Bulgaria is wrong to think that low salaries and taxes are enough to make it globally competitive, stated French Ambassador to Sofia Philippe Autie.
"In a global world, you can always find a country with lower salaries and taxes," said the envoy, speaking in an interview for Darik Radio.
(Reuters) - Three European railway companies are interested in buying all or part of
Bulgaria's first major highway, "Trakiya", linking Sofia to the Black Sea coast at Burgas is to be completed ahead of schedule, Regional Development Minister Lilyana Pavlova announced.
Turkcell Iletisim Hizmetleri, the biggest Turkish mobile-phone company, has emerged as the most likely buyer of the Bulgarian incumbent telco BTC, local media reports say.
Denver-based Molson Coors said it will purchase StarBev and its nine breweries in central and eastern Europe, including Bulgaria, as it expands its operations further.
Bulgaria's auction of state-owned construction company Technoexportstroy has failed to draw any bidders, the sale body announced.
Watson Pharmaceuticals, a US generic drugmaker, is in talks to acquire Actavis, which is the biggest producer of medications in Bulgaria.
A working group at the State Commission for Energy and Water Regulation (DKEVR) has come up with a proposal for a 12.73% increase in prices of natural gas and an increase of 7-12.5% in prices of central heating, depending on the heating utility.
Seventeen years after Bulgaria's last failed attempt to revive its automobile industry, the country has pinned new hopes on the launch of mass production of cars under the Chinese Great Wall badge, due on Tuesday.
Bulgaria's parliamentary health commission is about to launch a probe into local pharmaceutical company Sopharma over suspicions of monopoly, its head announced.


