Business

Bulgaria Ranked 2nd in Shadow Economy Index

Bulgaria ranked second among countries in Eastern and Central Europe in the index for shadow economy share in the country's gross domestic product (GDP), online version of the Business Global journal said Thursday. Shadow economy in Bulgaria has been con

Business | August 14, 2003, Thursday // 00:00 | Viewed: 506

Turkish Bidder Threatens Legal Action over Bulgaria's "Flawed" Telco Deal

The second bidder in Bulgaria's telcom privatisation Koc Holding/ Turk Telecom stated on Thursday that it still awaits official notification on the latest developments in the deal. In a letter circulated to Bulgarian media, the consortium insists that "th

Business | August 14, 2003, Thursday // 00:00 | Viewed: 454

Bulgaria Announced Encouraging Jobless Figures for July

Bulgaria currently enjoys the lowest level of unemployment in four years according to the Social Ministry. July's jobless figure is fixed at 13.

Business | August 14, 2003, Thursday // 00:00 | Viewed: 355

Four Documents Ratified with Viva Ventures over Bulgaria's Telco

Four documents were ratified between Viva Ventures, the first preferred buyer in the privatisation of the Bulgarian Telecommunications Company (BTC), and Bulgaria's Transport Ministry Wednesday evening. The signed papers include shareholders' agreement,

Business | August 14, 2003, Thursday // 00:00 | Viewed: 584

Bulgaria's Nuke Unit 5 Switched Off Grid

The 1,000 MW Unit Five at Bulgaria's nuclear power plant Kozloduy was switched off the energy grid Thursday for regular repair works. The operations of the unit will be suspended for eight days.

Business | August 14, 2003, Thursday // 00:00 | Viewed: 392

Supervisory Board of Bulgaria's Sales Body to Decide on Telco Deal

The Supervisory Board of Bulgaria's Privatisation Agency was to hold a meeting later on Thursday to discuss the decision of Viva Ventures, the first preferred buyer in the privatisation of the Bulgarian Telecommunications Company (BTC), to accept the cond

Business | August 14, 2003, Thursday // 00:00 | Viewed: 386

Viva Ventures Accepts Cabinet's Terms in Bulgarian Telco Deal

Viva Ventures, the first preferred buyer in the privatisation of the Bulgarian Telecommunications Company (BTC), announced on Wednesday that it would accept the conditions of Bulgaria's Cabinet. Last week the government recommended to the Privatisation A

Business | August 13, 2003, Wednesday // 00:00 | Viewed: 635

Bulgaria's Nuke Unit 5 to Be Switched Off Grid

The 1,000 MW Unit Five at Bulgaria's nuclear power plant Kozloduy, 200km north of Sofia, will be switched off the energy grid Thursday for regular repair works. Its operations will be suspended for eight days.

Business | August 13, 2003, Wednesday // 00:00 | Viewed: 1083

Subscription for Dollar ZUNKs Swap Opens in Bulgaria

Bulgaria's Finance Ministry will accept subscription applications for the swap of dollar-denominated ZUNK bonds into euro-denominated paper from August 15 till August 19.

Business | August 13, 2003, Wednesday // 00:00 | Viewed: 398

Bulgaria Projects 2003 Tourism Revenues at BGN 1,5 B

Some BGN 1, 5 B is expected to be the revenues from tourism activities this year, according to Deputy Economy Minister Dimitar Hadzhinikolov. Talking to local Info Radio, he stressed that the next two years will be of crucial importance to Bulgarian touri

Business | August 13, 2003, Wednesday // 00:00 | Viewed: 453

Viva Ventures Nears Bulgaria's Telco Deal Closing Day

The Privatization Agency is due to submit to Cabinet today a report on the negotiations on sweetening Viva Ventures bid for 65% stake in Bulgaria's dominant telecoms operator BTC.

Business | August 13, 2003, Wednesday // 00:00 | Viewed: 493

Hanke: Bulgaria's Economic Team Looks Like "Titanic"

Bulgaria's Finance Minister Milen Velchev did not pay attention to the fiscal reforms, he did not cut the corruption and Bulgaria's economic team looks like the "Titanic", said Steve H. Hanke, Professor of Applied Economics at the Johns Hopkins University

Business | August 12, 2003, Tuesday // 00:00 | Viewed: 454

Turkey's Tie-in Concluded Negotiations with IFC over Bulgaria's Telco

Turkish bidder in Bulgaria's telecom sale Koc Holding/Turk Telecom announced Tuesday that they have concluded negotiations with the International Finance Corporation (IFC), which is a part of the World Bank, over the Bulgarian Telecommunications Company (

Business | August 12, 2003, Tuesday // 00:00 | Viewed: 383

Bulgarian Shipyard Deal Suspended

Varna Shipyard sale procedure with the bidders Baker Investment and AKB Fores was cancelled on Tuesday. Under a scheme proposed by former Transport Minister Plamen Petrov, a joint company was to be set up between the shipyard owner - Navigation Maritime

Business | August 12, 2003, Tuesday // 00:00 | Viewed: 470

Viva Ventures Decides on Cabinet's Terms for Bulgaria's Telco in Time

Viva Ventures, the first preferred buyer in the privatization of the Bulgarian Telecommunications Company (BTC), will announce on Wednesday whether it will accept the recommendations of the Bulgarian Cabinet, local radio Info said. Viva Ventures' team an

Business | August 12, 2003, Tuesday // 00:00 | Viewed: 425

Bulgarian Power Utility Exports Cover 75% of Balkan's Electricity Deficit

Bulgaria's National Electricity Transmission Company (NETC) covers 75 percent of the electricity deficit on the Balkans, an official of the company announced Tuesday. NETC is currently exporting electricity to Greece, Serbia and Montenegro, Macedonia and

Business | August 12, 2003, Tuesday // 00:00 | Viewed: 588

Steel Maker, Bulgarian Railways Agree on Freights Transport

Following ten months of negotiations Kremikovtzi steel maker and the Bulgarian State Railways (BDZ) signed Monday evening a contract on the tariffs of freights transportation. The accord will be backdated September 30, 2002, Deputy Transport Minister Niko

Business | August 12, 2003, Tuesday // 00:00 | Viewed: 472

Consumer Prices in Bulgaria Mark 0,9% Inflation in July m/m

Bulgaria's Consumer Prices Index (CPI) recorded an inflation of 0.9 percent in July as compared to June, Bulgaria's National Statistics Institute announced on Tuesday.

Business | August 12, 2003, Tuesday // 00:00 | Viewed: 478

Bulgarian Cosmetics Company Rubella Made Breakthrough on US Market

Bulgarian cosmetics company Rubella stepped successfully on the US market as its new line of facial creams Deva gained a wide recognition on the international fair Cosmoprof North America. This was the first time that the prestige event took place in the

Business | August 12, 2003, Tuesday // 00:00 | Viewed: 2378

Bulgaria Hopes to Close Telco Deal till September

A top official in Sofia sees no hurdles for Bulgaria to clinch better conditions in its telecom privatization deal. The government has recently given the first preferred buyer -- Viva Ventures -- the chance to improve its bid.

Business | August 12, 2003, Tuesday // 00:00 | Viewed: 367

Brussels Aborts Construction of Purifying Facilities in Bulgaria

The European Commission (EC) halted the tender procedures for construction of purifying stations in the Bulgarian towns of Stara Zagora and Dimitrovgrad, Dnevnik daily reported. This news was published in the official bulletin of the Commission end-July.

Business | August 12, 2003, Tuesday // 00:00 | Viewed: 592
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