Business

TODAY`S NEWS IN ONE SENTENCE

Queen Nur of Jordan, widow of late King Husein spent 17 hours in Bulgaria, meeting King Simeon II as the first high leveled royal person to congratulate him personally winning the Sunday elections. ***

Business | June 21, 2001, Thursday // 00:00 | Viewed: 470

SPOKESMAN AGAINST LIBYAN CASE LAWYER

Foreign Ministry Spokesman Radko Vlaikov on Wednesday described as `ill-advised` a proposal which defense lawyer Vladimir Sheitanov made at Sunday`s court hearing of the AIDS case in Tripoli, BTA stated. Sheitanov invited 25 HIV-infected Libyan children t

Business | June 21, 2001, Thursday // 00:00 | Viewed: 422

USD 60 AVERAGE MONTHLY INCOME IN BULGARIA

The average per capita income in March was 112.18 levs, Standart daily reported.

Business | June 20, 2001, Wednesday // 00:00 | Viewed: 610

SHERATON SOFIA AND INTERPRED TO BE SOLD BY DAEWOO

Daewoo, South Korean corporation, suffering during the last couple of years deep crisis intends to sell out Sheraton Sofia and World Trade Center `Wall Street Journal Asia` reported. The two buildings and a business center in Poland will be sold out till

Business | June 20, 2001, Wednesday // 00:00 | Viewed: 449

TWO APPEALS AFTER HEMUS AIR SALE

Albanian Airlines, which was not short listed in the bidding on 51% of Hemus Air will attack the Privatization Agency choice of `Pirin Tourist` as an exclusive buyer. It was said by sources from the `KPMG - Bulgaria` and quoted by Sofia`s daily `Standart`

Business | June 20, 2001, Wednesday // 00:00 | Viewed: 430

MICROSOFT SENIOR VP TO MEET PRESIDENT STOYANOV

Jean Philippe Courtois, Microsoft President for EMEA region and Senior Vice President, Microsoft Corp. arrives in Bulgaria Thusrday, June 21.

Business | June 19, 2001, Tuesday // 00:00 | Viewed: 331

PRESIDENT STOYANOV APPEALED FOR COALITION

Bulgarian President Petar Stoyanov congratulated National Movement Simeon II as the absolute winner in the parliamentary elections in a special statement to the nation today. He praised the commitment of the NMS II leaders to continue the track of the eco

Business | June 18, 2001, Monday // 00:00 | Viewed: 451

LIBYAN CASE: DEATH SENTENCES DEMANDED

Libyan Court asked for death penalties for the six Bulgarian medical workers alleged in deliberately infecting 393 children with HIV-virus on the court sitting on Saturday. Vladimir Scheytanov, attorney of Bulgarian defendants pleaded not guilty on the la

Business | June 17, 2001, Sunday // 00:00 | Viewed: 466

MOBILTEL AND IBM IN A STRATEGIC AGREEMENT

MobilTel, the only GSM provider in Bulgaria and IBM signed today a strategic framework agreement for a long-term partnership. The beginning of the future cooperation will be the delivery of IBM servers for e-business, storage subsystem and a management so

Business | June 16, 2001, Saturday // 00:00 | Viewed: 509

INSURANCE POOL FOR NUCLEAR PLANT ESTABLISHED

An agreement on establishing Bulgarian Insurance Nuclear Pool was signed yesterday by the State Agency for Energy and Energy Resources Agency (SAEER) and 11 Bulgarian insurance companies. State Insurance Institute DZI, Allianz Bulgaria Holding AD, Energia

Business | June 15, 2001, Friday // 00:00 | Viewed: 829

JAPANESE BANK TO FUND BULGARIAN DOCTORS

Tokuda CreditExpressbank may grant loans up to $10,000 to Bulgarian GPs (General Physicians), having contracts with the National Health Insurance Fund, was announced today. The loans will be extended for three-years period for the purchase of medical equi

Business | June 15, 2001, Friday // 00:00 | Viewed: 512

LIBYAN TRIAL UNDER WAY

The Libyan court will hear the case of six Bulgarian medical workers alleged in deliberately infected 393 children with HIV-virus on June 16, one day before the General Elections in Bulgaria. The defense attorneys Vladimir Sheitanov and Osman Biznti reque

Business | June 15, 2001, Friday // 00:00 | Viewed: 409

MOBILTEL GIVEN ADDITIONAL FREQUENCIES

MobilTel, the only GSM provider in the country, was given additional frequencies today. This amendment to the license of MobilTel ensures the long expecting expansion of the network of the first GSM operator in Bulgaria.

Business | June 15, 2001, Friday // 00:00 | Viewed: 489

ELECTRICITY PRICES POSSIBLY GO DOWN IN 2004

The reduction of prices from TPPs Maritsa-East 1 and 3 will be implemented in three phases. The contracts with US companies AES and Entergy for new construction and rehabilitation of TPPs Maritsa-East 1 and 3 were signed on June 13.

Business | June 14, 2001, Thursday // 00:00 | Viewed: 518

HEMUS AIR SOLD TO A CYPRUS COMPANY

The Privatization Agency has selected Pirin Tourist as an exclusive buyer of Hemus Air, the only state owned airline company in Bulgaria. Other companies participating in tender as Sofia-based Leasing Company and Albanian Airlines were not short-listed.

Business | June 14, 2001, Thursday // 00:00 | Viewed: 586

NEXT ROUND NEGOTIATIONS FOR MOBIKOM STARTED

QualTrom, US Telecom company started negotiations to purchase 100 % of the old-fashioned NMT system mobile operator Mobikom. 49% of Mobikom is owned by Cable & Wireless, the rest by Bulgarian Telecom BTC and another state company.

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 519

MARITSA EAST DEALS SIGNED FINALLY

The contracts with US companies AES and Entergy for new construction and rehabilitation of TPPs Maritsa-East 1 and 3 were signed today at the Council of Ministers. The deals were approved last week by the cabinet and this raised political torts.

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 540

D & T REQUIRES INTERNATIONAL AUDITING STANDARDS

Bulgaria should introduce international auditing standards to match foreign investors` expectations and to improve investment climate in the country, Peat Huggendorn, board chairman of Deloitte & Touche, said at a regular meeting of the company`s director

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 675

STOMANA TO MERGE WITH GREEK VIOHALCO

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.

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 602

STATISTICS REPORTED 0.1% INFLATION MORE

Bulgaria`s month-to-month inflation rose with 0,1% in May, National Statistical Institute reported. The cumulative inflation rate for the first five months of 2001 stood at 0,9%.

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 515

KOZLODUY NUCLEAR PLANT UPGRADE LAUNCHED

$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

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 515
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