Business

Left-Wing to Approach Prosecutor's Office over Bulgaria's Telco Dividend

Left-wing Coalition for Bulgaria will approach the Prosecutor's Office if Deputy Prime Minister and Transport Minister Nikolay Vassilev does not take steps for the absorption of BTC dividend by the state in up to three days, it emerged on Wednesday.

Business | February 25, 2004, Wednesday // 00:00 | Viewed: 879

German Companies Lick Lips for Eastern European Market

The European enlargement will result in a boom of investments by German companies in newly entered member countries, a research carried out by Ernst&Young has shown off. Some 85 % of approached companies expected a follow-up positive effect on the invest

Business | February 25, 2004, Wednesday // 00:00 | Viewed: 874

Spain's Iberostar Expands on Bulgarian Coast

Four hotels are currently under construction at the Bulgarian Black Sea coast as part of the Iberostar international hotel chain, according to information posted on the company's official site on Tuesday. The new hotel facilities will strengthen the Span

Business | February 25, 2004, Wednesday // 00:00 | Viewed: 4371

Japanese Tourists "Seduced" to Holiday Making to Bulgaria

Japanese tourists will be seduced to come and spend their holidays in Bulgaria with two brand new tourist products presented at the International Tourism Expo Holiday 2004, launched on Wednesday in Sofia. The products "Ten Days in Bulgaria" and "The Road

Business | February 25, 2004, Wednesday // 00:00 | Viewed: 1424

Billions of VAT Siphoning Cripple Bulgaria's Budget

More than BGN 2.5 B has been escaped to fill in Bulgaria's treasury for the last five years due to VAT siphoning, Taxation Directorate Chief Nikolay Popov stated on Tuesday.

Business | February 25, 2004, Wednesday // 00:00 | Viewed: 935

Profit Slumps with Bulgarian Tobacco Monopoly Bidder

British American Tobacco, one of the bidders on Bulgaria's tobacco monopoly Bulgartabac, has reported a 71 % profit slump, Bloomberg informed on Tuesday. The net income of world's second-largest cigarette maker dropped to GBP 88 M (USD 166 M) from GBP 30

Business | February 25, 2004, Wednesday // 00:00 | Viewed: 933

Bulgarian Farmers to Enjoy Export Subsidies

Bulgarian farmers will be granted export subsidies for the so-called "sensitive" agricultural products, including poultry, dairy products, lamb meat, fresh and tinned fruit and vegetables, Agriculture Minister Mehmed Dikme stated at the opening ceremony o

Business | February 25, 2004, Wednesday // 00:00 | Viewed: 3091

Gold Mining in Bulgaria to Benefit Canada's Dundee Precious Shareholders

Canada's Dundee Precious Metals Inc. intends to convert itself from an investment company to an operating gold miner in a bid to provide shareholders with advantages that will accrue from the quality of the company's gold mining assets in Bulgaria, the Ca

Business | February 24, 2004, Tuesday // 00:00 | Viewed: 927

Bulgaria's Sale Body Turns into State-Owned Trade Company

The Privatisation Agency, currently a state administration body, will be turned into a trade company, in which the state will hold a 100% stake. This is envisaged by amendments to the Privatisation and Post-Privatisation Control Act, presented by Deputy P

Business | February 24, 2004, Tuesday // 00:00 | Viewed: 756

BBLF, Italian Business Seek to Boost Cooperation

Members of the Bulgarian Business Leaders Forum (BBLF) and representatives of the Italian business discussed future business cooperation and pledged to boost bilateral collaboration. The business representatives met at an official dinner held Monday eveni

Business | February 24, 2004, Tuesday // 00:00 | Viewed: 1147

Bulgaria's Third GSM Licence Holder Known within Month

The State Communications Regulation Commission (SCRC) will come up with a decision on Bulgaria's third mobile operator licence within a month, it emerged on Tuesday. A day earlier the country's sale body, the Privatisation Agency, submitted to SCRC a pro

Business | February 24, 2004, Tuesday // 00:00 | Viewed: 849

The Economist 5th Roundtable Looks into Bulgaria's Performance, Business Gains

Ways to turn Bulgaria's recent positive economic performance into sustainable business gains were on top of the agenda at The Economist Fifth Business Roundtable with the Government of Bulgaria, which opened February 24 at the Sheraton Sofia Hotel Balkan.

