Business

Bulgaria to Improve Investments Stimulus

Bulgarian Cabinet is currently working on a new investments stimulating bill, Bulgaria's Economy Minister Nikolay Vassilev said Friday. The new law aims at equalizing Bulgarian and foreign investors, Vassilev added.

Business | June 6, 2003, Friday // 00:00 | Viewed: 465

Bulgaria's Varna Airport Traffic Increases

More than 20 thousand passengers arrived at Bulgaria's Varna airport in the first four days of June, officials from Bulgaria's Transport Ministry said Friday. This indicates a significant increase of air traffic to Bulgaria's main Black Sea city of Varna

Business | June 6, 2003, Friday // 00:00 | Viewed: 801

Bulgaria Gets EUR 450 M After Power Utilities Sale

Bulgaria will receive about EUR 450 M after the sale of the country's seven power distribution utilities, Bulgaria's Energy Minister said Thursday. Bidders for the 67-percent stakes in the utilities have to be experienced in power distribution and have c

Business | June 6, 2003, Friday // 00:00 | Viewed: 472

World Bank Allots EUR 31.9 M Loan to Bulgaria

World Bank has allotted Bulgaria EUR 31.9 M loan aiming at assisting the reform in Bulgaria's revenue administration.

Business | June 6, 2003, Friday // 00:00 | Viewed: 422

Moody's Upgraded Bulgaria's Credit Rating

One of the most influential rating agencies Moody's upgraded Bulgaria's credit rating in foreign currency from B1 to Ba2 Thursday. Bulgarian Parliament's foreign and local currency credit rating is also upgraded to Ba1.

Business | June 5, 2003, Thursday // 00:00 | Viewed: 539

Trial Over Scrapped BTC Deal Started

Bulgaria's Supreme Administrative Court started Thursday hearing of the case for the scrapped sale of a 65-percent stake of Bulgarian Telecommunications Company (BTC) to US firm Advent. The firm's leadership lodged the complaint after the sale of the 65-

Business | June 5, 2003, Thursday // 00:00 | Viewed: 520

Bulgaria Increased Tariffs of Some Agricultural Goods

Bulgaria's Cabinet temporarily increased the tariffs of some agricultural import goods, Bulgaria's Economy Minister Nikolay Vassilev said Thursday.

Business | June 5, 2003, Thursday // 00:00 | Viewed: 432

Bulgarian Company Gets International Quality Certificate

Independent risk management organization Lloyd's Register granted Bulgarian packaging glass manufacturer Stind ISO 9001:2000 quality certificate Thursday. Stind's ambition is to constantly improve its products' quality, put new technologies into operati

Business | June 5, 2003, Thursday // 00:00 | Viewed: 952

Allocated EU Financial Aid to Bulgaria Up by 20%

The European Union will allocate Bulgaria 20 percent more than the 2003 EUR 52 M financial aid, Deputy Environment Minister Georgieva said June 5.

Business | June 5, 2003, Thursday // 00:00 | Viewed: 959

Bulgaria's Central Bank Governor "Elected by June 11"

The new governor of Bulgaria's National Bank should be elected by June 11 when the mandate of the current BNB governor Svetoslav Gavriiski ends, Parliamentary Speaker Ognyan Gerdzhikov said Thursday. He added that it would be better if the new governor i

Business | June 5, 2003, Thursday // 00:00 | Viewed: 409

Discontinued Deal over Bulgaria's Tobacco Heavyweight "Positive" for Cabinet

The discontinued deal for Bulgaria's tobacco monopoly Bulgartabac is positive for the Bulgarian Cabinet. Bulgaria's Agriculture Minister Mehmed Dikme said this Thursday.

Business | June 5, 2003, Thursday // 00:00 | Viewed: 1156

Cisco Systems Teams up with Int'n'l Telecom Union

Cisco Systems, worldwide leader in networking for the Internet, presented the development of the global initiative for encouraging the education of the employees in the telecommunication companies for information technologies.

Business | June 4, 2003, Wednesday // 00:00 | Viewed: 532

Delay in Electing Central Bank Governor Will Do "No Harm"

The delay in electing successor of the Bulgarian National Bank Governor will not hurt the work of the institution, Finance Minister Milen Velchev said upon his return from Sweden.

Business | June 4, 2003, Wednesday // 00:00 | Viewed: 455

Turkey "Forced" into Foreign Energy Dependence

Turkey has been forced into foreign energy dependence in the years of 1994/ 1998, Turkish Milliyet newspaper cited Wednesday Hilmi Guler, Turkish Minister of Energy & Natural Resources. At a June 3 meeting of the Turkish parliamentary commission dealing

Business | June 4, 2003, Wednesday // 00:00 | Viewed: 619

Greece's National Bank Governor: Bulgarian Market is of Crucial Importance

National Bank of Greece (NBG) Governor and Chairman of the United Bulgarian Bank Board of Directors Theodore Karatzas presented Wednesday NBG's activity and prospects for cooperation in Bulgaria. The Bulgarian market is proving to be one of crucial impor

Business | June 4, 2003, Wednesday // 00:00 | Viewed: 1071

Forum on Energy Efficiency Opens in Sofia

The second international conference on energy efficiency and recyclable energy resources will be opened today by Energy Minister Milko Kovachev. Opportunities for investing in energy efficiency projects will be discussed at the forum.

Business | June 4, 2003, Wednesday // 00:00 | Viewed: 461

Over 70 Turkish Companies Join Balkan Expo 2003

The 10th edition of Turkish producers Balkan Expo 2003 opens June 4 to display products of the textile, paper, packaging and construction industry. Over 70 Turkish companies take part in the exhibition to close June 10.

Business | June 4, 2003, Wednesday // 00:00 | Viewed: 501

Sofia, Ankara Resume Talks over Cut Power Supply June 9

A Bulgarian delegation, headed by Energy Minister Milko Kovachev and Regional Development Minister Valentin Tserovski, will leave for Ankara next Monday to resume talks over the 1998 intergovernmental agreement power-for-infrastructure. Negotiations, ini

Business | June 3, 2003, Tuesday // 00:00 | Viewed: 564

Bulgarian National Bank Governor to Run for Second Term

Bulgarian National Bank Governor Svetoslav Gavriiski announced Tuesday he would run for a second six-year term.

Business | June 3, 2003, Tuesday // 00:00 | Viewed: 832

Turkey's Tie-in Declares Origin of Money for Bulgaria's Telco

Turkey's consortium Koc Holding/Turkish Telecom has submitted a declaration of the origin of money they will pay for the Bulgarian Telecommunications Company (BTC) in the event of successful completion of negotiations with the Bulgarian government.

Business | June 3, 2003, Tuesday // 00:00 | Viewed: 557

Bulgaria's Central Bank Launches RINGS Settlement System

The Bulgarian National Bank put into operation Tuesday the Real-time Interbank Gross Settlement System (RINGS), bringing to an end one of the most complex reforms in Bulgaria - the reform of the payment system. The first to use RINGS was Citibank.

Business | June 3, 2003, Tuesday // 00:00 | Viewed: 3892
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