Business

Black Sea Resorts Get Gas Equipped

Bulgarian Black Sea resorts near the town of Varna will be supplied with gas by the end of 2005. Sasho Donchev, chief of Bulgarian leading gas supplier Overgas and Varna mayor Kiril Yordanov announced that the first major resort at the Black Sea coast th

Business | July 23, 2004, Friday // 00:00 | Viewed: 684

Chicken Abuse Shadow over KFC

A supplier for KFC has fired 11 workers over a poultry abuse scandal. It broke after animal rights group Peta released a secretly recorded video showing workers at the farm stomping on, kicking and throwing live chickens about.

Business | July 22, 2004, Thursday // 00:00 | Viewed: 3054

Bulgaria's ProWave Awarded TETRA License

Bulgaria's telecommunication watchdog decided to award a national TETRA license to ProWave, the only bidder in the procedure. The 15-year license will cost Pro Wave BGN 199,800 (EUR 102,500), which was the starting price.

Business | July 22, 2004, Thursday // 00:00 | Viewed: 1142

Market Braces for 3rd Generation Mobile Services

In the end of the year at latest a tender for issuing two Bulgarian licenses of third generation mobile operators will be held. The UMTS system provides for a swift exchange of voice, pictures and high-speed mobile access to Internet for mobile users.

Business | July 22, 2004, Thursday // 00:00 | Viewed: 647

Tourists Stumble at Greek Prices

Swelling prices ahead of the Olympic Games are keeping many tourists away from Greece, local media warned. According to newspaper reports, some 6,000 hotel rooms in Athens are still vacant.

Business | July 21, 2004, Wednesday // 00:00 | Viewed: 924

Bulgaria Air Enjoys Boosted Sales

Ticket sales of national flag carrier Bulgaria Air have increased by 55% over the first half of 2004, as compared to the same period last year. The company boasted more than 1,200 flights and 150,000 passengers this year alone.

Business | July 21, 2004, Wednesday // 00:00 | Viewed: 996

BTC to Appeal GSM License Suspension

Former state monopoly telecom BTC will appeal the decision of the Bulgarian Supreme Administrative Court to suspend the granting of a GSM license to the company. Richard Clegg, head of the BTC legal department said in an interview for the Bulgarian Nati

Business | July 21, 2004, Wednesday // 00:00 | Viewed: 854

Bulgaria's June Jobless Rate Down

Bulgaria's unemployment rate stood at 12.2% in June 2004, the Social Ministry announced.

Business | July 20, 2004, Tuesday // 00:00 | Viewed: 732

EU Pays for Bulgarian Snails

The European Union has allotted EUR 62,000 for the construction of an indoor snail farm in Bulgaria. The farm, opened Tuesday in the town of Dobrich, has a capacity of six tons a year.

Business | July 20, 2004, Tuesday // 00:00 | Viewed: 1192

Bulgaria's Tourism Industry Boosts

The number of foreign tourists coming to Bulgaria has gone up by 21.27% over the last six months as compared to same period in 2003.

Business | July 20, 2004, Tuesday // 00:00 | Viewed: 963

Summer Tourism Season 2005 in "Danger"

The 2005 summer season might be ruined unless Bulgaria's authorities solve the problem with the active construction works in the major resorts. Deputy Economy Minister Dimitar Hadzhinikolov warned that Bulgaria should not allow construction works to cont

Business | July 20, 2004, Tuesday // 00:00 | Viewed: 911

Bulgaria Certifies Eco Packaging Venture

The first country's organization engaged in package recycling received Tuesday its official certificate. The joint venture EcoPack Bulgaria, established in January, has pooled the efforts of 18 national and foreign companies to manage ecology-friendly re

Business | July 20, 2004, Tuesday // 00:00 | Viewed: 1327

Bulgarian Real Estate Prices Up 12%

Real estate prices in Bulgaria have increased by an average 12.3% over April-June, data show.

Business | July 20, 2004, Tuesday // 00:00 | Viewed: 1014

Record Flights at Coastal Varna Airport

The coastal airport of Varna have met and processed a record number of flights on Monday. Statistics has shown that the Airport accepts an average of 10-20 flights daily, while on Monday alone a total of 30 planes have landed on Varna's runways.

Business | July 19, 2004, Monday // 00:00 | Viewed: 764

Iraq Tops Most Dangerous Business Places

Iraq tops the list of places where business activity involves too much risk and dangers, according to a recent survey. The post-war Arab country has outreached in potential threats to business even traditionally risky places like Kashmir, Aon Corp.

Business | July 19, 2004, Monday // 00:00 | Viewed: 800

Bulgarian Silkworms Intrigue Koreans

Korea International Cooperation Agency (KOICA) might invest in Bulgarian silkworm breeding, media said. Representatives of the Agency are currently studying the potential of a silkworm farm in the town of Vratsa.

Business | July 19, 2004, Monday // 00:00 | Viewed: 666

Power Utilities Sale Consultant Procedure "Flawed"

The procedure for the election of consultant for the sale of Varna, Bobov Dol and Russe thermal power plants has not been carried out properly, according to consultant candidates whose bids were not approved. At a special press conference Vladimir Karole

Business | July 19, 2004, Monday // 00:00 | Viewed: 864

Bulgaria with New Seaside Airport

A new airport for charter flights will be built near Bulgaria's Black Sea resort of Primorsko. The construction of the facility is expected to cost some EUR 10 M, according to local mayor Dimitar Dimitrov.

Business | July 19, 2004, Monday // 00:00 | Viewed: 677

Bulgaria's Tobacco Giant Sale Underway

Bulgaria started the privatisation procedure of the country's tobacco giant Bulgartabac by announcing the sale of two of the plant's pools. The announcement for the sale was published in Financial Times, the Bulgarian newspapers Dnevnik and Pari.

Business | July 19, 2004, Monday // 00:00 | Viewed: 1392

New Challenge for Bulgaria's 3rd GSM License

The state communications watchdog might appeal the suspension of the third GSM licence to former state monopoly telecom BTC, Pari daily reported. Last Thursday Bulgarian Supreme Administrative Court ruled out the licensing procedure being carried out wit

Business | July 19, 2004, Monday // 00:00 | Viewed: 630

Russia Eyes Sofia Subway Extension

Russian companies have declared their interest in the extension of the Sofia subway according to Deputy Sofia Mayor Velizar Stoilov.

Business | July 19, 2004, Monday // 00:00 | Viewed: 821
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