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Construction of Bulgaria'n Highway Final Section to Kick Off
Tuesday the Bulgarian government signed the contract for the construction of the last section of Trakiya highway set to connect capital Sofia to Black Sea city of Burgas.
So-called Lot 4, between the towns of Yambol and Karnobat in southeastern Bulgaria, has a deadline of 28 months for construction, which will kick off September 3.
Lots 2 and 3, joining Stara Zagora and Yambol, are under construction, while Lot 5 between Karnobat and Burgas is ready.
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Date: 2010-08-31 13:39:51 | Source: Novinite.com
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Bulgaria poised for autumn political season
Parliament resumes on September 1 2010 after its summer recess, with health care and judicial reform among top items on the agenda, while the opposition socialists seek support for a motion of no-confidence in Prime Minister Boiko Borissov’s Cabinet.
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Date: 2010-08-31 13:15:49 | Source: Sofiaecho.com
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Tighter controls on Bulgarian roads
Authorities step up checks on Bulgarian roads, collecting 275 000 leva in fines from vehicles with foreign registration in August alone, the Transport Ministry says.
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Date: 2010-08-31 13:15:48 | Source: Sofiaecho.com
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Bulgarian Telecom Vivacom Launches Digital TV Services
Bulgaria's Telecom Vivacom begins offering digital TV via satellite to be delivered directly to customers, Vivacom announced Tuesday.
The service will be available beginning September 1, all over the country, with three basic packages with different program lineups.
VIVACOM TV Start will cost BGN 9....
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Date: 2010-08-31 13:09:44 | Source: Novinite.com
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Moody's Affirms Bulgaria's Credit Rating with Positive Perspective
Moody's Investors Service has affirmed Bulgaria’s Baa3 credit rating with a positive perspective, announced the Finance Ministry.
In its assessment of Bulgaria’s current condition, Moody's has defined the country’s state finances as average for the EU.
In January 2010, the credit rating agency changed Bulgaria’s perspective from stable to positive reflecting the sustainability of the country’s finances with respect to the effects of the global financial crisis.
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Date: 2010-08-31 12:31:17 | Source: Novinite.com
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Bulgarians Increased Trips Abroad in Q2
The total number of trips Bulgarian citizens have made within the country and abroad dropped by 11% for the second quarter of 2010, according to preliminary data from Bulgaria's National Statistics Institute.
However, Bulgarians made about 23% more trips abroad in the second quarter this year, in comparison to the period April-June 2009, while the trips within the country dropped by 17%.
According to the data, vacations and trips have been the most common reason for the Bulgarians to travel ab...
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Date: 2010-08-31 12:05:14 | Source: Novinite.com
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French GDF Suez Set to Enter Bulgarian Energy Market
The Romanian affiliate of the French electricity generation and distribution company Gas de France Suez (GDF Suez) has submitted an application for a license in Bulgaria.
The news was reported during the Tuesday meeting of Bulgaria's National Electric Company (NEK).
GDF Suez report they want to enter the Bulgarian market now because there are signs of recovery, but do not plan to sell electricity inside the country rather purchase electric power from local producers and offer it in Romania, Gr...
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Date: 2010-08-31 11:40:28 | Source: Novinite.com
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Bulgaria's Key Chimimport Group Marks Marginal Up in Profits
The Bulgarian Chimimport Holding group has registered a 3% growth in net profits for the first half of 2010 notwithstanding greatly decreased revenue for the period.
Chimimport has registered a 20% drop in income due to shrinking in its non-financial activities, especially in transportation, which has shrunk 14%.
In the transportation sector, Chimimport holds Bulgaria Air, Hemus Air and Air Ban.
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Date: 2010-08-31 11:39:27 | Source: Novinite.com
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Cash is King as Bulgaria Hotels Seek to Change Hands
As sellers of property, hotels included, are going through hard times in Bulgaria, most deals are a result of cash payments, experts say and forecast that cash will remain king.
"Due to the restricted financing, deals can be concluded only by investors with money at hand. The forecasts for 2010 can best be described as "cash is the king," Anna Rizova-Clegg, Country Managing Partner in the Sofia office of DLA Piper, the international legal practice, said in an interview for Novinite....
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Date: 2010-08-31 09:40:55 | Source: Novinite.com
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