Chinese Investors Interested in Getting Concession on Bulgaria’s Plovdiv Airport

Chinese investors are interested in obtaining a concession contract for Plovdiv Airport and turning it into a logistics hub for Europe and Asia, according to Bulgaria’s Economy Minister Bozhidar Lukarski.

Lukarski met Tuesday with a representative of Hainan Longquanren Century Invest and Development Co, according to the press office of the Economy Ministry. Read more

Bulgarian Timber Companies Stage New Protest over 3-Month Export Ban

For the third time in less than a month, Bulgarian timber companies will stage a protest against the 3-month moratorium on exports.

Industry representatives insist that despite the promise of MPs to revoke the ban, the authorities are refusing to engage in dialogue with them, according to reports of the Bulgarian National Radio.

The 3-month ban on timber exports entered into force on March 10, with authorities claiming that it was aimed at stopping illegal logging. Read more

Bulgaria Cannot Uphold Agreement on Kozloduy NPP Unit 7 with US Westinghouse – PM

Bulgaria is only ready to work on the agreement with Westinghouse Electric for unit 7 of the Kozloduy NPP provided that the company participates in the project as an investor, according to Prime Minister Boyko Borisov.

Borisov made clear Wednesday in Parliament that Bulgaria could not afford to implement the project unless US Westinghouse Electric joined the scheme as an investor. Read more

Bulgaria Plans to Keep ADIS State-Owned

Bulgaria plans to keep the Domestic Diplomatic Properties Agency ADIS in state ownership.

The Bulgarian government decided at its weekly meeting on Wednesday to ask Parliament to adopt legislative changes that will put ADIS on the list of companies that must remain state-owned.

ADIS is a full service real estate company, managing its own property portfolio of more than 100,000 square meters.

The proposed changes to the Privatisation Law will ensure Bulgaria’s continued capability to meet its commitments under the Vienna Convention on Diplomatic Relations, the cabinet said in a statement.

ADIS will continue to rent out properties to foreign diplomats in Bulgaria for residential, commercial or administrative purposes as well as provide other auxulliary services to ensure favourable environment for the operation of diplomatic missions in Bulgaria, according to the statement.

ADIS was taken off the list of state-owned companies banned for sale in 2011. A privatisation procedure was launched the same year but it was suspended in 2013. The government’s sell-off body, the Privatisation Agency, planned to offer ADIS for sale again in 2015.

Bulgarian Tourist Websites Among the Most Correct

Bulgarian websites for tourist services are among those who do not violate the EU directives, reports Bulgaria’s wire service BTA, quoting the EC.

A recent EU inspection found that the Bulgarian, Hungarian, Romanian and Norwegian websites for tourist bookings are the only European sites for such services who are in full compliance with   EU regulations.

As of April 3 none of the 17 Bulgarian sites that were checked was in violation of the rules.

The check up included whether the websites give clear and easy information on the offered services, whether the final price was given clearly and in advance, whether there is information and addresses for complaints and questions and whether the terms of use were written in a concise and clear manner. Read more