Merger between Stomana Industries, a huge factory nearby Sofia and the Greek Sidenor metallurgical plant is about to end. The contract will be signed after the elections.
$380 M loan will be granted for modernization of Units 5 and 6 of Kozlodui Nuclear Power Plant, Ivan Shilyashki, chairman of the Agency for Energy Efficiency, announced. The loan is drawn under credit agreements with Citibank, Rosseximbank and Euraton wit
`By the end of the year all British American Tobacco brands imported for the Bulgarian market will carry labels in Bulgarian language`, BAT Bulgaria General Director Philippe Charles announced today. The health warning labels as well as the tar and nicoti
Bulgaria banned imports of live cattle, beef, animal based feed and products from the Czech Republic, after a second test on a Czech cow proved positive for mad cow disease. Bulgaria imported 152 tones of frozen Czech beef in the first three months of thi
British corporations Rolls Royce and International Water are deeply interested to invest in Bulgarian heat stations. At the moment it is strategic profitable step to invest into energy sector in the country, Austrian EPIC experts said also at an internat
UDF congratulates the courage of King`s coalition to withdraw and replace 16 MP nominees from its tickets disclosed as collaborators with former State Security. Yesterday NMS II took out of its nominee lists two more MP candidates from Stara Zagora.
Privatization`s Agency CEO Levon Hampartsumian will organize a meeting with representatives of world-known tobacco producers to draft the privatisation strategy. British American Tobacco, Philip Morris, Sokotab are among interested in Bulgartabac privatis
For one-week period 500 projects for funding under SAPARD program were submitted to the regional departments of the State Fund “Agriculture”, Ventsislav Varbanov, Minister of Agriculture and Forestry, announced in Pleven today. The first meeting with shor
The deal on the State Insurance Institute (DZI) will be finalized by this week`s end, Privatisation`s Agency CEO Levon Hampartsumyan, said. Consortium between TBI Holding and DZI 2000 MEBO will become owner of 67% of the state insurer.
The US based AremisSoft, a leading software supplier listed at Nasdaq (AREM), USD 525 M market capitalization, are ready to invest additional USD 40 M in the Bulgarian Healthcare system, Vassil Kolev, country manager announced. AremisSoft won a tender at
The contracts with the US investors AES and Entergy on the rehabilitation and construction of new units of TPPs `Maritsa-East` 1 and 3 will be sealed on June 13 in a non-public ceremony, was announced today. In the meantime AES announced that the company
King`s coalition will not name the future ministers before the vote. `I`m not going to shoot in the air as the other politicians do`, HM Simeon II declared.
Japanese Bank for International Cooperation grants another $104 M for the construction of the metropolitan, Sofia Mayor Stephan Sofiyanski said. The loan is under intergovernmental agreement and has a grace period of 10 years, the Mayor elaborated.
Vladimir Sheytanov, Bulgarian lawyer of the six accused medics in Libya, demanded the release of prison of D-r Zdravko Georgiev, one of the detained Bulgarians. There are documents, that D-r Georgiev wasn`t in Libya in December 1998, when according to the
50% more Chinese Tourists in Bulgaria
Potentially Defective Aluminum was used by All Car Manufacturers in Japan