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News
Citigroup Fund Buys 38% of Bulgarian Pharmaceutical Company
29 09 2010
Citi Venture Capital International (CVCI) is going to purchase 38% of the Bulgarian animal health company Huvepharma.

Emerging markets private equity investor CVCI, which is a subsidiary of alternative asset management platform Citi Capital Advisors, an arm of global investment bank Citigroup, announced the deal in a company statement cited by Dow Jones.

The deal will involve a primary...
 
Bulgarian, Georgian Companies to Come Together for Business Forum
29 09 2010
A Bulgarian-Georgian business forum is scheduled to take place in Bulgaria's capital amidst the visit of Georgia's Prime Minister in Sofia.

The forum is taking place on Monday, October 4, at the headquarters of the Bulgarian Chamber of Commerce and Industry (BCCI), which is its organizer.

The forum is part of the visit of Georgian Prime Minister Nikoloz...
 
Bulgarian Govt Strikes Deal with Business for 9% VAT in Tourism
29 09 2010
The Bulgarian business organizations and syndicates have supported the government's proposal for tax changes, including the introduction of a flat 9% value-added tax (VAT) in the tourism sector.

This has emerged after Tuesday's meeting of the Council for Tripartite Cooperation, an informal body for discussion of financial and economic policies uniting representatives of the Bulgarian government, the six major private business associations, and the two major trade unions in...
 
Foreigners’ holidays in Bulgaria pick up some 10% Y/Y
28 09 2010
Bulgarians have slashed vacations abroad as more foreigners visited the country on holiday in the three strongest summer months, showed data by the National Statistical Institute (NSI).

In June, July and August 2010, Bulgarians made approximately 248,000 foreign trips for excursion or holiday, which is down nearly 40% on the same period of last year.

Foreigners’ holiday trips to...
 
Subway Stations Lure Property Buyers in Sofia
28 09 2010
The property market in the Bulgarian capital has experienced a shift in the prices and interests of the buyers, data from real estate websites showed.

According to data from the Bulgarian property website imoti.net, the interest towards districts, which are considered prestigious, like Ivan Vazov, Iztok and Center, has decreased.

For the period August 20 – September 20, people who were...
 
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