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THE BULGARIAN STATE RAILWAYS COMPANY PLANS TO RAISE PASSENGER FEES IN ...

Politics | January 14, 2002, Monday
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 FIN...

Politics | January 14, 2002, Monday
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

Politics | January 14, 2002, Monday
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...

AGREEMENT ON LIBERALIZED FISH TRADE WITH EU SIGNED

Business | January 14, 2002, Monday
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,...

CREDITORS OF VARNA SHIPYARD DEMAND DISCUSSION OF SHIPYARD’S EVALUATION

Business | January 14, 2002, Monday
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...

FIRST INVESTMENT BANK RECEIVED USD 13 M LOAN TO BACK TRADE FINANCING

Business | January 14, 2002, Monday
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...

RESPONDING TO AN ULTIMATUM FROM PRESIDENT ANDRES PASTRANA, COLOMBIA'S ...

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...

A JOURNALIST WORKING FOR A LEADING AFRICAN NEWSPAPER HAS FLED ZIMBABWE...

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'...

AUDITING FIRM ARTHUR ANDERSEN INSTRUCTED ITS EMPLOYEES IN A MEMO TO DE...

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...

DEBTS TO STATE TO BE PAID IN COMPENSATORY VOUCHERS

Politics | January 14, 2002, Monday
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...

CHANGES IN BULGARTABAC BOARD OF DIRECTORS REPORTED TO BE SEEN SOON

Business | January 14, 2002, Monday
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...

PHARMACIES IN PLOVDIV RUN OUT OF MEDICNES

Business | January 14, 2002, Monday
Most of the pharmacies in Plovdiv admit that they are running out of their last resources. They continue to sell medicines at old prices....

TOURISM IN BULGARIA HAS FUTURE, POLL AT NOVINITE.COM SHOWS

Views on BG | January 13, 2002, Sunday
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...

AFT: BULGARIA FEARS ARGENTINA-LIKE CRISIS

Business | January 13, 2002, Sunday
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....

GOVERNMENTS HAMPER BUSINESS IN THE BALKANS, SURVEY SHOWS

Business | January 13, 2002, Sunday
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...
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Bulgaria’s capital Sofia has seen over the last week unrelenting public outrage at the appointment of a media magnate to a top security post, which boiled over into protests against the new government....
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Which is the best option for Bulgaria after the heavy blow protests blew to the new government, headed by Plamen Oresharski?
New early elections.

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Sizzling Bulgaria

Bulgaria saw record-high temperatures on Wednesday. Locals say the last time they experienced such sizzling heat was… yesterday!...read

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