Bulgaria as a Science

Libra Bank and brokerage company Vanguard have recently launched a credit line dedicated to investments in securities traded on the Romanian capital market. (more…)

NEW DELHI, OCT 11: A high-level Romanian delegation, which includes 12 oil and power company representatives, will be visiting India from October 22. Led by the country’s commerce minister Loan Codrut Seres, the delegation will explore cooperation in several sectors including energy, automotives, heavy machinery, pharamaceuticals and real estate. (more…)

The conventional wisdom is that outsourcing has been very bad for the U.S. Information Technology workforce.

After all, now that a company can transfer the work of a $50/hour U.S. programmer to an equally skilled programmer in India or Romania and pay only $5/hour for the same job, what are U.S. workers to do? Ross Perot once famously described the result of job loss as the “Giant Sucking Sound”…from the movement of the jobs overseas. Virtually every newsgroup, blog and magazine editorial quotes anecdotal evidence of someone who has lost a job in the recent down turn as validation of this theory. Almost all make dire predictions of the end of U.S. I.T. dominance . (more…)

Bulgaria Looms as the Next Real-Estate Hotspot: Matthew Lynn

Aug. 17 (Bloomberg) — A villa overlooking the Black Sea? Or a flat in the Bulgarian capital, Sofia? If you happened to be vacationing in the area this year, you might have noticed just how temptingly cheap all those properties for sale are. (more…)

Full of Eastern promise: Romania to boom sooner rather than later
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No-frills airlines SkyEurope and May Air have firmly declared their intention to start operations in Bulgaria, it emerged at the international ROUTES aviation forum. (more…)

The Cabinet plans to waive off the taxation on general income, Finance Minister Plamen Oresharski announced on Wednesday. (more…)

Tourism experts voiced concerns over the risk that Bulgaria faces of quickly running out of resources by overconstructing and urbanizing the landscape, overpopulating the regions of cultural monuments, exhausting human resources and waters. (more…)

EuroFinance Capital has acquired 87% of Bulgarian Internet supplier Bitex (Bulgarian Information Technologies), it was announced on Friday, October 7. (more…)

MANY Western companies come to Bulgaria with the idea in mind that they can open a branch and transfer their business practises and corporate ethos to this land of wine and song, with a few minor modifications to allow for local needs and culture. (more…)