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Bulgaria in Austria | Bulgarians in Vienna | Bilateral Relations

Bulgarian Interior Ministry Going Bankrupt over Mass Protests

According to Interior Minister Tsvetlin Iovchev the security of the public order at the protests has cost the taxpayers BGN 3m.

July 5, 2013

Moody’s: Turmoils In Bulgaria Will Not Affect Fiscal Stability

According to rating agency Moody's, the ongoing political turmoil in Bulgaria is not expected to negatively affect the country's fiscal stability.

July 4, 2013

No End to Protests in Bulgaria

Demonstrators demand the resignation of the government and early elections.

July 2, 2013

New Protests Against Government in Bulgaria

Demonstrators demand elections again.

July 1, 2013

Austrians to Invest Strongly in FDIs

Austrian investors have increased their direct investments in foreign countries by eleven percent to a total of € 145.5bn while FDIs in Austria remain unchanged at € 118.3bn.

June 26, 2013

OMV Starts Seismic Acquisition in Bulgaria

OMV and partners start seismic acquisition activities offshore Bulgaria.

June 25, 2013

EVN Arbitration Proceedings Against Bulgaria to Start

EVN AG commences investment treaty arbitration against the Republic of Bulgaria.

June 21, 2013

Bulgaria: Protest Against Government Continue

The prostest against the Bulgarian government have been going on for days.

June 21, 2013

Bulgaria: Eight People Injured During Protests in Sofia

Thousands of Bulgarian citizens walked the streets of Bulgaria’s capital Sofia for the fourth day in a row to demonstrate for Prime Minister Plamen Oresharski’s resignation.

June 18, 2013

Protests in Bulgaria

Almost two weeks after the assumption of office of the new Bulgarian government, demonstrators have once more demanded the resignation of the predominantly socialist cabinet.

June 17, 2013

Bulgaria: Sofia One Of Best European Destination for Manufacturing

The Bulgarian capital Sofia was labeled as one of the best destinations for opening a manufacturing plant in Europe.

June 13, 2013

Bulgaria: Protests Against Shale Gas Exploration

Protests will make it problematic for the new Bulgarian government to lift the moratorium on shale gas exploration.

June 10, 2013

WKO Export Day in Vienna

On June 20, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.

June 8, 2013

Oresharski: Things Were Never So Bad in Bulgaria

One week after assuming office, Bulgaria’s new Prime Minister Plamen Oresharski announced that the social and economic situation in the country has reached an all-time low.

June 5, 2013

S Immo AG: Green Building Certification And Another Award In SEE

BREEAM certificate and SEE Green Building Award for S Immo properties.

June 4, 2013

Bulgaria: Wave of Unemployment Expected This Fall

Bulgaria could be hit by a wave of unemployment in the fall of 2013.

June 3, 2013

Bulgaria: Parliament to Vote On Government

This morning, the Bulgarian parliament has started a session for the voting on the new government.

May 29, 2013

Meinl Bank to Enter Bulgarian Market

Meinl Bank still awaits the green light from the Bulgarian National Bank before it can be opened.

May 24, 2013

Bulgaria to Table Bill of Amendments in Energy Sector

New regulations will be drafted when caretaker government leaves office.

May 23, 2013

Joint Nabucco-Declaration Signed by Governments

Austria, Hungary, Romania, Bulgaria, Turkey adopt Nabucco joint declaration.

May 22, 2013

Bulgaria’s Election Winner To Annul Results

GERB party, winner of the early presidential elections in Bulgaria, announced to file a lawsuit before the Constitutional Court.

May 16, 2013

Prolongation of Nabucco Exemption Confirmed

National Regulators Confirm Prolongation of Nabucco Exemption

May 14, 2013

CEE/CESEE: Banking Sector on Fastlane

The banking sector in CEE continues to outperform its Western European counterpart.

May 13, 2013

Bulgaria: CEZ to Keep License

Former PM Borisov had been critical of CEZ in Bulgaria. Energy Minister Vasilev annouced the power supplier would not lose its license.

May 13, 2013

No Changes in Bulgarian Political Landscape

At the early elections in Bulgaria, Prime Minister Borissov’s Gerb party turns out winner in the early elections.

May 13, 2013

CEESE: Economic Growth Stagnant

Orban claims Hungary is the country with the highest growth rate in CEE/CESEE next year.

May 10, 2013

Real Estate Industry: Major Losses for Properties In CESEE

According to Manfred Wiltschnigg, CEO of Austrian Real Estate Agency Immofinanz until the end of March, investments in Poland are becoming more risky.

