Category: Business news

Grand Kanyon Project Worth BGN 120 M to Be Launched in Sofia

The Bulgarian Council of Ministers has now approved a project-memorandum of collaboration between the government and investor Garanti Koza Bulgaria.

The document was regarding the project named Grand Kanyon – Sofia.

A large-scale tourism and recreational complex is to be built in the Sofia neighborhood Mladost on territories owned by the Turkish company. Read more

Bulgaria Ranked 49th in World Economic Forum’s 2015 Tourism Report

Bulgaria ranks 49th among 141 countries included in the World Economic Forum’s 2015 Travel and Tourism Competitiveness Report.

Spain tops the ranking with a score of 5.3 points, followed by France and Germany with 5.2 points.

Bulgaria has a score of 4. Read more

First Israeli Tourists to Arrive in Bulgaria’s Burgas

The Black Sea city of Burgas will receive on Thursday its first tourists from Israel coming to Bulgaria for to spend their holiday here.

Israel’s honorary consul in Burgas, Orlin Mandov, is due to wait for the group at the airport of Burgas amid tightened security measures.

Security is now traditionally stepped up ahead of Israeli tourists’ trips to Bulgaria nearly three years on from the deadly terror attack at the Sarafovo Airport which claimed the life of five Israeli tourists, a Bulgarian bus driver and the suicide bomber who triggered the explosion. Read more

Supermarket Chain BILLA Might be Leaving Bulgaria

German corporation REWE Group, represented in Bulgaria by two popular supermarket chains BILLA and PENNY Market is allegedly in the process of selling their locations across Bulgaria.

According to unconfirmed information reported by Kapital daily, the procedures have already been launched and the results will be visible in less than two months. Read more

Bulgarian Banks Register 31.6% Increase in Revenues

The revenues in Bulgaria’s banking system have registered an impressive increase of 31.6% for the first two months of 2015 as compared to the same period of 2014.

Thus the total revenues have reached BGN 196 M, as reported by the monitoring data provided by the Bulgarian National Bank, Kapital daily reported. Read more