Business

6% of Bulgarian SMS Enterprises Bribe to Clinch Deals

Bribes were paid by 6 percent of Bulgaria's small-size enterprises that clinched public procurements, a survey of NGO Coalition 2000 shows. Mere 18 percent of businessmen in the country say they would never pay, the research also indicates.

Business | June 18, 2003, Wednesday // 00:00 | Viewed: 559

Bulgaria Expects Turkey to End Haulage Permits Obstruction

Turkey assured Bulgaria's Transport Ministry that it would put an end to the troubles of Bulgarian transport firms encountered while obtaining Turkish haulage permits. Bulgarian Deputy Transport Minister Lyubomil Ivanov now hopes that some 2,000 permits w

Business | June 18, 2003, Wednesday // 00:00 | Viewed: 563

WB Supports Bulgaria's District Heating System

The World Bank's Board of Executive Directors approved the District Heating Project in Bulgaria, which will improve district heating services in the capital of Sofia and the town of Pernik. Under the project, