Varna Municipality approved the gratuitous acquisition of 29% of the assets of International Fair Plovdiv which were previously owned by the state. A resolution of the Bulgarian government transferred the ownership to the Black Sea city of Varna. 20% of the state-owned assets were transferred to Plovdiv Municipality, but the municipal councilors of that city refused to acquire those assets, saying that they would agree to acquire 49% of the shares of the emblematic fair. Bulgarian businessman Georgi Gergov is the majority shareholder of the company. The International Fair Plovdiv was founded in 1892 when in August the same year the first Bulgarian agricultural and industrial exhibition was held in Plovdiv. It aimed at stimulating the weak Bulgarian industry and agriculture and at establishing contacts between local and foreign producers. Today the International Fair Plovdiv is among the biggest of its kind in Eastern Europe. It covers an area of 352,000 square meters and consists of 17 multifunctional pavilions.
Bulgaria and China established diplomatic relations 75 years ago – in 1949. A year later, the People’s Republic of China and the People’s Republic of Bulgaria, as this country was then called, exchanged ambassadors, developing full-scale relations –..
The investment in Sofia Airport's Terminal 3 will set new standards for the industry and travel in Eastern Europe, reports BTA, quoting Jesus Caballero, CEO of Sofia Airport operator. Speaking at the presentation of the future Terminal 3,..
Bulgaria has taken on new foreign debt of 3 billion euro and 1.5 billion US dollars, the Finance Ministry has announced. The triple tranche of Bulgarian bonds has sparked great interest among investors, allowing the country to secure extremely..
Japan's Sumitomo Electric Bordnetze plans to cease operations at one of its factories in Bulgaria, located in Mezdra, by 2025. Its second factory in..
The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a..
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