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Veliko Tarnovo to build waste handling system | 42m leva project to service six municipalities 27 Aug 2013 | 11:44 am
A 42 million leva (21 million euro) project is expected to solve the problem with waste handling in six municipalities in the region of Veliko Tarnovo, one of Bulgaria's largest cities. The system wil...
Lavena to build new plant | Cosmetics producer aims to boost exports with 6.8m leva investment 22 Aug 2013 | 06:42 pm
Bulgarian cosmetics producer Lavena plans to invest 6.8 million leva (about 3.4 million euro) in a new plant in the town of Shumen with the aim to expand its foreign markets. The new facility will be ...
Monumental apology | Unknown artists paint Sofia's Soviet army monument pink for Prague spring anniversary 22 Aug 2013 | 05:32 pm
The Soviet army monument in the Bulgarian capital of Sofia was painted pink by unknown artists on the night to Wednesday to mark the 45th anniversary of the Prague spring. The feat included an inscrip...
Doverie refutes allegations of siphoning | Pension insurance company says targeted campaign connected with its pending sale 22 Aug 2013 | 11:06 am
Bulgarian pension insurance company Doverie has published documents refuting media allegations that its funds were siphoned through investments in Alfa Energy Holding bonds and repo-deals in Kaolin an...
Share of Bulgarian-owned banks up since 2008 | Top three local banks now hold a fifth of sector’s assets 22 Aug 2013 | 11:04 am
The share of Bulgarian-owned banks has risen for the last five years. While in 2008 the local subsidiaries of the large European banks held nearly 80% of the assets, now their share has fallen to 65%,...
BTC cuts final tie with state | Bulgarian government's golden share in telecom to be cancelled 21 Aug 2013 | 01:43 pm
Bulgarian Telecommunications Company (BTC) will cut its final tie with the state in less than a month. That emerges from the agenda of an extraordinary general meeting scheduled for September 16. The ...
Euroins to buy Interamerican's business | Another foreign investors withdraws from Bulgaria 21 Aug 2013 | 01:13 pm
Dutch financial group Achmea is to sell its insurance business in Bulgaria, Interamerican, to local competitor Euroins. That is the second deal in the Bulgarian financial sector after Germany's Bayern...
Unilateral decisions allegedly taken at financial regulator | FSC members say chairman presents his own positions as collective 20 Aug 2013 | 12:26 pm
The chairman of Bulgaria's Financial Supervision Commission (FSC), Stoyan Mavrodiev, has used the regulator as a cover for unilateral decisions and for institutionalizing his own positions. That emerg...
Standard Profil to double production in Bulgaria | Turkey's automotive sealing system manufacturer to invest 12m leva in new plant 20 Aug 2013 | 11:16 am
Turkey's automotive sealing system manufacturer Standard Profil is planning to double its production facilities in Bulgaria. The company's 4000 sq. m plant in the city of Stara Zagora will be expanded...
Bulgarian bank network shrinks | Number of branches down 8% since 2008 19 Aug 2013 | 05:01 pm
In line with the European trend, Bulgarian banks have reduced their branches and staff since the beginning of the crisis. For the past four years the network of the biggest and most active banks in th...
