Economy of Bulgaria

Train Derails in the Area of Svoge

The fast train № 2601 from Sofia to Varna came out of the rails after Rebrovo station with the first cart of the locomotive of the composition. There is a temporary interruption of train movements in the section between Rebrovo and Svoge stations. About 100 people traveled on the train. The train has moved at a low speed and there are no injured passengers, reports Segabg. 

Chinese Company Appealed Against BDZ's Tender for New Railcars

China's CRRC (China Railway Rolling Stock Corporation) has appealed to the Commission for Protection of Competition part of BDZ's tender for the supply of 42 units with a budget of 675 million leva, reports Capital. 

With this, the complaints against the conditions of the BDZ's large-scale order are three in total, the other coming from Siemens Mobility and Skoda Transportational.

Total Collapse of Foreign Direct Investments in Bulgaria, According to a Report of the Bulgarian Industrial Association

The collapse of foreign direct investment in Bulgaria is total. This was said by Radosvet Radev, executive chairman of the Bulgarian Industrial Association. The BIA submitted a report for the period 2007 - 2017. The decline is deepening also in the current 2018, with investments in the first half being two times less than in the past.

Bulgaria's Revenue from Foreign Tourist Arrivals Grows 9.7% in the First Half of 2018

SOFIA (Bulgaria), August 17 (SeeNews) - Bulgaria's revenue from foreign tourist arrivals rose by an annual 9.7% to 1.3 billion euro ($1.5 billion) in the first six months of 2018, the tourism ministry said on Friday, quoting data from the central bank.