Monthly Free Newspaper www.bulgarianbusiness.org.uk
Out on Thursday
BULGARIAN BUSINESS CLUB Succeed together
BULGARIAN PARLIAMENT COMMITTEE MOVES TO ADDRESS DEFICITS AT POWER COMPANY NEK
GREEK FIRMS MOVING TO BULGARIA COULD CREATE 20 000 JOBS - BICA
23 JULY 2015 YEAR Issue 4 PAGE 12
Issue Highlights BULGARIA’S C-BANK BACKING TIMELY FINALISATION OF POSTBANK-ALPHA BANK DEAL Bulgaria’s central bank has said its commitment and action taken so far create prerequisites for the timely finalisation of the acquisition of the branch nework of Greece's Alpha Bank in the country by Postbank, a subsidiary of another Greek lender, Eurobank. Continue on Page 3
PAGE 8 Due to the introduction of bank holiday and capital controls, 60 000 Greek firms have readiness to redirect their business to Bulgaria. Although Greek banks re-opened on Monday after remaining closed for three weeks, the funds of firms remain blocked in banks, leaving them unable to make payments to foreign suppliers.
BULGARIA’S VALLEY OF THRACIAN KINGS KEEPS ITS SECRETS IN THE fields of Bulgaria they are everywhere — hundreds of mounds like huge molehills concealing the gold-filled tombs of ancient kings who left no other trace of their rule. Continue on Page 7
BULGARIA BOOSTS FUNDING FOR TOURISM PROMOTIONS Bulgaria’s government has decided to increase funding for the promotion of domestic tourism sites by BGN 2 M (EUR 1 M) in 2015. The additional funding for advertising Bulgarian resorts and other places of interest to tourists will be provided through the restructuring of expenses at the Tourism Ministry for the current year, the government said in a statement after its weekly meeting on Wednesday. Continue on Page 17