Business

Bulgaria's Power Utilities Sale Nears Wrap-up

All five bidders for Bulgaria's electricity distribution companies have been sent final documents for the privatization of 67% stakes in a step that moves the sales closer to the final stretch.

Business | May 27, 2004, Thursday // 00:00 | Viewed: 709

Bulgaria Seeks Power from Wind and Sun

A special fund is likely to be established for financing projects of building wind and sun power plants. The fund establishment will be assisted by the European Bank for Reconstruction and Development (EBRD) and several other international financial inst

Business | May 27, 2004, Thursday // 00:00 | Viewed: 721

Info Security Credits for Bulgarian Bank

The deputy manager of the Bulgarian Central Bank received Wednesday a special certificate for information security system. The document was issued by the Moody International certification body, to the Bank's Security and Classified Information Protection

Business | May 27, 2004, Thursday // 00:00 | Viewed: 659

European Klondike in Bulgaria's Rhodopes

The Eastern Rhodopes are the European Klondike with its gold mining deposits. Canadian gold miner Dundee Precious Metals has allotted USD 45 M for investments in the gold beds nearby the town of Krumovrgad.

Business | May 27, 2004, Thursday // 00:00 | Viewed: 918

Italy's Enel Eyes Expansion on Bulgarian Market

Italy's largest electricity provider ENEL is set to extend its market presence in Bulgaria. According to the managing director Paolo Scaroni, currently the company sees pretty good opportunity for that due to the ongoing liberalization of Bulgarian marke

Business | May 26, 2004, Wednesday // 00:00 | Viewed: 728

New Economic Mapping of Bulgaria

Bulgaria's map has been redrafted into six new economic regions to be approved on Thursday by the Cabinet. Sofia, Plovdiv, Varna, Burgas, Rousse and Vidin will be the centers of the economic planning regions, including north western, north central, north

Business | May 26, 2004, Wednesday // 00:00 | Viewed: 771

Bulgaria's MobilTel Changes Ownership

Bulgaria's largest mobile phone company Mobiltel was sold for EUR 1.2 B.

Business | May 26, 2004, Wednesday // 00:00 | Viewed: 2236

Survey: SMEs Confident in Enlarged EU Market

Small and mid-sized companies (SMEs) in Central Europe are confident they can cope with the competitive pressures of the enlarged EU marketplace, according to a survey of 147 senior Central European executives, but they face significant challenges.

Business | May 26, 2004, Wednesday // 00:00 | Viewed: 675

US Explores Bulgarian Tourism

American tour operators are in Bulgaria to explore spa, rural and eco tourism opportunities.

Business | May 26, 2004, Wednesday // 00:00 | Viewed: 854

Bulgaria Air Hires More Boeings

Flag carrier Bulgaria Air signed a one-year lease contract with Germany's Deutsche Structure Finance GmbH for another pair of Boeing 737-300. Both airliners are manufactured in 1997.

Business | May 26, 2004, Wednesday // 00:00 | Viewed: 804

Galata Drilled Gas Lands on June Market

The first sales of gas drilled at the Galata site will be on the market in June.

Business | May 25, 2004, Tuesday // 00:00 | Viewed: 693

Luxury Taxis to Run in Sofia

A taxi company in Bulgarian capital Sofia launches a new high-class service, mainly for foreign guests. New KIA Magentis cars will be offered to the choosiest clients.

Business | May 25, 2004, Tuesday // 00:00 | Viewed: 866

Russian Power Monopoly Seeks Bulgarian Facilities

Russia's power monopoly Unified Energy System (UES) is keen on acquiring power facilities in Eastern Europe, including Poland, Romania, Bulgaria and Slovakia. At the end of September last year the company's Board of Directors has greenlighted its partici

Business | May 25, 2004, Tuesday // 00:00 | Viewed: 1039

Telekom Austria Confirms Interest in Bulgarian MobilTel

Telekom Austria AG has confirmed its interest in resuming talks for the acquisition of a majority stake in Bulgarian mobile operator MobilTel. Vienna-based Telekom Austria expects MobilTel owners to put up for sale a majority stake after the sale of the

Business | May 25, 2004, Tuesday // 00:00 | Viewed: 666

Panel Flats Go Cheaper in Bulgaria

Prices of panel flats in Bulgaria have started to drop, after months of rapid increase. According to observers, prices have reached their peak, and would surely go down from now on.

Business | May 25, 2004, Tuesday // 00:00 | Viewed: 828

Globul Program Downs Company Expenditures

A new program of Bulgaria's mobile operator Globul targets corporate clients and offers to reduce monthly expenditures for mobile communication to 30%, the company announced.

Business | May 25, 2004, Tuesday // 00:00 | Viewed: 1099

Bulgaria Skeptic about Fuel Hikes

Bulgaria's deputy foreign minister said that fuel prices in the country were unlikely to increase soon. Lyubomir Datsov suggested that the rapid increase of petrol prices would soon abate.

Business | May 24, 2004, Monday // 00:00 | Viewed: 596

Bulgaria's Foreign Debt on the Rise

Bulgaria's foreign debt has jumped up by 620 million euros over January - March, the Central Bank said. Thus the figure stood at almost 11 billion two months ago.

Business | May 24, 2004, Monday // 00:00 | Viewed: 715

Expert: Petrol Hikes May Kindle Inflation in Bulgaria

Constantly increasing petrol prices may cause inflation in Bulgaria to flare up, a financial expert said. According to Alexander Nikolov, petrol price could soon hit 46 dollars per barrel.

Business | May 23, 2004, Sunday // 00:00 | Viewed: 715

Bulgarian Farmers Supported under SAPARD

The investment cost of 19 newly approved projects on the EU program SAPARD is estimated at over BGN 1 M. According to the executive director of the Bulgarian State Fund "Agriculture" Asen Drumev, the approved projects are in the sphere of wine and diary

Business | May 22, 2004, Saturday // 00:00 | Viewed: 1219

Bulgaria Back to Ukrainian Market

A two-day exhibition has started today in Kiev, under the motto "Bulgaria Back to Ukraine".

Business | May 22, 2004, Saturday // 00:00 | Viewed: 1716
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