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Melrose Finds New Natural Gas Deposits in Bulgaria
Natural gas prices in Bulgaria will go down in the fall of 2010 as a result of extraction from three new deposits discovered by UK-based company Melrose resources.
The three new natural gas deposits - Kaliakra, Kavarna, and Karvana East - are located in the very northeast of Bulgaria, in the Black Sea off the Kaliakra Cape.
The discovery of the new deposits was announced Wednesday by Bulgaria's Economy Minister Traicho Traikov together with the CEO of Melrose David Archer and UK Ambassador to ...
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Date: 2010-07-28 15:29:52 | Source: Novinite.com
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NGO Outraged by Sofia City Hall Property Swap
The Sofia City Hall must revise their decision to bind the purchase of the land plot near the Russian Church with the sale of its share of the Central Market Hall, the NGO "Civic Committee for Salvation 2000," demands.
Citizens insist on obtaining from the municipality complete information about all procedures involved in the deal and want it published on the internet, along with the reports of the appraisers.
They further ask the Mayor, Yordanka Fandakova, to comply with the Construction and ...
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Date: 2010-07-28 13:58:37 | Source: Novinite.com
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Majority of Bulgarians to Skip Summer Vacation
A large majority of all Bulgarians, sixty three percent, are not going on vacation this summer, according to a recent poll of the National Center for Study of Public Opinion (NZIOM).
The poll shows results not much different than two years ago when this percentage stood at 64.
Similarly to previous years only young people, people with college education and the residents of the capital Sofia are more inclined to travel for leisure during the summer season - about 60% from all three groups plan ...
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Date: 2010-07-28 13:28:20 | Source: Novinite.com
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Bulgaria Troubled Steel Behemoth Assets Put on Sale
The site and assets of Bulgaria's largest steelmaker Kremikovtzi will be offered for sale in the middle of September, four months after the behemoth was sent into liquidation.
The closed-bid auction will start at BGN 565 517 510, which according to trade unions and analysts is far below the market price.
It was not immediately clear whether investors have declared interest in the sale.
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Date: 2010-07-28 12:02:00 | Source: Novinite.com
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Bulgaria's July Business Climate Shows Signs of Recovery
The business climate in Bulgaria is showing some signs of recovery in July with an increase of 1,4 points compared to June, according to the latest figures from the National Statistical Institute (NSI).
The industrial business climate index growth of 2.3 point in July was mainly due to improved assessment of industrial managers about the enterprises' current state and moderate optimism regarding upcoming months.
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Date: 2010-07-28 12:00:46 | Source: Novinite.com
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Romanian Companies Mull Over Moving to Bulgaria
Romanian companies have announced their intentions of moving their businesses to Bulgaria due to the tax policies in Bucharest, the Romanian "Ziarull Financiar" reports.
"The new measures, taken on a daily basis by the government, do not surprise me. I want to move Interagro's headquarters to Bulgaria in September....
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Date: 2010-07-28 11:50:08 | Source: Novinite.com
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Spain's Grupo Ortiz, Electra Set Up JV for Bulgaria Market
Spain's energy group Electra Holding announced it has joined forces with Madrid-based construction firm Grupo Ortiz to work on infrastructure projects in Bulgaria and other countries in Eastern Europe.
The construction company will hold a majority stake in the newly formed joint venture company, which is called Ortiz Electra and plans to run in tenders for the construction of railways and purifying stations.
In April energy holding Electra announced it plans to build a 100 MW wind power park ...
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Date: 2010-07-28 08:29:41 | Source: Novinite.com
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Lufthansa Technik Expands in Bulgaria
Lufthansa Technik Sofia, a joint venture between Germany's Lufthansa Technik and the Bulgarian Aviation Group, announced it will invest in the construction of new facilities for aircraft overhaul and maintenance near Sofia Airport.
The company, which has served so far 40 planes of more than 20 airlines in Europe, the Middle East and Northern Africa, said it has been flooded by orders and will accept no more by the end of 2011.
Another 35 aircraft will be serviced over the next 17 months.
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Date: 2010-07-28 06:44:07 | Source: Novinite.com
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CME Q2 Revenue Up Thanks to Bulgarian Acquisition
Central European Media Enterprises Ltd., which bought Bulgaria's first national private television bTV earlier this year, said its revenues rose 10.3% to USD 201....
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Date: 2010-07-28 06:25:24 | Source: Novinite.com
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Ex PM: Borisov Govt Stalls Burgas-Alexandroupolis Pipeline
Bulgaria is going to have to pay penalties of about EUR 0.5 B if it gives up and thus kills the Burgas-Alexandroupolis oil pipeline project, according to former PM Sergey Stanishev.
Stanishev, whose government approved the oil pipeline agreement with Russia and Greece in 2007, expressed his concerns about the polices of the current Bulgarian Cabinet during a meeting with Greek Prime Minister George Papandreou in Sofia.
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Date: 2010-07-27 17:52:01 | Source: Novinite.com
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Bulgaria's Revenue Agency Connects Online to 160 Stores
The National Revenue Agency has established a distant connection to 160 retail stores of 10 companies in Bulgaria.
The online connection is established through an integrated automated system for trade management. The system registers the sales analogically to the cash registers and is in constant Internet connection to the National Revenue Agency (NAP).
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Date: 2010-07-27 14:28:55 | Source: Novinite.com
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3 Law Firms to Tackle Ex Bulgarian Tsar Properties
The Bulgarian Ministry of Regional Development has hired three top law firms to analyze all documentation related to the properties of former Tsars Ferdinand I, Boris III and their heirs.
The documentation has been collected by the temporary parliamentary committee on the confiscated and later reinstated royal properties.
After conducting a thorough analysis, the legal experts have been assigned the task to collect any additional paperwork and asses the possibility for the Bulgarian State to s...
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Date: 2010-07-27 13:27:00 | Source: Novinite.com
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Bulgaria, Greece Move to Boost Railroad Cooperation, Traffic
The transport ministries of Bulgaria and Greece have signed a joint declaration for cooperation aiming at facilitating and increasing the railway traffic.
The document was signed in Sofia Tuesday by the Bulgaria's Minister of Transport, IT, and Communications Alexander Tsvetkov, and Greece's Minister of Infrastructure, Transport, and Networks Dimitrios Reppas during the joint sitting of the Cabinets of Bulgaria and Greece.
The joint declaration outlines the priorities on which Bulgaria and Gre...
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Date: 2010-07-27 13:07:29 | Source: Novinite.com
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Bulgaria Still Stands Chances to Attract Huge Investment by Austria's Voestalpine
The decision of the Austrian steel giant Voestalpine AG to make a large-scale investment in a new steel plant in the Black Sea region is still up in the air, the company told Novinite.com (Sofia News Agency).
Voestalpine announced in early 2008 that it planned to invest EUR 5 B in the building of a steel plant in either Bulgaria, Romania, Turkey or Ukraine.
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Date: 2010-07-27 12:23:11 | Source: Novinite.com
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Czech Power Utility to Invest BGN 2 M in Renovation
The Czech-owned electric power utility CEZ will invest BGN 1 936 000 M in a renovation of the "Metro"subfeeder, which provides electricity to the northwestern region of the Bulgaria's capital.
According to the company, the renovation will increase the safety level and will provide power for the development of new residential and business projects in the area. It will also decrease the number of breakdowns and will cut the repair time by 15 minutes.
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Date: 2010-07-27 11:58:21 | Source: Novinite.com
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