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The government decided to grant the Varna & Bourgas airport concession to Copenhagen Airports.
The decision is expected to have impact on Bulgarian Black Sea tourism development.The changes will affect both the physical infrastructure and the business operations model of the two airports. Up to now, we know of the following plans of the selected concessionaire:1. Construction of a new terminal in Varna and reconstruction ... -
Economic growth accelerates for a fifth quarter in row.
Economic growth accelerated in the last quarter of 2004. The real GDP growth reached 5.6% having been no more than 3.9% a year and a half before. In nominal terms, the economy now produces ?19.4 billion per year, which is exceeds the 1998 level by about 2/3. The last two quarters of 2004 registered record high levels of GDP grow... -
IMF Mission to Bulgaria and the revision of fiscal policy.
The agreement between the IMF mission and Bulgarian government will affect mainly public investment expenditures. The listed capital of ‘Public Investment Projects’ corporation will be reduced from BGN 340 million to 220 million. Additionally, the government committed itself to cut another BGN 117 million in expenditures. This r...