Business

Bulgarian Petrol Business Stands against Unfair Competition

Representatives of the petrol and gas business in Bulgaria took a firm stand against unfair competition at a press conference on Wednesday. The Bulgarian Petroleum and Gas Association (BPGA) called for legislation amendments that would protect the intere

Business | December 15, 2004, Wednesday // 00:00 | Viewed: 1088

Super Borovets Project Goes for Cabinet Approval

The concept draft of the mega resort complex Super Borovets will be deposited for consideration at the Council of Ministers next week after the environment impact report is now ready, the Sofia District Governor Olimpi Kutev said. It will be good for the

Business | December 14, 2004, Tuesday // 00:00 | Viewed: 957

300,000 Expected at Bulgarian Winter Gem

Some 300,000 holidaymakers are expected to spend time this season in Bansko, one of Bulgaria's most prosperous winter resorts. The place is hoping to have its most successful tourism season ever.

Business | December 14, 2004, Tuesday // 00:00 | Viewed: 807

S&P Assigns Bulgaria's Sixth Largest City "BB" Rating

Standard & Poor's Ratings Services assigned its "BB" long-term issuer credit rating to the City of Stara Zagora, Bulgaria's sixth-largest city (foreign currency BBB-/Stable/A-3; local currency BBB/Stable/A-3). The outlook is stable.

Business | December 14, 2004, Tuesday // 00:00 | Viewed: 932

Swelling Prices of Pork, Vegetables in Bulgaria

Pork and vegetables saw the most notable prices increase in Bulgaria last month, by 5% and 9% respectively. November's inflation was 0.

Business | December 14, 2004, Tuesday // 00:00 | Viewed: 690

Nine Bidders Interested in Bulgaria's Arms Plant

Nine companies bought the needed documents for participation in the preliminary stage of the tender for eight TEREM arms repair plants, Bulgaria's Privatisation Agency announced. UK's BAE Systems Avionics Limited, Germany's FR Lurssen Werft (GMBH&Co), Ly

Business | December 13, 2004, Monday // 00:00 | Viewed: 807

AES Talks Bulgaria into Lower Electricity Purchase Price

US-registered energy company AES has negotiated with the Bulgarian government a lower purchase price for the electricity produced at Bulgaria's thermal plant Maritsa Iztok-1, which the company manages.

Business | December 13, 2004, Monday // 00:00 | Viewed: 908

Bulgaria Records BGN 4 B Negative Trade Balance

The import has largely exceeded the export of Bulgaria over the first ten months of this year, recording a negative balance of BGN 4 B for the statistical period January-October. The national export has reached BGN 12.

Business | December 13, 2004, Monday // 00:00 | Viewed: 748

Japan's Mitsui Eyes Bulgaria's Heating Utilities

Japanese corporation Mitsui will take part in the privatisation of Bulgaria's Varna, Bobov Dol and Rousse thermo-electric power plants. The interest of the Japanese corporation was confirmed at a meeting of Bulgaria's Economy Minister Lidia Shuleva and T

Business | December 13, 2004, Monday // 00:00 | Viewed: 914

Deloitte Awarded Financial Architect of Belene Nuke

The National Electricity Transmission Company (NETC) has preferred the consortium Deloitte Central Europe Limited/Norton Rose to award the tender of financial consultant to the Belene nuclear plant. According to the press release of the NETC, the winner

Business | December 13, 2004, Monday // 00:00 | Viewed: 759

Bulgaria Expects Boosted Furniture Exports

Bulgaria is likely to boost its furniture exports to the US, UK and Spain next year, experts were cited as saying. According to press reports, the sector has seen boosted profits, as well as an increased number of people employed in the business.

Business | December 12, 2004, Sunday // 00:00 | Viewed: 920

Posh Bulgarian Resort Ready for Winter Action

Pamporovo, one of Bulgaria's preferred winter resorts, officially opens its winter season on Sunday. The resort will offer its guests renovated ski runs and lifts, as well as facilities suitable for almost all kinds of skiing and snowboarding.

Business | December 12, 2004, Sunday // 00:00 | Viewed: 795

Bulgaria Sees Increased Car Sale Profits

Profits of car and motorcycle sales in Bulgaria have jumped up by almost 23% over January-October 2004, as compared to the same period last year. According to official data, gasoline and lubricant profits have also increased, by some 13 %.

Business | December 11, 2004, Saturday // 00:00 | Viewed: 673

Greek Sidenor Injects Extra EUR 30 M in Bulgaria

Sidenor, a part of the Greek group of companies Viohalco, is planning to boost its investments in Bulgaria by EUR 30 M. The extra money will be used for expanding a plant of the Stomana Industry in the town of Pernik, Investor.

Business | December 11, 2004, Saturday // 00:00 | Viewed: 808

Sofia Sees "Bulgartabac Convalescence Unhealthy"

The tobacco factories that have attracted no interest in the recent bidding tender need some BGN 56 M to recover from their near-bankruptcy state, but such convalescence would not be advisable, according to Economy Minister Lidia Shuleva. These manufactu

Business | December 10, 2004, Friday // 00:00 | Viewed: 1143

Standard&Poor's Assigns "BB" Rating to Bulgaria's Plovdiv

The international investment ratings agency Standard & Poor's has assigned their BB credit rating to Plovdiv, the second largest city in Bulgaria. Plovdiv's outlook is stable.

Business | December 10, 2004, Friday // 00:00 | Viewed: 1211

35% in BTC Telecom Up for Sale

Bulgaria will put up for sale a 35% state-owned stake in the national telecom BTC in exchange of compensatory bills at the Sofia Stock Exchange at the end of January or the first half of February 2005, it was announced on Friday. The government is to ret

Business | December 10, 2004, Friday // 00:00 | Viewed: 959

Bulgarian Prosecution Drops Protesting 3rd GSM License

The Supreme Administrative Prosecution has retracted its protest against the ruling of the state telecommunications watchdog there has been no state support in the awarding of the country's third mobile license to Bulgarian Telecommunications Company (BTC

Business | December 9, 2004, Thursday // 00:00 | Viewed: 741

OTP Acquires Croatia's Nova Banka for EUR 236 M

Hungary's OTP Bank, owner of the largest retail bank in Bulgaria, came out as a winner in the tender for 95.59% of Croatia's Nova Banka with a price offer of EUR 236 M.

Business | December 9, 2004, Thursday // 00:00 | Viewed: 1211

Dutch EUR 2 M Grant Prepares Bulgaria for EU

The Netherlands is to grant to Bulgaria a gratuitous aid of EUR 2 M, the Bulgarian Council of Ministries announced Thursday. The aid is allotted in connection with Bulgaria's upcoming membership in the Netherlands Group of the International Monetary Fund

Business | December 9, 2004, Thursday // 00:00 | Viewed: 725

Bulgarian Business Vows Anti-Corruption Fight

Bulgaria's business elite, domestic and foreign investors gathered at a press conference Thursday to mark together with UN and NGO representatives the International Anti-Corruption Day. It is celebrated worldwide on December 9.

Business | December 9, 2004, Thursday // 00:00 | Viewed: 1008
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