May 6, 2013

Romania: Confident About Economic Recovery

According to a survey, Romanians are among the most confident citizens in Europe about the recovery of their economy.

May 2, 2013

CESEE: Business Climate Index Dropped in April

Enterprises in CESEE countries remain cautious for the most part.

May 2, 2013

Austria: EVN Results Expected to Be Below Estimates

EVN specifies expected consolidated Group net profit as of 09/30/2013

May 2, 2013

EU Ready to Adopt Measures Over CEZ in Bulgaria

Van Rompuy promised to take actions during his visit in Prague.

April 29, 2013

Bulgaria: Sofia As Most Affordable Tourist Destination

Huffington Post has nominated Bulgarian capital Sofia to be the most affordable tourist destination in Europe.

April 24, 2013

Bank Austria: Focus on Major Clients in CESEE

In an interview with Austrian newspaper Standard, Head of CESEE division of Bank Austria, Gianni Papa, explains why the banking institute wants to focus on its core market.

April 18, 2013

Bulgaria: FDI Increased by € 40.3m

Largest investments from Greece (€ 9.4m). Austria ranks 4th (€ 6.1m) in investors.

April 18, 2013

Poland: Favorable Forecast Despite of Recession in 2013

Poland’s economy is the biggest among the younger member states and continues to grow even with the current recession.

April 17, 2013

Bulgaria: New Coca-Cola Headquarters in Sofia

The world’s largest soft drink producer Coca-Cola is to relocate one of its competence centers from Belgium to Bulgaria.

April 15, 2013

EU Examines Bulgarian Electricy Market

On request of the Bulgarian Government, an expert group will examine the prices for electricity after the protests. Another issue is the independence of the energy regulator.

April 12, 2013

Bulgaria: Commission Forcasts Economic Imbalances until 2015

EU Commission: Trend of reducing imbalances in Bulgarian economy is confirmed

April 11, 2013

Fitch: Poland Best Placed For Economic Recovery

In a statement regarding a report on the need of structural reforms in the CESEE region, rating agency Fitch awarded Poland the best position for an economic recovery among five countries.

April 9, 2013

Law Files Against Bulgaria from EVN and CEZ.

Power Suppliers EVN, CEZ and Energo Pro have to face high losses. CEZ announced to file a law against Bulgaria as well.

April 3, 2013

Bulgaria: Budget Deficit Amounting to BGN 732.0m

The budget balance under the Consolidated Fiscal Programme (CFP) as of end-February 2013 is negative, amounting to BGN 732.0 million.

April 2, 2013

Bulgaria: Labor Hour Costs Increased 5.1 % in Q4 2012

Preliminary data of NSI for the Fourth Quarter of 2012 indicated that the total hourly labour cost rose by 5.1% compared to the Fourth Quarter of 2011.

March 30, 2013

EVN to Get Support by State Secretary

State Secretary Lopatka intervened in EVN’s dispute with Bulgarian government. He urges Bulgaria to ensure protection of investments.

March 29, 2013

"Croatia Will Not Benefit From Joining The EU"

Croatia will join the European Union as the 28th member state in a few months. Economists criticize the country for not carrying out enough reforms and only focusing on tourism.

March 22, 2013

EVN to Start Arbitration Procedure

Today, Austrian power supply company EVN informed the state of Bulgaria about opening arbitration proceedings.

March 19, 2013

Future of the EU Requires Solidarity And Integration

The EU has declared the year 2013 to be the “year of citizens”. The citizens of the EU should become aware of their European identity and their rights that come along with it.

March 15, 2013

Eurozone: Cut in Interest Rate Not Necessary

According to govenor of the Austrian National Bank an interest rate cut to improve the economic situation in the eurozone is not required at the moment. UKIP Leader Farage criticizes politicians for denying problems in eurozone.

March 14, 2013

Bulgaria: Caretaker Government Announced

Three weeks after the stepping down of Bulgaria’s right-of-center government, President Rosen Plevneliev put together an interim government.

March 12, 2013

Bulgaria: Latest Protests Against Privatizing of Railway

Protesters in three cities gathered to demonstrate against the privatization of the freight division of the Bulgarian state railroads (BDZ).

March 12, 2013

Bulgarian Foreign Trade with EU decreased by 3.6 %

Exports decreased by 3.6 % while imports increased by 7.5%

March 12, 2013