Business news about Varna, Bulgaria

2011 was a record year for the port of Varna with over nine million tons of processed cargo and over BGN 4 M in net profit. The information was announced by the Director of the Port of Bulgaria’s Black Sea capital, Captain Daniel Papazov, quoted by Radio Varna Wednesday. Expectations for 2012 are that the [...]

Bulgarian triple-play provider Vivacom has been authorised by the Communications Regulatory Commission (CRC) to trial 4G technology in the capital. Vivacom plans to deploy a Long Term Evolution (LTE) network in Sofia over the next three months. The company expects to use the platform to provide mobile broadband offerings with speeds of up to 100Mbps [...]

Cargo turnover at Bulgaria’s Black Sea port of Varna stood at a record-high 1.014 million tons in August, online trade publication reported. In January-August 2011, the freight traffic at Port Varna increased by 10% year-on-year, reaching BGN 5.5 million metric tons, the Bulgarian Transport Ministry announced. Grain and shipments from chemical plants based in [...]

Maja, a two-year old Polish girl from the city of Lublin, received a special welcome to Varna, as she became Varna airport’s one millionth passenger for 2011. The lucky girl, who is in Bulgaria for the first time, was welcomed by the airport’s director Dimitar Kostadinov and deputy director Plamen Hristov, who gave her a [...]

Englishmen, Japanese and Chinese are paying taxes in Varna. They have chosen the coastal city to live there and to make business because of the low tax rates in Bulgaria. 4,848 foreign citizens had paid their taxes in the regional office of the National Revenue Agency, officials from the agency announced. The English form the [...]

The owner of business and retail centre Varna Towers is negotiating its sale, Marin Zgurev, one of the company’s managers, told Dnevnik. Mr. Zgurev, however, declined to name the potential buyers, saying only that it was in talks with several investment funds for the asset. Currently, there is no deadline for finalising the deal because [...]

Varna Airport saw its passenger traffic climb 2.3 per cent on the year to 400 000 in the first half of 2011, the airport’s concessionaire, Fraport Twinstat Airport Management, said on July 13 2011. The highest rise was registered in tourists from Russia, Finland, Norway and Iran, the company’s spokesperson Ivelina Koeva said. The largest [...]

A waste recycling plant, an investment worth about BGN 50 M, was formally opened near the city of Varna. The recycling factory of Ecoinvest Assets, a consortium,is located in the village of Ezerovo, 10 km east of Varna, and was opened Saturday by Bulgarian Prime Minister Boyko Borisov. It has a built-up area of 16 [...]

Ships with length more than 12 meters long fish mainly for turbot and veined rapa whelk in North Black Sea, Yordan Harasimov, a member of Black Sea Sunrise Association, told FOCUS Varna Radio. Varna’s fishermen sometimes catch also scad, bluefish and red mullet. Fishermen in the northeastern district of Varna rarely fish for sprat, [...]

A regular speedboat service has been set up to carry tourists from the coastal city of Varna to the southern coastal town of Sozopol, where the relics of St. John the Baptist are exhibited. The service will become fully operational as of next month …