Money

Trucks Block Danube Bridge 2

Trucks Block Danube Bridge 2

11:09 | 24.01.2017 | by StandartNews
Trucks are blocking entirely the traffic to Danube Bridge 2 at Bulgaria's border with Romania. As a result, a que of 6 kilometers has piled up at the Danube Bridge at Ruse. The border checkpoints are operating normally in both directions. Danube Bridge 2 at Vidin is also crammed up. The reason for the formation of the ques is that all ferry crossings are closed because of ice formation on the Danube and trucks are diverted to Vidin.
Ex VP Popova Becomes New Deputy  Head of Bulgarian Industrial Association

Ex VP Popova Becomes New Deputy Head of Bulgarian Industrial Association

13:08 | 23.01.2017 | by StandartNews
Former President Rosen Plevneliev,s VP Margarita Popova has a new job from today. She was appointed Deputy Chairman and Chief secretary of the Bulgarian Industrial Association. In her position, Ms. Popova will be responsible for the legal infrastructure (incl. The Court of Arbitration BIA) and international activities of the BIA, motivated appointment of the chamber. The Deputy Secretary General will be Dobri Mitrev. He will be responsible for contacts with members of the BIA, as well...
UK PM Theresa May Also Wants to Leave EU Customs Union

UK PM Theresa May Also Wants to Leave EU Customs Union

12:35 | 18.01.2017 | by StandartNews
Theresa May has said Britain will not remain a full member of the EU customs union after Brexit, saying the UK wants to open up to negotiate its own trade deals with the rest of the world. The Prime Minister suggested Britain would prefer to retain a form of "associate membership" of the union, limiting the increase in red tape for businesses who export to continental Europe. "I do not want us to be bound by the common external tariff," Ms May said, proposing a new relationship with...
Dangerous Chemicals in Peppers and Lemons in Bulgaria

Dangerous Chemicals in Peppers and Lemons in Bulgaria

11:28 | 17.01.2017 | by StandartNews
Bulgarian border checkpoints halted last year a record amount of lemons - 1000 tonnes - and over 100 tons peppers with pesticide residues, said deputy director of the Bulgarian Agency for Food Safety (NVS) Anton Velichkov live on bTV. In the EU in 2016 tons of fruit with pesticides were suspended: mainly oranges and grapefruit from South Africa, Italy, Argentina and Turkey. In Bulgaria the main dangerous products detected were Turkish lemons and red peppers. In 98% of cases those...
Bulgarian Economy to Attract EUR 1.4 B under the Juncker Plan in 2017

Bulgarian Economy to Attract EUR 1.4 B under the Juncker Plan in 2017

08:25 | 16.01.2017 | by Standartnews
Q: Ms. Tsanova, how much money has Bulgaria managed to attract under the so-called Juncker Plan, since it was launched a few year ago? A: In terms of GDP to attracted resources ratio, Bulgaria ranks second in the whole EU. Most of this financial resource has been attracted by Bulgaria's commercial banks. There have been ten transactions meant for the financing of SMEs. Currently, there is a considerable demand for small corporate loans in Bulgaria. The average amount of these loans...
Bulgaria Puts Electricity Exports On Hold

Bulgaria Puts Electricity Exports On Hold

07:51 | 14.01.2017 | by StandartNews
Bulgaria stopped the export of electricity, NOVA reports. The reason - the peak demand of electricity in the ongoing extreme winter conditions. The restriction of exports from our country will apply until the recovery of the necessary reserves. Bulgaria has requested electricity from Romania because of record demand, which according to Euractiv has been refused. The aim is to ensure the security of the electricity system and to secure the supply of electricity to consumers.
Bulgarian Farmers Get Low-interest Loans

Bulgarian Farmers Get Low-interest Loans

09:27 | 13.01.2017 | by Standartnews
The Managing Board of the State Fund Agriculture has approved of a four-percent annual interest rate on the loans that the fund is to grant to Bulgarian farmers in 2017. The low interest is available to applicants under four financing plans: The first plan is for legal entities, or natural persons who intend to make investments in the sector of agriculture and open new job positions. The second plan is for those, who have approved projects under the National Program for Apiculture...
Chinese W-Commerce Giant Alibaba Considers Bulgaria As European Hub

Chinese W-Commerce Giant Alibaba Considers Bulgaria As European Hub

07:10 | 12.01.2017 | by StandartNews
Chinese e-commerce group Alibaba is considering setting up a European logistics center in Bulgaria, the Bulgarian government and Xinhua said on Wednesday. No comment was immediately available from Alibaba. Representatives of Alibaba Group, GS-Solar Company and GoldPoly Group met Bulgarian Prime Minister Boyko Borisov on Wednesday to explore investment opportunities, the government said in a statement. Bulgaria has yet to take advantage of China's plans to expand its presence in...
Romania Refuses Bulgaria's Emergency Electricity Request - EurActiv

Romania Refuses Bulgaria's Emergency Electricity Request - EurActiv

06:11 | 11.01.2017 | by StandartNews
Bulgaria has made a request for the urgent supply of electricity from neighbouring Romania. But Bucharest refused, as consumption has peaked in both countries under unusually fierce winter conditions, EurActiv reports. Bulgaria demanded electricity supplies from Romania yesterday (9 January), but the request was denied, Bulgarian media quoted Romanian officials as saying. Problems in the electricity distribution system, linked to harsh weather conditions and increased power...
Bulgaria’s Investments Agency Pours BGN 456 M in 25 Projects

Bulgaria’s Investments Agency Pours BGN 456 M in 25 Projects

10:35 | 10.01.2017 | by Standartnews
In 2017, Bulgaria's Investments Agency is preparing to pour BGN 456 M in the realization of 25 projects in the IT sector. The work on these projects started in 2016, but some of them have not been certified yet, due to clumsy bureaucracy. When completed, the projects will open about 5,700 new job positions. Last year, the agency facilitated the implementation of 24 projects worth BGN 389 million. They will create over 4,700 new jobs across the country. Back in 2015, the Bulgarian...
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