Money

Chinese no show at Plovdiv Airport?

Chinese no show at Plovdiv Airport?

05:30 | 18.07.2018 | by editor
The consortium consisting the Chinese company Hainan and Bulgaria's Plovdiv Airport Invest that was the approved candidate to become the concession holder for the airport in Bulgaria's second largest city of Plovdiv will most probably not sign the management contract for the airport, local newspaper Maritsa wrote. The deadline for the signing is today but by yesterday there was no information at the ministry of transport of any necessary documents filed for the procedure. In mid-June, the...
Bulgarian sea ports will unload more cargo from Caucasus and Central Asia

Bulgarian sea ports will unload more cargo from Caucasus and Central Asia

09:12 | 17.07.2018 | by Belcho Tsanev
We have the excellent potential to process a larger flow of shipping cargo between the sea ports of Varna and Burgas on our territory and the harbours of the Caspian region via the Black Sea, Angel Zaburtov, managing director of the state-owned company Seaport Infrastructure said in an interview with Standart. There will be no launches of new corridors but rather an expansion and maximum utilisation of the well-known Europe-Caucasus-Asia (TRASECA) transport corridor. It has been a topic...
Flagship companies sweeten the deals on Bulgarian Stock Exchange

Flagship companies sweeten the deals on Bulgarian Stock Exchange

05:28 | 16.07.2018 | by editor
In the past few weeks Bulgarian Stock Exchange (BSE) has been gradually drawing the attention of the financial world. First, several days ago it was announced officially that BSE will offer for trade a part of the large issue of Eurobonds by Bulgarian Energy Holding (BEH) – the company operating all state-owned energy assets of the country. The issue had its IPO on the Dublin Stock Exchange in June. Second, one of the fastest developing Bulgarian companies – a leading poultry...
Electric trucks to be assembled near Plovdiv

Electric trucks to be assembled near Plovdiv

13:59 | 13.07.2018 | by editor
A Chinese company in partnership with businesses from Bulgaria and Luxembourg will assemble electric mini-trucks at the Trakia Economic Zone near the second largest city of Plovdiv. We hope that the first truck will be ready by six months, said Peter Wong, executive director of Centro Automotive Group, at a meeting with economy minister Emil Karanikolov. The company plans to invest more than 10 million euro in the next three years. The money will be spent to develop the manufacturing...
Standart’s discussion: Auto industry to create 45 000 more jobs in the next 3-4 years

Standart’s discussion: Auto industry to create 45 000 more jobs in the next 3-4 years

06:12 | 13.07.2018 | by editor
State policies for supporting the automobile industry and the legislative initiatives to help the development of the sector were the main topics at the discussion entitled "Yes! To Bulgaria's Automobile Manufacturing". The event was organised by Standart newspaper in partnership with the Bulgarian Industrial Capital Association (BICA) and Automotive Cluster Bulgaria (ACB). The forum paid special attention to the topic of the deficit of labour force which is detrimental to the development of...
ЕТЕМ is the leading integrated manufacturer of aluminium profiles and systems

ЕТЕМ is the leading integrated manufacturer of aluminium profiles and systems

14:37 | 12.07.2018 | by editor
ETEM is among the leading companies in South-eastern Europe for extruding of aluminium profiles. Established in 1971, ETEM became the first business in Greece that completely integrated the process of design and manufacture of architectural systems and aluminium profiles for industrial use. With its modern manufacturing facilities in Bulgaria and Greece, ETEM guarantees constant, timely, efficient and undisturbed supply of its products to its customers. ETEM has a powerful...
Visteon Bulgaria builds new electronics for Mercedes

Visteon Bulgaria builds new electronics for Mercedes

14:12 | 12.07.2018 | by editor
Visteon is the leader in research, design and manufacture of innovative electronics and solutions for connecting to the mobile devices of most car makers worldwide. The research and development center in Sofia is by far the company's largest one on the globe. About 1000 engineers here are responsible for the architecture and development of hardware, mechanics and software of the state-of-the-art products of the firm. One of the most recent projects that the company developed was a new...
Ivan Mihailov: Bulgaria already manufactures parts for a whole car

Ivan Mihailov: Bulgaria already manufactures parts for a whole car

13:57 | 12.07.2018 | by Interview by Daniela Kazandjieva
There is a constantly rising interest for investing in Bulgaria's automotive industry, which has so far manufactured mostly car parts, says Ivan Mihailov, board chairman of Automotive Cluster Bulgaria (ACB). However, local plants already manufacture parts that are used to assemble whole cars, and it is a matter of time for whole automobiles to be assembled in plants on Bulgarian territory, he says. - The interest in Bulgaria's capabilities for research and development, as well as...
Owners seek 2000 euro for a m² for homes in dire condition

Owners seek 2000 euro for a m² for homes in dire condition

16:34 | 11.07.2018 | by editor
Apartments in dire need of repair in downtown Sofia, which in 2017 were sold for no more than 1500 euro for a sq. m. are now offered on the market for 2000 euro, brokers said. According to them, the completion of such deals is hard and next to impossible. The same applies to homes that are outside the city centre or smaller apartments in it, whose prices have leaped to 2300 and even 3000 euro for a sq. m. in the past few months. In spite of the overall economic expansion and the growth...
Billa is the “love mark” of Bulgarians

Billa is the “love mark” of Bulgarians

08:05 | 11.07.2018 | by editor
Billa has been the favourite chain of stores to Bulgarians for a third year in a row in Bulgaria's only consumer rating initiative – My Love Marks. Organisers' data show that more than 42 000 people voted for their favourite brands. Billa also has the honorary third place in the Milk products category due to the sale of its own Billa Brand yoghurt. "The fact that we have won this recognition for a third year in a row shows that we maintain a constant high level of products and...
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