TODAY`S NEWS IN ONE SENTENCE

Business | June 22, 2001, Friday // 00:00

ProCredit Bank, newly established bank for small and medium-size funding is applying for license from the Bulgarian National Bank. EBRD, the International Finance Corporation further more Comerzbank and IMI are among the shareholders of the bank.

The State Savings Bank reported BGN 10,360 M net profit for the period January-May 2001.

Some 15,000 new jobs have been created in software-related businesses in Bulgaria, according to DataMonitor Research estimations, presented by Microsoft to the Bulgarian president Stoyanov.

The talks on the sale of the State Insurance Institute between the Privatization Agency and TBI Holding will be postponed for about 3 weeks, PA CEO Levon Hampartsoumian said.

Deputy Prime Minister Petar Jotev postponed the discussion of the annex of the privatization contract with Union Miniere on the Pirdop Med coppers smelter for a proposed extension of the investment program by 2 years.

The Israeli company Ashrom will build hypermarket and sports hall in the Kyustendil region, near the Macedonian border.

Billa, Austrian hypermarket chain starts its next project in Rousse, Danube coast city, North Bulgaria.

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