Business

Bulgaria Bans Hotels Construction on Beaches

Building of hotels on the beaches will be banned in compliance with a Bill on the Black Sea coast, said Savin Kovachev, Regional Development Deputy Minister.

Business | March 18, 2004, Thursday // 00:00 | Viewed: 767

Issuing of 3rd Bulgarian GSM License Decided Today

Bulgaria's Communications Regulation Commission (SCRC) is expected to decide today whether to issue a license for a third GSM operator to Viva Ventures. Viva Ventures, recently acquired a 65% stake in Bulgaria's dominant telecom BTC.

Business | March 18, 2004, Thursday // 00:00 | Viewed: 687

Report: Bulgaria and Poland to Top EU Energy Export

In a decade Bulgaria and Poland will be the CEE countries of largest energy exporting potential. A EU report published by Deutsche Welle surveys the energy producing potential and the electricity consumption in the enlarged Union.

Business | March 17, 2004, Wednesday // 00:00 | Viewed: 790

Law Change Urged to Allow Foreigners Buy Bulgarian Land

Bulgaria's Euro-integration minister called Wednesday for Constitutional amendment to allow foreigners buy Bulgarian land. A decision for adopting the Constitutional amendments needed in light of Bulgaria's EU bid could be taken after the end of the nego

Business | March 17, 2004, Wednesday // 00:00 | Viewed: 743

Bulgarian Optic Cable to Run for the Olympics

The first ever private optic cable network in Bulgaria is set to operate till the summer start of the Olympic Games. The first sod for the optic cable that will link Sofia with Blagoevgrad and Kulata was turned Monday by Bulgaria's Regional Development M

Business | March 17, 2004, Wednesday // 00:00 | Viewed: 863

EBRD Allots EUR 50 M for Bulgaria's Energy Sector

The European Bank for Reconstruction and Development (EBRD) allotted a total of EUR 50 M for the development of Bulgaria's energy sector effectiveness. The agreement was signed by EBRD officials and representatives of three Bulgarian banks.

Business | March 16, 2004, Tuesday // 00:00 | Viewed: 701

Bulgarian Court Restores Cosmetics Astera Major Shareholder

The major shareholder at Bulgarian cosmetics company Astera, Krassimir Mitev restored his 50-percent-plus stake upon decision by the Supreme Cassation Court. Mitev was deprived of his 96,000 voting shares by virtue of a general meeting decision in 2000.

Business | March 16, 2004, Tuesday // 00:00 | Viewed: 1473

Bulgarian Companies to Build Hotels in Dallas

Bulgarian companies will construct business offices and hotels in the American city Dallas.

Business | March 16, 2004, Tuesday // 00:00 | Viewed: 633

Sofia Municipal Bank Sale Wrapped up in 2005

Sofia Municipal Bank sale will be completed at the beginning of 2005, Sofia municipal council chairman Vladimir Kisyov announced.

Business | March 16, 2004, Tuesday // 00:00 | Viewed: 573

Bulgarian Coast Welcomes First Summer Tourists

The first group of summer 2003 tourists in Bulgaria landed Monday on the coastal Varna airport. Their tour operator, Germany's Cur Club, is set to fetch more country fellows to the Black Sea in 2004 than previously.

Business | March 15, 2004, Monday // 00:00 | Viewed: 884

EBRD Praises Bulgaria's Progress

A delegation of the European Bank for Reconstruction and Development assessed highly Bulgaria's progress during their meeting with President Parvanov. It was pointed out that Bulgaria is an excellent example of the successful work of the EBRD.

Business | March 15, 2004, Monday // 00:00 | Viewed: 958

Bulgaria Stirs Interest at Berlin's Tourism Expo

Bulgaria has stirred great interest among visitors of the Tourism Expo Berlin 2004, Bulgarian Darik radio reported. Most of the people are interested in the cultural tourism, Ivailo Gyurov, chief executive of Bulgaria's National tourism and advertising a

Business | March 15, 2004, Monday // 00:00 | Viewed: 901

Old Style Hotel Built in Bulgaria's Former Capital

An old-world style hotel rose in Veliko Tarnovo, Bulgaria's former capital and a town of ancient history. The Tsarevets hotel was actually an old house built in 1891, and its restoration cost more than BGN 600,000.

Business | March 14, 2004, Sunday // 00:00 | Viewed: 960

Bulgarian Customs Upbeat about 2004 Income

Bulgaria's customs chief said Saturday that this year's income should reach BGN 3.5 B.

Business | March 13, 2004, Saturday // 00:00 | Viewed: 728

Unit 5 of Bulgaria's N-Plant Switched Off for Repair

Unit 5 of Bulgaria's only nuclear power plant was switched off grid early on Saturday, in order for repair works to be done. The reactor has to be reloaded, and 25 measures of a special modernization program will be implemented.

Business | March 13, 2004, Saturday // 00:00 | Viewed: 687

Bulgaria Ranks Seventh Most Attractive Tourist Destination

Bulgaria ranks among the top seven tourist destinations, according to a survey by the TUI, the biggest European tour operator. The news broke just a day before the Tourism Expo Berlin 2004 kicks off on Saturday.

Business | March 12, 2004, Friday // 00:00 | Viewed: 1207

Bulgaria to Impose 15% Corporative Tax in 2005

Bulgaria will see a decrease of the corporate tax in 2005, Finance Minister Milen Velchev announced in an online chat. The corporate tax will be reduced from 19,5% to 15%.

Business | March 12, 2004, Friday // 00:00 | Viewed: 665

Bulgaria Happy with 2003 Tourism Flow

Bulgarian authorities expressed content with the constantly increasing number of foreign tourists. The country's efforts to become a desired holiday destination have brought more than six million foreign visitors last year.

Business | March 12, 2004, Friday // 00:00 | Viewed: 823

Austria's Nabucco to Construct Pipeline Passing Through Bulgaria

Austria's Nabucco consortium has started searches over the construction of a petrol pipeline passing through Bulgaria. The registaration papers for the forming of Nabucco Company Pipeline Study GmbH have already signed.

Business | March 12, 2004, Friday // 00:00 | Viewed: 1113

Sale of Bulgaria's Tobacco Giant Factories Starts in 3 Months

The procedures for the privatisation of Bulgartabac factories and their restructuring will start in about three months after Bulgaria's tobacco giant signed a contract with sale consultant Morgan Stanley & Co. March 11.

Business | March 11, 2004, Thursday // 00:00 | Viewed: 1360

Report: Bulgaria's Telecom Evaluated at EUR 1 B

Bulgaria's telecom costs at least EUR 1 B, according to a report by Deutsche Bank of London, consultant on BTC privatization deal. It has evaluated the company's 100 percent stake at minimum EUR 476 M and up to EUR 1.

Business | March 11, 2004, Thursday // 00:00 | Viewed: 917
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