Melrose Finds New Natural Gas Deposits in Bulgaria
Natural gas prices in Bulgaria will go down in the fall of 2010 as a result of extraction from three new deposits discovered by UK-based company Melrose resources. The three new natural gas deposits - Kaliakra, Kavarna, and Karvana East - are located in the very northeast of Bulgaria, in the Black Sea off the Kaliakra Cape.
Bulgarian PM pledges to keep social security contributions unchanged until end of 2012
Just days after promising trade unions to calculate the financial effect of a potential two per cent increase in social security contributions from 2011, Bulgarian Prime Minister Boyko Borissov pledged before employers to leave them intact until the end of 2012.
AES Solar Energy Plans To Invest $400 Mln in 80 MW Solar Park in Bulgaria
AES Solar Energy, part of U.S. energy group AES, plans to invest $400 million (307.6 million euro) in an 80 megawatt (MW) solar park in Bulgaria, state-run news agency BTA reported on Wednesday.
Greece and Bulgaria on Tuesday signed a joint declaration over tax and customs administration issues, in the framework of a Greece-Bulgaria Cooperation Council held in Sofia. The aim of the joint declaration is to deal with VAT fraud and customs violations at the borders of the two countries, along with combating smuggling.
Alpha Bank on Tuesday announced the successful issuance of a covered bond issue, worth 1.0 billion euros, in the framework of a covered bonds program up to 8.0 billion euros, approved by the bank.
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