The local government of the Russian capital city of Moscow intends to invest USD 33mn in the development of a recreational complex on the Bulgarian Black Sea coast this year. The city of Moscow owns the full-stake in the complex, named Kamchia. Last year, authorities in Moscow confirmed their interests to develop and use vacation and recreational facilities in Bulgaria .
|
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more