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International Travel Trade Show Opens in Berlin
The largest tourist expo - International Travel Trade Show, ITB, is opening in Berlin Tuesday with the participation of over 11 000 companies from 187 countries.
Bulgaria is represented by 32 tourist businesses and organizations with an exhibit displayed on 520 square meters. The motto of the 2010 presentation is - "Bulgaria - Modern, Year-Round Tourist Destination....
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Date: 2010-03-09 17:20:56 | Source: Novinite.com
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Bulgaria Minister: Beach Concessions Costs Will Drop 30%
Bulgaria's government will shortly approve a new strategy for development of the country's beaches, and will lower the cost of concessions and rentals.
Rosen Pleveneliev, Minister of Regional Development, has made this announcement on Tuesday, at a meeting with the Confederation of Employers and Industrialists in Bulgaria.
Plevneliev said government approval would be within 10 days and that the first new concession procedures would start within one month....
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Date: 2010-03-09 17:08:50 | Source: Novinite.com
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Bulgaria Mulls Creating National Water Company
Bulgaria is considering the establishment of a National Water company (NWC) similar to the existing electric one (NEK), according to Regional Minister, Rosen Plevneliev.
Plevneliev spoke Tuesday during the meeting with the Confederation of Employers and Industrialists in Bulgaria (CEIBG)
The aim is to consolidate the water sector whose network is now too fragmented, leading to water losses of 55% to 70%....
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Date: 2010-03-09 17:02:00 | Source: Novinite.com
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Finance Ministry: Stanishev Govt Shattered Bulgaria's Fiscal Reserve
Bulgaria's former government spent an enormous amount of money from the country's budget surplus and fiscal reserve at the end of 2008, according to the Finance Ministry.
The Ministry issued the statement Tuesday on the heels of a Monday announcement that the ex cabinet of the Three-Way Coalition spent the unprecedented BGN 1,2 B in the first half of 2009. The left-wing countered that it was an attempt of the Ministry to find excuses for its failure to collect revenues.
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Date: 2010-03-09 16:09:49 | Source: Novinite.com
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Bulgaria Gambling Regulator Finds Mass Casino Violations
Bulgaria's Gambling Commission found violations of the gambling laws in over half of the casinos it inspected last month, the regulator reported Tuesday.
A total of 99 casinos were inspected in a 1 month period from February 8 - March 8, with 45 of them showing violations of the gambling laws and other irregularities.
The violations included gaming equipment and jackpot systems that were not listed in the permit for the facility and casinos allowing entry to people without requesting identity ...
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Date: 2010-03-09 16:04:32 | Source: Novinite.com
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Crisis May Lead to Capital Transfers from Greece to Bulgaria
It is absolutely certain that Greek-owned banks are not draining liquidity from Bulgaria, according to Dimitar Kostov, Deputy Governor of the Bulgarian National Bank.
This concern was raised by Finance Minister Simeon Djankov last week but was subsequently repudiated officially by the Bulgarian National Bank, including by its Governor Ivan Iskrov, who even criticized the Djankov for his statement.
During a round table in Sofia dedicated to the capital marker in Bulgaria, Kostov declared that t...
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Date: 2010-03-09 14:47:05 | Source: Novinite.com
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Slump in Bulgaria's New Cars Market Slows down
Bulgaria's new cars market declined by 44% in February 2010 year-on-year.
According to the Association of Car Producers and Authorized Dealers, only 1 248 new cars were sold in Bulgaria in February.
However, the decline is slowing down compared to a drop of 47,6% in January, and of 52% in all of 2009.
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Date: 2010-03-09 13:50:14 | Source: Novinite.com
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Bulgarian MP Sells Lucrative Plot in Varna Sea Garden - Report
A Member of the Bulgarian Parliament is selling through a real estate agency a large land plot in the beautiful park in the Black Sea capital Varna, known as the Sea Garden.
The news was reported Tuesday by the local Varna daily "Narodno Delo," citing their own source - a broker from the agency.
The 7-decare plot is near the so-called Dolphin House and the garden center "Mimoza" and has all necessary paperwork for construction of apartments and offices.
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Date: 2010-03-09 13:01:48 | Source: Novinite.com
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Bulgaria Officially Snubs Fitch
Bulgaria's finance ministry has slammed as "manipulation of the public opinion" Fitch Ratings agency forecast of lowering the country's credit rating to junk.
"Fitch Ratings agency has made an attempt to manipulate the public opinion by saying it will downgrade Bulgaria's rating a month after we informed them of our intention to suspend our contract with them in a bid to cut costs," Deputy Finance Minister Ana Mihaylova said on Tuesday.
She announced that Deputy Prime Minister and Finance Mini...
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Date: 2010-03-09 12:20:23 | Source: Novinite.com
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Govt Assuages Fears Bulgaria's Flat Taxes May Be Raised
Bulgaria's corporate and income taxes - currently set at flat rates of 10% - will not be increased, according to Deputy Finance Minister Ana Mihaylova.
Mihyalova has repudiated the claims floated in the Bulgarian media that further tax increases might follow after on Monday the government decided to increase the employees' social security payments by 2% to make them 10%.
The Cabinet made this move in order to replace funding in the reserves of the National Health Insurance Fund which will be u...
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Date: 2010-03-09 11:11:46 | Source: Novinite.com
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