26 January

Bulgaria to accept Schengen visas as equivalent to Bulgarian

  Bulgaria’s Cabinet approved, at a scheduled meeting on January 25 2012, a proposal to accept Schengen visas as equivalent to Bulgarian visas for short stays.   This means that travellers who have Schengen visas will be able to enter and stay in Bulgaria for up to...

06 January

Bulgarian FinMin to meet banks about cost of borrowing

   Bulgarian Finance Minister Simeon Dyankov is to meet commercial banks and central Bulgarian National Bank to ask banks to reduce interest rates on loans, mass-circulation daily 24 Chassa said on January 5 2012.   Dyankov was quoted as saying in an interview that he was aware...

01 December

Remains of medieval church discovered in Bulgaria’s Sozopol

Archaeologists have discovered the remains of a medieval church, said to date from some time in the 12 th to 14 th centuries, and the front gate of the ancient city on the location of today's Sozopol, on the Bulgarian Black Sea coast.   The north wall and the apse of the church are just...

28 November

Varna ranks second by overnight stays in Q3 2011

  Revenue from overnight stays of Bulgaria's municipality of Varna exceeded 126 million leva in the third quarter of 2011, with foreigners contributing 87.5 per cent of the total, data by Varna's Regional Statistical Office showed on November 25 2011. In terms of overnight numbers in...

24 November

Bulgaria to promote local tourism in four countries

  Bulgaria will launch a campaign to promote local tourism in Romania, Sweden, Poland and Ukraine, weekly Capital said on November 22 2011. So far, Bulgaria has presented in these states opportunities for Bulgarian tourism only at specialised exhibitions. At the same time, statistics...

24 November

Bulgaria's Zagorka to build 2M leva green warehouse

    Bulgarian brewery Zagorka, a unit of Dutch brewing group Heineken, will invest two million leva in the construction of a warehouse, the company said on November 23 2011. The facility will be built on an area of 3000 sq m and will be certified under the Building Research...

22 November

Overnight stays in Bulgaria rise 19% Y/Y in Q3 2011

  Overnight stays in Bulgaria rise 19% Y/Y in Q3 2011 The number of overnight stays in Bulgaria rose by 18.9 per cent year-on-year to 1.769 million in the third quarter of 2011, the National Statistics Institute (NSI) said on November 18 2011. In July-September, overnight stays of...

22 November

Bulgaria's CiBank to lend 6M euro to Varna municipality

      Bulgaria's CiBank has won a public procurement tender to lend more than six million euro to the municipality of Varna, Public Procurement Agency data showed. According to the resolution published on the agency's website, CiBank was the sole participant in the...

09 November

Bulgaria's mortgage market has huge growth potential - MKB Unionbank

  Bulgaria's mortgage loan market still has significant growth potential, with several indicators remaining below levels in other states, Maria Ilieva, CEO of MKB Unionbank, said on November 7 2011 during the BalREc real estate conference in Sofia. Currently, residential loans per...

02 November

Bulgarian tourism marches confidently out of the crisis

Expectations for a better tourist season this year have been confirmed by statistics. In the first eight months of 2011, more than four million tourists visited Bulgaria, representing an increase of more than five per cent on the year. Sector revenues during the same period were also higher,...

02 November

Iceland's government proposes opening labour market for Bulgarians from 2012

The Icelandic government will submit in parliament a proposal to lift restrictions on the free movement of Bulgarian workers in the country, the Bulgarian Ministry of Labour and Social Policy said on November 1 2011. If the Icelandic parliament supports the proposal, Bulgarian citizens will...

02 November

Bulgarian banks achieve second Y/Y profit growth since financial crisis

In September 2011, profits at Bulgarian banks registered their second year-on-year growth since the start of the financial crisis, according to a report by the Bulgarian National Bank (BNB) on the state of the local banking system as of end-September 2011. For the first nine months of 2011, the...

16 August

Bulgarian navy marks 132 years

  The celebrations of the 132nd anniversary of the establishment of the Bulgarian navy began with a solemn ceremony of the hoisting of the navy flag and the flags of the ships at Varna harbour. After that the officer ranks and the diplomas of the graduates of the Naval Military...