Bulgaria’s competition authority said on Friday that it has allowed the planned acquisition of four local radio and TV operators by Nova Broadcasting Group, which is owned by […]
Category: Business in Bulgaria
Bombardier Transportation Sets Up Unit In Bulgaria, Eyes Railway Projects
German mobility solutions provider Bombardier Transportation said that it has set up a 100%-owned subsidiary in Bulgaria in order to help the company expand its presence […]
TBS Group Shareholders Plan To Float Up To 30% Stake By End-2021
Bulgaria’s Telelink Business Services Group (TBS Group) [BSE:TBS] said on Thursday that three of its major shareholders are planning to float up to 30% of the […]
Bulgaria: BGN 2 Banknote Will Be Withdrawn From Circulation
The Governing Council of the Bulgarian National Bank decided to withdraw from circulation the banknotes with a face value of BGN 2, issues 1999 and 2005. […]
Transport Minister: BGN 30 Million Grants For Bulgarian Bus Carriers
BGN 30 million will be used to help bus carriers deal with the consequences of the COVID-19 pandemic. This was announced by the Minister of Transport, […]
More Than Half Of The Assets Of Insurance Companies Are Abroad
Insurance companies have taken 2.3 billion euro abroad in search of higher yields for their assets. The money is being transferred mostly to EU countries, […]
Five Bulgarian Commercial Banks Go Under Direct Supervision Of ECB
Five major Bulgarian commercial banks are to go under the direct supervision of the European Central Bank as of October 1, 2020, BNR reports. This […]
Bulgaria Is Highly Dependent On Lignite For Its Energy: Eurostat
Nine Member States in the European Union produce lignite, also called ‘brown coal’, for electricity and heat production, Eurostat data show. Germany is the main producer […]
Moderate Optimism About Bulgaria-Turkey Economic Relations Against Backdrop Of COVID-19 Crisis
The Covid-19 pandemic affected the entire world economy and millions of people lost their jobs. The crisis has led to contraction of consumption, cessation of […]
Bulgaria: EU Funds Have Led To Increased Wages, Business Investments, GDP Rise By 7.7%
EU funds have led to an increase in wages by 8.2% for the period 2014 to mid-2020. For the same period, the country’s GDP grew by […]