Business Industry Capital
Bulgaria
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BNB Exchange Rates
(11.09.2019) |
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EUR |
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1.95583 |
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GBP |
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2.19018 |
USD |
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1.77159 |
CHF |
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1.78729 |
EUR/USD |
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1.1040* |
ECB exchange rate |
Basic Interest Rate |
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as of 01.09 |
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0 % |
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Financial news |
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According to the preliminary data in July 2019 the Industrial Production Index , seasonally adjusted , rose by 0.8% as compared to June 2019, reported the National Statistical Institute (NSI). In July 2019 the working day adjusted Industrial Production Index fell by 0.9% in comparison with the same month of 2018. In July 2019 as compared to June 2019, the seasonally adjusted Industrial Production Index increased in the mining and quarrying industry by 6.9% and in the electricity, gas, steam and air conditioning supply by 1.4%, while the production went down in the manufacturing by 0.1%. The most significant production decreases in the manufacturing were registered in the repair and installation of machinery and equipment by 12.5%, in the manufacture of textiles by 6.6%, in the manufacture of leather and related products by 5.4%. Major increases were seen in the manufacture of tobacco products by 39.8%, in the other manufacturing by 11.9%, in the manufacture of other transport equipment by 11.2%, in the manufacture of basic pharmaceutical products and pharmaceutical preparations by 7.1%. On annual basis in July 2019 Industrial Production Index calculated from working day adjusted data fell in the electricity, gas, steam and air conditioning supply by 2.4% and in the manufacturing by 1.1%, while the production rose in the mining and quarrying industry by 4.4%.
Bulgaria's construction production increased by 4.3% year-on-year in July, following a 1.7% rise in June, the national statistical office, NSI said, citing preliminary working-day adjusted data. On a seasonally-adjusted monthly comparison basis, construction output increased 1.7% in July after edging up 0.2% the month before, NSI added.
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Companies |
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Mondelez invests over BGN 22 million in a new chocolate candy packaging line at its Svoge-based factory. "The new line is about the size of a football field and can produce up to 6,600 candies per minute, making it the fastest in the world. The capacity of the old line was 3,136 candies per minute," said Anna Marinkova, head of The Mondelez factory in Svoge. The new candy packaging technology makes the packaging 20% lighter and easier to recycle. The project started in 2018, and its realization allows the plant to become a Milka candy production center. Many chocolate products are produced in Svoge. These include Milka chocolates and sweets, Suchard and Seasons sweets, Moreni waffles, Svoge chocolate. A number of local brands are coming from this factory, including Poiana for Romania, Alpen Gold for the Scandinavian countries, one of the Cadbury types for the UK, Lacta and Pavlidis for Greece, Karuna for Poland, Figaro for Slovakia. Mondelize International produces peanut chocolate and caramel, which is available in 27 countries on four continents, only in Svoge. Source: Capital
A new production facility at a glass factory in Plovdiv was opened by Portuguese investors. At the end of January 2017, the Bulgarian Druzhba Glassworks Company changed its ultimate owner after the Portuguese BA Vidro (BA Glass) acquired almost the entire glass bottles and jars business of the Greek Yioula. The investor announced their intentions to expand the glass packaging industry in Bulgaria, as well as to set up its regional office in Bulgaria, during a presidential working meeting with representatives of the Portuguese business during his official visit to Lisbon in January this year. The total investment is expected to reach EUR 300 million in the coming years, with 700 jobs created so far. Druzhba Glassworks AD is a leading manufacturer of glass containers in Bulgaria and the Balkans. Source: Banker
A centre for vocational training called Thrace was opened in the Rakovski Industrial Zone, part of the Thrace Economic Zone. The new facility, whose construction is part of the plan for integrated development of the economic zone, will serve the companies working in the zone. The opening took place in the presence of Deputy Prime Minister Tomislav Donchev and Plovdiv Regional Governor Zdravko Dimitrov. The centre is expected to provide training to more than 600 people annually. It has state-of-the-art equipment and highly qualified trainers. Training will be provided in the area of pneumatics, vacuum technologies, electronics and electrical engineering, electrical engines, industrial controllers, mechatronic systems with medium and high degree of automation, local and remote control of industrial process, among others. An agreement was also signed between the Thrace Economic Zone, the seven municipalities which support the training centre and six vocational schools in the area. Source: BTA
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Bulgarian Industrial Association
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World
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Europe |