Business | February 24, 2004, Tuesday // 00:00 | Viewed: 1124

Bulgaria Presented at Mediterranean Tourism Exhibition

Bulgaria will be presented as a tourism destination at the 10th International Mediterranean tourism exhibition that will take place in Tel Aviv, Bulgarian media reported on Tuesday. Earlier in February it was announced that Bulgaria attracted 21.

Business | February 24, 2004, Tuesday // 00:00 | Viewed: 714

Italy's Air One, Volare Eye Bulgaria Air Sale

Italian companies Air One and Volare have shown considerable interest for the privatization of Bulgaria's national flag carrier Bulgaria Air, it emerged Monday during talks between Transport Minister Nikolay Vassilev and Italy's Adolfo Urso, deputy minist

Business | February 23, 2004, Monday // 00:00 | Viewed: 2691

Unfair Competition Main Obstacle to Bulgarian Business

Unfair competition was the major challenge for Bulgarian business last year, a research over the business climate in the country has revealed. The results of the inquiry, conducted last December by the Economic Analysis and Forecasts Institute and the Bu

Business | February 23, 2004, Monday // 00:00 | Viewed: 746

EU Trade Turnover of Bulgarian Business Hits 60 %

Bulgarian business has achieved a 60 % trade turnover with EU countries, European Affairs Minister Meglena Kuneva said on Monday. It comes to prove that Bulgarian business is already well-acquainted wit EU business and trade standards and stick to the EU

Business | February 23, 2004, Monday // 00:00 | Viewed: 670

Bulgarian, Italian Trade and Industry Forum Kicks Off in Sofia

Italy is the top destination of Bulgarian export in 2003, with 14.3 % share in total exports, Deputy Prime Minister and Economy Minister Lidiya Shuleva announced at the opening of the international forum under the motto "Bulgaria-Italy: Partnership in Ind

Business | February 23, 2004, Monday // 00:00 | Viewed: 1196

Greek Intralot Awarded License to Run Malta's Lottery

Greek Intralot, part of Intracom group, was awarded the exclusive 8-year license to operate all State Lottery games in Malta following an international tender and two years of negotiations. Maltco Lotteries Limited has been established, in which Intralot

Business | February 22, 2004, Sunday // 00:00 | Viewed: 2224

Bulgarian Telecom is "Europe's Laggard-Behind"

Despite its good financial status the Bulgarian Telecommunications Company (BTC) is the laggard-behind of all telecom operators in Europe, Deputy Prime Minister and Transport Minister Nikolay Vassilev told the Bulgarian National Radio on Sunday.

Business | February 22, 2004, Sunday // 00:00 | Viewed: 868

Bulgaria's Real Estate Market Hit 24-28 % Rise in Prices 2003

The average 2003 increase of Bulgarian real estate prices is between 24 % and 28 %, the Real Estates National Association Chairman Orlin Vladikov announced on Saturday. The boosted bank crediting at lower interest rates and the straight-forwarded state f

Business | February 21, 2004, Saturday // 00:00 | Viewed: 1331

Bulgarian Company Eyes Hunting Ammunitions Import from Serbia

Bulgaria's company Emco has contracted an import of ammunitions from an analogue production factory in the Serbian town of Valevo, Serbian news agency Beta informed on Saturday. The factory's director Dragan Filipovitch said that they would supply Bulgar

Business | February 21, 2004, Saturday // 00:00 | Viewed: 1137
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria