Business

Report: Top US Investors Shift to Eastern Europe

Top US companies are shifting eyes to Eastern Europe when it comes to decision-making about investments, according to a survey by the American Chambers of Commerce in Germany and the Boston Consulting Group, EUObserver reported. The survey has approached

Business | February 19, 2004, Thursday // 00:00 | Viewed: 694

Bulgaria Ready with Back-Up Electricity for the Olympics

Bulgaria's National Electricity Company (NEC) is ready to increase its power export to Greece to back up its electricity grid during the Olympic Games 2004, the state power utility announced. Yet there is no official asking from Greece to Bulgaria to bac

Business | February 19, 2004, Thursday // 00:00 | Viewed: 651

No Advertiser Selected to Present Bulgaria's Tourism Yet

Bulgaria's participation in the major 2004 international tourism fairs - in Berlina, Moscow, Kiev and London - is put at stake after none of the six bidders accomplished the procurement criteria set by the Executive Agency for National Tourism Promotion a

Business | February 19, 2004, Thursday // 00:00 | Viewed: 663

Bulgaria's Fin Min: 2004 Budget Deficit May Be Set at 0%

If problems with Bulgaria's current account deficit persist, budget deficit for 2004 might be set at 0%, Bulgaria's Finance Minister Milen Velchev, cited by local media, said Wednesday. The minister was a guest lecturer at a meeting with representatives

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 804

Bulgarian Business Short of Finance to Complete EU Standards

A total of 73 % of Bulgarian managers and businessmen are unable to complete the EU standards due to shortage of adequate finances, a sociological research carried out by Bulgaria's Alfa Research has revealed. The results, which outlined Bulgarian busine

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 753

Bulgaria Turns Into Balkans Riviera

Bulgaria is on its way to turn into the Riviera on the Balkans, seeing a steady growth in recent years, according to Neli Sandalska, Deputy Chief of Bulgaria's Association of Tour Operators. She stated on Wednesday that the 18-percent increased tourist f

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 1031

Croatia, Bulgaria 2003 Trade Exchange Up by 154% y/y

Bulgaria and Croatia's bilateral trade exchange shoot up by 154% in 2003 as compared to the previous 2002, Bulgaria's Deputy Economy Minister Radoslav Bozadzhiev announced Wednesday. Still, Bozadzhiev underlined that there is more to be achieved in the tr

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 663

Bulgaria's Largest Bank-Insurance Group Goes Online, Mark Record 2003

Bulgaria's largest banking and insurance group DZI-Roseximbank will unite online all of its 375 branches, the Group's CEO Emil Kyulev announced at a press briefing on Wednesday. The system is developed together with Telelink and BTC Net with the purpose t

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 1900

Microsoft Presents Bulgarian Version of Office 2003

Microsoft Bulgaria officially presented on Wednesday the Bulgarian version of its Office 2003. The new version includes four programs translated into Bulgarian language.

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 1249

Bulgaria's Telecom Sale "Hinges on 3rd GSM License"

Viva Ventures, which was invited to sign the contract for the sale of 65% stake in Bulgaria's dominant telecom carrier BTC by February 20, may back away from the deal if the telecom does not get a GSM licence. The condition has reportedly been stipulated

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 850

Tunisair to Open Charter Flights to Bulgaria

Tunisair plans to open charter flights to Bulgaria and in 2005 to open a line to Sofia, it was announced on Tuesday. A Tunisair delegation is currently in Bulgaria and is to hold meetings with representatives of the Bulgarian Transport Ministry, Sofia ai

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 826

Socialists Spokesman: BAE Systems Inexperienced to Upgrade Bulgaria Helicopters

Members of Bulgaria's Socialist Party protested on Tuesday that the selection of UK company BAE Systems for the upgrade of the country's Mi-17 and Mi-24 helicopters is unprofitable, claiming the deal would serve the interests of London circles, close to t

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 953

Bulgaria's MG Corp Indebted to 21 Companies

Bulgaria's MG Corporation, founded by murdered last year Ilya Pavlov, is yet a debtor to 21 companies subcontracted for the construction and equipment of the hotels Rubin, Lebed, Prostor and International, Bulgarian news agency BTA informed on Tuesday. I

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 732

Brand New Soft Drink Sets Foot on Bulgarian Market

A new soft drink branded Sinalco has set foot on Bulgarian market, after the German company Sinalco International GmbH&CoKG was licensed as exclusive brand distributor to the country. The official ceremony on presenting the new brand of Sinalco has taken

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 2383

Bulgaria Among 7 Most Favourite Skiing Destinations in UK

Bulgaria is among the seven most favourite skiing destinations visited every year by British tourists, a research by SkiClub of Great Britain reveals. About one million British go overseas to ski every year, mainly in the French Alpes, where a third of a

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 850

Bulgaria Air and Russia's Aeroflot to Share Airfares

Bulgarian flag carrier Bulgaria Air and Russia's Aeroflot agreed Monday on common sale of airfares for passengers on the route from Sofia to Moscow and then to Far East destinations such as Beijing and Tokyo. Aeroflot's General Director Valery Okulov and

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 860

Sofia Residential Property Market Sees Rising Demand

The average price of residential Real estate in Bulgaria's capital by December 2003 stood at EUR 400 per sq.m.

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 964

Morgan Stanley Becomes Bulgaria's Tobacco Monopoly Consultant

Morgan Stanley & Co. Ltd has been appointed sales consultant of Bulgaria's tobacco monopoly Bulgartabac, Economy Ministry announced on Monday.

Business | February 16, 2004, Monday // 00:00 | Viewed: 1243

Bulgaria's Denyl Promotes Roy Robson Brand

Bulgaria's male clothing producer Denyl is going to promote the German trademark Roy Robson, the company's official site informed on Monday. Besides Roy Robson, the Bulgarian fashion center partners with Bugatti, whose trademark has been successfully pre

Business | February 16, 2004, Monday // 00:00 | Viewed: 2633

Bulgaria's Outstanding State Receivables Surpass BGN 2 B

Bulgaria's outstanding receivables has outreached BGN 2 B, mainly due to VAT draining and illegal business activities, State Receivables Agency Chief Stanislav Mihailov announced on Monday. He backed up the idea that a separate service for financial inve

Business | February 16, 2004, Monday // 00:00 | Viewed: 478

5 Indicative Bids Submitted for Bulgaria's Power Utilities

Five indicative bids for the privatisation of 67 percent stake in Bulgaria's power utilities were submitted before the deadline expired on February 16, the Privatisation Agency announced. Italy's ENEL, Germany's EON, Czech CEZ, Greece's PPC and Austrian

Business | February 16, 2004, Monday // 00:00 | Viewed: 759
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