SOFIA (Bulgaria), March 14 (SeeNews) – Bulgarian bank UniCredit Bulbank, part of the Italian UniCredit group, plans to distribute as a dividend all of its profit of 313.8 million leva (175.7 million dollars/160.4 million euros) reported for the last year, local media reported Monday. A decision on the payment of the proposed dividend will be […]
The Capitals brings you the latest news from across Europe, thanks to on-the-ground reporting by EURACTIV’s media network. You can subscribe to the newsletter here. Before you start reading today’s edition of Capitals, be sure to take a look at the LEAK: Russia’s War on Ukraine Rewrites Future EU Military Strategy. European news you deserve […]
BAKU, Azerbaijan, February 4 By Leman Zeynalova – Trend: A total of €183 million has been spent on the Greece-Bulgaria Interconnector (IGB) construction project by the end of 2021, ICGB Managing Director on the Bulgarian side, Teodora Georgieva, said in a statement. an exclusive interview with Trend. “As you know, the total budget approved for […]
The Capitals brings you the latest news from across Europe, thanks to on-the-ground reporting by EURACTIV’s media network. You can subscribe to the newsletter here. Today’s edition is powered by Clean Aviation Joint Undertaking.The European Clean Aviation Partnership takes off!Discover the Horizon Europe public-private partnership that will make climate-neutral aviation a reality! Paving the way […]
SOFIA (Bulgaria), February 3 (SeeNews) – Online betting and gaming company Telematic Interactive Bulgaria will launch an initial public offering (IPO) of 20 million leva ($11.5 million/10.2 million euros) on the Bulgarian Stock Exchange on February 14, said Telematic VoirActualités. Telematic intends to raise its capital by 10% by offering investors 400,000 new shares, the […]
The EU and Serbia are financing a new natural gas interconnector between Serbia and Bulgaria, the construction of which, which will start on Tuesday, is expected to be completed in the fourth quarter of 2023, the EU Information Center announced on Monday. Belgrade. The Niš-Dimitrovgrad-Bulgaria interconnector construction project will be partly financed by EU grants […]
Honorary Consul Nicolas van Staalduinen, Ambassador Yanko Yordanov and President Akufo-Addo The Republic of Ghana and the Republic of Bulgaria have a long-standing relationship that dates back to the early 1960s under the presidency of Ghana’s first President, Dr. Kwame Nkrumah. Indeed, the cordial relationship that was established during the period has blossomed over the […]
SOFIA (Bulgaria), January 19 (SeeNews) – Bulgarian venture capital fund Morningside Hill has invested approximately 1 million euros ($1.13 million) in local Fidelitas Lab, the operator of an independent laboratory for grains and oilseeds, Sofia-based media reported on Wednesday. The investment will allow the company to expand the scope and capabilities of the laboratory through […]
SOFIA (Bulgaria), Dec.29 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) has announced that it will grant a new loan of 20 million euros ($ 22.6 million) to the Bulgarian manufacturer of Sofia Med copper products to help meet investment needs as part of its sustainable growth. The funds will allow Sofia Med […]
Denmark-based Eurowind Energy CEO Jens Rasmussen said the joint venture with Renalfa in Bulgaria will install 2 GW of renewable energy capacity in the Balkan country, starting with a 250 MW solar power plant in the province of Yambol. Eurowind Energy has set up a joint venture called EURA Energy with Bulgarian investment company Renalfa […]
SOFIA (Bulgaria), November 16 (SeeNews) – Diversified Bulgarian group Doverie United Holding [BUL:DUH] indicated that the capital increase of 2 million levs (1.2 million dollars / 1.0 million euros) of its wholly-owned subsidiary Doverie-Invest was entered in the register of public limited companies on November 12. The share capital of Doverie-Invest now stands at 7 […]
Around 60 million BGN (30.7 million euros) paid in advance for the construction of lot 5 of the Bulgarian Hemus highway was transferred to front companies and then exported from the country in bags and sacks, a Acting Interior Minister Boyko Rashkov said on November 5. The day before, the arrest of more than 10 […]
SOFIA (Bulgaria), Nov. 5 (SeeNews) – Bulgaria-based private equity firm BlackPeak Capital, through the BlackPeak Southeast Europe Growth Equity Fund, has purchased a minority stake in the Romanian-based meat substitute company of Verdino Green Foods plants, Verdino said. The capital provided should allow Verdino to accelerate its growth and support its international expansion, Romanina said […]
SOFIA (Bulgaria), November 1 (SeeNews) – Electricity grid operator CEZ Distribution Bulgaria [BUL:CEZD] said its self-sustaining net profit fell to 27.1 million lev ($ 16.3 million / 13.9 million euros) during the period January-September 2021, from 37.1 million lev. during the same period of last year. CEZ Distribution Bulgaria’s expenses reached 260.4 million Lev in […]
SOFIA (Bulgaria), October 28 (SeeNews) – Diversified Bulgarian group Doverie United Holding [BUL:DUH] announced that it would increase the capital of its wholly-owned subsidiary Doverie-Invest by 2 million levs (1.2 million dollars / 1.0 million euros). Doverie United Holding will subscribe and pay 2,000,000 new ordinary shares at a price of 1 lev each in […]
Bulgaria is slowly but surely adopting hydrogen in public transport Experts presented a portfolio of projects on rapid hydrogen deployment, with Ruse and Sofia as the first to get a taste of the new technology Today at the hybrid conference ‘Hydrogen Industry – Good Practices from Germany. New opportunities for Bulgaria “, teacher. Daria Vladikova […]
Foreign direct investment in Bulgaria in the first eight months of 2021 amounted to 797.1 million euros, equivalent to 1.2% of gross domestic product (GDP), according to statistics from the National Bank of Bulgaria (BNB) on October 19. In the same period of 2020, FDI stood at 2.02 billion euros, but the initial amount reported […]
SOFIA (Bulgaria), October 14 (SeeNews) – Bulgarian Real Estate Investment Fund (REIT) FairPlay Properties [BUL:FPP] has launched a capital increase procedure by exercising warrants. FairPlay Properties REIT intends to offer warrant holders up to 219,517,800 voting common shares of 1 lev par value each, the REIT said in a stock exchange filing on Wednesday. The […]
Bulgarian state-owned gas company Bulgargaz is at risk of running out of money to pay for supplies from Russia and Azerbaijan after October 25. The crisis is due to the declared debt of the company that manages the central heating system of the capital – Toplofikacia-Sofia. The leadership of the state gas company issued the […]
The pharmacist here in Kranevo, a Bulgarian town on the Black Sea, speaks Russian. Her clients speak to her in Bulgarian. “Sorry,” she said, noticing her mistake. “90% of my clients are Russian.” The whole region is like this: in summer, the 1,000 inhabitants of Kranevo give in to a deluge of Russian tourists. Restaurants, […]