Tourism: Bulgaria to spend 300M leva on restoring castles, ancient sites
Posted by admin on May 7, 2012 in Blog | 0 comments
Tourism: Bulgaria to spend 300M leva on restoring castles, ancient sites Bulgaria is to spend about 300 million leva (about 150 million euro) in European Union funds over the next two years restoring 11 castles and a large number of ancient sites that are popular tourist attractions. Among the sites where restoration and...
Interest rates on loans likely to decrease, Bulgarian Development Bank chief Yagodin says
Posted by admin on Apr 1, 2012 in Blog | 0 comments
Interest rates on loans will start going down because of the decline in deposit profitability, Bulgarian Development Bank (BDB) chief executive Assen Yagodin said. His statement to local media, quoted by news agency Focus, came after the bank signed contracts with six commercial banks to launch loan facilities of 100 million...
Rate of extreme weather events increasing, Bulgarian meteorologist says
Posted by admin on Mar 23, 2012 in Blog | 0 comments
The winter that held Bulgaria in a prolonged icy and snowy grip may briefly clutch the country in a parting grip towards the end of March, but after that the weather for the rest of spring seems promising. Valeri Spiridonov, deputy director of the National Institute of Meteorology at the Bulgarian Academy of Sciences, said that...
Qatar to embark on new investments in Bulgaria this year, Qatari PM says
Posted by admin on Mar 14, 2012 in Blog | 0 comments
Qatar is interested in investing in the tourism, services, infrastructure and agricultural sectors in Bulgaria, it emerged at a joint news conference by visiting Bulgarian Prime Minister Boiko Borissov and his host, Qatar’s prime minister and foreign minister Hamad bin Jassem bin Jabor Al Thani. “We plan to start...
Bulgaria’s banking system stable although bad debts rising
Posted by admin on Apr 22, 2011 in Blog | 0 comments
Bulgaria’s banking system is stable even though it is now third in the European Union in the rate of bad loans, after bad loans had risen to close to 15 per cent year-on-year at the end of 2011, according to International Monetary Fund figures. The rate of bad loans, which at the end of 2011 added up to about 8.3 billion leva...