INVESTMENT NEWS

New factory with foreign investment was opened

The Interim Deputy Minister of Economy and Energy Branimir Botev opened the new food industry factory of VERNADA in the village of Gorna Rosica, Sevlievo municipality. The official ceremony was attended by the State Secretary of Romania Bogdan Pandelica, the Ambassador of Israel in Bulgaria H.E. Khamis Shaul Raz and the Israeli Ambassador in Romania H.E. Dan Ben-Eliezer, the Bulgarian Ambassador in Bucharest H.E. Alexander Filipov, Svetoslav Mladenov, Executive Director of InvestBulgaria Agency / IBA/ and Romanian diplomats.

The factory in Gorna Rosica is specialized in production of hummus based salads under the Israeli technology. VERNADA company has invested over BGN 2.5 million, half of which are European investments provided under Measure 123, and the rest of the funds are provided by its Romanian partner OCEAN FISH. The company’s monthly capacity is of 45 tones of packaged salads, most of which are exported to the Romanian market. An export to Israel is being negotiated.

NEWS FROM BCCI

Bulgarian delegation took part in the European Parliament of Enterprises 2014

Bulgaria’s report on internationalization with a focus on SMEs and for the protection of the economic interests of EU companies on third country markets Още

BCCI attended the European Economic and Social Committee Plenary Session

Debate on the future of "Europa" with Valery Giscard d'Estaing, former President of the French Republic Още

Bulgarian Academy of Sciences celebrated its 145th anniversary

The creation of the Bulgarian Literary Society 145 years ago, whose successor BAS is, represents the flight of a resurrected nation to knowledge and progress Още

Opportunities for increased trade and economic cooperation with Nigeria were discussed at the BCCI

Bulgaria may render competent technical assistance and involve into the construction of a modern infrastructure in Nigeria Още

INVESTMENT NEWS

Foreign direct investment in Bulgaria for January - August 2014 have increased

The biggest investor in the period from January to August this year is Netherlands Още

New factory with foreign investment was opened

The factory is specialized in the production of hummus based salads under the Israeli technology Още

BULGARIAN ECONOMY

Bulgaria registers 0.8% deflation Y/Y September 2014

The inflation rate since the beginning of the year (September 2014 compared to December 2013) has been -1.4% Още

Bulgaria’s unemployment rate at 10.5% in September

According to the Employment Agency, there is a lasting upward trend in the number of unemployed people who started jobs in the real economy Още

Bulgaria ranks world's 20th in internet speed, accessibility

The main reason for the good internet speed in Bulgaria is the fragmentation and competitiveness of the ISP sector in the country Още

The national domain .бг in Cyrillic approved by ICANN

The use of the Bulgarian alphabet on the Internet is a significant step towards the protection of the language and strengthening our cultural identity Още

BULGARIA AND EU

EU recommends that Bulgaria deregulates electricity prices

Speeding up the construction of gas pipeline connections with the neighbouring countries, recommends the EC in a report Още

EU Solidarity Fund: Commission moves to help Serbia, Croatia and Bulgaria after May's major floods

The proposed aid of €10.5m to Bulgaria is to help cover part of the emergency costs incurred by the public authorities Още

UPCOMING EVENTS

Bulgaria Economic Forum'2014 „Bulgaria on the EU road to 2020”

3 - 4 December 2014, Sofia Hotel Balkan Още