Business

GREECE TO GRANT EUR 54.3 M

In April the Greek Parliament will vote for a non-resource loan of EUR 54,3 M to Bulgaria. The funds will be used for the implementation of the recovery plan for the Balkans and in particular for the fulfillment of projects for development of the infrastr

Business | March 29, 2001, Thursday // 00:00 | Viewed: 801

BG AND GREECE WITH JOINT PROJECTS

Bulgarian-Greek investment forum was held in Plovdiv resulting in the cooperation of the Chamber of Commerce and Industry of Seres, Greece and the Plovdiv Chamber in implementing joint projects under the EU INTERREG 3 program. The preliminary agreed proje

Business | March 28, 2001, Wednesday // 00:00 | Viewed: 753

HILTON OPENED IN SOFIA

Five stars Hilton Hotel in Sofia made a soft opening for journalists. Hilton, which is located nearby the National palace of Culture, is ready for its official opening.

Business | March 28, 2001, Wednesday // 00:00 | Viewed: 822

$1 B LOSSES FROM BLACK SEA POLLUTION

Losses from pollution of the Black Sea amount to $1 B. Losses from fishery industry amount to $240 M and the lost revenue from the tourist sector amount to $400 M.

Business | March 28, 2001, Wednesday // 00:00 | Viewed: 804

FISON TO INVEST $10 M IN VARNA SHIPYARD

Swedish Fison Invest AB is ready to invest $10 M in Varna shipyard in the case that it can buy the whole works. The company intends to make long-term investments in the shipyard and to build two cruise ships with capacity of 850 to 1250 passengers.

Business | March 27, 2001, Tuesday // 00:00 | Viewed: 968

$306 000 GRANTED FOR REVENUE AGENCY

$306 000 will be granted for establishing Unified Revenue Agency in Bulgaria. The money has been lent by the Japanese budget as a non-recourse loan and will be administered by the World Bank.

Business | March 27, 2001, Tuesday // 00:00 | Viewed: 982

IMF SKOPIE MEETING POSTPONED

The forthcoming meeting of International Monetary Fund, due to be held in Skopie, Macedonia March 31 was postponed, a letter to Bulgarian finance minister M. Radev says.

Business | March 27, 2001, Tuesday // 00:00 | Viewed: 913

RILA SOLUTIONS IS MS GOLDEN PARTNER

The Bulgarian company Rila Solutions received on Tuesday the official certificate for Microsoft Golden partnership. It is the first MS Golden partner in the region.

Business | March 27, 2001, Tuesday // 00:00 | Viewed: 881

ISRAELI LEVAEV OWNER OF MOBILTEL

Israely businessman Lev levaev became oficially owner of 100% of Mobiltel - the only one GSM operator in Bulgaria on Tuesday. LL Telecommunications Holding owned by Levaev received the shares, but the it will sell soon some 25% to two other Israeli busine

Business | March 27, 2001, Tuesday // 00:00 | Viewed: 945

4% Threshold to Make It to Parliament*

The paries must have at least 4% of the votes to enter the parliament in the forthcoming elections. It is the same requirement as it exist at the moment.

Business | March 27, 2001, Tuesday // 00:00 | Viewed: 816

PRINCESS TO BUILD $3.5 M TRADE CENTER

Turkish company Princess will invest $3,5 M in the building of a trade center in Mladost District in Sofia by March 2001. The center will consist of supermarket and stores for various goods, 3 cinemas, bowling hall, 11 to 12 fast-food restaurants, and ent

Business | March 26, 2001, Monday // 00:00 | Viewed: 807

BALKAN OWNER INVESTIGATED IN ISRAEL

Israeli Gad Zeevi, the majority owner of Balkan Airlines is investigated in Israel for the privatization of the local telecom Bezeq. Balkan was announced insolvent a couple of weeks ago.

Business | March 26, 2001, Monday // 00:00 | Viewed: 842

TWO SENTENCED FOR ILLEGAL SOFTWARE USAGE

First ever trial for illegal software usage in Bulgaria was finilized with a sentence. The regional court in Blagoevgrad sentenced two owners of small company to pay a penalty.

Business | March 26, 2001, Monday // 00:00 | Viewed: 825

TEXACO ACQUIRES PRISTA OIL

Texaco will acquire 50% of Prista Oil by mid-April. Last year the share of the foreign company in Prista Oil was 25%.

Business | March 26, 2001, Monday // 00:00 | Viewed: 1342

50% MORE ORDERS FOR BURGAS SHIPYARD

The Burgas shipyard has gained DEM 1 100 000 from ship repairs since the beginning of Y 2001. This marks 50% increase in comparison with last year`s orders for the same period.

Business | March 26, 2001, Monday // 00:00 | Viewed: 934

AMBASSADOR ASK: 2007 BULGARIA ENTERS EU

I see January 2007 Bulgaria as a full EU member, Swedish Ambassador to Sofia Sten Ask said in a press conference on Monday dedicated to Stockholm summit. Many Swedish companies like Ericsson, Astra Zeneca and Fison Invest express great interest to invest

Business | March 26, 2001, Monday // 00:00 | Viewed: 870

BCC WITH DEM 457 M PROFIT

The net profit of the BG Bank Consolidation Company for Y 2000 is DEM 457 M, Deloitte & Touche reported. The profit will be distributed in the form of dividends at a general meeting on April 6, 2001.

Business | March 25, 2001, Sunday // 00:00 | Viewed: 942

TZUM ISSUES BONDS FOR EUR 8 M ON THE SE

One of the largest departments stores in Bulgaria - TZUM will offer bond debts worth EUR 8 M on Sofia Stock Exchange soon, managers said. The 5 Y bonds are expected to have annual interest of about 13%.

Business | March 24, 2001, Saturday // 00:00 | Viewed: 916

EARTHQUAKE IN NORTHERN BULGARIA

Light earthquake had shaked Strazhitsa in Nothern Bulgaria Saturday midnight. 2.

Business | March 24, 2001, Saturday // 00:00 | Viewed: 886

BG WILL EXPORT ELECTRICITY TO ITALY

Bulgaria will start exproting electricity to Italy, I. Shiljashky, Energy Agency chairman said.

Business | March 24, 2001, Saturday // 00:00 | Viewed: 1042

EBRD INVESTS IN VINPROM DAMYANITSA

EU Bank for Reconstruction and Development is the biggest shareholder in the largest winemaking BG company Vinprom Damyanitsa by a capital increase from DEM 640 204 to DEM 1 088 413. The effective increase of DEM 1,4 M has been granted as an investment cr

Business | March 24, 2001, Saturday // 00:00 | Viewed: 825
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