Provinces of Bulgaria

Bulgaria's State-Owned Maritsa East 2 TPP Reported Loss of BGN 38.6 M in 2014

Bulgaria's state-owned thermal power plant Maritsa East 2 registered pre-tax loss of BGN 38.6 M for 2014.

The loss of the state-owned thermal power plant increased by 700% in just one year, according to reports of econ.bg.

In 2013 the Maritsa East 2 TPP reported a profit of BGN 6.5 M.

Code Yellow Issued in Five Bulgarian Municipalities

Code yellow has been issued in five southern regions of Bulgaria on account of the imminent prolific rains and expected thunderstorms. 

The warning is valid for the municipalities of Smolyan, Kardzhali and Haskovo as stated by the National Institute for Meteorology and Hydrology. The amounts of rain expected there will be between 15 and 35 liters per square meter. 

EU Capital of Culture Plovdiv Becomes Attractive Business Destination

Plovdiv is a brand new and ever more attractive business destination in Europe. The town has recently been proclaimed the European Capital of Culture of 2015. The ''Trakiya Economic Zone'' project is currently shaping to be one of the biggest investment projects for Bulgaria in the near future.

Minister to Launch Campaigns on Stimulating Bulgaria's Domestic Tourism

Bulgaria's Tourism Ministry foresees the launching of two campaigns aimed at stimulating domestic tourism, one of them being with the participation of the local authorities.

This was announced by Tourism Minister Nikolina Angelkova during her visit to the town of Kardzhali on Tuesday, daily Dnevnik reports.

Grand Kanyon Project Worth BGN 120 M to Be Launched in Sofia

The Bulgarian Council of Ministers has now approved a project-memorandum of collaboration between the government and investor Garanti Koza Bulgaria.

The document was regarding the project named Grand Kanyon - Sofia.

A large-scale tourism and recreational complex is to be built in the Sofia neighborhood Mladost on territories owned by the Turkish company.

Landslides Hamper Access to Bulgarian Resort in Rhodope Mountains

The Bulgarian municipality of Peshtera declared on Tuesday a partial state of emergency due to landslides, which are hampering the access to the resort Saint Constantine in the Rhodope mountains.

Three landslides have become active, which necessitated the one-month closure of roads from the town of Peshtera and the village of Debrashtina to the resort, daily Dnevnik reports.

Mines in Bulgaria's Madan, Zlatograd Suffered Millions in Damage due to Power Cuts in March

The mines in Madan and Zlatograd suffered damage worth around BGN 2.5 M due to the flooding caused by the heavy snowfall in March in the Rhodope Mountains, according to Nikolay Valkanov, Chair of the Board of Directors of Minstroy Holding.

Valkanov told the Bulgarian National Radio on Monday that the mines had been flooded due to the power cut for several days on end.

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