25.3.2008
RWE favourite for Belene nuclear power plant stake - report
Germany's RWE has edged ahead of Belgium's Electrabel in the race to be picked as the preferred buyer for 49 per cent in Bulgaria's planned nuclear power plant at Belene on the Danube, Reuters news agency reported on March 24, quoting sources close to the process."RWE is the clear favourite for now," the source, who...

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25.3.2008
Global credit crunch pushes Bulgarian interest rates higher
Several Bulgarian banks have raised, or plan to raise, interest rates on outstanding and new loans, Dnevnik daily reported on March 24.A survey of lending criteria carried out by the daily showed mortgage and consumer loans were the ones most affected, with interest rates going up by 0.25 to 0.5 percentage points.Former state...

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18.3.2008
Planetarium in Bulgaria’s Smolyan to hold quiz to mark World Observatory Day
This year the Planetarium in the southern town of Smolyan will mark the World Observatory Day on March 27th although it is observed on the Sunday that stays closest to the vernal equinox, Planetarium Director Hristina Kalaydzhieva told.“On this occasion, like any other year, we will hold our traditional quiz ‘What?...

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18.3.2008
Bulgaria is 51st in the World in Office Rent's Prices
The renting levels of offices in Bulgaria are stable. This is shown by the yearly report of ‘Cushman and Wakefield' for office surfaces in the world for 2007.Sofia continues to be the most preferred place for tenants of offices in Bulgaria.Meanwhile, the attention toward the other big cities in Bulgaria increases as many...

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14.3.2008
Overgas Inc to spend 75 mln levs on new gas mains in '08
Overgas Inc., the Bulgarian gas supplier, said it has earmarked 75 mln levs for the deployment of gas distribution networks in 2008. The company plans to plug 28,000 households into its distribution grid by adding 228 km of gas mains this year. City-by-city, the infrastructure development plans of the company break down as...

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12.3.2008
Belgium Electrabel and German RWE are Main Rivals for NPP Belene
The leadership of National Electricity Company (NEC) approved the companies Electrabel (Belgium) and RWE Power(Germany) as candidates who presented best conditions.The candidates continue negitiating in phase 2 of the procedure ‘Invitation for applying of interest for strategic investor on the project NPP Belene.The...

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27.2.2008
Bulgaria to resume electricity exports on March 1
Bulgaria's Energy Ministry announced Monday the country was going to resume its normal electricity exports starting March 1.The Energy Minister Petar Dimitrov imposed restrictions on the exportation of electric power on January 14 after Bulgaria's energy consumption grew tremendously because of the cold weather.Electricity...

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15.2.2008
Inflation of 12.5% y/y in January

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11.2.2008
First Session of the “Bourgas-Alexandroupolis” Pipeline IPC
The International Project Company (IPC) for the construction of the Bourgas-Alexandroupolis oil pipeline was registered in the Dutch capital Amsterdam, informs the site of Transneft cited by econ.bg.Representatives of the three countries-participants in the project – Bulgaria, Greece and Russia – chose the managing...

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18.12.2007
Bulgaria MPs Shower Themselves with 5% Pay Rise
In an extremely controversial move, Bulgaria's MPs voted in favor of a 5% bonus to their monthly pay slip next year in acknowledgment of their work in parliamentary committees. Pay rises are notoriously difficult to achieve, but not for the members of Bulgaria's parliament, who will also get extra money, equal to 5% of their...

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