Business

EBRD: Economies in Eastern Europe Develop Fast

Economic growth in the countries in Eastern Europe is outpacing much of the rest of the world, but are still lagging behind in the field of regional cooperation, according to the annual report by the European Bank for Reconstruction and Development (EBRD)

Business | November 18, 2003, Tuesday // 00:00 | Viewed: 663

Bulgaria, Albania Set to Boost Tourism Cooperation

There is great potential for further cooperation between Bulgaria and Albania in the field of tourism, Bulgarian President Georgi Parvanov and Albania's Prime Minister Fatos Nano have concluded during their meeting in Sofia Monday. Transportation, defenc

Business | November 17, 2003, Monday // 00:00 | Viewed: 795

Wind Power Generator Installed in Bulgaria

An experimental wind power generator has been installed near the small Bulgarian town of Staro Selo, online version of local Dnevnik daily wrote Monday. The facility's testing period expands to March 2004, and after that the company which installed the g

Business | November 17, 2003, Monday // 00:00 | Viewed: 1330

Third "Bulgaria Dream Area" Forum Takes Place Jan 2004

The third International Conference on Tourism "Bulgaria Dream Area" will take place at Sofia's Sheraton Hotel on January 8 and 9 next year, it became clear at Monday's meeting of the conference's Program Council. Its members gathered to discuss the forthc

Business | November 17, 2003, Monday // 00:00 | Viewed: 593

Controversial Bulgarian TV Channel Awaits Court Ruling

The Den TV channel will be allowed to continue broadcasting till the court comes up with a decision on the complaint against the revocation of the registration of Union Television, operator of the channel, Council for Electronic Media (CEM) announced.

Business | November 17, 2003, Monday // 00:00 | Viewed: 682

IMF Requires Transparency in Bulgaria's 2004 Budget

Bulgaria's budget for 2004 should be transparent, the costs should be recorded as costs, financing - as financing, the leader of IMF mission in Bulgaria, Jerald Schiff, said after his Monday meeting with Bulgaria's Finance Minister Milen Velchev. IMF con

Business | November 17, 2003, Monday // 00:00 | Viewed: 506

Bulgaria To Apply for EUR 160 M under PHARE Program

Bulgaria will apply for financing of projects worth EUR 160 M together with Macedonia, Serbia and Monte Negro, Turkey, Greece and Romania under the PHARE program for Transborder Cooperation over the period of 2004 to 2006, the director of the PHARE Execut

Business | November 16, 2003, Sunday // 00:00 | Viewed: 590

Bulgaria's Flag Carrier Marks 13,6% Jan/Sep Revenues Increase

Bulgaria's flag carrier Bulgaria Air marked a 13,6% increase in its revenues over the first nine months of 2003. The revenues of the company amounted at BGN 55,829, Bulgaria's Deputy Transport Minister Krassimira Martinova announced Sunday.

Business | November 16, 2003, Sunday // 00:00 | Viewed: 587

Bulgaria Transport Minister to Restructure BTC

Bulgaria's Transport Minister Nikolay Vassilev said that if the privatisation deal over Bulgaria's Telecommunication Company (BTC) is not executed within a reasonable term he will offer a plan for restructuring of the company. Vassilev explained that the

Business | November 15, 2003, Saturday // 00:00 | Viewed: 536

WB to Allot USD 60 M Credit for Bulgaria's Infrastructure

The World Bank (WB) is expected to allot a USD 60 M credit to Bulgaria for the reconstruction of 400km of the country's secondary roads, Palev Dikovski, director of the Roads agency announced Saturday. The ratification of the contract would take place in

Business | November 15, 2003, Saturday // 00:00 | Viewed: 539

Increased Taxes Collection in Bulgaria Due to "Hard Measures"

Increased taxes collection in Bulgaria is due to the hard measures undertaken, Bulgaria's Finance Minister Milen Velchev told local Darik radio. He added that the increase is a great achievement for an economy with 3% inflation.

Business | November 15, 2003, Saturday // 00:00 | Viewed: 937

"World's Best Speaker" Made Pioneer Presentation in Bulgaria

Corporate consultant Nigel Risner, who has just been voted Speaker of the Year by the Academy of Chief Executives, made Friday his first ever presentation to the Bulgarian audience. The event, which was organized by leading Bulgarian PR company M3 Commun

Business | November 14, 2003, Friday // 00:00 | Viewed: 754

Bulgaria's Budget Overperformance Should be Spent "Cautiously"

The greatest part of the overperformance in revenues of Bulgaria's budget 2003 is due to the increased imports and that could cause some problems for the country's economy, Jerald Schiff, leader of the International Monetary Fund (IMF) mission to Bulgaria

Business | November 14, 2003, Friday // 00:00 | Viewed: 590

Austria's Strabag Gets EUR 4.8 M More for Sofia Airport

The price of the project for the construction of Sofia Airport terminal and runway by Austria's Strabag tie-in will be increased by EUR 4.8 M, it emerged at the meeting of Deputy Prime Minister and Transport Minister Nikolay Vassilev with representatives

Business | November 14, 2003, Friday // 00:00 | Viewed: 691

WB Advises Bulgaria on Business Climate Improvement

Country Manager of the World Bank for Bulgaria Oscar de Bruyn Kops introduces Friday a report on institutional impediments to investment and growth in Bulgaria, as well as in Albania, Bosnia and Herzegovina, Croatia, Macedonia, Moldova, Romania, and Serbi

Business | November 14, 2003, Friday // 00:00 | Viewed: 672

Bulgaria "Top Tourism Destination" to the UK

Bulgaria's Black Sea coast came out to be a top destination for UK tourists, British newspaper The Evening Standard, cited by Bulgaria's Dnevnik daily, wrote. According to the article, the Bulgarian coastal resorts have become highly competitive over the

Business | November 14, 2003, Friday // 00:00 | Viewed: 602

Bulyard Tie-in Transfers USD 1 M of Guarantee to Navigation Marine Bulgare

The Bulyard consortium, which won the tender for acquiring 75% of Bulgaria's Varna shipyard equity, will transfer USD 1 M in advance to Navigation Marine Bulgare, NMB chair of the Board of Directors Kamen Kirov announced.

Business | November 13, 2003, Thursday // 00:00 | Viewed: 475

Bulgaria's Steel Maker Signs EUR 1 B Contract

Bulgarian Kremikovtzi steel maker is to sign a EUR 1 B contract with the Italian Marcegaglia company on Friday, Valentin Zahariev, Kremikovtzi's director announced Thursday.

Business | November 13, 2003, Thursday // 00:00 | Viewed: 762

EC Lends Hand in Bulgaria's Fraud Fight

The European Commission will release to Bulgaria EUR 522,446 under a PHARE program for fight against frauds. The project will be co-financed by Bulgaria with EUR 26, 122.

Business | November 13, 2003, Thursday // 00:00 | Viewed: 840

Bulgaria's "Best Young Entrepreneur" Known Today

The winner of the Best Young Entrepreneur 2003 contest, organized by the Bulgarian-American Investment Fund, will became known on Thursday. The competition kick-started in July, and presentations of the participants - aged 18 to 29 - have been evaluated b

Business | November 13, 2003, Thursday // 00:00 | Viewed: 547

Bulgaria Increases Cigarettes Excise

Bulgaria's parliament approved the amendments to the excise law that would lead to increase of the excise duty on the cigarettes and a decrease of the cigars excise.

Business | November 12, 2003, Wednesday // 00:00 | Viewed: 650
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