Business

KING ALLOWED TO RUN IN JUNE

King`s party was allowed today to run for the forthcoming general elections in June. The State Election Commission decided to publish the decision of the court, announcing the registration of the National Movement Simeon II.

Business | April 20, 2001, Friday // 00:00 | Viewed: 508

FOREIGN TRADE TURNOVER INCREASED BY 15%

The foreign trade turnover of BG will increase by more than 15% in the first months of the year compared to the same period last year, Deputy Minister of Economy Hristo Mihailovski said. The increase of trade will generate rise of production.

Business | April 20, 2001, Friday // 00:00 | Viewed: 539

EBRD TO INCREASE CREDITS TO BG

The EU Bank for Reconstruction and Development intends to increase the financing of projects in BG due to the optimistic forecasts for development of business in the country. `We are hopeful about Bulgaria.

Business | April 20, 2001, Friday // 00:00 | Viewed: 596

TECHNOLOGICAL AID TO BG PARLIAMENT

Yordan Sokolov, Parliament Speaker, and USAID representatives signed a project for renovation of the IT systems used in BG Parliament. Projects have been discussed for building of an automated system for verifying the compliance of new bills with the eff

Business | April 20, 2001, Friday // 00:00 | Viewed: 537

$50 M FOREIGN INVESTMENTS IN TOURISM

According to the report of the Foreign Investments Agency the amount of foreign investments in tourism will exceed $50 M in Y 2001. The report was promulgated yesterday at the forum `Tourism - the Profitable Investments`.

Business | April 20, 2001, Friday // 00:00 | Viewed: 582

BG TO SUPPLY AIRCRAFT TO GEORGIA

BG will provide the Georgian armed forces with 2 aircrafts that can carry up to 200 troops each and will train Georgian officers under a programme for cooperation signed in Tbilisi. During his visit to Tbilisi General Miho Mihov, Chief of the BG General S

Business | April 20, 2001, Friday // 00:00 | Viewed: 500

PARLIAMENT DISOLVED BEFORE ELECTIONS

Bulgarian parliament was desolved today officially, heading the forthcoming elections June 17. The term is 4 years, starting the date of previous elections, Constitutional court stated recently.

Business | April 19, 2001, Thursday // 00:00 | Viewed: 582

RADISSON SAS OPENED IN SOFIA

Radisson SAS Grand Hotel opened in the heart of Sofia by the corporate president and CEO Kurt Ritter and mayor of Sofia Stefan Sofianski. The perfect location of the hotel - in the center of the town makes it a perfect meeting point for the local communit

Business | April 19, 2001, Thursday // 00:00 | Viewed: 512

US AMBASSADOR PUSHES EXPORT

Bulgarian export should increase rapidly, US ambassador to Bulgaria Richard Miles said at the opening of a conference on competitiveness of the Bulgarian economy, organised by the US Agency for International Development. The state usually fails to point o

Business | April 19, 2001, Thursday // 00:00 | Viewed: 534

ITALIAN BANK BIGGEST INVESTOR IN BG

Italian bank UNICREDITO was annnounced today the investor of 2000 in Bulgaria. UNICREDITO aquired largest BG bank Bulbank for the amount of USD 301.

Business | April 19, 2001, Thursday // 00:00 | Viewed: 686

UP TO 50% UNEMPLOYMENT

Very much unemployed young people, strong region differentiation and high percent /around 50%/ of people who are unemployed for more than a year – these are some of the typical employment features in Bulgaria which makes us close with developed countries

Business | April 18, 2001, Wednesday // 00:00 | Viewed: 534

$17 M INVESTED IN OMV BG

OMV Austria intends to acquire a 15% share of the BG oil market. Since 1998, when OMV Ltd.

Business | April 18, 2001, Wednesday // 00:00 | Viewed: 1026

THE LAST IMF TRANCHE TO BG IN MAY

BG will complete successfully the three-year agreement with IMF and will receive the last tranche of $60-70 M in May. There are no obstacles for BG to receive the last tranche, Johannes Wijnholds, IMF executive director for the Dutch Group and Bulgaria sa

Business | April 18, 2001, Wednesday // 00:00 | Viewed: 630

CONSTRUCTION TENDER ON THE SEA COAST

A tender for the construction of a 6-km part of a road between Varna and Burgas on the Black sea coast will be opened soon, regional development ministry sources said. The construction will be funded by one of EU programs.

Business | April 18, 2001, Wednesday // 00:00 | Viewed: 621

121 TAX DEBTORS FORBIDDEN TO LEAVE BG

The State Tax Administration forbade to 121 persons to leave the country for unpaid taxes, authorities reported. They are mainly managers of companies which owe to the state budget amounts exceeding more than DEM 3000 each.

Business | April 18, 2001, Wednesday // 00:00 | Viewed: 489

APPEAL DIVIDED EMPLOYERS IN BULGARIA

An appeal againts the Labour code, issued by the Union of Employers for its members not to sign contracts with employees put a strong dispute with the two other organizations - Bulgarian Industrial Association and Bulgarian Chamber of Commerce. No comment

Business | April 18, 2001, Wednesday // 00:00 | Viewed: 611

BALKAN MIGHT RESTORE SOME FLIGHTS

Bulgarian airlines Balkan may restore flights to London and Dubaj, starting April 30, was announced today. Balkan creditors supported the idea, otherwise the company will be expelled from IATA, sources added.

Business | April 17, 2001, Tuesday // 00:00 | Viewed: 615

KING`S PARTY OPENS OFFICE

National movement Simeon II, which will run for the forthcoming elections and was launched a week ago opened today office at Tsar Shishman Street downtown Sofia. The chief of staff will be Nikolay Matinov, Bulgarian living for the past 27 years in the USA

Business | April 17, 2001, Tuesday // 00:00 | Viewed: 494

BG GOVERNMENT REPORTS TO BUSINESSMEN

Bulgarian government held an open session in Sofia with more than 450 participants in Business Easter discussions. Ministers reported to the business representatives, some of them Bulgarian living abroad, on their activities.

Business | April 17, 2001, Tuesday // 00:00 | Viewed: 556

NETHERLANDS TO GRANT FL 17.8 M TO BG

BG Deputy Prime Minister P. Jotev and Dick Benschop, Dutch State Secretary for Foreign Affairs signed a memorandum of understanding on development of projects between BG and the Netherlands.

Business | April 17, 2001, Tuesday // 00:00 | Viewed: 553

TELECOM STRATEGY ALMOST READY

Strategy for the sale of the Bulgarian Telecom (BTC) is almost ready and will be submitted for approval to the government before general elections June 17, Transport and Telecom Minister A. Slavinski stated.

Business | April 17, 2001, Tuesday // 00:00 | Viewed: 612
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