Business

TOURISM ASSOCIATIONS TO ISSUE LICENSES

Tourism associations will issue licenses for tourism activity by themselves, Vice PM and Minister of Economy Petar Jotev announced. Decrease in fees and shortening of time for license issuing is anticipated, Minister Jotev said.

Business | June 2, 2001, Saturday // 00:00 | Viewed: 500

SEA RESORTS SELL OUT OPENED

The Privatization Agency (PA) announced the sale`s terms for the 14 hotels in Slanchev Bryag resort (on the Black Sea coast). Open tenders are envisaged for the restaurants and the sports` equipments.

Business | June 2, 2001, Saturday // 00:00 | Viewed: 450

CZECH INVESTOR DEEPLY DISAPPOINTED

`We are deeply disappointed from the privatisation procedure in Bulgaria as Energo Pro was selected exclusive buyer for a water cascade in November 2000, we signed a preliminary contract and then was informed that the deal was cancelled. How can we say to

Business | June 2, 2001, Saturday // 00:00 | Viewed: 555

KING`S PARTY OPPOSES RECENT DEALS

The disputes between the ruling party of UDF and National Movement Simeon II (NMSimeon-II), on the TPP Maritza-East 1 and 3 deals with US companies AES and Entergy, deepened. `Entergy would not sign the contract for TPP Maritza East, after Simeon II move

Business | June 2, 2001, Saturday // 00:00 | Viewed: 598

BULGARIA MAY JOIN NATO IN 2002

Bulgaria has good prospects to become a NATO member next year, US congressman Douglas Beroiter said. He is a leader of a US Congress delegation, visiting Bulgaria to evaluate the progress of the country towards EU and NATO membership.

Business | June 2, 2001, Saturday // 00:00 | Viewed: 509

SAPARD PROJECTS ADMITTED

The admission of projects for financing under the Special Accession Program for Agriculture and Rural Development to the EU (SAPARD) was inaugurated by the Executive Director of the State Agriculture Fund, Stoyan Hristov. Bulgaria is the first country amo

Business | June 2, 2001, Saturday // 00:00 | Viewed: 487

MAJORITY STAKE IN CHIMKO TRANSFERRED

The Vratza City Court ruled the transfer of 71% of the shares of chemical industry company Chimko of the town of Vratza to the Cyprus AVST Trading Ltd. from the current owner ABI Trans of New York.

Business | June 1, 2001, Friday // 00:00 | Viewed: 487

CATTLE IMPORTS PERMITTED

The imports of cloven-footed animals were re-introduced, the Ministry of Agriculture and Forestry said. Imports from Spain, Belgium, Denmark, Switzerland, Sweden, Austria, Greece, Finland and Norway were banned due to the foot-and-mouth disease.

Business | June 1, 2001, Friday // 00:00 | Viewed: 551

VISA AGREEMENT WITH RUSSIA DRAFTED

Russian citizens will be issued visas only against an invitation, Cabinet decided. Cabinet drafted the visa agreement between Bulgaria and Russia.

Business | June 1, 2001, Friday // 00:00 | Viewed: 577

PRICES UNDER ENERGY DEALS FIXED

Cabinet fixed buying prices for the electricity generated by Maritza Iztok (Maritza East) units one and three, for which it approved finalisation of the deals with the US American Electricity Systems (AES) and Entergy. Initially the National Electricity C

Business | June 1, 2001, Friday // 00:00 | Viewed: 572

USD APPRECIATES AGAINST BGN

The US dollar appreciated against the Bulgarian lev (BGN) in the domestic market reaching selling quotations of BGN 2.31 for $1.

Business | June 1, 2001, Friday // 00:00 | Viewed: 595

MS OFFICE XP ALREADY IN BULGARIA

Microsoft Bulgaria today launched the Microsoft Office XP in Bulgaria gathering over 80 journalists on the St. George terrace at the Sheraton Sofia to witness the symbolic assembling of the Microsoft Office puzzle of all the previous versions of Office pr

Business | May 31, 2001, Thursday // 00:00 | Viewed: 550

SALE OF MARITZA IZTOK LAUNCHED

Cabinet opened the procedure for signing of the contracts with the US companies American Electricity Systems (AES) and Entergy for new construction and rehabilitation of the coal mining and energy generating facilities Maritza Iztok (Maritza East) units o

Business | May 31, 2001, Thursday // 00:00 | Viewed: 544

TALKS FOR MOBICOM MAY FAIL

The negotiations for the stake of Cable and Wireless in Mobicom by the Bulgarian Telecommunications Company (BTC) might fail, insiders said. Cable and Wireless holds 49% in Mobicom.

Business | May 31, 2001, Thursday // 00:00 | Viewed: 613

GLOBUL TO BECOME OPERATIVE IN JULY

Kosmo Bulgaria Mobile, the second GSM operator in Bulgaria, will launch its net by the end of July. The company registered the trade mark Globul after winning last December the tender for the second GSM operator for Bulgarian levs (BGN) 135 M.

Business | May 31, 2001, Thursday // 00:00 | Viewed: 490

FOREIGN COMPANIES CUT REINVESTMENT

Companies with foreign participation have drastically cut the reinvested profit for the first quarter of 2001 to barely $4.6 M, Bulgarian National Bank (BNB), said.

Business | May 31, 2001, Thursday // 00:00 | Viewed: 585

BUSINESS CLIMATE POLL RESULTS OPTIMISTIC

Business climate expectations for the industrial sector in Bulgaria are more optimistic for May compared month-on-month, a survey of the National Statistics Institute (NSI) shows. Poll conducted among Bulgarian entrepreneurs identifies as their major prob

Business | May 31, 2001, Thursday // 00:00 | Viewed: 494

PM AUTHORISES MAJOR ENERGY DEALS

PM Ivan Kostov signed the permission for finalisation of the contracts with US companies AES and Entergy for new construction and rehabilitation of Maritza Iztok I and II coal mining and electricity generating units. Cabinet approval was needed for closin

Business | May 30, 2001, Wednesday // 00:00 | Viewed: 596

BULGARIA ISSUES VISAS WITH PHOTO

Bulgaria initiated issuing visas for foreigners with a photo, Ministry of Foreign Affairs said. Visas will be issued at the new Visa Centre, which was opened at the ministry.

Business | May 30, 2001, Wednesday // 00:00 | Viewed: 470

BALKAN AIRLINES FLIES TO TEL AVIV

National air carrier Balkan airlines started servicing the destination from Sofia to Tel Aviv. Flights are scheduled Wednesday and Sunday.

Business | May 30, 2001, Wednesday // 00:00 | Viewed: 520

BULGARIAN LOTTO REVIVED

The State Lotto is revived after a year`s suspension. The game was very popular in this country and was solid source of revenues for the national purse.

Business | May 30, 2001, Wednesday // 00:00 | Viewed: 637
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