Business news about Varna, Bulgaria

Bulgarian-focused property developer and investor Orchid has announced the formal opening of Orchid Gardens Varna, its multi-use retail, offices and residential complex, having received its final permits. Orchid says this follows frustrating construction delays due to issues with the contractor. Orchid Gardens Varna is one of the largest multi-use complexes ever built in Varna; the [...]

Varna Airport serviced over 1.17 million passengers since the beginning of 2012, up by 0.7% as compared to 2011, according to reports of business news portal based on recent data on the passenger flow through the two major Bulgarian Black Sea airports granted under concession to Fraport Twin Star Airport Management AD. According to [...]

Three major cities – Sofia, Varna, and Bourgas – are increasingly becoming Bulgaria’s key investment destinations, a trend that is exacerbating the country’s depopulation, according to a report of the Institute for Market Economy (IME), a Sofia-based NGO. Because of the economic crisis and ensuing unemployment a greater percentage of Bulgaria’s population is seeking relocation [...]


Black Sea city of Varna and South Africa’s parliamentary capital city Cape Town completed the process of signing a twinning agreement on November 6 2012, the South African embassy in Sofia said.

The total number of newly delivered residential units in capital of Bulgaria Sofia in Q1 2012 is 231 which is almost twice less compared to those in Q1 2011. The new deliveries in Varna are 448 and in Bourgas – 527 only for the first three months of the year. The residential buildings in Sofia [...]

Ivan Kostov, leader of the Democrats for Strong Bulgaria (DSB) party, has argued that a successful concession procedure conducted by the authorities could attract an investor that could bring about a five-fold increase in cargo turnover at the Varna port. The rightist leader reported Monday the results of the visit of the DSB delegation to [...]

Bulgaria’s Transport Minister Ivaylo Moskovski and representatives of concessionaire Fraport Twin Star Airport Management officially opened the rehabilitated runway of Bulgaria’s Varna airport. “The concession of the Burgas and Varna airports is a good example of public-private partnership,” Moskovski said at the ceremony. “We managed to attract EU financing for the railroad infrastructure, but when [...]

I think that this year we will manage to seriously increase the ferryboat shipments from Varna seaport to Caucasus by launching two more ferryboats (Russian and Bulgarian) along this route,” said Russian Ambassador to Bulgaria Yuriy Isakov in an interview with FOCUS News Agency. “Russia’s Lukoil has already invested in Bulgaria – in Lukoil Neftochim [...]

Landmark Centre Varna will be offered for sale at a public auction at the initial price of seven to eight million euro on March 21 2012. The sale of the Landmark business center in Varna with a guide tag of 6.7 million euro will test the attitudes of Bulgarian real estate investors toward a market [...]

The owner of Varna Power Plant will invest at least EUR 100 million in order to prolong the operation of the thermal power plant and to reduce the greenhouse gases emitted into the atmosphere, the Stroitelstvo Gradat weekly informs. That was announced by the Czech company CEZ which bought the power station from the state [...]