|
|
|
|
|
|
|
|
|
Hilton Opens First Property on Bulgaria's Black Sea Coast
The Doubletree by Hilton Varna will be the first property of the world-class hotel brand Hilton on the Bulgarian Black Sea coast.
It has been announced at a news conference in the Golden Sands resorts that Hilton Worldwide has signed a franchise agreement with Helios Hotels EAD, a wholly-owned subsidiary of Tetrareal AD, for a new Doubletree by Hilton hotel in Varna, Bulgaria.
It is the first Doubletree hotel in Bulgaria and the first Hilton-brand property in the country outside of the capital...
|
|
Date: 2010-07-21 18:17:36 | Source: Novinite.com
|
|
|
|
|
|
|
Berlin Mayor Vows to Help Bring German Investors to Sofia
Sofia Mayor Yordanka Fandakova has welcomed her Berlin counterpart Klaus Wowereit in the Bulgarian capital.
Wowereit is on a two-day visit to Sofia, and he is scheduled to meet Bulgarian President Georgi Parvanov and Bulgarian Prime Minister Boyko Borisov on Thursday.
The major topics of his conversations with Mayor Yordanka Fandakova had to do with spurring greater German investment in Sofia, and transferring knowledge to the Bulgarian capital about how to help the city attract more tourists....
|
|
Date: 2010-07-21 16:36:55 | Source: Novinite.com
|
|
|
|
|
|
|
Top Bulgarian Right-Winger Turns Department Store into Museum
The leader of the right-wing Democrats for Strong Bulgaria Party (DSB), Ivan Kostov, voiced Wednesday the idea to turn the building of the Central Department Store in downtown Sofia into a museum.
Kostov motivated his somewhat surprising idea to purchase from the current owners the emblematic building and make it the National History Museum with the fact the building, as a shopping center, can no longer compete with the number of modern malls popping all over the city.
"If I thought of it ear...
|
|
Date: 2010-07-21 12:40:38 | Source: Novinite.com
|
|
|
|
|
|
|
China Tycoon Richard Li Ready to Invest in Bulgaria's Vivacom - Report
Chinese billionaire Richard Li, who controls Bulgaria telecommunication company Vivacom, is ready to invest Vivacom in a bid to restructure its debt, reports Hong Kong newspaper South China Morning Post.
For the investment, Chinese telecom PCCW owned by Li would allegedly help out Li's troubled Pinebridge private equity fund.
"While PCCW and Pinebridge have no formal relationship beyond being companies controlled by Li, they plan to rescue Vivacom by jointly investing €180 million (HK....
|
|
Date: 2010-07-21 12:19:07 | Source: Novinite.com
|
|
|
|
|
|
|
Bulgaria's Burgas Airport Registers Busiest Day
The airport in the Bulgarian city of Burgas, which is close to the Sunny Beach resort and the UNESCO heritage town of Nessebar, has registered its busiest day of the year.
On Tuesday, July 20, the Burgas Airport had the record number of 142 flights; the overwhelming majority of these were charter flights bringing in tourists.
Usually, during the height of the summer season the Burgas Airport, which is the only airport along Bulgaria's southern Black Sea coast, services about 120 flights daily....
|
|
Date: 2010-07-21 12:00:57 | Source: Novinite.com
|
|
|
|
|
|
|
Bulgaria's Ruling GERB Vows New Public Tenders Act
Bulgaria's ruling center-right Citizens for European Development of Bulgaria (GERB) party is committed to pass in months a new Public Tenders Act.
The GERB Member of the Parliament, Emil Radev, said Wednesday the Act must be replaced entirely because its foundation is wrong, and none of the amendments can prevent all possibilities for violations, adding the Public Tenders Agency is now analyzing the issues and in about 6 months the new Act could be prepared.
Radev's words come on the heels of ...
|
|
Date: 2010-07-21 10:56:40 | Source: Novinite.com
|
|
|
|
|
|
|
Bulgaria Confirms Much Expected Greece PM Visit
George Papandreou, the Greek prime minister, will pay a visit to the Bulgarian capital Sofia on July 27, which is expected to be crucial for the future of the stalled Burgas-Alexandroupolis oil pipeline project, the foreign ministry has announced.
"A joint meeting of the governments of Bulgaria and Greece will be held on July 27 and presided by the prime ministers of the two countries Boyko Borisov and George Papandreou," the ministry spokesperson Vessela Cherneva said on Wednesday.
She pointe...
|
|
Date: 2010-07-21 10:34:18 | Source: Novinite.com
|
|
|
|
|
|
|
Bulgarian Ministers Vow Draconian Administrative Cuts
Bulgaria's Finance Minister, Simeon Djankov, announced Wednesday that about one third of all structures in the State administration will be cut.
