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Bulgarian Govt to Demolish Hundreds of Hotels in Sunny Beach
Bulgaria's authorities are going to demolish 750 illegal buildings in the country's largest Black Sea resort Sunny Beach, announced Interior Minister Tsvetan Tsvetanov.
In his words, the buildings to be demolished are both "massive" and "temporary" or unfinished construction.
Tsvetanov made this announcement after meeting Thursday with the management of the Sunny Beach Jsc, with whom he discussed a number of issues plaguing the resort such as the noise, illegal cabs and rickshaws, pickpocketin...
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Date: 2010-07-22 17:49:06 | Source: Novinite.com
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Top-Level Japanese Business Delegation Set for Bulgarian Visit
The Bulgarian Chamber of Commerce and Industry (BCCI) is welcoming a delegation of Nippon Keidanren, the Japan Business Federation.
On Friday, July 23, 2010, the BCCI is going to host a meeting of the 33-member Japanese delegation with representatives of Bulgarian business and employers' organizations.
The high-ranking Japanese business delegation includes the two Co-Chairmen of the Keidanren Committee on Europe - Yokoyama Shinichi, who is also Chairman of the Sumitomo Life Insurance company, ...
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Date: 2010-07-22 16:31:01 | Source: Novinite.com
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EBRD Trims 2010, 2011 Growth Forecast for Eastern Europe
The London-based European Bank for Reconstruction and Development has modestly revised downward its forecast for the economies of east Europe to central Asia, citing risks arising from financial market volatility and the impact of fiscal tightening.
The EBRD's latest economic outlook has lowered its average growth forecasts for the region to 3.5% in 2010 from the 3....
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Date: 2010-07-22 15:27:12 | Source: Novinite.com
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Romania, Greece Businesses Flock to Tax Heaven Bulgaria
Romanian and Greek companies are moving in droves to Bulgaria lured by less red tape, cheaper labor, political and economic stability, reports say.
"Entrepreneurs are shutting down their companies in Romania after deciding to move to neighboring countries or just change their tax registration, attracted by the better conditions. The transfer of Romanian small and medium-sized enterprises to Bulgaria, Hungary, Croatia and even Moldova is turning into a mass phenomenon," writes the Romanian Eveni...
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Date: 2010-07-22 13:34:26 | Source: Novinite.com
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Sofia City Hall Seals Downtown Property Swap
The Sofia City Hall finalized Thursday the deal to swap its shares of the Central Market Hall and become the owner of the park near the Russian Church, both in the downtown of the Bulgarian capital.
The deal was sealed with the votes of municipal councilmen from the ruling center-right Citizens for European Development of Bulgaria (GERB) party and the right-wing Democrats for Strong Bulgaria (DSB).
The decision requires that Mayor, Yordanka Fandakova, transfers the 25% municipal share of the C...
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Date: 2010-07-22 13:28:10 | Source: Novinite.com
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Bulgarian Competition Watchdog Imposes Mimicry Fine
The Bulgarian state Commission on Protection of Competition imposed a BGN 10 290 fine on mattress producer AS&Co. for mimicry of the logo of rival TED company.
TED-BED filed a complained that this spring AS&Co....
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Date: 2010-07-22 11:59:35 | Source: Novinite.com
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Bulgarian Poaching Fishermen End up in Jail
The Bulgarian Executive Agency on Fisheries and Aquaculture announced that two persons are entering prison Thursday for illegal fishing, following a sentence by Sliven Regional Court.
The Agency on Fisheries and Aquaculture is the authority in charge of administering activities within the EU Common Fisheries Policy and other fishery-related duties of the Bulgarian state.
The two men were casting nets on March 10 in Zhrebchevo, Bulgaria's thrid-biggest dam, located on the Tundzha river in the s...
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Date: 2010-07-22 11:29:40 | Source: Novinite.com
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Sofia Municipality Gets Back Debt-Ridden Heating Utility
Heating utility Toplofikatsiya Sofia will be transferred back to the municipality along with its debts, exceeding BGN 510 M, the municipality council decided on Thursday following a long debate.
Council members from the centrist NDSV and leftist BSP parties vocally opposed the transfer, saying that the only solution to the utility problems is its privatization.
"The company is technically speaking bankrupt because its short-term takings are smaller than its obligations," councilor Vladimir Kar...
