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Financial and business news from Bulgaria

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  • Lufthansa (Lufthansa) warned the €9 billion rescue package could be in jeopardy because of criticism from a key shareholder. The airline today urged shareholders to take part in next week's emergency meeting, The Associated Press reported.
    Lufthansa may not avoid bankruptcy if shareholders fail to approve rescue plan
    2020-06-17 22:30:17
    Lufthansa (Lufthansa) warned the €9 billion rescue package could be in jeopardy because of criticism from a key shareholder. The airline today urged shareholders to take part in next week's emergency meeting, The Associated Press reported.
  • In April, output in the EU construction sector dropped dramatically for the second consecutive month as measures introduced in Europe to limit the spread of Covid-19 continued to have a significant impact on all economic activity and construction in particular.
    Strong decline in EU construction in April, weak decrease in Bulgaria
    2020-06-17 22:30:04
    In April, output in the EU construction sector dropped dramatically for the second consecutive month as measures introduced in Europe to limit the spread of Covid-19 continued to have a significant impact on all economic activity and construction in particular.
  • Lidl Bulgaria will reduce the prices of 101 products from July 1st. The change in prices for part of the products is the result of the reduced VAT rate, which will enter into force from the same date. It will affect all baby foods and nappies under the chain's own brand - Lupilu, Pamper-branded diapers, books and others falling under the amendment to the Value Added Tax Act.
    Lidl Bulgaria reduces prices of 101 products from 1 July
    2020-06-17 21:30:18
    Lidl Bulgaria will reduce the prices of 101 products from July 1st. The change in prices for part of the products is the result of the reduced VAT rate, which will enter into force from the same date. It will affect all baby foods and nappies under the chain's own brand - Lupilu, Pamper-branded diapers, books and others falling under the amendment to the Value Added Tax Act.
  • The European Commission has adopted a White Paper examining the distorting effects caused by foreign subsidies in the Single Market. The Commission is now seeking the views and input of all stakeholders on the options set out in the White Paper. This was announced by the Commission's representation in Bulgaria.
    European Commission adopts White Paper on foreign subsidies in the Single Market
    2020-06-17 20:30:16
    The European Commission has adopted a White Paper examining the distorting effects caused by foreign subsidies in the Single Market. The Commission is now seeking the views and input of all stakeholders on the options set out in the White Paper. This was announced by the Commission's representation in Bulgaria.
  • United Partners is the communication agency with which Carlsberg - Bulgaria will work in the future. Thus, the brewing company strengthens its ambition to expand communication around its activities in the local market. Carlsberg's decision comes after a contest was held among the country's largest agencies.
    United Partners takes over the communication of Carlsberg - Bulgaria
    2020-06-17 19:30:04
    United Partners is the communication agency with which Carlsberg - Bulgaria will work in the future. Thus, the brewing company strengthens its ambition to expand communication around its activities in the local market. Carlsberg's decision comes after a contest was held among the country's largest agencies.
  • The situation in the labour market has been worrying since the coronavirus crisis. This was stated by former Social Minister Ivan Neykov in “Face to Face” on BBC. According to him, the statistics of the unemployed are very worrying — from the end of February to the middle of June about 200 thousand people lost their jobs.
    Ivan Neykov: At least a year will recover the labor market and the economy
    2020-06-17 18:30:15
    The situation in the labour market has been worrying since the coronavirus crisis. This was stated by former Social Minister Ivan Neykov in “Face to Face” on BBC. According to him, the statistics of the unemployed are very worrying — from the end of February to the middle of June about 200 thousand people lost their jobs.
  • Something rare happened in the Bulgarian public space, one of the most prominent lawyers of the organizations of the green movements in Bulgaria, Regina Stoilova, gave the iconic TPP “Bobov dol” as an example of taking into account the interests of the local community.
    Miracle of miracles! A lawyer for the green movements gave the TPP “Bobov dol” for example!
    2020-06-17 14:30:18
    Something rare happened in the Bulgarian public space, one of the most prominent lawyers of the organizations of the green movements in Bulgaria, Regina Stoilova, gave the iconic TPP “Bobov dol” as an example of taking into account the interests of the local community.
  • According to data from the National Insurance Institute (NSI), 205 thousand working from over 7600 enterprises received compensation under the measure for maintaining employment for the months of March, April and May.
    More than 7600 undertakings with compensation under the measure 60/40
    2020-06-17 13:30:16
    According to data from the National Insurance Institute (NSI), 205 thousand working from over 7600 enterprises received compensation under the measure for maintaining employment for the months of March, April and May.