Business

Renault Importer Plans to Double Sales in Bulgaria in 2004 y/y

ProMobile, official importer of Renault and Dacia for Bulgaria, expects to double its sales in 2004 as compared to the previous year, representatives of the company announced at a press conference on Monday. The projections are part of the company's ambit

Business | February 2, 2004, Monday // 00:00 | Viewed: 897

Russia Declared Interest in Bulgaria's IT and Tourism Privatization

Russia's Trade and Industry Chamber (TIC) is interested in intensifying the trade relations with Bulgaria, including larger distribution of Bulgarian goods on the Russian market, Evgenii Primakov, President of TIC stated after meeting with Bulgarian Deput

Business | February 2, 2004, Monday // 00:00 | Viewed: 698

Italy's Software Producer DeltaDator Stepped on Bulgarian Market

Italy's manufacturer and specialized software integrator DeltaDator has rendered exclusive rights to its Bulgarian analogue Bianor for distribution, integration and maintenance of all its products for Bulgaria, the company announced. The new joint ventur

Business | February 2, 2004, Monday // 00:00 | Viewed: 695

Russia Concerned Over Bulgaria's Decline to RAO Energy Tender Offer

Russian Finance Minister Alexey Kudrin has expressed his concern over the declined tender of Russia's RAO to the tender for 67 % stakes in seven electricity distribution companies in Bulgaria, turned down in mid January 2004 for failure to comply with the

Business | February 2, 2004, Monday // 00:00 | Viewed: 777

Russia Set to Pay Off USD 14.5 M of Its Debt to Bulgaria

Russia is ready to repay its outstanding debt to Bulgaria paying it off till end of 2004, Deputy Prime Minister and Financial Minister of the Russian Federation Alexey Kudrin said after meeting with Bulgarian Deputy Prime Minister and Economy Minister Lid

Business | February 2, 2004, Monday // 00:00 | Viewed: 622

Report: Bulgarian Business Stumbles Over International Accounting Standards

The implementation and training are the key problems facing the Bulgarian business, while striving to implement the International Accounting Standards (IAS), a study of the consultancy KPMG has revealed. The study has covered 156 respondents, 21% of whic

Business | February 2, 2004, Monday // 00:00 | Viewed: 675

Report: Bulgaria May Introduce the Euro in 2010

Bulgaria may be one of the new EU member countries to join the euro zone about 2010. Bulgaria has all chances to become a full-fledged member of the European Union (EU) in 2007, the economic analyst department of Bank Austria Creditanstalt (BA-CA) conclud

Business | February 2, 2004, Monday // 00:00 | Viewed: 1043

Turkey's Opet Aygaz to Build 60 Gas Stations in Bulgaria

Turkish fuel distribution company Opet Aygaz, owned by the Koc Holding consortium, will build a network of 60 gas stations across Bulgaria over the next three years, Bulgarian Dnevnik daily wrote. The project will be fulfilled with the help of a GDP 32

Business | February 1, 2004, Sunday // 00:00 | Viewed: 1058

Transport Minister: Bulgaria's Telecom Needs Staff Cut-Down

The number of employees really needed at Bulgaria's Telecommunications Company BTC is much smaller than that at the moment, Transport Minister Nikolay Vassilev told the National Radio on Sunday. Vassilev explained that whoever buys the BTC wouldn't cut d

Business | February 1, 2004, Sunday // 00:00 | Viewed: 763

Car Sales in Bulgaria to Drop by "No More than 10%"

The number of cars sold in Bulgaria will drop by no more than 10%, Chairman of the Bulgarian Association of Car Importers Stefan Hadzhinikolov said Saturday. He was approached for comment by local Darik radio after earlier this week Parliament decided to

Business | January 31, 2004, Saturday // 00:00 | Viewed: 823

SAPARD Funding for Bulgaria's Agriculture Boosted

A larger part of the funds allotted to Bulgaria upon the SAPARD program will be allotted for agriculture, Director of the state Agriculture Fund Asen Drumev told local Darik radio on Saturday. By the end of 2003, money allotted to those who process agric

Business | January 31, 2004, Saturday // 00:00 | Viewed: 1383

Bulgarian New-Car Buyers May See Tax Relief

The Bulgarian government should introduce tax relief for those who purchase a new car instead of a second-hand one, Environment Minister Dolores Arsenova said. In this way, the number of vehicles that are not environment-friendly would decrease.

Business | January 31, 2004, Saturday // 00:00 | Viewed: 706

UK's Petreco Waits for Natural Gas Drilling in Bulgaria

The British company Petreco is going to launch drilling operations in the natural gas deposit near the Galata cape on the Black Sea coast, Energy Ministry official said on Friday.

Business | January 30, 2004, Friday // 00:00 | Viewed: 1568

Bulgaria, Turkey Launch Joint Ventures on Military Equipment

Bulgarian and Turkish military arsenal producing companies will cooperate in the manufacture of military equipment for the peacekeeping units, maintained by the two countries, Bulgaria's Army Chief General Nikola Kolev said on Friday, the first day of his

Business | January 30, 2004, Friday // 00:00 | Viewed: 710

Bulgaria Sells Telecom BTC to Viva Ventures

The Privatisation agency, Bulgaria's sale body, has invited top bidder Viva Ventures to sign the contract for the sale of 65% stake in Bulgaria's dominant telecom carrier, the Bulgarian Telecommunications Company (BTC), by February 20, it emerged January

Business | January 30, 2004, Friday // 00:00 | Viewed: 1534

Bulgaria Voices Ambitions for Ecotourism Heyday

Bulgarian officials as well as members of non-governmental organizations and company managers from the tourism business presented Friday the country's new National Ecotourism Strategy and Action Plan for future development in this sector. The draft was i

Business | January 30, 2004, Friday // 00:00 | Viewed: 1142

Koc Holding Company to Build Petrol Stations in Bulgaria

Opet/Aigas Bulgaria will receive a EUR 32 M credit from the EBRD to construct a total of 60 petrol stations in Bulgaria. The news was broken after representatives of the two institutions signed the contract on Friday.

Business | January 30, 2004, Friday // 00:00 | Viewed: 805

LUKoil to Supply US Gas Stations from Bulgarian Refinery

The Russian oil giant LUKoil considers to include its Bulgarian refinery in Burgas in the planned supply network for US gas stations, LUKoil vice president Leonid Fedun said, cited by Russian media. The US gasoline network owned by LUKoil has continuousl

Business | January 29, 2004, Thursday // 00:00 | Viewed: 1606

Iberostar Chain Opens Four New Lux Hotels in Bulgaria

Iberostar Hotels & Resorts is going to start construction works over four new hotels in Bulgaria, in July 2004, as part of an ambitious global launch of 13 new hotel construction sites, Europa Press informed on Thursday. The luxury Spanish chain has so f

Business | January 29, 2004, Thursday // 00:00 | Viewed: 1520

Korea's KT&G Bids For Bulgarian Bulgartabac

KT&G (Korea Tobacco & Ginseng Corp.) eyes the privatization contest of Bulgaria's tobacco monopoly Bulgartabac Holding, Transport Ministry officials announced on Thursday.

Business | January 29, 2004, Thursday // 00:00 | Viewed: 1080

Bulgaria's Map Redrafted Into Six Planning Regions

Six planning regions will be introduced onto Bulgaria's map, according to the new Regional Development Bill, passed Thursday at first reading in Bulgarian Parliament. Its centers are yet due to be decided by the Cabinet.

Business | January 29, 2004, Thursday // 00:00 | Viewed: 910
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