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Date: 2010-07-22 11:15:43 | Source: Novinite.com
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Bulgarian Right Wing Hands Anti-crisis Package to Cabinet
The co-chairs of Bulgaria's right-wing Blue Coalition handed Thursday to the co-chairs of the Parliamentary group of the ruling, center-right GERB party, Krasimir Velchev and Iskra Fidosova, a list of their concrete proposals for anti-crisis measures.
The move came on the heels of the Wednesday appeal of the Chair of the Parliamentary Budget Committee, Menda Stoyanova, also from the Citizens for European Development of Bulgaria (GERB) party to the right wing to present "concrete measures, not c...
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Date: 2010-07-22 11:02:46 | Source: Novinite.com
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Bulgaria's M-Tel Launches Own Mobile Phone Brand
Bulgaria's first and biggest mobile operator M-Tel has developed its own brand of mobile phones, which it is launching on the market, the company announced.
Shortly after the operator offered to its customers its own new brand netbook, M-Tel Light Book, it presented the phones M-Tel F100 and M-Tel S319.
M-Tel F100 offers clients fast Internet connection and opportunities for video conversations and photos, along with МР3 player, FM radio and micro SD slot....
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Date: 2010-07-22 11:00:42 | Source: Novinite.com
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Sofia, Berlin Mull Priority Joint Projects
The Mayor of Berlin Klaus Wowereit and Bulgarian Prime Minister, Boyko Borisov, discussed Thursday future joint projects between the German and the Bulgarian capitals.
The Berlin Mayor is in Bulgaria on the invitation of his Sofia counterpart, Yordanka Fandakova, who was also present at the meeting.
A priority project to be realized by Sofia and Berlin involves insulation of old panel buildings, Wowereit informed while Fandakova added the real details about the project will be ironed out in th...
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Date: 2010-07-22 10:26:51 | Source: Novinite.com
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Romanian EconMin: Romania, Bulgaria Not Competing for South Stream
Romania is not in vying with Bulgaria to secure a place in the Russian gas pipeline project South Stream, declared Romanian Minister of Economy Adriean Videanu Thursday in an interview for Romanian daily Adevărul.
"I would like to say that Romania is not in competition with Bulgaria. To the contrary, Romania considers partnership with Bulgaria on all energy projects to be very useful," commented Videanu regarding the recently signed agreement on South Stream between Bulgaria and Russia.
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Date: 2010-07-22 10:14:48 | Source: Novinite.com
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EVN Confirms Talks for Majority Stake in Bulgaria Thermal Plant
Austria's utility EVN has confirmed it is holding talks for the acquisition of a majority stake in Bulgaria's Maritsa East 3 coal-fired power plant.
The Executive Director of Italy energy giant Enel, Fulvio Conti, announced in March that the company is considering the sale of its 73% stake in Maritsa East 3, saying they are are not happy with the results on the Bulgarian market.
"Enel is currently holding talks with many companies and EVN is just one of them," a spokesman for the Austrian comp...
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Date: 2010-07-22 09:04:41 | Source: Novinite.com
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Romania Set to Attract French Company for 2nd NPP - Report
Romania has invited French nuclear power company Areva in the project for its second nuclear power plant, according to an interview of minister of economy Adreian Videanu published Thursday by Romanian daily Adevărul.
Videanu said that Romania needs the French experts and hopes that Areva will provide the best solution for the project. He had made the proposal during an official visit to Paris in the first week of June.
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Date: 2010-07-22 08:52:37 | Source: Novinite.com
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Benchmark Fund Puts on Sale Sofia Office Buildings
Benchmark Fund Estates REIT, one of the biggest property funds on the Bulgarian Stock Exchange, is holding talks on the sale of its largest project, a business center on Sofia's Tsarigradsko Shosse Boulevard.
"The market is very restricted at the moment. This is not what we expected and may be it is only because we offer a good product that we will be able to strike a deal, though not at the levels initially planned," Veselin Genchev, executive director of the fund, told Dnevnik daily.
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Date: 2010-07-22 08:23:48 | Source: Novinite.com
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Bulgarian PM Phones Putin over Russian Energy Projects
Bulgaria's Prime Minister Boyko Borisov and his Russian counterpart Vladimir Putin have had a telephone conversation over the large-scale joint energy projects.
The Borisov-Putin telephone call was made Wednesday night. It was reported by the Russian government's press service as cited by RIA Novosti.
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Date: 2010-07-21 19:44:28 | Source: Novinite.com
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