БСЦ МСП-Русе

Business Support Centre for Small and Medium Enterprises

Bread Prices To Increase If Gas Price Goes Up by 30%

Bread prices will go up if the price of natural gas rises by 30% in April, warned the chairman of the Regional Union of Bread Producers in Burgas Dimitar Ludiev. Over 60% of bread producers in the country depend on the price of the blue fuel. They are still not ready to react and have not drafted estimates. “If the price of gas goes up by 30%, the price of bread will increase by 6-7%. We
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Belgian Spadel Is New Owner of Devin

Belgian company Spadel is the new owner of Devin as of March 10 in a deal for EUR 120 M. The new owner bought the majority share from US fund Advent at an estimate of the bottling company to the amount of 11 times the gross profit. There was a total management overhaul after the deal – there is no longer a Supervisory Board. Tomas Krenbauer will keep his position on the Board of Directors
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Malyovitsa Hut Awarded Best Tourist Chalet of 2016

Rila is one of the most popular and accessible mountains in Bulgaria. Many tourist sites attract thousands of tourists and skiers in all seasons. Malyovitsa resort is among Rila's most visited resorts. It offers excellent conditions for skiing and snowboarding. Last year it was awarded the best tourist hut of 2016 at the annual tourist awards of the Bulgarian Tourist Union. The hut received that
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Reactors for Belene NPP To Arrive Under Enhanced Security Measures

All employees and workers laid off from the Belene port after 2012 have been reinstated in order to prepare the facility for the arrival of the two nuclear reactors ordered for the unfinished project for a second nuclear power plant. Because of their size, the reactors are expected to be transported along the Danube river in the beginning of April. The security of the site where the plant was
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Expenses for Bulgaria's EU Presidency To Exceed BGN 50 M for 2017

The expenditures for the preparation of the Bulgarian Presidency of the Council of the European Union will exceed the limit of BGN 50 M allocated for this year and the amount will be altered, announced Yana Doncheva, director of the National Centre for Preparation of the Presidency of the EU Council. The total budget for the three-year period of the preparation is BGN 150 M but since the main
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Fewer Bulgarians Become Indebted, Debt Amount Grows

Fewer Bulgarians become indebted but the size of the debt is growing, announced the chairwoman of the Association of Collection Agencies in Bulgaria (AKAB) Rayna Mitkova, cited by BTA. According to Mitkova, there is a 22% increase in the average amount of a single debt and it is now about BGN 912. A year ago, this amount was BGN 717. As a whole, however, the volume of debts delegated for collection
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Wizz Air to Launch New Bulgaria – Bratislava Route

Low – cost carrier Wizz Air will launch a new route Slovakia-Bulgaria from June, 30, announced the company. So now the routes from Bulgaria are 33 to 16 countries. The company said also that there will be tickets to various destinations for EUR 2.99 and the price includes all taxes for one direction. For sure the tickets with such price will be available only for flights from Sofia and they
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Bulgaria to Speak Out against Multi-Speed Europe

Bulgaria will voice its position against the model of multi-speed Europe suggested as one option by European Commission President Jean-Claude Juncker, the government has decided. Clarifying the country's position for the European Council due on Thursday, ministers have reached a conclusion that Bulgaria should advocate for reaching consensus on common goals and solidarity with front-line states in
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Romania's Top Anti-Corruption Official Visiting Bulgaria Next Week

The head of Romania's Anti-Corruption Directorate (DNA) is set to visit Bulgaria next Thursday, local media report. Laura Kövesi has been invited by the Supreme Court of Cassation (VKS) to discuss her agency's progress in fighting corruption. She will take part in a conference titled "The Romanian Experience. Anti-Corruption Institutions and Measures", organized by the VKS and due on March 16
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Chinese Investor 'Eyes Bulgaria's Railways'

A Chinese company is willing to invest more than BGN 300 M into Bulgaria to build a locomotives factory, caretaker Prime Minister Ognyan Gerdzhikov has said. The investor is ready to cover the Bulgarian State Railways (BDZ)'s debt worth hundreds of millions, and to pay off BGN 260 M of it, the Bulgarian National Radio quotes Gerdzhikov as saying. The head of goverment has made it clear he is ready
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