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From Bulgaria
17.12.2014 16:23Flydubai Starts Flights from Sofia to Dubai Twice a Week
Flydubai’s first aircraft landed today at Sofia airport. Bulgaria’s capital is among the five new destinations the low-cost airline in Central and Eastern Europe. Founded in 2008, flydubai boasted as much as 83 destiantions in September,17.12.2014 15:45Standard & Poor's Placed Bulgaria's NEK on Negative Outlook Credit Watch
Standard & Poor's Ratings Services (S&P) announced Dec 16 it has placed its 'B+' long-term corporate credit rating on Bulgaria-based electricity utility Natsionalna Elektricheska Kompania EAD (National Electricity Vompany - NEK) on CreditWatch16.12.2014 14:16Merkel Promises Bulgaria Assistance on South Stream and Energy Projects
Germany is to send experts to provide advice to Bulgaria on matters related to the judicial reform, European funds absorption and energy projects, including South Stream. These are the highlights of the Monday meeting of German Chancellor Angela15.12.2014 16:27Total, OMV, Repsol Delay Black Sea Oil and Gas Research Drilling until 2016
Research drilling in Bulgaria’s deep water offshore block Han Asparuh in the Black Sea will be delayed with 6 to 12 months, thus probably starting in mid-2016, instead of 2015. The reason for this was the steep decrease of oil prices which12.12.2014 14:56Bulgaria’s Power Incumbent Might Register Profit in Dec-Fev (CEO)
Of a total of BGN 3 billion (EUR 1.5 bn) debts of Bulgaria’s state-owned National Electricity Company (NEK), the power incumbent owes BGN 1.2 bn to power producers. Currently NEK has been able to pay about 60 percent of the delayed money to11.12.2014 11:18Bulgaria Might Lose EUR 12 M from Kozloduy International Support Fund
Bulgaria risks losing some of the funding available under the Kozloduy International Support Fund (KIDSF). Daniel Berg, director of the Bulgarian office of the European Bank for Reconstruction and Development (EBRD), warned energy minster Temenuzhka09.12.2014 18:00Bulgaria Builds First Potable Water Dam in 20 Years
Bulgarian regional development minister Liliana Pavlova announced today the construction of a new water supply dam with adjacent water treatment plant in the region of Rudozem that should be built in 900 days, with completion set for June 2017. The09.12.2014 13:37Uber Launches Car Sharing App Platform in Sofia
Today Uber started its first car sharing programme in Bulgaria with the launch of UberX in the capital city Sofia. The Uber platform connects riders to drivers through apps. From the founding of the company in 2009 over 200 cities have been covered08.12.2014 12:09Bulgarian-Indian Joint Venture to Produce Bitumen near Mumbai
A newly uncovered bitumen production in November is the first large-scale Bulgarian investment in India, Mediapool wrote, citing information from the Bulgarian Embassy in India. The factory, situated 25 km outside of Mumbai, is owned by Bulgarian-Indian05.12.2014 11:49Bulgargaz Gets Loan from Parent Structure for Gas Payments to Russia’s Gazprom
The state-owned Bulgarian Energy Holding (BEH) will secure a loan to its subsidiary Bulgargaz aimed to cover natural gas payments to Russia’s Gazprom, Severin Vartigov of BEH stated for the Bulgarian National Radio. The move became necessary04.12.2014 17:30OP Regional Development Funds Re-Opened for Bulgaria
The blocked Operational Programme Regional Development fund have been re-opened for Bulgaria, EC VP Kristalina Georgieva announced today during a joint briefing with President Jean-Claude Juncker and Bulgarian PM Boyko Borissov in Brussels. A work04.12.2014 15:52Juncker: South Stream Can Be Built, the Conditions for This Are Clear
Bulgaria has not yet been officially notified by Russia about the cancellation of South Stream and thus Bulgarian PM Boyko Borissov has coordinated with European Commission President Jean-Claude Juncker the furthering of preparatory works on the
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