Business

Parliament Passed Bulgaria's 2004 Budget

Bulgaria's Parliament passed on second reading the 2004 budget of the country following the many disputes it triggered. The fiscal reserve for 2004 was set to BGN 2.

Business | December 18, 2003, Thursday // 00:00 | Viewed: 558

Czech CEZ Eyes Bulgaria's Energy Privatisation

Czech power giant CEZ has officially expressed interest in the privatisation of seven Bulgarian power distributors. The company has passed on to Bulgaria's Privatisation Agency "Documentation on Qualification" as a first step toward taking part in the pr

Business | December 18, 2003, Thursday // 00:00 | Viewed: 740

Bulgaria's National Power Distributor "Company of the Year"

Bulgaria's National Power Distribution Company was awarded Best Company 2003 by the country's Chamber of Commerce. The main criteria for the selection were companies' revenues for 2002.

Business | December 18, 2003, Thursday // 00:00 | Viewed: 631

Bulgarian Power Plant Starts Exports to Turkey

Bulgaria's Maritsa East 3 thermal power plant started Wednesday electricity exports to neighboring Turkey. Three of the plant's units are working at full capacity since unit 2 is currently under reconstruction.

Business | December 17, 2003, Wednesday // 00:00 | Viewed: 612

EBRD Grants EUR 60 M Loans for Sewage Modernization in Bulgaria

Six Bulgarian sewage-construction and water supply utilities will be given the right to borrow up to EUR 60 M from the European Bank for Reconstruction and Development with no need of state guarantees, Bulgaria's Regional Development Minister Valentin Tse

Business | December 17, 2003, Wednesday // 00:00 | Viewed: 573

Bulgaria's Gross Foreign Debt Up by EUR 34.7 M

Bulgaria's gross foreign debt in the end of October reached EUR 10.650 B, which shows an increase of EUR 34.

Business | December 16, 2003, Tuesday // 00:00 | Viewed: 664

Investigation into Sofia Municipal Bank Urged after Shady Asset Deal

Sofia Municipal Bank manages all of the capital's funds and an investigation into its activities is most likely, Lyuben Dilov, municipal councillor and chairman of the conservative movement Gergyovden said on Tuesday, referring to the controversial transf

Business | December 16, 2003, Tuesday // 00:00 | Viewed: 762

Russian Carriers to Bulgaria's Coastal Airports Not Named

The Russian state civil aviation service has refused to name Russian carriers to conduct the regular flights to the Bulgarian Black Sea cities of Varna and Burgas, Russian newspaper Vedomosti wrote.

Business | December 16, 2003, Tuesday // 00:00 | Viewed: 657

Unpaid Taxes in Bulgaria Amount to BGN 1,7 B

Unpaid taxes in Bulgaria amount to BGN 1, 7 B the public tax bulletin for December revealed. It also shows that the number of tax debtors in Bulgaria has reached 4916.

Business | December 15, 2003, Monday // 00:00 | Viewed: 562

BTC Privatization Deal Inked by "2004"

Bulgaria's government will sign the privatization contract for a 65% stake in Bulgaria's dominant telecom carrier the Bulgarian Telecommunications Company (BTC) with US private equity firm Advent by the beginning of 2004, the country's Finance Minister Mi

Business | December 15, 2003, Monday // 00:00 | Viewed: 965

Bulgaria's Employer of 2003 Prizes Awarded

Bulgaria's Social Minister Hristina Hristova presented the prizes Employer of 2003 in Sofia on Monday. Employers were assessed in six categories and three awards were provided in each category.

Business | December 15, 2003, Monday // 00:00 | Viewed: 802

Ambassadors, Bulgarian Children Meet Santa Claus in PAIN D'OR

Santa Claus arrived in Sofia on Sunday with a balloon filled with hot air, choosing as his first stop Bulgaria's baked goods manufacturer Pain d'Or, where he was awaited by more than 120 children from the specialized school for children with damaged heari

Business | December 14, 2003, Sunday // 00:00 | Viewed: 1695

Sale-Consultant for Bulgaria's Tobacco Giant Picked End-January

The contest for a consultant on the sale of Bulgaria's tobacco giant Bulgartabac Holding will finish by the end of January, Economy Minister Lidia Shuleva said on Thursday. It will be the consultant's task to study investment projects of the future bidde

Business | December 14, 2003, Sunday // 00:00 | Viewed: 963

Bulgarian Urea Maker Chimco Due to Resume Work

Vratsa-based urea maker Chimco may resume part of its operations by the end of January 2004, the management of the company announced. Market for the output has already been secured, but the preparatory operations and repair works are delayed.

Business | December 13, 2003, Saturday // 00:00 | Viewed: 668

Bulgaria's N-Plant Revenues, Production Shrink

Projections set Bulgaria's Nuclear Power Plant Kozloduy electricity production at 16 billion kWh at the end of 2003, which marks a fall of some 3 billion kWh over the previous year, Yordan Kostadinov, Executive Director of the nuclear plant, announced.

Business | December 13, 2003, Saturday // 00:00 | Viewed: 1704

Bulgaria Bans Sale of Liquor in Plastic Bottles in 2005

A ban on the sale of hard liquor drinks in plastic bottles bigger than 0.2 litres will be imposed as of January 1, 2005 under amendments to the Excise Duty Act Parliament passed conclusively on Friday.

Business | December 12, 2003, Friday // 00:00 | Viewed: 516

Bulgaria Air Starts Direct Flights to Vienna

Bulgaria's flag carrier Bulgaria Air will carry its first direct flight to Vienna on December 15. The Sofia-Vienna-Sofia flight will be carried out three times a week, on Monday, Tuesday and Wednesday.

Business | December 12, 2003, Friday // 00:00 | Viewed: 2046

The Netherlands Allots EUR 2.2 M to Bulgaria's Customs

Bulgaria's Finance Minister Milen Velchev and the Netherlands' Ambassador to Sofia HE Baroness H.J.

Business | December 11, 2003, Thursday // 00:00 | Viewed: 598

GAUDI, Steven Leach to Build Sofia's First Fully Gas-Supplied Neighborhood

Bulgarian firm GAUDI and international company Steven Leach, specializing in office space planning and premises, won the tender for drawing up the project for building of the Town Center Sofia residential complex - Bulgarian capital's first fully gas-supp

Business | December 11, 2003, Thursday // 00:00 | Viewed: 1201

Bulyard, Navigation Maritime Bulgare Set Up Joint Venture

The Bulyard consortium, which won the tender for acquiring 75% of Bulgaria's Varna shipyard equity, and Navigation Maritime Bulgare signed the contact for the setting up of a joint venture with Varna shipyard assets. Earlier in the month it was announced

Business | December 11, 2003, Thursday // 00:00 | Viewed: 590

Sale-Consultant Contest for Bulgaria's Tobacco Giant Starts in Days

The contest for a consultant on the sale of Bulgaria's tobacco giant Bulgartabac Holding will start this week, Economy Minister Lidiya Shuleva said on Thursday. On Wednesday, MPs okayed the strategy for a piecemeal sale of the Holding.

Business | December 11, 2003, Thursday // 00:00 | Viewed: 877
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