Business

IMF Warns Bulgarian Creditors

The International Monetary Fund's resident representative to Bulgaria recommended that local banks slow down in allotting credits. According to James Roaf, if rapid credit growth is not brought under control, that could threaten Bulgaria's macroeconomic

Business | June 19, 2004, Saturday // 00:00 | Viewed: 664

Bulgarian Lotto Luck Winds Abroad

Luck at Bulgarian lottery can perch on the shoulder of those submitting forms abroad. It will be possible due to amendments in the Gambling Act, which envisage that the state Prizes and Cash Lottery and the Sports Lottery pool in efforts at organizing ga

Business | June 18, 2004, Friday // 00:00 | Viewed: 775

Smoking Ads Outlawed in Bulgaria

Bulgarian MPs voted yes to a ban on cigarette advertising.

Business | June 18, 2004, Friday // 00:00 | Viewed: 969

German Credit for Danube Bridge Okayed

Germany's Kreditanstalt fuer Wiederaufbau will release a EUR 20 M credit for the construction of a second bridge over the Danube river, Bulgaria's government decided.

Business | June 18, 2004, Friday // 00:00 | Viewed: 714

Warning over Blocked Aroma Shares Trade

The Bulgarian Stock Exchange trade with shares of cosmetics producer Aroma is risky, Astera Holding Board of Directors warned. The cosmetics company's shares have been blocked by a court injunction.

Business | June 17, 2004, Thursday // 00:00 | Viewed: 945

World Bank Loans USD 150 M to Bulgaria

The World Bank loaned USD 150 M to Bulgaria to boost reforms in public administration, the judiciary and anti-corruption.

Business | June 17, 2004, Thursday // 00:00 | Viewed: 1049

EU Pays for Bulgaria's Nuke Safety

Bulgaria's power plant Kozloduy will be financed with EUR 61.9 M for the decommissioning of its two oldest units.

Business | June 17, 2004, Thursday // 00:00 | Viewed: 1369

Freshed Up Sofia Airport Handles 2.6 M Passengers a Year

Sofia airport will have a capacity of 2.6 million passengers and 26,000 tons of cargo exchange per year after the implementation of the project for its reconstruction, development and expansion.

Business | June 17, 2004, Thursday // 00:00 | Viewed: 2899

Bulgarian Filmmakers Slam Center Sale

Bulgarian filmmakers vehemently attacked the conditions of the tender for the sale of a 95 percent stake in the country's movie production centre Boyana Film Studios. The terms of the tender give advantage to film producers over filmmakers, they claim an

Business | June 17, 2004, Thursday // 00:00 | Viewed: 814

Bulgaria Signs PAL 2 Agreement

Bulgaria's Finance Minister Milen Velchev and World Bank Director for Bulgaria Anand Seth are expected to sign a PAL 2 loan agreement following a review of the government's program for reform and the bank's support. The World Bank approved a USD 150 M Se

Business | June 17, 2004, Thursday // 00:00 | Viewed: 821

Private, Public Sector Hand in Hand for Bulgaria Promotion

Private business and the government have shaken hands in accord to pool efforts for promoting Bulgaria as tourist destination abroad. Bulgarian Convention and Visitors Bureau and the National Tourism Advertising and Information Agency have agreed on a co

Business | June 16, 2004, Wednesday // 00:00 | Viewed: 1262

World Saw 500,000 Fresh Millionaires 2003

About 500,000 people became US dollar millionaires last year, according to a survey of Merrill Lynch and CapGemini. That makes for a 7.

Business | June 16, 2004, Wednesday // 00:00 | Viewed: 932

Bulgaria Woos Hollywood to Buy Film Center

Bulgaria will seek to attract Western European and American companies for the sale of a 95 percent stake in the country's movie production centre Boyana Film Studios. Announcements of the public tender, to be invited by the end of this year, will be publ

Business | June 16, 2004, Wednesday // 00:00 | Viewed: 2147

Serb Dollars Flow into Bulgaria's Resorts

Serb holidaymakers spend USD 250 million in Bulgaria every year, data show. But Bulgaria's Transport Minister Nikolay Vassilev said Bulgarian investment in Serbia were higher than vice versa.

Business | June 16, 2004, Wednesday // 00:00 | Viewed: 748

Bulgaria's Pioneer Varna-London Flight Due

Bulgaria's flag carrier is about to launch a pioneer flight from the costal city of Varna to the British capital. June 18 is the date set for the flight.

Business | June 16, 2004, Wednesday // 00:00 | Viewed: 1091

Bulgaria Receives 15 Bids for Danube Bridge

Fifteen local and EU member companies have submitted bids for the design and construction of Danube Bridge II, to link the Bulgarian port of Vidin, 210 kilometers (130 miles) north of Sofia, and the Romanian port of Calafat. The pre-qualification procedu

Business | June 15, 2004, Tuesday // 00:00 | Viewed: 802

EU Standards Trouble Bulgarian Wine Producers

Bulgaria's wine producers are disturbed by the country's commitments en route to joining EU. By 2007, the country's target date for becoming a full member, Bulgaria will have to double its vine-sown area.

Business | June 15, 2004, Tuesday // 00:00 | Viewed: 2293

UK, Bulgaria Seek to Boost Business Cooperation

A Bulgarian-British business forum was opened in the Bank of England on Tuesday. The special event is organized by the International Financial Services London (IFSL) and the Bank of England and will be inaugurated by the Bulgarian Economy Minister Lidia

Business | June 15, 2004, Tuesday // 00:00 | Viewed: 867

Sofia Awaits Internet "Hot Spots"

US investors have discussed the options of setting high-speed free centers for Internet access. The establishment of so-called "hot spots" focused talks between Finance Minister Milen Velchev and local investors during the officicial one-week Bulgarian v

Business | June 14, 2004, Monday // 00:00 | Viewed: 876

M3 Communications Group Joins European Business Congress

The European Business Congress got enlarged with seven Bulgarian companies, including M3 Communications Group, Inc., Asarel Invest, Bulgargas, Erato Holding, Petreco Sarl, Sofiyska voda, and Chimimport.

Business | June 14, 2004, Monday // 00:00 | Viewed: 1956

Zero-Inflated May Reports

The inflation over the month May has recorded a zero level, according to the latest statistics press release. The overall inflation rise since January has restrained up to 2 percent, compared to 6.

Business | June 14, 2004, Monday // 00:00 | Viewed: 622
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