Latest News from Bulgaria

Bosch Buys German Software Co with Sofia-based R&D Center

Bosch Software Innovations, a wholly owned subsidiary of German technology giant Bosch, plans to acquire Cologne-based ProSyst Software AG, which has a research and development unit in Sofia.

Agreements to this effect were signed on February 13, 2015, according to a media statement of Bosch.

ProSyst employs some 110 associates in Cologne, Germany, and Sofia, Bulgaria.

FDI in Bulgaria Down 7.3% in Jan-Dec 2014

According to preliminary data of the Bulgarian National Bank (BNB), foreign direct investment in Bulgaria recorded a net inflow of EUR 1.1816 B (2.8% of GDP) in January - December 2014, dropping by EUR 93.5 M (7.3%) from January - December 2013 (an inflow of EUR 1,275.1 M, 3.1% of GDP).

In December 2014 FDI grew by EUR 119.6 M, compared with an outflow of EUR 270 M in December 2013.

Hemus Motorway to Pass Closer to Veliko Tarnovo Than Initially Planned

The projected route of Bulgaria's Hemus motorway in the area of Veliko Tarnovo will be changed to facilitate easier connection to a new motorway that would link the city with the Danube port of Ruse, at the border with Romania.

Visegrad Four  to Share E-Government Best Practices with Bulgaria

Good practices in the implementation of electronic government services will be presented at an expert workshop in Sofia organized by the embassies of the four countries of the Visegrad Group in Sofia on 26 February.

Bulgaria's Govt to Prioritize Economic Development of Northwestern Region

Bulgaria's Economy Minister Bozhidar Lukarski presented measures aimed at overcoming the economic backwardness of the northwestern region, the poorest region in the EU.

Lukarski and Deputy Prime Minister Meglena Kuneva visited Montana on Monday to meet with business representatives from Vidin, Vratsa and Montana at the invitation of MPs from the districts.

Share of Informal Economy in Bulgaria at 30-35% - Trade Union Head

40% of workers on a global scale are part of the informal economy, with Bulgaria occupying a prominent place in the ranking with a share of 30-35%, according to Plamen Dimitrov, President of the Confederation of Independent Trade Unions in Bulgaria (CITUB).

Bulgaria PM, Ukraine Foreign Minister Discuss Humanitarian Aid, Visas  

Sending humanitarian aid to ethnic Bulgarians in Ukraine and proportional mobilisation of Ukrainian servicemen belonging to various ethnic groups have been discussed on Monday by Bulgarian Prime Minister Boyko Borisov and Ukrainian Foreign Minister Pavlo Klimkin.

Serbia Chooses Bojana Stamenov for Eurovision

The jury and the audience of 'Countdown To Vienna', Serbia's televised national final to choose the country's representative at Eurovision, voted on Sunday evening for Stamenov to go to Austria to compete in May.

Stamenov, a popular local soul, funk and jazz singer, also reached the final of the Serbian televised competition 'I Got Talent' in 2012.

Bulgaria's Regional Development Ministry Seeks Concessionaires for 22 Beaches

Bulgaria's Regional Development Ministry is looking for concessionaires to manage 22 beaches for 5-year periods.

Although most of the beaches have not been taken care of for several years, there are a number of attractive offers in the resorts of Sveti Vlas, Elenite, etc, according to reports of Capital Daily.

Grigor Dimitrov Keeps 11th Place in Ranking, Pironkova Drops

Bulgaria's top male tennis player kept his 11th place in the ATP ranking, while the country's best female representative Tsvetana Pironkova dropped seven positions in the WTA ranking.

Dimitrov, who was defeated in the second round of the Rotterdam Open last week, retains his 11th place with 3465 points.

Macedonian Inmate Caught While Trying to Cross into Bulgaria

Bulgarian and Macedonian police have detained a 41-year-old inmate who was seeking to enter Bulgaria.

In a joint operation, the two police forces prevented him from passing through the border where he had been accompanied by a Bulgarian national, according to the Interior Ministry in Skopje.

The Bulgarian, however, managed to flee.

Turkish Businesses to Invest in Balkan Countries

Alaattin Bayraktar, General Vice President of the Turkish Industrialists' and Businessmen's Confederation of Business Women, has vowed substantial investments in Balkan states in 2015.

Fresh Snowfalls Expected in Bulgaria

Over the course of the next day Bulgaria will slowly be taken over by strong northern and north-eastern winds.

Today, the maximum temperatures are expected to be between 2° C and 7° C, with lowest values along the Black Sea coastline - around 2°C, as reported by the Bulgarian National Institute of Hydrology and Meteorology.

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