Bulgaria's MobilTel Wraps Up Largest Deal
The biggest ever leveraged-buy-out ("LBO") in Central and Eastern Europe has been finalized, Bulgaria's largest mobile phone company MobilTel announced.
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Turkey, Bulgaria Lay Down Glasswork Plant Foundations
Bulgarian and Turkish prime ministers laid together the first stone of Sisecam glasswork factory in Targovishte, 318 km northeast of Sofia. Turkey's giant glass producer Sisecam plans to invest a total of USD 160 M in the project, which encompasses the c
Bulgarian Airport Handles Record-High British Tourists
Two months into the summer charter season, traffic of British passengers at Burgas airport on the Bulgarian Black Sea coast has surged as compared to the same period last year.
US Eye on Bulgarian Pipelines
Businessmen in the US are showing interest for the power engineering industry in Bulgaria, a top official said. Bulgaria's energy minister, who is currently on an official visit to the US, said that American attention was pinned on the future constructio
Bulgaria's IMF Agreement Branded as Restrictive
Bulgaria's right-wing opposition and trade unionists attacked the agreed two-year stand-by precautionary agreement with global lender, International Monetary Fund (IMF).
World Business Elite in Sofia 2005
International business leaders will be invited to an investment forum in Sofia next year. The event, entitled Discover Bulgaria, is co-organized by the former President of the Seychelles, Sir James Mancham.
Bulgaria Revises Film Center Sale
Bulgaria's sale body will reconsider the conditions for the privatization of a 95 percent stake in Bulgaria's movie production center Boyana Film Studios. According to Atanas Bangachev, Privatization Agency Executive Director, the move aims to make eligi
Bulgaria's Bank of the Year Awarded
Bulgaria's President Georgi Parvanov awarded Raiffeisenbank-Bulgaria that was named Bank of the Year for the second time in a row in the traditional contest, organized by local Pari Daily. This was the seventh time that Pari Daily selects Bank of the Yea
IMF, Bulgaria Agree on USD 140 M Precautionary Accord
Bulgaria and the International Monetary Fund agreed on signing a two-year stand-by precautionary agreement for USD 100 M special drawing rights, which amounts to USD 130 M - USD 140 M.
Raiffeisenbank Named Bank of the Year 2003
Raiffeisenbank-Bulgaria was named Bank of the Year for the second time in a row in the traditional contest, organized by local Pari Daily. This is the seventh time that Pari Daily selects Bank of the Year in an effort to encourage the financial instituti
Bulgarian T-Notes Flotation in Aug
The Finance Ministry will put up for sale 15-year T-notes, worth EUR 15 M on August 2. The ministry will also auction 3-year T-notes worth BGN 20 M and 3-month T-bills, worth BGN 12 M, making for BGN 61.
IMF Wraps Up Talks in Bulgaria
The International Monetary Fund (IMF) mission and the Bulgarian government will announce today the agreements reached during the mission visit, which will become the basis for the new precautionary accord.
Bulgaria Forms Special Nuclear Company
Units five and six of Bulgaria's nuclear power plant in Kozloduy, the construction site and the power utilities of the country's second nuke in Belene will be united to form a special nuclear company. The new Bulgarian company will apply for an energy lo
A.I.T. Grants Scholarships for Bulgarian IT Students
Bulgarian IT students and specialists can apply for scholarships secured by the Athens Information Technology center. The program will be launched October 4 and will continue for eleven months.
Bulgaria Covers 50% of Balkans' Energy Deficit
Bulgaria covers over 50% of the energy deficit on the Balkans, according to Energy Minister Milko Kovachev. Kovachev, who leaves on a working visit to the US tomorrow, explained that Turkey is one of the most important energy markets for Bulgaria.
Novinite.com First BG Online Media with ISO 9001:2000
Novinite.com became the first online media in Bulgaria to be certified to the ISO 9001:2000 standard.
Bulgaria Looks to Last IMF Accord
There are all signs that the precautionary agreement with the International Monetary Fund will be the last for Bulgaria, according to the finance minister.
Bulgaria Sees Power Utilities Sale Projects
Candidates for the privatisation of Bulgaria's seven power utilities will present 13 possible projects July 9. Five indicative bids have been submitted for the privatization of 67% stakes in Bulgaria's electricity distribution companies.
Bulgaria's Tobacco Giant Sale to End Market Monopoly
The sale of Bulgaria's tobacco giant Bulgartabac will put an end to its market monopoly. The executive director of the tobacco giant Iliya Kaloferov explained that only world's biggest tobacco producers will be allowed to take part in the privatization o
North Bulgaria Bidding for Wind Power
Ten companies have shown interest in the construction of wind power generators near the north coastal town of Kavarna. Mitshubishi Corporation and Bulgarian Wind Power Plants are the two out of ten companies, buying tender documents, that have satisfied
Green Light for Bulgarian Tobacco Monopoly Sale
Bulgaria's tobacco monopoly has been offered for piecemeal sale to strategic investors who will be able bid for the four most profitable plants grouped in two pools. Blagoevgrad BT and Stara Zagora BT will form the one pool, and Sofia BT and Plovdiv BT w
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