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Bulgaria was EU's second-placed market in terms of new passenger car registrations in H1 2008, the European Automobile Manufacturers' Association (ACEA) said in an official press release.

Bulgaria's year-on-year growth rate of 20.5% was beaten only by Lithuania's 36.2%.

Slovakia was tucked into third place with 19.3%.

Bulgaria's otherwise solid growth performance was due to only 23,292 unit sales. Only Estonia, Iceland, Lithuania and Latvia registered fewer sales in H1

The volume of the market remains disappointing compared to nations with similar population figures like Hungary and the Czech Republic where 82,943 and 73,455 new cars were sold over the review period.

Across Europe, new passenger car registrations fell 2.0% in the first half of 2008, said ACEA.

The largest European markets responded in different ways, however, with Germany an France continuing on a growth path (+3.6% and 4.5% respectively), contrasting with a sizable decline of the Spanish and Italian markets (-17.6% and -11.5% respectively).

In total, 8,344,177 new cars were registered over the first six months of the year.

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Euromilk Export Import d.o.o.

Oct 10, 2008 00:00 CET | Dairy products | Macedonia

Prilepska Pivarnica AD

Oct 9, 2008 00:00 CET | Beer | Macedonia

KCM AD

Oct 9, 2008 00:00 CET | Non-ferrous Metals | Bulgaria

Javno Komunalno Preduzece Novosadska Toplana

Oct 10, 2008 00:00 CET | Energy/Utilities | Serbia | Free Profile | Empty Profile

Brilliant DOOEL

Oct 9, 2008 00:00 CET | Fats & Oils | Macedonia

Pivara Skopje AD

Oct 8, 2008 00:00 CET | Beer | Macedonia
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An official UK report showed that the British industry is suffering as 540,000 of the migrants who have come from the EU new member states returned to their countries following the global crisis. How a massive reverse migration will affect the SEE?
Oct 8, 2008
The new labour force will push up the local economies
The gross domestic product will slow its growth due to the lower level of money transfers from abroad
The returning experts will lead to unstable social security system and dissatisfaction of population
The reverse migration will raise the level of business culture to the one in the countries in western Europe
The reverse migration will not provoke major changes
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Bulgaria is one of the biggest producers of rose oil in the world...
Bulgaria is one of the biggest producers of rose oil in the world. The reason hidden in the high qualities of the Bulgarian Kazanluk rose, a special type, which was cultivated in the country after many years of production and development. The Bulgarian roses are inheritors of the so called Damascena rose that was brought in the country ages ago. The rose oil is called "the liquid gold" of Bulgaria and used mainly for the making of perfumes, chocolates, liqueur and jam. The rose oil is three times more expensive than the gold. One kilogram rose oil is extracted from 3,000 kg of roses, which means that for one gramme of rose oil more than 1300 rose blossoms should be used! The Valley of Roses (Kazanlak region) is one of the biggest producers of rose oil in the world. The conditions in Kazanlak proved to be more favourable for the cultivation of the rose than those in its own country of origin - Tunisia.
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