Business

Drugs Crisis Reaching Deadend

Bulgaria's leading drug dealer group has deepened the row over outstanding hospital debts going so far as to ask for the resignation of Health Minister. The trade league National Drug Centre has threatened hospitals and medical centers of cutting off dru

Business | June 3, 2004, Thursday // 00:00 | Viewed: 701

Bulgaria Appoints New Privatisation Agency Chief

Bulgaria's Cabinet approved Atanas Bangachev as the new executive director of the Privatisation Agency. In the beginning of April Iliya Vassilev, former chief of the Bulgarian Privatization Agency resigned citing personal reasons.

Business | June 3, 2004, Thursday // 00:00 | Viewed: 663

Business Center Revives Ancient Sofia Spirit

State-of-the-art Platinum Business Center opened doors in the center of Sofia on Thursday. The unique business centre consists of two totally renovated buildings dated 1912 and a newly built one on a total of 10,000 sq m built-up area.

Business | June 3, 2004, Thursday // 00:00 | Viewed: 2248

Bulgaria Affected by Petrol Prices Boom

Rise of world petrol prises will affect Bulgaria's economy as it consumes more petrol than it produces.

Business | June 3, 2004, Thursday // 00:00 | Viewed: 705

No Speed Up of Bulgaria's Foreign Debt Pay Off

Bulgaria will not speed up pay-off of its foreign debt. Finance Minister Milen Velchev explained that there is no point in keeping the money at a low interest rate and paying much higher interests on foreign debts when privatisation revenues are increasi

Business | June 3, 2004, Thursday // 00:00 | Viewed: 603

Britain's Air Traffic System Down

Britain's computer-controlled air traffic system is down, according to British Airways. Several airports have reportedly suspended all domestic and international take-offs.

Business | June 3, 2004, Thursday // 00:00 | Viewed: 564

Bulgaria Braces for Health Tourism Boost

Health tourism will seek for a special government strategy of development in all of its types, including spa, wellness and illness. Tour operators have unified efforts to draft a memorandum project for that purpose in response to the increased interest t

Business | June 2, 2004, Wednesday // 00:00 | Viewed: 1059

Sony Ericsson Displays Phone-Taken Pics

Sony Ericsson Mobile Communications hosted an exhibition of photographs taken via mobile phones as they presented their mobile imaging concept at the National Arts Gallery in Sofia.

Business | June 2, 2004, Wednesday // 00:00 | Viewed: 2824

Bulgarian Airports Traffic Soars

Traffic of passengers at Bulgaria's airports has surged since the beginning of the year thanks to the influx of tourists.

Business | June 2, 2004, Wednesday // 00:00 | Viewed: 1127

Bulgaria Ranks Favorite Investment Destination

Bulgaria is among the mostly alluring destinations for foreign investments. The country has ranked at the prestigious eighth place among the European countries, according to EU research data cited by Deputy Prime Minister and Economy Minister Lidya Shule

Business | June 1, 2004, Tuesday // 00:00 | Viewed: 2742

Sofia Extends Deadline for Power Utilities Final Bids

Bulgaria's Privatization Agency extended by July 9 the deadline for submitting final applications for the privatisation of 67 percent stake in Bulgaria's power utilities by July 9. The investors that will take part in the privatisation asked for the exte

Business | June 1, 2004, Tuesday // 00:00 | Viewed: 836

More EU Tourists Coming to Bulgaria

The number of tourists from the European Union (EU) coming to Bulgaria went up by 48,2% over the first four months of the year. A total of 868, 791 foreign tourists have visited Bulgaria during that period, data from the World Tourism Organization shows.

Business | June 1, 2004, Tuesday // 00:00 | Viewed: 1962

Bulgaria's Tobacco Giant Sale Goes "On Schedule"

The privatization process of Bulgaria's tobacco giant Bulgartabac goes according to the schedule. Bulgaria's Economy Minister Lidia Shuleva explained that the sale's consultants will present their studies and recommendations by the end of July and the pr

Business | June 1, 2004, Tuesday // 00:00 | Viewed: 2224

EIB Pays Extra Cash for Bulgarian Bridge

The European Investment Bank signed a contract for allotting an extra two million euros for the construction of a Bulgaria-Romania bridge. The facility will be the second one near the Danube town of Vidin.

Business | June 1, 2004, Tuesday // 00:00 | Viewed: 2148

Bulgaria Sees FDI Inflow Rise

Foreign direct investments in Bulgaria for the first quarter of 2004 totaled EUR 294.1 M, up by 13 % over the same period last year.

Business | June 1, 2004, Tuesday // 00:00 | Viewed: 736

Extra Money for Bulgaria-Romania Bridge

The European Investment Bank will allot an extra 20 million euros for the construction of a second bridge between Bulgaria and Romania. The facility will be built near the Danube town of Vidin.

Business | May 31, 2004, Monday // 00:00 | Viewed: 1379

Thailand Tastes Bulgarain Juices, Wine

Bulgaria braces up for exporting juices, wine and cosmetics for Thailand. Local juice-producing company BBB has obtained a certificate necessary for exporting to the Asian country.

Business | May 31, 2004, Monday // 00:00 | Viewed: 915

Blocked Aroma Shares on Bulgaria's Stock Exchange

Shares of cosmetics producer Aroma, blocked by a court injunction over a legal debate of their ownership, have been traded on the Bulgarian Stock exchange over the last week, according to media reports.

Business | May 31, 2004, Monday // 00:00 | Viewed: 823

British Sun, Ski Seekers Boost Air Traffic to Bulgaria

Balkan Holidays tour operator is introducing a flight from UK's Humberside Airport to Plovdiv from this December. The move comes in reply to the British airport's boost with the addition of a new ski destination in Bulgaria, including the ski resorts of

Business | May 31, 2004, Monday // 00:00 | Viewed: 929

Bulgarian PM Becomes Business Leaders Associate

The Bulgarian Business Leaders Forum (BBLF) welcomed the prime minister as an honorary member for life. The decision was announced by BBLF Chairman Maxim Behar at a special business lunch on Monday.

Business | May 31, 2004, Monday // 00:00 | Viewed: 652

Tilling Land Catches up with Residence Real Estates

Bulgarian market of tilling land will catch up with the residence real estates till the country's accession to the EU. According to real estate experts, the price of tilling land in Bulgaria currently five to ten times cheaper than in the EU will equaliz

Business | May 31, 2004, Monday // 00:00 | Viewed: 770
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