Bulgaria's Prime Minister Boyko Borissov and Lower Austria Chancellor Erwin Proell broke ground Monday for a new co-generation facility in Plovdiv, Southern Bulgaria.

The new electric and heating power plant will be constructed by Bulgaria's Austrian-owned power utility EVN EVN Bulgaria near the Plovdiv North Heating Plant.

"Bulgaria has to take full advantage of the fact that it is situated on international crossroads to attract investments in infrastructure," stated Borisov Monday.

On his part, Chancellor Proell stated...

The increase of Bulgaria's government share in the country's only stock exchange is a step for its reprivatization, probably selling the stake to an international exchange group, insiders say.

Bulgaria's Finance Ministry raised on Monday its share to 50,05% from 44% in the country's stock exchange, which has been turned into a public company.

A proposal to this effect was adopted at an Extraordinary General Meeting of the Bulgarian Stock Exchange on September 13.

It is expected that the listing of the Bulgarian exchange...

Bulgaria's export to the other EU member states registered a substantial growth in the first half of 2010.

In January-June, it grew by 17.4% reaching BGN 8 B. At the same time, Bulgaria's import from the EU was BGN 9.9 B, an increase of 2.8%.

Thus, Bulgaria's trade deficit with the rest of the EU was BGN 1.9 B in the first half of 2010.

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Chinese telecoms and media tycoon Richard Li is considering a deal with Dubai-based Oger Telecom as he tries to retain control of Bulgaria's top fixed-line operator Vivacom, according to reports.

Li and Oger have been in a battle over Vivacom for the last few months after it was put for sale by US insurance giant AIG.

Chinese billionaire Richard Li, who controls Bulgaria's Vivacom, was...