Bulgarian construction company Trace Group Hold unveiled double turnover and a profit of BGN 3.4 million for the first six months of the year, turning from a year-ago loss of BGN 2.3 million.

Turnover between January and June 2010 added up to BGN 93.4 million. Operating expenses surged by 87% to BGN 90.4 million. In its earnings report, the group did not specify the projects that fuelled the increase in revenue. Its most recent contracts include the Trakiya motorway section linking Stara Zagora and Nova Zagora.

The group also scooped up...

After a string of weeks dominated by declines and bad news, stock market investors are gearing up for recovery, brokers told Dnevnik, noting that the speech by Federal Reserve chairman Ben Bernanke will set the direction.

On Friday, the Fed chief pledged to take all possible steps to ensure continuation of economic recovery and to map out measures to take in case it starts to lose steam. The US markets welcomed the statement.

“Stock markets will most probably rise in the coming days unless Ben Bernanke’s Friday speech contains...

There is no difference in the expenses made for buying an office by a mortgage in Bulgaria and leasing it, according to non-banking financial institution Creditex, part of the Bulgarian unit of Dutch-based TBI Financial Services.

The company anticipates pick-up in the Bulgarian business property market due to changes in the ratio between selling prices and rents.

Around 16 percent of Creditex’ loan portfolio covers investment properties. While lease prices are lower than in 2008 and loan interest rates are higher, the purchase of...

Bulgaria’s National Revenue Agency will collect all its dues for 2010, promised the agency director Krasimir Stefanov.

Speaking for the Bulgarian National Radio, Stefanov said that his subordinates will gear up all their efforts to achieve that goal.

He vowed BGN 12 B collected by the end of the year, saying up to now BGN 7.5 have entered into revenue.

Stefanov moreover said that the Revenue Agency will continue on its campaign against tax evasion and was positive about results achieved, especially in the Black Sea...