Business

Four Bulgarian Bankrupt Banks on Sale in 2004

Four Bulgarian bankrupt banks - Capitalbank, Balkan Universal Bank, Slaviani TB and Crystalbank - will be put out for sale in 2004, as soon as their audit reports are ready, Chairman of the state Deposit Guarantee Fund Bisser Manolov, cited by local Capit

Business | December 20, 2003, Saturday // 00:00 | Viewed: 921

Busy Hotels Building on The Way in Famous Bulgarian Resort Bansko

Municipal Council in Bulgaria's famous winter resort Bansko designated some 800 decares for building of new hotels, and most of the plots have already been sold, mayor of the town Alexander Kravarov told Bulgaria's Dnevnik daily. In Kravarov's words, bot

Business | December 20, 2003, Saturday // 00:00 | Viewed: 851

Bulgaria Set for 4% Wages Increase in 2004

In 2004, the actual wages increase in Bulgaria is expected to amount to some 4%, the country's Finance Minister Milen Velchev told Sofia-based Darik radio on Saturday. Rapid credit growth is also expected to allay next year, the minister said.

Business | December 20, 2003, Saturday // 00:00 | Viewed: 751

Turkey's Sisecam Launches Glass Manufacturer Project in Bulgaria

Turkey's Sisecam launched its project for building a production line for flat glass in the Bulgarian town Targovishte, making the biggest greenfield investment in this field in the country. Geological studies were given the green light on Friday under a

Business | December 19, 2003, Friday // 00:00 | Viewed: 1169

Consultant Contest for Bulgaria's Tobacco Giant Subsidiaries On

Tobacco giant Bulgartabac officially launched the contest for a consultant on the sale of its subsidiaries. Bids can be submitted by Jan 26, 2004.

Business | December 19, 2003, Friday // 00:00 | Viewed: 1031

DaimlerChrysler to Upgrade Automobile Park of Bulgaria's Army

Automotive company DaimlerChrysler will modernize the automobile park of Bulgaria's army under a contract, signed between Bulgaria's Defense Minister Nikolay Svinarov and the head of the company's governmental programs department Hartmuth Kremer, on Frida

Business | December 19, 2003, Friday // 00:00 | Viewed: 1137

Bulgaria's GDP Up by 4.3% y/y

Bulgaria's GDP has gone up by 4.3% over the third quarter of 2003 as compared to the same period in 2002.

Business | December 19, 2003, Friday // 00:00 | Viewed: 1001

Bulgaria's Economy on the Rise

Bulgaria's economy marks a stable, upward tendency, however, that is not enough, the country's Economy Minister Lidia Shuleva told in an interview for local Darik Radio. She pointed out that the further boosting of the economy development should be accom

Business | December 19, 2003, Friday // 00:00 | Viewed: 828

Sony Ericsson T610 Named Bulgaria's Mobile of the Year

Sony Ericsson T610 is the 2003 winner in the mobile phones category of "Device of the year" contest. There were 23 categories in black and white goods contest.

Business | December 18, 2003, Thursday // 00:00 | Viewed: 1071

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: 561

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: 742

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: 634

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: 613

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: 575

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: 668

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: 764

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: 661

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: 565

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: 967

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: 805

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: 1697
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