Money

Bulgarians Consider Themselves Well-off with BGN 1,000 per Month

Bulgarians Consider Themselves Well-off with BGN 1,000 per Month

09:22 | 16.10.2017 | by Standartnews
(October 16, 2017 Sofia) - Wealthy Bulgarians eat less bread, but significantly more fruit, vegetables and meat than their poor fellow citizens, according to a recent survey of the National Statistics Institute (NSI) on the living standard in Bulgaria. In Bulgaria, the middle class is about 10% of the population and has an annual income of BGN 12, 977 which makes BGN 1,081 per month. The amount is quite small compared to the average salary for the country, which is already over BGN...
CITUB: Salaries in Bulgaria The Second Lowest on the Balkans

CITUB: Salaries in Bulgaria The Second Lowest on the Balkans

12:26 | 10.10.2017 | by Standartnews
(October 10, 2017 Sofia) - „Living standard in the focus of the trade unions' attention" this was the topic of the international conference organized by the Confederation of the Independent Trade Unions in Bulgaria (CITUB) and Friedrich Ebert Foundation in Sofia. The conference was opened by CITUB leader, Mr. Plamen Dimitrov, who presented a recent survey on the average salaries on the Balkans in the second quarter of 2017. It shows that the average monthly salary in Bulgaria is...
Bulgarian Economy Grows 3.9% in 2016

Bulgarian Economy Grows 3.9% in 2016

08:54 | 05.10.2017 | by Standartnews
(October 5, 2017 Sofia) Bulgaria's economic growth for 2016 is 3.9%, the national statistical institute has said. This has been the highest economic growth since the financial crisis of 2008. Preliminary calculations had suggested that the economy would grow by not more than 3.4% by December 2016. In 2016, Bulgaria generated BGN 94.13 B from goods and services, meaning that export and domestic consumption are the main pillars of the country's economy. Statistics show that in 2016 the...
EUR 15 M Plant near Plovdiv to Make Airbus Doors

EUR 15 M Plant near Plovdiv to Make Airbus Doors

08:23 | 28.09.2017 | by Standartnews
(September 28, 2017 Sofia) – France-based company Latecoere, a leader in the field of aerostructures and interconnection systems, is planning to invest EUR fifteen million in the construction of a production facility near Bulgaria's second largest city of Plovdiv. The plant will spread on four thousand square meters and will employ some 200 professionals. Its product range will include doors for the passenger planes of Airbus and electrical enclosures. Yesterday's groundbreaking...
Energo Pro Ready to Pay EUR 300 M for CEZ Bulgaria

Energo Pro Ready to Pay EUR 300 M for CEZ Bulgaria

09:44 | 25.09.2017 | by Standartnews
(September 25, 2017 Sofia) -  According to a publication of Hospodářské noviny, Energo Pro has increased its bid to acquire the Bulgarian arm of CEZ Group to EUR 300 M. This is a little above the prize CEZ paid to acquire the energy distribution companies in Western Bulgaria. CEZ set foot on the Bulgarian energy market back in 2004, acquiring majority stakes in Western Bulgaria's energy distributors for EUR 281 M. A few years later CEZ acquired the shut down Varna...
Uzbekistan Opens Market for Bulgarian Foods

Uzbekistan Opens Market for Bulgarian Foods

10:04 | 21.09.2017 | by Standartnews
(September 21, 2017 Sofia) The possibilities for encouragement of the trade and bilateral investments between Bulgaria and Uzbekistan were discussed by the presidents of the two countries, Rumen Radev and Shavkat Mirziyoyev, during their meeting in New York City yesterday. The news has been announced by the press office of the Bulgarian President. They agreed that a government delegation of Uzbekistan should come to Sofia in the near future to pave the way for an official visit of...
Non Performing Corporate Loans Stifle Bulgaria’s Business

Non Performing Corporate Loans Stifle Bulgaria’s Business

09:09 | 19.09.2017 | by Standartnews
(September 19, 2017 Sofia) - According to the latest set of recommendations of the Council of Europe to Bulgaria, the government in Sofia should work to reduce the share of non-performing corporate loans which is far above the average for the EU. "Corporate debt remains high (well above that of peer countries), placing a burden on companies' balance sheets and potentially constraining credit demand and investment over the medium term. To reduce the still-high level of corporate...
Baby Foods in Bulgaria Twice as Expensive as in Western Europe

Baby Foods in Bulgaria Twice as Expensive as in Western Europe

14:49 | 18.09.2017 | by Standartnews
One and the same baby foods sold in Bulgaria and in Western Europe are twice as expensive here, the results of a recent survey carried out by officers of the Ministry of Agriculture and the Bulgarian Food Safety Agency show. The worrying information was announced by Agriculture Minister Rumen Porozhanov, speaking at a discussion on the dual standards on foods in the EU, organized by Ombudsman Maya Manolova. Minister Porozhanov said he had had talks with representatives of two of the...
Bulgaria Receives EUR 1 B from EU

Bulgaria Receives EUR 1 B from EU

11:29 | 12.09.2017 | by Standartnews
(September 12, 2017 Sofia) Bulgaria has already absorbed over one billion euro in EU funds for the 2014-2020 programming period. The capital injection is expected to boost the country's economic growth by 1.7%, an analysis of the Finance Ministry Reads. During the 2014-2020 programming period, Bulgaria's second since its EU accession at the beginning of 2007, the country has access to a total of EUR 9.9 B, meant to co-finance 10 different programs. This is an increase by 5.2% from...
US Businessmen Eye Investment Opportunities in Dobrich

US Businessmen Eye Investment Opportunities in Dobrich

11:58 | 23.08.2017 | by Standartnews
(August 23, 2017 Sofia) An American company has shown interest in doing business in our town," Dobrich Mayor Yordan Yordanov told Focus news agency. "The municipality has not approached the US embassy in Sofia with a request to help us attract US investments to the region. Their initiative speaks well of the business climate in our town," he added. A few weeks ago Yordanov was contacted by the US Embassy trade attaché, who asked him if they could meet to discuss the idea....
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