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Business Support Centre for Small and Medium Enterprises

Chinese Investors Interested in Black Sea Motorway Construction

''Chinese investors are interested in the project for the construction of the Black Sea motorway‘‘, Prime Minister Boyko Borisov said in Burgas, according to Expert.bg. ‘’There are also intentions for direct year-round flights between Burgas and China’’, he further said. "They are interested in ports, too, but this is still at an earlier phase," the Prime Minister
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Bulgaria’s Pleven Opens Tender for Construction of Integrated Water Cycle

The northern Bulgarian city of Pleven opened a BGN 20.2 million ($12.1 million/10.3 million euro) tender for the construction of an integrated water cycle covering also the town of Dolna Mitropoliya, the country’s procurement agency said, according to See News. The tender will be divided into two lots, a notice posted on the website of the Bulgarian procurement agency on Thursday indicated.
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Bulgaria Backs New Chinese ‘Smart City’ Near Sofia

The large-scale Saint Sofia development, initially announced in 2014, has been granted the status of priority investment project and will benefit from a number of state-guaranteed incentives for a three-year-project, the state-controlled Invest Bulgaria Agency announced, quoted by The Balkan Insight. This was made possible after the coalition government, led by Prime Minister Boyko Borissov adopted
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Bulgaria’s Foreign Trade on the Rise

In the period January - May 2017 Bulgarian exports to the EU increased by 10.8% compared to the same period of 2016 and added up to BGN 13 283.0 Million. Main trade partners of Bulgaria were Germany, Italy, Romania, Greece, France and Belgium which accounted for 68.9% of the exports to the EU Member States. In May 2017 the exports to the EU grew by 19.5% compared to the corresponding month of
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NSI: Bulgarian Exports to 3rd Countries Increased by 25.4% in the Period January-June 2017

In the period January - June 2017 Bulgarian exports to third countries increased by 25.4% in comparison with the corresponding period of the previous year and amounted to BGN 8 798.8 Million, reported the National Statistical Institute (NSI). Main trade partners of Bulgaria were Turkey, China, the Russian Federation, Serbia, Egypt and the Former Yugoslav Republic of Macedonia which accounted for
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Varna Headed the World Bank's Ranking as a Good City to Start a Business

Bulgaria’s Black Sea coastal city of Varna headed the World Bank's ranking as a good city to start a business, according to BNT. The survey covers a total of 22 cities in Bulgaria, Romania and Hungary, which are compared to five main indicators. Sofia was ranked last among the Bulgarinan cities in terms of registering property, and one place before last to start-up a business. It is in one
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Bulgaria is Among the EU countries with the Biggest Growth in Registrations of New Cars

The European car market is growing at a slow pace in June amid fewer working days in Germany and the tensions over the uncertainty surrounding Brexit, but Bulgaria is among the countries in the European Union with the strongest growth in registrations of new cars. It is data from the European Automobile Manufacturers Association In June, new registrations in Bulgaria are 3,206 compared to 2,440 in
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NSI: Exports to Third Countries Grow 26% YoY in Jan-May 2017

In the period January - May 2017 Bulgarian exports to third countries increased by 26.0% in comparison with the corresponding period of the previous year and amounted to BGN. 7 244.4 Million, according to the National Statistical Institute. Main trade partners of Bulgaria were Turkey, China, the Russian Federation, Egypt, Serbia, the Former Yugoslav Republic of Macedonia, which accounted for 51.5%
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Cash Payments in Bulgaria to Be Limited to 5,000 BGN from 2018

GERB proposed on July 12 that cash payments be limited to BGN 5,000 (Euro 2,500) from January 1 next year, reported the Bulgarian National Television. Amendments to the Tax and Social Insurance Code will be discussed on July 13 by the Budget Committee in Parliament. With the amendments proposed by the Council of Ministers, cash payments were projected to be phased out from 10,000 to 1,000 BGN over
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Bulgaria Reduced its National Debt to 24%

The ministry of finance arranged a payment of more than EUR 990 million to holders of five year Bulgarian Euro bonds, issued at an annual coupon of 4.25% on 9 July 2017. The transaction included a tranche of 7-year bonds worth 1.144 billion euros at an interest coupon of 1.875% and a tranche of 12-year bonds worth EUR 850 million at a 3% interest coupon. By making the payment, Bulgaria's sovereign
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