Business

IMF Names Rodrigo Rato New Chief

The International Monetary Fund picked Spaniard Rodrigo Rato as its new managing director. "The executive board of the International Monetary Fund elected Rodrigo Rato to serve as managing director and chairman of the executive board for a five-year term

Business | May 5, 2004, Wednesday // 00:00 | Viewed: 828

Bulgarian Beaches Short of Lifeguards

There are not enough lifeguards for Bulgaria's Black Sea, Red Cross official warned. Delyan Drumev, leader of the organization in the key coastal city of Varna, said only 80 people completed the lifeguard training course this year.

Business | May 4, 2004, Tuesday // 00:00 | Viewed: 875

Sofia Becomes Gas Energized

At least 150,000 Sofia-resident households will benefit from the large-scale gasification project till end of 2004.

Business | May 4, 2004, Tuesday // 00:00 | Viewed: 706

Solid Growth of Bulgarian Bank Profits

Profits of Bulgarian banks have increased by 22 % in 2003, as compared to the previous year. According to a report of the Bulgarian National Bank, last year's profits in the sector stood at 319 million levs.

Business | May 4, 2004, Tuesday // 00:00 | Viewed: 616

Bulgaria, Texas Boost Business Cooperation

Bulgarian Foreign Minister Solomon Passy, who is currently in Austin, Texas will meet representatives of the US business today. Minister Passy and Geoffrey Connor, Texas Secretary of State, will sign an Agreement Memorandum later on Tuesday.

Business | May 4, 2004, Tuesday // 00:00 | Viewed: 883

Bulgarian Airports on Concession within Months

Airports in Bulgaria's two largest coastal cities will be offered for concession at the end of 2004 or the beginning of 2005. After the Varna and Burgas Airports, similar procedures will be launched also for some smaller landing fields, Transport Ministe

Business | May 3, 2004, Monday // 00:00 | Viewed: 806

Closures Down Bulgaria's N-plant Profits

The net profit of Bulgaria's only nuclear power plant Kozloduy for 2003 slipped by BGN 3.8 M over the previous year due to the closure of the two oldest reactors at the end of 2002.

Business | May 3, 2004, Monday // 00:00 | Viewed: 1166

Bulgarian Gas Supplier Investigated over Ukrainian Links

The chief of Bulgarian leading gas supplier was interrogated over links and contracts concluded with a Ukrainian company currently under local investigation. Upon demand from Ukrainian Prosecutors' Office, Bulgarian authorities undertook last Thursday a

Business | May 3, 2004, Monday // 00:00 | Viewed: 1949

Second Danube Bridge Gets the Go-Ahead

The tender procedure for the construction of a second Danube Bridge will be launched May 7.

Business | May 3, 2004, Monday // 00:00 | Viewed: 838

Bulgaria Unfreezes N-plant Project

The Cabinet officially announced its decision for resuming the construction of Bulgaria's second nuclear power plant at Belene.

Business | May 3, 2004, Monday // 00:00 | Viewed: 1492

3rd Bulgarian GSM License Issue Under Discussion

Bulgaria's Communications Regulation Commission (CRC) is still working on the issuing of third GSM license. No exact date was announced, as CPC has to process all the information gathered from the institutions dealing with that matter.

Business | May 2, 2004, Sunday // 00:00 | Viewed: 834

2,000 Tourists Arrive in Bulgaria over One Day

More than 2,000 tourists from France, Germany and UK landed at Varna airport on the very first day after the overhaul of the airport was over.

Business | May 2, 2004, Sunday // 00:00 | Viewed: 894

EC Position on Bulgarian's Agriculture Clear In A Week

The European Commission is expected to announce its common position on Bulgaria's Agriculture chapter, Bulgarian Agriculture Minister Mehmed Dikme said. Bulgaria's agriculture exports totaled USD 2.

Business | May 1, 2004, Saturday // 00:00 | Viewed: 962

Foreign Investments in Bulgaria Down by 60%

Foreign investments in Bulgaria have gone down by nearly 60,5% over the first two months of 2004 as compared to the same period in 2003.

Business | May 1, 2004, Saturday // 00:00 | Viewed: 908

Bulgarian Telco Increases Local Calls Prices

The Bulgarian Telecommunications Company (BTC) increased prices of local calls. The new tariffs were implemented from May 1.

Business | May 1, 2004, Saturday // 00:00 | Viewed: 690

No Project Okayed for Bulgaria's 2nd N-Plant

No project has been approved so far for the construction of Bulgaria's second nuclear power plant in Belene. Energy Minister Milko Kovanchev announced, adding that recent bribe scandal would not impede the construction of the plant.

Business | May 1, 2004, Saturday // 00:00 | Viewed: 1186

The EU "Big Bang"

The ten EU newcomers will make the Union not poorer, but richer. Thus German Chancellor Gerhard Schr?der welcomed the ten new countries joining the European Union on May 1, in the fifth and broadest enlargement of the bloc so far.

Business | April 30, 2004, Friday // 00:00 | Viewed: 1246

South Africans Stirred by Bulgaria's Casinos

South African gambling businessmen are on the watchout for opportunities to open casinos in Bulgaria. According to South Africa's non-resident ambassador to Bulgaria Jannie Momberg, Bulgarian casinos are also favored for purchase and business development

Business | April 30, 2004, Friday // 00:00 | Viewed: 2323

Bulgarian Steel Plant in Search of Major Investor

Bulgaria's largest steel plant Kremikovtzi is seeking for fresh investments from abroad. The factory's majority owner, Finmetals Holding, is currently in talks with four foreign investors interested in the whole or partial purchase of 71 percent stake vi

Business | April 30, 2004, Friday // 00:00 | Viewed: 920

Bulgarian Views on Japanese Dairy Products

Panoramic views from various parts of Bulgaria will be pictured on Japanese dairy products. The Meiji Dairies Corporation has developed the idea in a bid to attract more tourists to Bulgaria.

Business | April 30, 2004, Friday // 00:00 | Viewed: 1239

Bulgarian Black Sea Coast Enchants Foreigners

First tourists that will enjoy their holiday at the Bulgarian Black Sea coast landed onFriday. Four planes transported the foreign tourists to coastal Burgas.

Business | April 30, 2004, Friday // 00:00 | Viewed: 836
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