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Sat, Nov 21 2009
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Doctors drop plans for protests after meeting Prime Minister
People should realise health is not cheap or free, PM Borissov says.
Delayed Government payments widen Bulgaria’s leasing defaults
Delayed payments from the Budget as ministries and municipalities slash costs have been piling up pressure on companies scrambling to pay debts
Bulgarian Energy Holding might list on stock market by end-2010
Plans to list BEH or its subsidiaries have been mooted for months but the Government is yet to decide on how to do the listing.
Bulgaria's Finance Minister sees first shoots of recovery
Despite statistical data showing that the economy shrank in the third quarter, Bulgarian Finance Minister Simeon Dyankov was optimistic that the first signs of recovery were already visible.
Supreme Administrative Court rejects Chelopech Mining evironmental impact assessment
Bulgaria’s Supreme Administrative Court (SAC) has rejected at first instance the environmental impact assessment (EIA) by Chelopech Mining, the local branch of Canada's Dundee Precious Metals..
Bulgaria to list up to 15 per cent of energy holding, subsidiaries
A working group is being put together to negotiate gas supplies via the South Stream pipeline which will cross Bulgaria to carry Russian gas to Italy and Austria.
Bulgaria’s solar industry calls for fixed feed-in tariffs
Hristov said the move would guarantee stability and lower the risk for banks injecting a much-needed shot in the arm to the nation’s fledgling sector.
Olaf probes Bulgarian projects funded under Sapard programme
Half of Bulgaria’s remaining 189 projects earmarked to receive subsidies under the European Union's pre-accession aid programme Sapard by the end of 2009 are being probed by the EU's anti-fraud office Olaf and Bulgarian prosecutors.
Bulgaria moots higher excise on beer
Bulgaria’s Finance Ministry was considering an increase in the beer excise duty, sources familiar with the issue told Dnevnik.
Bulgaria central bank sees lending rise in 2010
Lending volumes in Bulgaria could begin to "increase slightly" at the start of 2010, the Bulgarian central bank said in its latest economic review quarterly report.
Bulgaria’s quarterly consumer confidence falls 5.9%
Bulgarian consumers confidence was down 5.9 percentage points in the third quarter of 2009, third-quarter data from the country's statistical bureau showed.
Bulgaria could raise gambling tax to 15% from January 2010
Bulgaria’s tax on gambling could be raised to 15 per cent as early as next year, according to a Cabinet plan made public on November 4.
Banks, Government pool efforts to bring down lending rates
Bulgarian banks will put forward a set of measures for implementation by the Government, designed to improve market conditions and preparing the ground for a long-anticipated cut in lending rates.
Central bank governor: Bulgaria should leave currency board intact
There should be no modifications or speculations when it comes to the currency board, Bulgarian National Bank governor Ivan Iskrov said.
Bulgaria to outline renewable energy zones
Bulgaria’s Environment Ministry will develop a strategy to designate areas that can host clean energy projects with no environmental impact, Environment Minister Nona Karadjova said.
Bulgaria to give up 55M euro in Phare aid
The ministry will ask the European Commission to revoke 4.8 million euro for 212 contracts that breached programme rules, in addition to 50.8 million euro on 10 road infrastructure projects.
Bulgaria’s deposit market loses steam in Q3 2009
The Bulgarian deposit market exhausted its capacity to provide liquidity for local lenders as recession strengthened its grip on the economy, the latest figures from the Bulgarian National Bank showed.
Bulgarian banks write down 1.8B leva as losses in January-September
Loans written off as losses by Bulgarian banks rose to 1.843 billion leva in the first nine months of this year, central bank figures showed.
Bulgarian Government seeks extension from BDZ’s creditors
Bulgaria’s Transport Ministry will meet on November 3 with the creditors of state railway carrier BDZ to ask for a grace period until the end of 2010.
Bulgarian stock exchange could cancel more than 200 delistings
The Bulgarian Stock Exchange (BSE) could decide to scrap the planned delisting from the regulated market of about 200 rarely-traded public companies that have more than 800 000 shareholders,
Bulgaria Finance Minister alleges secret fiscal reserve deal
Secret agreement between Finance Ministry and central bank put the country's reserve at risk, Finance Minister says.
Fewer than 50 hybrid vehicles sold in Bulgaria
The Government was still not offering incentives for vehicles driven by two or more distinct power sources.
Sweden’s EQT buys Bulgaria's CableTel, Eurocom in 200M euro deal
After completion of the purchase, EQT will merge the two companies, creating Bulgaria’s largest cable TV operator.
Bulgarian water bottler Gorna Banya sold to Armenians for 25M euro
Gagik Tsarukyan is the owner of Armenia-based company Multi Group Concern. Local media describe him as an influential politician and businessman. A former wrestler, boxer and arm wrestler, he has a holding company that comprises construction, telecommunications, transportation, and food businesses, among others.
Bulgarian banks top by asset growth in CEE
Banks in Bulgaria, Hungary and Slovakia achieved the fastest growth in assets among their peers in Central and Eastern Europe in 2009, according to a survey by global research outfit Research and Markets.
Bulgaria's business climate darkens again
Bulgaria's business confidence index slumped for another consecutive month in October 2009, when the business climate index shed 1.3 percentage points from September, the National Statistics Institute (NSI) said
Pensioners big winners in Bulgaria’s 2010 Budget Bill
Finance Minister Simeon Dyankov likens Budget 2010 to a thin pizza, and the financial legacy of the previous government to a non-existent pizza.
Bulgaria business property deals contracted sixfold – Forton
Office rent transactions peaked at 65 000 sq m between July and September 2008, but collapsed to 10 700 sq m in Q3 2009, Forton manager Sergei Koinov said.
Central European Media Enterprises reports increase in losses
CME is the owner of the Bulgarian based PRO.BG and Ring.BG television channels.
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