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novinite.com | Business The News View source archive --> Search this source --> ·German Investors Suggest 101 Law Amendments to Bulgarian PM Members of the German-Bulgarian Chamber of Commerce and Industry (DBIHK) have handed the Bulgarian Prime Minister Boyko Borisov a list with 101 ideas for legislation amendments.The list with recommendations to change a total of 24 Bulgarian laws was presented to Borisov Thursday by Bertram Rollmann, President of the German-Bulgarian Chamber of Commerce and Industry (Deutsch-Bulgarische Industrie- und Handelskammer) d ... ·Bulgaria Rushes to Build Highway from Sofia to Serbian Border The highway connecting Bulgaria's capital Sofia with the Kalotina border crossing on the Serbian border will be ready by 2015, announced Bozhidar Yotov, head of the Road Infrastructure Agency.Yotov spoke Thursday after the first meeting of a special working group, during which Bulgarian Prime Minister Boyko Borisov demanded from several ministries, the road agency, and several municipalities that the highway from Sof ... ·'Alcohol Tourism' Said to Dominate Bulgaria's Southern Black Sea Coast An increasing number of foreigners and Bulgarians alike are engaging in what has been described as "alcohol tourism" in the numerous resorts along the country's Southern Black Sea coast.Scores of restaurants, discos, and hotels in the southern resorts, including Bulgaria's largest resort Sunny Beach, are offering cheap alcohol and cocktails which are attractive to both foreign and Bulgarian tourists, reports the Varn ... ·Ex Bulgarian Energy Minister Escapes Prosecution Bulgaria's former Energy Minister, Rumen Ovcharov, will not be probed by the Sofia City Appellate Prosecutor's Office over the annexes to the gas contracts signed with Russia in 2006.The information was reported Thursday by the prosecutors in the case, saying there is no evidence of a crime and the claim is prescribed because the Amnesty Act postulated that no one can be prosecuted for premeditated mismanagement exec ... ·Bulgarian Labor Minister Confirms Gradual Retirement Reform The number of years of service required for retirement will increase gradually beginning January 1, 2011, Bulgaria's Social Policy and Labor Minister, Totyu Mladenov, reconfirms Thursday.Mladenov made the announcement after a meeting with the parliamentary group of the opposition left-wing Coalition for Bulgaria, led by the Bulgarian Socialist Party (BSP).The Minister explained the required number of years will go up ... ·Cleves Launches New Luxury Rental Project in Sofia Cleves, a luxury Sofia apartment rentals company. has opened a brand-new 15-apartment development at Cherkovna Str in Sofia's Oborishte municipality.Cleves Cherkovna is the company's most central rental property to date. The new property, which was formally presented to the media Wednesday night, is just to the east of the Doctors Garden. The developer was Prime Property BG REIT.This is the company's fourth property ... ·Bulgaria's Revenue Agency Wants Access to Credit Records Bulgaria's revenue agents must have full access to the credit records of companies that have applied for business loans, the Director of NRA, Krasimir Stefanov, says.Stefanov spoke Thursday in an interview for the Bulgarian National Radio, BNR, saying it is a very urgent and pressing matter to grant this access because during the so-called "credit boom" businesses presented to banks forged information much different ... ·Bulgarian Tourists Stranded in Greece over Hauliers Strike Thousands of tourists from Bulgaria, Russia and Serbia, who are traveling by car, remain stranded in northern Greece because of the lorry drivers strike, officials have said."Bookings by tourists from neighboring countries have also been frozen because of the strike," the head of the Hellenic Hotels Federation, Andreas Andreadis, said in a television interview Thursday.The interview came just as the Greek government ... ·Bulgarian Trade Representatives Asked to Lure Foreign Investors Increase of direct foreign investments and of export are defined as the two main tasks for Bulgaria's trade attaches abroad by Economy and Energy Minister, Traicho Traikov.The Minister presented Thursday the new rules for the application process, the work and the assessment of the performance of the trade representatives and opportunities for their staff development.Traikov spoke during a meeting with economy experts ... ·CME: Ad Spending in Bulgaria Down by 12% in 2010 Central European Media Enterprises Ltd., which bought Bulgaria's first national private television bTV earlier this year, has forecast that ad spending in Bulgaria will fall by 12% in 2010."TV add spending in 2010 did not match our expectations for recovery. Therefore, the whole year will be challenging," Chief Executive Adrian Sarbu said in a conference call."Overall, the second half of the year will show positive ...

Bulgarian News Network: Bulgaria: Business The latest bulgarian news online in English. The shortest cut to the heart of the Balkans. Section: Business. View source archive --> Search this source --> ·GdF, Dalkia eye privatisation of Sofia steam heating utiulity France's utility operators Gaz de France and Dalkia are interested in the forthcoming privatisation of Sofia's steam heating company "Toplofikatsiya", minister of industry Traicho Traikov said Tuesday. ·Bulgaria's economy to contract by 2% in 2010 - Fin Min Bulgaria's economy will contract by 2% next year compared to a 6.3% contraction this year, finance minister Simeon Djankov said as quoted by the media on Monday. ·Bulgaria sharply cuts budget deficit Bulgaria's budget deficit contracted to leva (BGN) 105 million in August from BGN 565 million in July due to belt-tightening measures enforced by the new government, finance minister Simeon Djankov said Tuesady. ·Bulgaria to emerge from crisis in April 2010, to cut VAT as from 2011: Fin Min Bulgaria's minister of finance Simeon Djankov expects the country to emerge from the economic crisis next April and is planning to cut its 20% flat-rate value added tax (VAT) to 16% between 2011 and 2013. ·Bulgaria expects to restore economic growth in 2011 Bulgaria expects to reverse current recession and be back to economic growth in 2011, a finance ministry forecast said Wednesday. ·Estate sales in Bulgaria crumble 42% in first half The number of real estate deals struck in Bulgaria during the first half of 2009 has declined 42% compared to the same period of the previous year, Raiffeisen Properties reports, quoted by Novinite Dnes daily on Tuesday. ·Bulgarian export through Danube ports falls 55% Exports through Bulgaria's ports along the Danube river ports fell by 55% during the first half of 2009 compared to the same period of the previous year, data released by the Regional Customs Agency in Ruse revealed Sunday. ·Bulgaria mulls spending cuts, shelving energy projects with Russia Bulgaria's new government was expected Wednesday to start its four-year term of office with a discussion how to cut budget spending by the equivalent of 1 billion euros and forestall a fiscal gap in the end of the year. ·EQT V acquires Bulgarian cable market leader North European investment fund EQT V ltd. will acquire the shares of Bulgarian cable operator market leader Evrokom Kabel, after the Commission for Protection of Competition approved the deal Tuesday. ·Bulgaria to tax bloggers Every Bulgarian blogger who receives money for advertising on his web page will have to pay taxes and social insurance, 24 Chasa daily reports Saturday, citing instructions from the National Revenue Agency.

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