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Thread: Bulgaria - Economy Thread

  1. #11
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    Here is how they are going to look like:


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  3. #12
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    Deposits in Bulgaria Banks Hit New Record High

    February 2, 2012



    The largest increase in deposits in Bulgaria during the last quarter of 2011 coincided with growing concerns over the economic situation in the eurozone.

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    Banks in Bulgaria have been recording consistent and significant growth in deposits throughout 2011, a trend which peaked in the last quarter of the year, official data shows.

    The deposits of citizens in local banks increased by BGN 768 M only in December last year, according to data of the central bank BNB.

    Thus the total amount of deposits of citizens hit a record-high BGN 31.9 B at the end of 2011, marking an annual increase by 21% over 2010.

    From October to December 2011 deposits increased by BGN 1.4 B, which is the largest growth compared to the previous quarters and coincides with growing concerns over the economic situation in the eurozone.

    The central bank however provided no break-down of the figures into Bulgarian and foreign-owned accounts.

    There has been recently a noticeable trend among Greek and Romanian citizens and businesses, who prefer to open deposit accounts in Bulgarian banks, bankers have commented.

    The Bulgarian banks stability and their more attractive interest rate policy are the main reasons for the interest of Greek and Romanian citizens and companies, according to the bankers.

    Meanwhile a survey has shown that over the last five years only 45% of Bulgaria's population disposed of sufficient incomes to be able to put aside regular savings, predominantly small sums of BGN 100 per month.

    A recent analysis by Bulgaria's biggest bank UniCredit Bulbank showed an interesting trend – in times of crisis people with larger deposits tend to increase the amounts in the bank accounts, while those with smaller savings have them downloaded.

    Moreover, it appeared that over two thirds of the money deposited in banks are in the hands of just 5% of the households in the country.
    Source: Bulgaria: Deposits in Bulgaria Banks Hit New Record High - Novinite.com - Sofia News Agency

  4. #13
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    Germans, Brits Top Sofia's Hotel Visitors

    February 2, 2012



    Among Sofia's four and five-star hotels, Kempinski Zografski registered the higher total number of hotel nights in 2011 (86 005).

    File photo


    People from Germany, the UK, Greece, Italy and France were the most frequent foreign hotel visitors in Bulgaria's capital Sofia, according to Sofia City Hall's official data.

    Most foreigners visited Sofia's hotels in September (over 76 000), October (over 75 000) and March (over 62 000).

    Among Sofia's four and five-star hotels, Kempinski Zografski registered the higher total number of hotel nights in 2011 (86 005), followed by Dedeman Princess (72 435), Hilton (59 178), Sheraton Sofia Hotel Balkan (55 139) and Rodina (47 365).

    Sheraton Sofia Hotel Balkan observed the highest bed utilization rate in 2011 (84%), followed by Hilton (67%).

    Over the last four years, a steady growth has been registered in the number of nights spent in Sofia's four- and five-star hotels, reaching 64% of all Sofia hotel nights in 2011, while the one- to three-star hotels have seen a decrease for the same period.
    Source: Bulgaria: Germans, Brits Top Sofia's Hotel Visitors - Novinite.com - Sofia News Agency

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    Here are the cars Made in Bulgaria (EU).


    GW Voleex
    [youtube]VbIEDjTNW2c[/youtube]


    GW Steed
    [youtube]0q12Ovcldrw[/youtube]


    GW Hover
    [youtube]zzy-yUW6x04[/youtube]

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    Bulgaria's Bokova Opens Intangible Heritage Centre in Sofia

    February 20, 2012



    UNESCO Secretary General, Bulgaria's Irina Bokova.

    Photo by EPA/BGNES


    A new Intangible Cultural Heritage Centre in southeastern Europe based in Bulgaria's capital Sofia, will open on Monday, the United Nations Educational, Scientific and Cultural Organization (UNESCO) announced.

    UNESCO Director-General, Bulgarian Irina Bokova, is due to inaugurate the Regional Centre for the Safeguarding of Intangible Cultural Heritage in South-Eastern Europe under the auspices of UNESCO while she officially visits the country.

    This center will be one of six around the world that focus on intangible cultural heritage. It will be the only one in Europe, therefore "plays a crucially important role," the UN cultural agency said.

    "Bulgaria has every reason to be proud to host it," Irina Bokova said prior to her departure to the country.

    Bokova underlined the importance of centers and institutes set up under the auspices of UNESCO, pointing to their role in advancing the Organization's strategic objectives and priorities.

    "These are centers of excellence with unique expertise. They amplify UNESCO's messages in societies and regions across the world and promote networking and exchange of relevant technical information. These centers play a key role in reinforcing UNESCO's impact on education, science, culture and communication in the world," said the Director-General.

    During her visit to Sofia, Bokova will hold meetings with Bulgarian President Rosen Plevneliev and other senior government officials as well as prominent Bulgarian intellectuals.
    Source: Bulgaria: Bulgaria's Bokova Opens Intangible Heritage Centre in Sofia - Novinite.com - Sofia News Agency

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