• Wizz Air with base in Burgas and new destinations

      Wizz Air with base in Burgas and new destinations

      The low-cost airline Wizz Air has opened its first base in Burgas, which is its third in the country. The company will base one Airbus A320 at the Burgas Airport on a seasonal basis - for the months between June and September 2021. By establishing this new base, Wizz Air now operates flights to 16 destinations from the Black Sea city, 10 of which are new and will become operational this month. Tickets are already available.

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    • Wizz Air to fly between Burgas and Kiev

      Wizz Air to fly between Burgas and Kiev

      The Bulgarian government has designated Wizz Air Hungary Ltd as air carrier to operate on the international airline route Burgas-Kiev-Burgas, announced the press service of the Council of Ministers, quoted by the Bulgarian News Agency.

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    • Vivacom buys landline-based providers Net1, ComNet Sofia, N3

      Vivacom buys landline-based providers Net1, ComNet Sofia, N3

      Vivacom has finalised a series of deals to acquire 100% of the capital of landline-based internet and TV providers Net1, ComNet Sofia and N3 after securing approval from the relevant regulators. The acquisitions are part of the strategy of the company - now part of United Group, a leading telecommunications and media operator in Southeastern Europe - to expand its network of landline services for homes and businesses.

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    • Bulgarian investor builds smart plant near Plovdiv

      Bulgarian investor builds smart plant near Plovdiv

      The construction of BGN 40 million production plant for aluminium profiles, the largest on the Balkans, has started in Trakia Economic Zone. Minister of Economy Lachezar Borisov presented a Class A investment certificate to Zdravko Linkin, chairman of the board of directors of Interlink Group AD. This happened on 31 March at the turning of the first sod of a high-tech plant for aluminium profiles in Maritsa Industrial Zone, which is part of Trakia Economic Zone.

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    • Fitch raises Bulgaria's credit rating

      Fitch raises Bulgaria's credit rating

      The global credit rating agency Fitch Ratings raised from stable to positive the outlook over Bulgaria's Long-Term Foreign-Currency and Local-Currency credit rating. The country's BBB rating was affirmed. This was announced by the Ministry of Finance's press centre.

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    • Bulgaria's macroeconomic indicators are very good

      Bulgaria's macroeconomic indicators are very good

      Bulgaria is among the few countries in which there is growth in consumption and rising incomes during the coronavirus crisis. This was stated by Minister of Economy Lachezar Borisov during the virtual Economist event entitled EU Recovery and Resilience Fund for Bulgaria's Transition: Innovation - Green Agenda - Digital Transformation. Bulgaria's public debt is among the lowest, the budget deficit for 2020 is 3%, and the unemployment rate in the country is 5% according to data by the National Statistical Institute and 7% according to data by the Employment Agency, he added.

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    • Bulgaria prepares plan to adopt euro

      Bulgaria prepares plan to adopt euro

      The main tasks that the Bulgarian government has to undertake are related to fulfilling the Roadmap commitments resulting from the Bulgarian lev's entry into ERM II, which took effect on 10 July 2020. This is what Minister of Finance Kiril Ananiev said in an interview he gave at the annual Euromoney forum for Central and Eastern Europe, the Ministry of Finance announced on its website. According to him, a National Plan to Adopt the Euro in Bulgaria is being drafted.

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    • PM Borissov: Realisation of new nuclear power facility will be of strategic importance

      PM Borissov: Realisation of new nuclear power facility will be of strategic importance

      We have launched a procedure for searching an opportunity to build a new nuclear power facility on No 2 site of Kozloduy Nuclear Power Plant (NPP). This was posted by PM Boyko Borissov on his Facebook page after the Council of Ministers’ Meeting. The reason was the decision of the cabinet to give a mandate to the Bulgarian Energy Holding to study the possibility for construction of unit 7 of the NPP as well as to negotiate with US companies.

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    • Balkan Stream enters its final phase

      Balkan Stream enters its final phase

      With the implementation of Balkan Stream, Bulgaria turns into a regional strategic gas distribution centre and guarantees diversification of natural gas supplies. The project is entering its final phase. This was posted by Prime Minister Boyko Borissov on Facebook. Before that, he inspected the construction site of Balkan Stream from air, via a government helicopter.

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