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The European Galileo satellite navigation system will reach 1 billion smartphone users worldwide. This coincides with the 15th anniversary of the European Agency for Global Navigation Satellite Systems (GSA), the Commission's main partner in the operation of Galileo. Since December 2016, Galileo has provided so-called 'Start-up services' that have already improved the daily lives of citizens and businesses by providing accurate location, navigation and timing signals. Today, 95% of satellite chip smartphone companies create Galileo-compatible chips. Data for 1 billion users is based on the number of smartphones sold globally using Galileo. The actual number of Galileo users is higher. In Europe, all new model-approved vehicles are equipped with the eCall system that uses Galileo to communicate the location of the vehicle to emergency responders. As of this year, Galileo has been integrated into truck digital tachographs (speed and distance recording devices) to ensure compliance with driving time rules and to improve road safety. Source: Associated Press
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America |
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Fifty state attorneys general, led by Texas, have announced an investigation into Google's "potential monopolistic behavior." The attorneys general are looking into whether the Silicon Valley search giant has gotten too big, and perhaps too effective at stomping out rivals. The investigations will initially focus on the advertising market and whether Google broke the law in achieving dominance in the industry, said Texas Attorney General Ken Paxton, who is leading the probe. "This is a company that dominates all aspects of advertising on the internet, as they dominate the buyer, seller and auction side," Paxton said. He later added: "If advertising costs are higher, advertisers pay more, and ultimately that's passed on to consumers." Attorneys general in 48 states, as well as Washington, D.C., and Puerto Rico, are leading separate investigations. The attorneys general of California and Alabama are not involved in the probe. Google's parent company, Alphabet, has a market value of more than $820 billion and last year reported revenue of $137 billion and income of $31 billion. Google controls so many aspects of the internet that it's hard to imagine surfing the web for long without running into at least one of its services.
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Asia |
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Chinese tech giant Xiaomi will launch a wireless charging alliance to work with cross-sector partners to promote the technology. The alliance aims to promote full coverage of daily life scenarios by wireless charging products, enabling a more convenient mobile life in the 5G era. The smart device maker also unveiled a 30W fast wireless charging device with high power reverse-charging capabilities, which can charge one's 4,000 mAh battery from zero to 50 percent in about 25 minutes and 100 percent in 69 minutes. An even higher-powered 40W Xiaomi high-efficiency wireless flash charging technology is already in the beginning phase of testing, the company said. Xiaomi has stepped up investment in this field in recent years, introducing its first smartphone capable of wireless charging last March. The company's upcoming smartphone Mi9 Pro 5G will support four types of charging, including wired fast charging, wireless flash charging, wired OTG reverse charging and wireless reverse charging. A growing number of Chinese smartphone and smart device makers have become members of the global wireless charging alliance Wireless Power Consortium (WPC) to receive certain certifications.
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Indexes of Stock Exchanges 10.09.2019 |
Dow Jones Industrial |
26 909.43 |
(73.92) |
Nasdaq Composite |
8 084.16 |
(-3.28) |
Commodity exchanges 10.09.2019 |
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Commodity |
Price |
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Light crude ($US/bbl.) | 57.88 |
Heating oil ($US/gal.) | 1.9400 |
Natural gas ($US/mmbtu) | 2.5900 |
Unleaded gas ($US/gal.) | 1.6100 |
Gold ($US/Troy Oz.) | 1 498.40 |
Silver ($US/Troy Oz.) | 18.20 |
Platinum ($US/Troy Oz.) | 939.40 |
Hogs (cents/lb.) | 62.72 |
Live cattle (cents/lb.) | 96.15 |
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Bulgarka Natural Park |
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Bulgarka Natural Park is located on the north slopes of Central
Stara planina mountain, above the towns of Gabrovo and Tryavna.
Its area is characterized with diverse relief and ground forms: real
mountains; river valleys; hills; saddles ridge rakenessnes. Its
central position in Bulgaria and the specific of both relief and
climate have been attracting peoples' attention since ancient
times. The historical datum show that strategically important roads
had run trough these places and have connected North to South,
and the ridge of Stara planina mountain was considered as
natural frontier. This determines the very rich historical heritage of
the region. The specific character of the mountain, the transition
from the high central Balkan, more ductile round forms of Eastern
Stara planina mountain and the related natural landscapes,
diverse flora and fauna, rich cultural heritage were the reasons to
be established Bulgarka Natural park. Park's territory includes the
ridge part of Shipka and Tryavna mountains. From Uzana and
Osenikova polyana areas on west, to protected area "Studen
kladenetz" on east, adjoining north slopes and part of the
corresponding Fore-Balkan. In the ground morphology there are
five different parts: "Shipchensko-Buzludjanska" - this is the part
with the highest average altitude /Karadjova kula peak - 1511m/,
the ridge part of Tryavna's mountain /with highest part Bedek peak
- 1488m/, Studen kladenetz; Konarskoto, the north part of Shipka
mountain; north slope of Gabrovian Fore-Balkan; north slope of
Tryavna mountain and part of Tryavna Fore-Balkan.
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Archive Business Industry Capital |