Top household retailer plans expansion in Bulgaria
Romania's biggest household appliances retailer Altex plans to invest 40 million Euro’s in its expansion to Bulgaria . Altex has looked to expand south of the Danube since 2005, but had to shelve its plans and consolidate its market share domestically. However Altex have forecast that Bulgaria's household goods market would grow by 50 per [...]
Bulgaria welcomes former French President
Valéry Giscard d'Estaing, the former president of the French Republic and former president of the Convention on the Future of Europe, will visit Bulgaria between May 26th and 29th. This is a very important event for Bulgarian-French relations as President Giscard d'Estaing is a very important figure in the life of France being heavily involved [...]
Turkey on its way to being a global automotive hub
Turkey is growing as an export base for automotive manufacturers and auto-related sub-industries because of its strategic market location, industry incentives, low cost, abundance of skilled labour, customs union with the EU and high technology and knowledge. Turkey has successfully transformed itself into a highly competitive economy, attracting a sizeable portion of foreign investment in [...]
Turkey and Switzerland to end double taxation
Turkey’s Ministry of Finance has confirmed that both Turkey and Switzerland have signed an agreement on the avoidance of double taxation. Ending double taxation will make the two countries more attractive for businessmen and increase economic and commercial relations. It will also enable Turkish and Swiss officials to exchange information for a more effective struggle [...]
Turkey's energy privatization to speed up
Turkey's Energy Ministry plans to boost investments to increase capacity in the energy sector by 150 percent before 2020. To reach this goal, Turkey needs to speed up the privatization process The privatization of energy production should not be delayed until the privatization of energy distribution grids, the Turkish Industrialists' and Businessmen's Association said in [...]