Business

Sony Ericsson Appoint New Balkan Chief

Mobile communications giant Sony Ericsson have appointed a new general manager for the Balkan region, Greece and Cyprus, the company said Monday in a special press release. Pavel Zentrich, who was previously the company's head in Italy, already has a ten

Business | May 9, 2005, Monday // 00:00 | Viewed: 847

Bulgarian PM Opens Int'l Spring Fair

Bulgaria's Prime Minister Simeon Saxe-Coburg gave Monday the official opening of the 25th International Spring Fair in the southern city of Plovdiv.

Business | May 9, 2005, Monday // 00:00 | Viewed: 686

Bulgaria's Tobacco Giant Posts Q1 Loss

Bulgaria's tobacco monopoly Bulgartabac recorded a first-quarter loss of BGN 1.191 M due to the funds funneled in establishing the fund for social aid.

Business | May 8, 2005, Sunday // 00:00 | Viewed: 1087

Bulgaria Launches New N-Plant Contractor Tender

Bulgaria will launch next week an international tender for equipment supplier and construction contractor of a nuclear power plant at the Danube river town of Belene. The conditions and procedures of the tender will be fully in line with Bulgaria's legis

Business | May 7, 2005, Saturday // 00:00 | Viewed: 1558

Piraeus Bank Steps on Serbia's Market after Bulgarian Buy

Greece's Piraeus Bank has offered USD 25 M for 80% of Serbia's Atlas Banka, Greek on-line news provider Reporter.gr reported.

Business | May 7, 2005, Saturday // 00:00 | Viewed: 1076

Bulgaria Plans Reduced VAT upon EU Entry

Bulgaria is likely to enter the European Union, as scheduled in the beginning of 2007, with Value Added Tax (VAT) reduced from 20% to 18% under a bill approved by the Cabinet this week. Under the draft law, the flat rate will drop by two percent as part

Business | May 6, 2005, Friday // 00:00 | Viewed: 826

USD 100 M "Drained" from Iraq Funds

A gap of USD 100 M has been found in accounts apparently prepared improperly by US civilian authorities, BBC informed.

Business | May 5, 2005, Thursday // 00:00 | Viewed: 661

Coffeeheaven Steps On Bulgaria's Market

Coffeeheaven International, which operates coffee and sandwich bars in Central Europe, announced its decision to enter into two new markets - Romania and Bulgaria.

Business | May 5, 2005, Thursday // 00:00 | Viewed: 1262

Competition Watchdog Okays Trakiya Highway Concession

Bulgaria's Commission for the Protection of Competition (CPC) gave green light to the concession of the Trakiya highway, which was granted without a tender to a Portuguese consortium earlier in the year. CPC underlined, however, that no other exceptions

Business | May 5, 2005, Thursday // 00:00 | Viewed: 726

Telco Signs Truce with Bulgarian Cable Operators

Bulgarian Telecommunications Company (BTC) has struck a deal with national cable operators to settle the dispute over the terms and price of usage the telecom's subterranean duct infrastructure. Under the agreement signed on Thursday, cable operators hav

Business | May 5, 2005, Thursday // 00:00 | Viewed: 731

German Firms Seek New Business Horizons in Bulgaria

Eight out of ten German companies operating in Bulgaria expect an increased trade exchange this year, while every sixth of them plan to enlarge their investments here. Members of the German-Bulgarian Economic Chamber conferred Thursday over the potential

Business | May 5, 2005, Thursday // 00:00 | Viewed: 626

Bulgaria Enters EU with Price Discrimination

Bulgarian hotels will not equalize prices for Bulgarains and foreigners even after the country's EU accession, the chairman of the Bulgarian Hotel Management Club Ilian Ivanov announced.

Business | May 5, 2005, Thursday // 00:00 | Viewed: 1051

Sofia Pays EUR 150,000 for Cartoons, Documentaries

Bulgarian state funding for making documentaries and cartoons this year is BGN 300,000 (approximately EUR 150,000), media said Thursday citing the National Filming Center. The money will be shared out among the winning projects in a special contest.

Business | May 5, 2005, Thursday // 00:00 | Viewed: 600

Details about the Trakiya Highway Deal to Surface

Bulgaria's Commission for The Protection of Competition is planning to publish Thursday its motives for okaying a controversial concession deal. Last month, the government signed the contract for granting a 35-year concession for the Trakiya Highway to a

Business | May 5, 2005, Thursday // 00:00 | Viewed: 648

Bulgarian Business Braces for EU Market via Standards Knowledge

The implementation of quality management systems, code systems and industrial property protection in the context of Bulgaria's upcoming accession to the European Union were presented to small and medium-sized enterprises representatives in the town of Vra

Business | May 4, 2005, Wednesday // 00:00 | Viewed: 988

Outcast Bidders Approach Bulgarian Court over Airports Concession

Bulgaria's Administrative Court launched a lawsuit on the award of the 35-year concession of Bulgaria's two main Black Sea airports at Varna and Burgas to Copenhagen Airports of Denmark. The lawsuit was launched after the court was approached by two of o

Business | May 4, 2005, Wednesday // 00:00 | Viewed: 777

Deadline Set for Bulgarian River Shipping Bidding Offers

The binding offers in the tender for the sale of 70% stake package in Bulgarian River Shipping AD, Rousse are to be submitted by May 25, the sale body announced. The final stage of the tender is already under way and all bid will be evaluated by the pric

Business | May 4, 2005, Wednesday // 00:00 | Viewed: 607

Sofia Airport Sees Management Reshuffle

Bulgaria's Transport Minister Nikolay Vassilev has laid off Sofia Airport Executive Director Stoil Pashkunov, the ministry's press office announced. As main reasons for the reshuffle in the airport management the ministry pointed out the expiry of the co

Business | May 4, 2005, Wednesday // 00:00 | Viewed: 3580

Cisco Awards Network Solutions to Bulgarians Firms

Cisco Systems Bulgaria will grant network solution worth a total of BGN 15,000 to winners in an online lot. Participants - small and medium-sized Bulgarian firms - voted in an online inquiry entitled "I Want Great Adaptability for My Business.

Business | May 4, 2005, Wednesday // 00:00 | Viewed: 789

Kuneva: Bulgarian Business Will Feel Comfortable in EU

The Bulgarian business will feel much more comfortable in Europe, the European Minister Meglena Kuneva said at a meeting with the Bulgarian Business Leaders Forum (BBLF) in Sofia. At the Wednesday meeting Kuneva introduced to representatives of leading B

Business | May 4, 2005, Wednesday // 00:00 | Viewed: 667

Bulgaria Awaits 4% Inflation

A state Bulgarian agency has projected an inflation of 3.5-4% over 2006-2008.

Business | May 4, 2005, Wednesday // 00:00 | Viewed: 675
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