisation of the Bulgarian armed forces: the procurement of communication and information systems for the general staff, land forces, navy and the air force, sources told Dnevnik. още »

Bulgaria is taking part of International Tourism Expo ‘Rest - 2008' in Minsk, Belarus. The show starts on Thursday and will continue till Saturday - April 12, reported from State Agency of Tourism (SAT).This is the biggest tourism expo in the Baltic country and this year will be its 11th edition.Last year the event was attended by all big Belorussian tour operators, Ministers, tourism organizations and foreign companies interested into the Belorussian market with a total number of 160 firms from 18 countries. още »

An International Monetary Fund (IMF) staff mission led by Albert Jaeger visited Sofia April 3-8 to discuss economic developments and prospects, with a focus on fiscal policy and the financial sector, as part of the regular policy dialogue with the Bulgarian authorities. The following statement was issued at the conclusion of the mission on April 8 by Juan Josй Fernбndez Ansola, Resident Representative, in the context of a press conference:"Economic growth has continued to perform well. още »

By preliminary data the common industrial production in February 2008 compared to the same month in 2007 has increased with 5.2%. The production index is defined in big rate by the index of the recycling industry, which has increased with 9% in February 2007. The significant increase is marked in the following spheres - production of machines, equipment and household devices with 32. още »

Near Pazardjik city (Southern Bulgaria) will be build the biggest solar station in Eastern Europe. It is foreseen to be located over an area of 2,000 sq m.The mayor of Pazardjik already had entered into the municipality council suggestion for the purchase of the land, estimated to almost 480,000 BGN (240,000 EUR).The investments are on the amount of over 30 million BGN (15 million EUR). още »

Eastern Europe faces the growing risk of a ''hard landing" as the world's financial crisis spreads wider, with serious spill-over dangers for Scandinavian, Italian and Austria banks that have lent heavily to the region, the IMF has warned.Current account deficits have reached extreme levels across much of the ex-Soviet bloc, hitting 22.9pc in Latvia, 21. още »

Most of the Bulgarians don't think that is possible Bulgaria to offer quality product in the sphere of boutique tourism, says data of a poll taken by Econ.bg and leaded by the end of March this year. Round 30% of the asked Bulgarians respond negatively to the question is it possible to exist boutique tourism in Bulgaria. They believe that the common public-economy condition of the state will prevent this business. още »

Less Scandinavians are expected to arrive on a holiday in Bulgaria this summer, warns the chairperson of Varna Tourism Chamber Marin Neshkov. The exodus was due to several crimes against Swedish citizens that the press in the Scandinavian country strongly related.The Britons on the other hand were in shock from local laws and now are selling the purchased from them apartments and villas in Bulgaria. още »

In 2009 Bulgaria is about to increase the wine deliveries of local wines to Russia.This was stated by Lutchezar Borisov, Deputy Minister of Economy and Energetic.He announced the intentions at the presentation of Bulgaria's best brands of wine and cognac in Sank Petersburg.According to data of Bulgarian statistical services in 2007 the export of vine wine to Russia increased with almost 30%. още »

First specialized exposition for yachts and water sports in Sofia will take place on April 9-13 in Inter Expo Centre. The leading firms in the sphere are gathering to satisfy Sofia citizens and guests' big interest and search in sea amusements.Scores of yachts, disposed over 4,000 sq m expo area will guarantee to the public unforgettable experience. още »