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International Travel Trade Show Opens in Berlin  
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....
Date: 2010-03-09 17:20:56 | Source: Novinite.com
Bulgaria Minister: Beach Concessions Costs Will Drop 30%  
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....
Date: 2010-03-09 17:08:50 | Source: Novinite.com
Bulgaria Mulls Creating National Water Company  
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%....
Date: 2010-03-09 17:02:00 | Source: Novinite.com
Finance Ministry: Stanishev Govt Shattered Bulgaria's Fiscal Reserve  
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. ...
Date: 2010-03-09 16:09:49 | Source: Novinite.com
Bulgaria Gambling Regulator Finds Mass Casino Violations  
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 ...
Date: 2010-03-09 16:04:32 | Source: Novinite.com
AmCham Sixth Annual Ski Tournament moves to Borovets  
AmCham Sixth Annual Ski Tournament moves to Borovets
This year's AmCham race will be in Borovets in Pirin mountain on March 13 2010
Date: 2010-03-09 15:15:20 | Source: Sofiaecho.com
Berbatov's outburst - The Hatergate  
Berbatov's outburst - The Hatergate
Bulgarian skipper lashes out at Bulgarian media in a passionate personal blog.
Date: 2010-03-09 15:15:18 | Source: Sofiaecho.com
Crisis May Lead to Capital Transfers from Greece to Bulgaria  
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...
Date: 2010-03-09 14:47:05 | Source: Novinite.com
Slump in Bulgaria's New Cars Market Slows down  
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. ...
Date: 2010-03-09 13:50:14 | Source: Novinite.com
European Parliament eases travel rules for non-EU nationals  
European Parliament eases travel rules for non-EU nationals
Long-stay visa holders to have greater freedom to move around the EU, by being allowed to travel to most other EU states for three months in any six-month period in the same way as a residence permit holder.
Date: 2010-03-09 13:15:53 | Source: Sofiaecho.com
Bulgarian MP Sells Lucrative Plot in Varna Sea Garden - Report  
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. ...
Date: 2010-03-09 13:01:48 | Source: Novinite.com
Bulgaria Set to Double Energy Efficiency in Production by 2020  
Bulgaria Set to Double Energy Efficiency in Production by 2020
Bulgaria aims at cutting energy use by half for every unit of GDP by 2020, announced the Deputy Minister of Economy Evgeny Angelov. Angelov participated in Tuesday's opening of a seminar "Renewable energy sources - wind and solar energy" in Sofia. ...
Date: 2010-03-09 12:42:25 | Source: Novinite.com
Bulgaria Officially Snubs Fitch  
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...
Date: 2010-03-09 12:20:23 | Source: Novinite.com
Exhumed corpse of former Cypriot president found  
Exhumed corpse of former Cypriot president found
Papadopoulos served as president of Cyprus from February 28 2003 to February 28 2008
Date: 2010-03-09 11:13:31 | Source: Sofiaecho.com
Moody's says Bulgarian banking system outlook negative  
Moody's says Bulgarian banking system outlook negative
Moody's said that the opinion was not a projection of rating changes, rather the credit agency's view on the likely future direction of fundamental credit conditions in the industry over the next 12 to 18 months.
Date: 2010-03-09 11:13:30 | Source: Sofiaecho.com
Migrants are ‘an opportunity for host societies’, European church meeting told  
Migrants are ‘an opportunity for host societies’, European church meeting told
The role of the Church should be to stand with migrant brothers and sisters, says the head of the Churches’ Commission for Migrants in Europe.
Date: 2010-03-09 11:13:30 | Source: Sofiaecho.com
Icesave ‘a bilateral issue’, should not delay Iceland’s EU talks – MEPs  
Icesave ‘a bilateral issue’, should not delay Iceland’s EU talks – MEPs
After Icelandic voters rejected repaying the UK and the Netherlands 3.9 billion euro lost in the Icesave crash, MEPs said this should not stop EU accession negotiations going ahead.
Date: 2010-03-09 11:13:29 | Source: Sofiaecho.com
Budget carrier Cimber Sterling will link Sofia and Copenhagen  
Budget carrier Cimber Sterling will link Sofia and Copenhagen
The budget carrier Cimber Sterling is launching a new service between Sofia and the Danish capital Copenhagen
Date: 2010-03-09 11:13:28 | Source: Sofiaecho.com
Prospects for 2010 tourism season 'upbeat' - Eurobarometer  
Prospects for 2010 tourism season 'upbeat' - Eurobarometer
Spain, France and Italy most popular destinations among Europeans who already have made 2010 holiday plans
Date: 2010-03-09 11:13:26 | Source: Sofiaecho.com
Govt Assuages Fears Bulgaria's Flat Taxes May Be Raised  
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...
Date: 2010-03-09 11:11:46 | Source: Novinite.com
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