Business

WB Allots Bulgaria USD 42 M for Forest Campaign Launch

The World Bank (WB) would allot a long-term loan of USD 42 M to Bulgaria for the launch of a National Forest Campaign, representative of the National Forest Assosiation Iliya Simeonov said. A total of 7,000 people working in the forestry would be involve

Business | October 21, 2003, Tuesday // 00:00 | Viewed: 594

Bulgaria's Transport Minister Puts Ultimatum on Telco Sale

In a statement due to take place after Bulgaria's municipal elections the country's Transport Minister Nikolay Vassilev would put an ultimatum on the privatization deal over a 65-percent stake in the state telecommunications company BTC, local radio Info

Business | October 21, 2003, Tuesday // 00:00 | Viewed: 500

Bulgaria Nets USD 250 M a Year from Arms Exports

Bulgaria's annual arms exports are worth USD 240-250 M according to the country's arms trade control secretary.

Business | October 20, 2003, Monday // 00:00 | Viewed: 560

Italian Investors Eye Bulgaria's Real Estate Market

Leading Italian companies show interest in investing in Bulgarian real estate properties, it emerged during the talks of the business delegation, which accompanied Italian Deputy Prime Minister Gianfranco Fini on his visit to Bulgaria.

Business | October 20, 2003, Monday // 00:00 | Viewed: 854

Bulgaria's Gross Foreign Debt Up y/y

Bulgaria's gross foreign debt amounted to USD 11.832 B end-August, which accounts for 62.

Business | October 20, 2003, Monday // 00:00 | Viewed: 540

Bulgarian Mobile Operator to Be Sold in 2004

A stake in MobilTel, one of Bulgaria's two mobile operators, will be sold at the beginning of next year at the latest, local Dnevnik daily wrote October 20. So far Telecom Austria, Vodafone (UK), Telenor (Norway), TeliaSonera (Finland) and Orange have be

Business | October 20, 2003, Monday // 00:00 | Viewed: 512

Italian Companies to Explore Bulgarian Market

Fifty company leaders from Northern Italy will meet in Sofia with Bulgarian firm managers to explore local market and discuss possible business cooperation.

Business | October 20, 2003, Monday // 00:00 | Viewed: 465

US Company Interested in Sofia-Burgas Highway Construction

The US company Bechtel showed great interest in investmenting in Bulgarian infrastructure projects, Bulgaria's Finance Minister Milen Velchev announced upon his meeting with representatives of the company. He explained that Bechtel is interested mostly in

Business | October 19, 2003, Sunday // 00:00 | Viewed: 590

New Program Offers Work to Bulgarians in the Czech Republic

Bulgarians can apply for work in the Czech Republic through a new program, Czech Ambassador to Bulgaria Petr Dokladal said on Sunday. He explained that applications could be submitted at the Czech Embassy in Sofia.

Business | October 19, 2003, Sunday // 00:00 | Viewed: 592

Bulgaria "Last" in Europe's Residential Areas Prices Ranking

Bulgaria occupies the last place in Europe's ranking on price of residential areas, Dian Kavrakov, CEO of ADIS (Domestic Diplomatic Properties Agency) told local bTV channel. He added that a major increase on Bulgaria's real estate market could be expecte

Business | October 19, 2003, Sunday // 00:00 | Viewed: 705

Bulgaria's Shipyard Launches 1st New Ship in Years

Varna Shipyard situated in Bulgaria's biggest coastal city launched on Sunday its first new ship produced since its bankruptcy in 1998, Bulgaria's Transport Ministry announced. The 42,000-toned ship was officially named after one of Bulgaria's Stara Plan

Business | October 19, 2003, Sunday // 00:00 | Viewed: 1443

Bulgaria Keeps On Supplying Turkey with Power

The 1998 intergovernmental power-for-infrastructure agreement between Bulgaria and Turkey would continue to be executed despite the fact that some parameters could be changed, Bulgaria's Energy Minister Milko Kovachev said in an interview for local Nova T

Business | October 18, 2003, Saturday // 00:00 | Viewed: 456

Bulgaria's 2004 Profit Tax to be Decreased to 20%

Bulgaria's profit tax could be decreased to 20 or 22 percent in 2004, the country's Finance Minister Milen Velchev said when presenting Bulgaria's business opportunities to leading American investors in the finance corporation JP Morgan. Velchev explaine

Business | October 18, 2003, Saturday // 00:00 | Viewed: 477

Ranking in Bulgaria's Shipyard Tender Clear in Week

By the end of the next week the ranking of the bidders in the tender invited over a 75-stake in the Varna shipyard in the country's biggest coastal city will be clear, Bulgaria's Transport Minister Nikolay Vassilev said Saturday. He explained that a five

Business | October 18, 2003, Saturday // 00:00 | Viewed: 458

Sale Procedure for Bulgaria's Power Utilities Kicks Off in Days

The privatisation procedure for Bulgaria's seven power utilities would start in just a few days, the country's Energy Minister Milko Kovachev announced Saturday. Kovachev took part in a round table dedicated to Bulgaria's energy.

Business | October 18, 2003, Saturday // 00:00 | Viewed: 497

Over BGN 200 Allotted for Environmental Projects in Bulgaria

Over BGN 200 M would be allotted for different ecological projects in Bulgaria from the 2004 budget, the country's Environment Minister Dolores Arsenova said in Bulgarian town of Veliko Turnovo on Saturday. She added that over BGN 100 M gathered from tax

Business | October 18, 2003, Saturday // 00:00 | Viewed: 462

Future EU Entry Offers New Chances to Bulgarian Business

Bulgaria's future entry in the European Union (EU) would bring new challenges to the country's business, a congratulating address of Bulgaria's President Georgi Pravanov read at the opening of the Second National Congress of the Union of commercial initia

Business | October 18, 2003, Saturday // 00:00 | Viewed: 493

Bosses Face Action over Tax-Indebted Bulgarian Employees

Bulgarians who have defaulted on real estate, vehicle and waste tax payments face distrain upon their salaries and bank accounts, the country's tax administration announced.

Business | October 17, 2003, Friday // 00:00 | Viewed: 701

Bulgaria to Build Danube Bridge 2 by 2007

The construction of a second bridge at Danube in its Bulgarian part will be finished by the end of 2007. The work on the bridge that will connect Vidin on the Bulgarian bank and Kalafat in Romania are expected to start next year.

Business | October 17, 2003, Friday // 00:00 | Viewed: 562

WB Loan Boosts Modernization of Bulgarian Metalworking Plant

The World Bank-linked International Finance Corporation agreed to allot a USD 22 M loan for the modernization of Bulgaria's Stomana-Pernik metalworking plant, which is the country's second largest metal goods producer and metal-processor.

Business | October 17, 2003, Friday // 00:00 | Viewed: 611

British-American Tobacco Confirms Interest in Bulgaria's Bulgartabac

World tobacco mastodon British-American Tobacco has confirmed its interest in the privatisation of tobacco giant Bulgartabac, it emerged at the meeting of Deputy Economy Minister Dimitar Ivanovski and Bulgartabac Holding Executive Director Iliya Kaloferov

Business | October 16, 2003, Thursday // 00:00 | Viewed: 2635
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