Business

Czechs Revive Interest toward Holidays in Bulgaria

Major Czech tour operators project a 2004 increase of 25 % of holidaymakers in Bulgaria, Dnevnik Daily informed on Monday citing data by Czech Alexandria travel agent. Alexandria, which ranks third in sales to Czech tourists, reportedly sold off Bulgaria

Business | March 8, 2004, Monday // 00:00 | Viewed: 699

Bulgaria's Privatization Body Reported 344 Deals over 2003

Bulgaria's Privatization Agency (PA) completed a total of 344 sale deals on majority shares held by state-owned companies over 2003, PA's head Iliya Vassilev announced on Monday. State-held minority shares were sold through 228 deals and another 28 piece

Business | March 8, 2004, Monday // 00:00 | Viewed: 734

Bulgaria Seeks to Become Regional Air Traffic Control Center

The first trial stage of introducing a new system for air traffic control was wrapped up on Monday amid hopes that Bulgaria will turn into a regional centre for air traffic control.

Business | March 8, 2004, Monday // 00:00 | Viewed: 997

Golf Fanatic's Dream Complex Built at Bulgarian Resort

A tourism complex worth EUR 10 M is to be built near the popular Bulgarian Black Sea resort of Primorsko, Mayor Dimitar Dimitrov, cited by Dnevnik daily, said. In the compound, along the Ropotamo River, there will be a golf field stretching over some 800

Business | March 8, 2004, Monday // 00:00 | Viewed: 54835

WB PAL 2 Allocated to Bulgaria in 2004

The Second Programmatic Adjustment Loan (PAL 2) totalling at USD 150 M will be allocated to Bulgaria by the end of 2004. That was made clear at the meeting of Bulgaria's Economy Minister Lidia Shuleva and the World Bank vice president for Europe and Centr

Business | March 7, 2004, Sunday // 00:00 | Viewed: 663

Bulgaria's Roseximbank to Issue Another 13, 800 Debit Cards

Bulgaria's Roseximbank will issue another 13,800 debit cards in order to execute the entire errand of the State Agency for Social Aid. Bank officials announced that the cards will be ready within 10 days.

Business | March 7, 2004, Sunday // 00:00 | Viewed: 847

US Auto Giants Eye Bulgaria's Business

Some of US biggest car producing companies have declared their interest in Bulgaria's business, Bulgaria's Economy Minister Lidia Shuleva said. The Bulgarian economy minister has held talks with the vice presidents of Visteon Corporation and American Axl

Business | March 7, 2004, Sunday // 00:00 | Viewed: 712

Irish Businessmen "Shocked" by Bulgaria's Real Estate Prices

The Irish businessmen who arrived in Bulgaria to examine the real estate market in Bulgaria's Black Sea towns of Burgas, Kiten, Primorsko and Lozenetz have been "shocked" by the high prices, Bulgarian 24 Hours daily reported. They were shocked because th

Business | March 7, 2004, Sunday // 00:00 | Viewed: 1627

Vietnam-Bulgaria Business Forum Kicks Off in Hanoi

Bulgaria's Parliamentary Speaker Ognyan Gerdzhikov opened on Saturday a Bulgarian, Vietnamese business forum in Hanoi. The forum is a part of the official visit of a Bulgarian business delegation to Vietnam.

Business | March 6, 2004, Saturday // 00:00 | Viewed: 752

Irishmen Interested in Bulgarian Black Sea Coast Real Estates

Over 190 Irish businessmen are expected to visit Bulgaria's Black Sea towns of Burgas, Kiten, Primorsko and Lozenetz next week. The foreigners have shown interest in the real estate market in these Bulgarian cities.

Business | March 6, 2004, Saturday // 00:00 | Viewed: 862

Bulgaria Sees "Revival of Luxury Home Market"

The last five years have been marked by a systematic revival of the luxury home market in the capital of Sofia and on the Black Sea Coast, Deyan Kavrakov, CEO of ADIS Real Estate, said in interview for Luxury Home Marketing Magazine.

Business | March 5, 2004, Friday // 00:00 | Viewed: 806

CEDB Signs EUR 20 M Agreement for SMEs Financing

The Council of Europe Development Bank (CEDB) and Raiffeisenbank-Bulgaria signed Friday a EUR 20 M framework agreement for financing small and medium-sized enterprises. The signing ceremony was attended by Finance Minister Milen Velchev.

Business | March 5, 2004, Friday // 00:00 | Viewed: 684

Investments in Bulgaria's High-Tech Sector Exceed USD 1 B

The sale of 65% stake in Bulgaria's dominant telecom BTC increased the foreign investments in Bulgaria's high-tech sector to over USD 1 B for a period of 12 months, Pavel Ezekiev, Foreign Investments Agency Director (AFI) announced Friday.

Business | March 5, 2004, Friday // 00:00 | Viewed: 853

Bulgaria's Telco Buyer Eyes UK Cable&Wireless 49% Stake in Mobikom

Representatives of Vienna-based Viva Ventures, which recently acquired 65% stake in Bulgaria's dominant landline carrier BTC, visited the headquarters of local analogue mobile carrier Mobikom on Thursday in a bid to gather information on the state of the

Business | March 5, 2004, Friday // 00:00 | Viewed: 983

Bulgaria Gives Thumbs Up to Vietnam's WTO Membership

Bulgaria will support Vietnam's membership in the World Trade Organization, Parliamentary Speaker Ognayn Gerdzhikov said during a meeting with his Vietnamese counterpart. The two officials agreed that Bulgaria, Vietnam bilateral cooperation should be imp

Business | March 5, 2004, Friday // 00:00 | Viewed: 760

Viva Ventures "Might Give up BTC Deal" without GSM License

Viva Ventures might give up acquiring a 65% stake in Bulgaria's dominant telecom BTC, if not issued a GSM license, Chief of the state Privatisation Agency Iliya Vassilev said Thursday. Vassilev, together with Economy Minister Lidiya Shuleva, Transport Mi

Business | March 4, 2004, Thursday // 00:00 | Viewed: 1179

Russian Company Seeking Oil, Gas Drilling on Bulgarian Coast

The Russian company Bashkirgeologia, is eyeing oil and gas drilling near the coastal town of Balchik, northeastern Bulgaria, Mayor Krassimir Mihaylov announced.

Business | March 4, 2004, Thursday // 00:00 | Viewed: 650

Recorded Tourism Income 2003 Outreached Expectations

Bulgarian treasury enjoyed a 21 % increase in tourism income for 2003, Economy Ministry announced on Wednesday. The reported flow of USD 1.

Business | March 4, 2004, Thursday // 00:00 | Viewed: 647

Half of US Northorp Radar Production Made in Bulgaria

Up to 50 % of commercial and military vessels traded by the US Northrop Grumman Mission Systems are produced in Bulgaria, the International Sales Director Isaak Kid stated on Wednesday. He had talks with Bulgaria's Deputy Prime Minister and Economy Minis

Business | March 4, 2004, Thursday // 00:00 | Viewed: 1033

Major Cancer Cure Donation Made to Bulgarian Hospitals

The US pharmaceutical giant Bristol Mayers Squibb has made a major donation worth of BGN 356,400 to Bulgarian Health Ministry on Thursday.

Business | March 4, 2004, Thursday // 00:00 | Viewed: 1767

World Bank Forecasts 70% Write-Off of Iraq Debt

Creditors are likely to forgive USD 80 B to USD 90 B of Iraq's USD 120 B debt owed to donor nations. This is the forecast of World Bank President James Wolfensohn who delivered a lecture at Stanford University.

Business | March 4, 2004, Thursday // 00:00 | Viewed: 1162
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