Djankov spoke after the regular meeting to the Council of Ministers, which approved the plan for the administrative reform.
According to the Minister, the cuts will bring a minimum of BGN 18-20 M per month and BGN 200-250 M per year into the treasury with some of the savings already carried out and reflected in the 2010 updated budget while the others...
|
|
Date: 2010-07-21 10:29:46 | Source: Novinite.com
|
|
|
|
|
|
|
Zara Confirms Bulgarian Expansion
Spanish company Inditex, parent company of Zara and the world's largest and most internationalised fashion retailer, announced its intent to open three more stores in Bulgaria this year.
The store in the capital Sofia will be located on the fashion street Vitosha, but the location of the other two shops - in the Black Sea town of Burgas and Stara Zagora - was not immediately clear.
The company however is known to have signed contracts for the opening of stores in the Gallery malls, which will ...
|
|
Date: 2010-07-21 09:04:32 | Source: Novinite.com
|
|
|
|
|
|
|
Sofia Swaps Market Hall for Russian Church Park
The Sofia City Hall will swap its shares of the Central Market Hall in order to become the owner of the park near the Russian Church, both in the downtown of the Bulgarian capital.
The proposal comes from three municipal councilmen from the ruling center-right Citizens for European Development of Bulgaria (GERB) party and one from the far-right, nationalist Ataka party, and will be voted during the City Hall's last meeting Thursday, before their summer break.
According to the proposal the comp...
|
|
Date: 2010-07-20 16:19:06 | Source: Novinite.com
|
|
|
|
|
|
|
EVN, NEK Mull Reducing Bulgarian Hydropower Project Cost
The Austrian energy company EVN and the Bulgaria's National Electric Company (NEK) are considering several scenarios in the development of the Gorna Arda hydropower station, the companies announced.
The agreement for 70% ownership of EVN in the hydropower station to be constructed in south-eastern Bulgaria, and 30% remaining in Bulgaria's National Electric Company (NEK) was signed on Monday in Vienna during the official visit of Prime Minister, Boyko Borisov, to the Austrian capital.
The NEK C...
|
|
Date: 2010-07-20 15:30:51 | Source: Novinite.com
|
|
|
|
|
|
|
Bulgaria’s Unemployment Confirmed at 9.26% in June
Bulgaria's unemployment rate in June 2010 has been confirmed at 9.26% according to detailed data published Tuesday by the State Employment Agency.
The data has confirmed the preliminary estimates that Bulgaria's unemployment declined for four consecutive month.
...
|
|
Date: 2010-07-20 15:05:08 | Source: Novinite.com
|
|
|
|
|
|
|
Bulgaria's Unemployment Confirmed at 9.26% in June
Bulgaria's unemployment rate in June 2010 has been confirmed at 9.26% according to detailed data published Tuesday by the State Employment Agency.
The data has confirmed the preliminary estimates that Bulgaria's unemployment declined for four consecutive month.
...
|
|
Date: 2010-07-20 15:05:08 | Source: Novinite.com
|
|
|
|
|
|
|
Bulgaria Wants to Be 1st Operational Link in Nabucco Pipeline
The establishing of the Bulgaria-Turkey natural gas pipeline should become the first functioning part of the EU project for the Nabucco pipeline, believes Bulgaria's Economy Minister Traikov.
Traikov met Tuesday in Vienna with representatives of the senior management of the Austrian company OMV AG, which is one of the partners in the project, and with the CEO of the international project company Nabucco Gas Pipeline International, Reinhard Mitschek.
The Bulgarian Minister of Economy, Energy, a...
|
|
Date: 2010-07-20 14:24:46 | Source: Novinite.com
|
|
|
|
|
|
|
New Player Joins Bulgaria Telecom Debt Restructuring - Report
A strategic company, operating mainly on developing markets in the telecom and internet sector, has joined talks on how to restructure debts owed by Bulgarian phone company Vivacom AD, according to local media reports.
The new player, whose name was not disclosed, is in partnership with part of the company creditors, the so-called mezzanine lenders, Dnevnik daily reported, citing insiders.
The news comes two weeks after Hong Kong billionaire Richard Li was reported to be holding talks with lar...
|
|
Date: 2010-07-20 14:22:27 | Source: Novinite.com
|
|
|
|
|
|
|
Crown Agents Offer Tips as Farewell to Bulgaria
The British Crown Agents consultancy, whose contract with the Bulgarian government was suspended after it expired at the end of June, submitted Tuesday to Finance Minister, Simeon Djankov, their official report.
The report on the company's program to reform the Customs, offers to the Finance Ministry a list of 332 recommendations, because many of the undertaken program measures are in different stages of accomplishment, the company informs.
The British company has been consulting the country's...
|
|
Date: 2010-07-20 14:17:49 | Source: Novinite.com
|
|
| |
|