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.
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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
S&P Upgrades Two Bulgarian Banks
Standard & Poor's rating agency raised its long-term counterparty credit and certificate of deposit ratings on United Bulgarian Bank (UBB) to "BB+" from "BB", outlook stable. The agency also upgraded its long- and short-term counterparty credit and certi
Danone with New Launch in Bulgaria, Romania
Dairy producer Danone Serdika launched on the Bulgarian and Romanian markets its new Danao drink, a blend of fruit juice and milk.
Fines Slapped on Two Bulgarian Breweries
Bulgaria's anti-trust body has imposed a BGN 75,000 fine on Varna-based Ledenika MM brewery and a BGN 20,000 fine on Russe-based Russensko Pivo brewery. The Commission for the Protection of Competition (CPC) has been approached by Kamenitza brewery in co
Bulgaria's Anti-Trust Body Extends GSM Check
Bulgaria's anti-trust commission has extended by two months the deadline for conducting checks into the third GSM license issue. An independent team of experts will carry out an enquiry into the negotiated price for the telecom assets and the non-tendere
Sofia - Let's Make It Digital
The life in Bulgaria's capital may become digitalized altogether making it possible to pay through a universal smart card. A Spanish company has submitted the project for developing a high-speed telecommunications system to pool payments for city transpo
Company Shares at Initial Public Offering
Shares traded at the Sofia Stock Exchange has seen their first ever in Bulgaria initial public offering on Thursday.
Bank Credits Info Streamed Online
The Central Credit Register uniting all data on credits granted by Bulgarian banks has kicked off online on Thursday. The credit register includes information about all credits granted by Bulgarian banks, including those under BGN 10,000.
First PR Company in Bulgaria Achieves ISO 9001:2000
M3 Communications Group, Inc. became the first PR and marketing company in Bulgaria certified to the ISO 9001:2000 standard.
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