• Five bidders competing for Sofia Airport concession

      Five bidders competing for Sofia Airport concession

      Five internationally known investors have submitted bids for the Sofia Airport concession, the International Finance Corporation (IFC) said in a press release. Bids are being checked for compliance with the tender requirements, and the technical and financial offers will be opened in a public ceremony on May 9, 2019. All project documents have been published on the project website, www.concession-sof.bg, and are accessible to the public to ensure transparency and legality of the process.

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    • New contracts to speed up delivery of F-16 to Bulgaria

      New contracts to speed up delivery of F-16 to Bulgaria

      The fact that Morocco and another Asian country bid for the latest generation F-16 Block 70 to renovate their combat air force will speed up the implementation of the plans to start the manufacture of new jet fighters for Bulgaria and the delivery of the first aircraft to be in end-2022, Lockheed Martin reported quoting James Robinson, International Business Development Senior Manager for F-16 at the manufacturing company.

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    • Projects worth $7bn awaiting implementation in Lebanon

      Projects worth $7bn awaiting implementation in Lebanon

      Bulgarian companies will be able to apply for infrastructure projects worth over $7bn which are to be implemented in the Lebanese Republic, it transpired after the meeting between Bulgaria's Deputy Minister of Economy Alexander Manolev and Minister of Telecommunications and Chairman of the Federation of Lebanese Commerce, Industry and Agriculture Chambers Mohammad Choucair, the press office of the economy ministry reports.

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    • US among Top 20 trade partners of Bulgaria

      US among Top 20 trade partners of Bulgaria

      The United States is among Bulgaria's top 20 trade partners, Economy Minister Emil Karanikolov said Tuesday at the opening of a conference mottoed Explore USA, cited by his ministry in a press release. The conference discussed the opportunities of Bulgarian companies to expand their business in the US.

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    • PM Borissov discusses Balkan Gas Hub in Azerbaijan

      PM Borissov discusses Balkan Gas Hub in Azerbaijan

      During his official visit to Azerbaijan on 14-15 March, Bulgaria's PM Boyko Borissov discussed the future of the Balkan Gas Hub with the Azerbaijani President Ilham Aliyev. The bilateral cooperation in the field of power engineering and the possibilities for the participation of Azerbaijan in the hub were the key agenda items of Borissov's talks in Baku.

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    • Strategic investor for Belene nuclear power project sought

      Strategic investor for Belene nuclear power project sought

      Bulgaria is seeking a strategic investor for its revived Belene nuclear power project on the Danube River, which is estimated to cost at least €10bn. In a statement last Monday, the Bulgarian energy ministry said that it hopes to select an investor in the next year and has asked potential bidders to file letters of interest in the project to build two 1,000 megawatt nuclear reactors.

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    • French company to create 1,200 jobs in Varna

      French company to create 1,200 jobs in Varna

      Somfy, the international group which is a world leader in automatic systems for control of opening and closing of homes and buildings, is pondering investment in their first plant in Bulgaria. The company plans to build a high-tech base for assembling electric motors and electrical drive mechanisms in the district of Varna, Bulgarian National Radio reports.

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    • Market share of contraband cigarettes shrinks to 4.7%

      Market share of contraband cigarettes shrinks to 4.7%

      The share of contraband cigarettes on the Bulgarian market dropped to 4.7% in the second quarter of 2018, according to a survey which looked into cigarette sales by collecting and analysing empty cigarette boxes. The findings of the survey were unveiled on 19 September by an organisation dubbed Initiative Against Illegal Trade, in the presence of Prime Minister Boyko Borissov, ministers, MPs, experts and Prosecutor General Sotir Tsatsarov.

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