Business

GENERAL ELECTIONS TO BE HELD JUNE 17

The general election in Bulgaria will take place June 17, 2001, President P. Stoyanov stated on Thursday.

Business | March 30, 2001, Friday // 00:00 | Viewed: 700

EUR 5.4 M FOR SOCIAL PROJECTS

Funds amounting to EUR 5,4 M have been provided for the fulfillment of two social projects in Northwestern Bulgaria. EUR 4 M of the total amount will be invested in the development of the labor market and in the education field on behalf of the Social Min

Business | March 29, 2001, Thursday // 00:00 | Viewed: 530

DEM 10 M FOR MARKET PLACES

The german crediting institution Creditanschtalt fur Wiederaufbau will invest DEM 10 M in the building of market places for producers of fruits and vegetables in the city of Pleven.

Business | March 29, 2001, Thursday // 00:00 | Viewed: 606

RWE REMBRAUND TO INVEST DEM 1 B

By the end of April a Bulgarian-German joint venture will be established to operate Maritsa-East mines. German RWE Rembraund is ready to invest DEM 250 in Maritsa-East mines to rehabilitate the equipment.

Business | March 29, 2001, Thursday // 00:00 | Viewed: 688

GREECE TO GRANT EUR 54.3 M

In April the Greek Parliament will vote for a non-resource loan of EUR 54,3 M to Bulgaria. The funds will be used for the implementation of the recovery plan for the Balkans and in particular for the fulfillment of projects for development of the infrastr

Business | March 29, 2001, Thursday // 00:00 | Viewed: 674

BG AND GREECE WITH JOINT PROJECTS

Bulgarian-Greek investment forum was held in Plovdiv resulting in the cooperation of the Chamber of Commerce and Industry of Seres, Greece and the Plovdiv Chamber in implementing joint projects under the EU INTERREG 3 program. The preliminary agreed proje

Business | March 28, 2001, Wednesday // 00:00 | Viewed: 625

HILTON OPENED IN SOFIA

Five stars Hilton Hotel in Sofia made a soft opening for journalists. Hilton, which is located nearby the National palace of Culture, is ready for its official opening.

Business | March 28, 2001, Wednesday // 00:00 | Viewed: 695

$1 B LOSSES FROM BLACK SEA POLLUTION

Losses from pollution of the Black Sea amount to $1 B. Losses from fishery industry amount to $240 M and the lost revenue from the tourist sector amount to $400 M.

Business | March 28, 2001, Wednesday // 00:00 | Viewed: 682

FISON TO INVEST $10 M IN VARNA SHIPYARD

Swedish Fison Invest AB is ready to invest $10 M in Varna shipyard in the case that it can buy the whole works. The company intends to make long-term investments in the shipyard and to build two cruise ships with capacity of 850 to 1250 passengers.

Business | March 27, 2001, Tuesday // 00:00 | Viewed: 837

$306 000 GRANTED FOR REVENUE AGENCY

$306 000 will be granted for establishing Unified Revenue Agency in Bulgaria. The money has been lent by the Japanese budget as a non-recourse loan and will be administered by the World Bank.

Business | March 27, 2001, Tuesday // 00:00 | Viewed: 833

IMF SKOPIE MEETING POSTPONED

The forthcoming meeting of International Monetary Fund, due to be held in Skopie, Macedonia March 31 was postponed, a letter to Bulgarian finance minister M. Radev says.

Business | March 27, 2001, Tuesday // 00:00 | Viewed: 767

RILA SOLUTIONS IS MS GOLDEN PARTNER

The Bulgarian company Rila Solutions received on Tuesday the official certificate for Microsoft Golden partnership. It is the first MS Golden partner in the region.

Business | March 27, 2001, Tuesday // 00:00 | Viewed: 756

ISRAELI LEVAEV OWNER OF MOBILTEL

Israely businessman Lev levaev became oficially owner of 100% of Mobiltel - the only one GSM operator in Bulgaria on Tuesday. LL Telecommunications Holding owned by Levaev received the shares, but the it will sell soon some 25% to two other Israeli busine

Business | March 27, 2001, Tuesday // 00:00 | Viewed: 819

4% Threshold to Make It to Parliament*

The paries must have at least 4% of the votes to enter the parliament in the forthcoming elections. It is the same requirement as it exist at the moment.

Business | March 27, 2001, Tuesday // 00:00 | Viewed: 688

PRINCESS TO BUILD $3.5 M TRADE CENTER

Turkish company Princess will invest $3,5 M in the building of a trade center in Mladost District in Sofia by March 2001. The center will consist of supermarket and stores for various goods, 3 cinemas, bowling hall, 11 to 12 fast-food restaurants, and ent

Business | March 26, 2001, Monday // 00:00 | Viewed: 685

BALKAN OWNER INVESTIGATED IN ISRAEL

Israeli Gad Zeevi, the majority owner of Balkan Airlines is investigated in Israel for the privatization of the local telecom Bezeq. Balkan was announced insolvent a couple of weeks ago.

Business | March 26, 2001, Monday // 00:00 | Viewed: 721

TWO SENTENCED FOR ILLEGAL SOFTWARE USAGE

First ever trial for illegal software usage in Bulgaria was finilized with a sentence. The regional court in Blagoevgrad sentenced two owners of small company to pay a penalty.

Business | March 26, 2001, Monday // 00:00 | Viewed: 699

TEXACO ACQUIRES PRISTA OIL

Texaco will acquire 50% of Prista Oil by mid-April. Last year the share of the foreign company in Prista Oil was 25%.

Business | March 26, 2001, Monday // 00:00 | Viewed: 1211

50% MORE ORDERS FOR BURGAS SHIPYARD

The Burgas shipyard has gained DEM 1 100 000 from ship repairs since the beginning of Y 2001. This marks 50% increase in comparison with last year`s orders for the same period.

Business | March 26, 2001, Monday // 00:00 | Viewed: 811

AMBASSADOR ASK: 2007 BULGARIA ENTERS EU

I see January 2007 Bulgaria as a full EU member, Swedish Ambassador to Sofia Sten Ask said in a press conference on Monday dedicated to Stockholm summit. Many Swedish companies like Ericsson, Astra Zeneca and Fison Invest express great interest to invest

Business | March 26, 2001, Monday // 00:00 | Viewed: 751

BCC WITH DEM 457 M PROFIT

The net profit of the BG Bank Consolidation Company for Y 2000 is DEM 457 M, Deloitte & Touche reported. The profit will be distributed in the form of dividends at a general meeting on April 6, 2001.

Business | March 25, 2001, Sunday // 00:00 | Viewed: 817
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