 Major Wind Power Investment Looming for Northeastern Bulgaria
(Fri, 20 Aug 2010 15:00:22 +0200) |
The German-Bulgarian company SRS Bulgaria will invest close to BGN 500 M to create a wind power park nearby the town of General Toshevo in northeastern Bulgaria.
The investment of the company, registered in the northern Bulgarian city of Pleven, will span over three years 2010-2012 and will open 20 new workplaces.
The project involves constructing and exploitation of a wind power station with 60 generators with 150-180 MW power.
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Bulgarian Tax Agents Fine Towing Cars at Black Sea Coast
(Fri, 20 Aug 2010 14:53:08 +0200) |
The two towing cars in the Bulgarian Black Sea town of Primorsko did not have cash registers and have declared a 100% profit, the National Revenue Agency has announced.
During a check, the tax agents have established that the drivers of the towing cars have been issuing notes that were not recorded anywhere and did not count as official accounting documents.
The owner of the towing cars has been given two statements for the lack of cash registers....
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Bulgarian Consumer Rights Watchdog Fines Fake Travel Agency
(Fri, 20 Aug 2010 12:29:15 +0200) |
The Bulgarian Commission for Protection of Consumers (CPC) has fined a travel agency that has offered trips abroad without having a registration as a tour operator.
The office in Sofia of the travel agency "Misys International" has been temporary closed.
On its website, the agency has stated that it is a fully licensed travel agency with a license number 04721....
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Ministry of Finance: Fitch Optimistic about Bulgaria
(Thu, 19 Aug 2010 19:25:38 +0200) |
Fitch confirmed its credit rating for Bulgaria and characterized the situation in the country as "stable", announced the Bulgarian Ministry of Finance Thursday.
Fitch Ratings themselves report that Bulgaria's rating stays at F3 for short-term foreign currency, BBB- for long-term foreign currency, and BBB for long-term local currency.
The outlook for the long-term rating of Bulgaria nevertheless also stays "Negative....
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Bulgarian Authorities, Utilities to Mull Black Sea Electricity Blackout
(Thu, 19 Aug 2010 15:52:03 +0200) |
Bulgaria's finance minister Simeon Djankov, Burgas region governor Konstantin Grebenarov and representatives of the EVN and NEK power utilities are going to discuss Friday the recent power blackouts that left a number of towns and thousands of tourists in the dark.
According to information from Burgas24.bg, authorities and utilities will talk about the causes and possible remedies of the grave accidents this Monday and some days ago that stopped the electricity supply of towns around Burgas, many of which are active Black Sea resorts.
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Bulgaria's Power Utility CEZ to Invest in Key Cables Replacement
(Thu, 19 Aug 2010 15:27:29 +0200) |
The Czech-owned power utility CEZ, servicing western Bulgaria, has announced that it will provide BGN 240 000 for renovation of the electricity distribution network in the town of Samokov.
The company is planning to replace 4 km cables of 20 kV of the substation Samokov by the end of September.
"The quality and safety of the power supply in Samokov will improve significantly thanks to our investments in the network," said Ales Damm, Chief Operational Officer of CEZ Bulgaria.
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Economists: Many Obstacles to Bulgaria's Slow Recovery
(Thu, 19 Aug 2010 15:01:24 +0200) |
The Bulgarian economy will brace for minimal growth the following quarters but is nowhere near equaling its levels before the crisis, say researchers from the Institute of Economics at the Bulgarian Academy of Sciences.
Former Bulgarian National Bank board member and present researcher in the Academy of Sciences Garabed Minassian lists as hurdles for growth low liquidity of the bank system, the outflow of capital and low levels of foreign investment, failure to absorb EU funds, and state budget problems.
Regarding the latter, researchers bewailed uncontroled "leaking" from alleged "holes" in the budget and recommended restructuring of spending, instead of bare cutting.
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Bulgarian Power Utility CEZ Vows No Blackouts in Winter Resorts
(Thu, 19 Aug 2010 14:39:39 +0200) |
The Czech-owned power utility CEZ has announced that there will be no power outages at the Bulgarian winter resorts in the territory served by the company.
"Even though at present the Borovetz resort is on the verge of its electric equipment, there are no dangers of potential breakdown because there have not been new constructions at the resort for more than a year," said Rosen Yordanov, the head of "Operation and maintenance of network" department of CEZ.
He added that the Bulgarian towns of Ihtiman, Kostinbrod, Bansko and the Borovetz resort need the construction of substations.
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Bulgaria’s M-Tel Down on Profit, Up on Subscribers Q2
(Thu, 19 Aug 2010 13:39:07 +0200) |
Bulgaria's largest mobile operator M-Tel has registered a 21% drop in profit and a 11% increase in number of clients for Q2 2010.
M-Tel's revenue for Q2 2009 was EUR 42.8 M, while that for the same period this year is EUR 33....
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Rosatom: Ball on Belene NPP Is in Bulgaria's Court
(Thu, 19 Aug 2010 13:29:10 +0200) |
Russia has provided the Bulgarian side with all data and documentation for the go-ahead of the project to build a second Nuclear Power Plant (NPP) in the Danube town of Belene, the Russian news agency Interfax reports Thursday.
Interfax cites the CEO of the Russian State-owned Nuclear Energy Corporation Rosatom, Sergey Kirienko, telling Prime Minister Vladimir Putin that the Bulgarian cabinet has all the information they need and the ball is in their court now to make a decision on the project's future.
Kirienko further announced the establishment of a joint task force to examine all unresolved issues regarding investments in the Belene NPP.
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