The Bulgarian state railways company plans to raise passenger fees in the second half of 2002 to compensate for the inflation and meet a World Bank requirement to reduce losses, Dnevnik Daily wrote....
Orgachim private dye and varnish producer will hold talks with the Finance Ministry to find ways to repay debt on bad-debt domestic governmental bonds, or ZUNKs, in order to reduce the company’s losses, Valeri Petrov, the plant’s Executive Director said....
Sofia mayor will appeal Euro bond issue breach accusations "I'll appeal to the Prosecutor’s Office against the accusations of criminal breach of trust on the Sofia Municipality Euro bond issue," Sofia Mayor Stefan Sofianski said. He will also appeal to t...
Bulgaria and the European Union agreed to liberalize fully their trade in fish and fish products, the Agriculture Ministry announced in a special statement. According to the agreement, which is part of the Bulgarian negotiations to join EU, trade in carp,...
Two creditors of the Varna shipyard rejected the evaluation of the shipyard’s long-term assets prepared by the consulting company PriceWaterhouse Coopers (PWC) as too high. These two creditors demanded from the Varna Regional Court to convene a shareholde...
A Deutsche bank-led consortium extended a USD 13 M loan to the Bulgarian private bank First Investment Bank (FIB). The loan is to be used to back up short-term export and import financing of FIB clients, Executive Director Maya Georgieva said, quoted by D...
World | January 14, 2002, Monday
Responding to an ultimatum from President Andres Pastrana, Colombia's largest rebel group said Sunday it will give up its control of a 16,000-square-mile demilitarized zone. The leftist Revolutionary Armed Forces of Colombia, known by its Spanish acronym...
World | January 14, 2002, Monday
A journalist working for a leading African newspaper has fled Zimbabwe and is in fear for his life after he was branded a terrorist on television by a minister in President Robert Mugabe's government. Dingilizwe Ntuli, a reporter working for South Africa'...
World | January 14, 2002, Monday
Auditing firm Arthur Andersen instructed its employees in a memo to destroy most of their material relating to Enron just days before the energy trading company went bankrupt, according to a report in the latest edition of Time magazine. Enron markets ele...
Companies are to pay their debts to the State Liabilities Agency (SLA) in compensatory vouchers according to the Agency experts’ proposal, sent in a letter to the Cabinet and the Finance Ministry, Standart Daily reported. The Agency acquired the assets of...
Prime Minister Simeon Saxe-Coburg is expected to summon the Cabinet urgently today or tomorrow because of the scandals that flared in Bulgartabac Holding, a government source said, quoted by Standart Daily. The future of the Holding’s future will be discu...
Most of the pharmacies in Plovdiv admit that they are running out of their last resources. They continue to sell medicines at old prices....
Almost 90% of the readers who cast their votes in the latest poll of novinite.com answered positively the question “Does Tourism in Bulgaria Have Future?” Out of all 142, 125 voters were positive only 17 expressed the opinion that the tourism sector in Bu...
Argentina's financial crisis has raised fear in Bulgaria, where the financial system is similar to the Argentinian model, that it could be the next victim of such a crisis, Sofia economists warn. "The Argentine crisis has rung alarm bells in Bulgaria....
The inadequate policy of the governments in the Balkans poses the biggest problems before the companies in these countries, a survey of four organizations, including Bulgaria’s Institute for Market Economy, shows. The survey, an excerpt of which was publi...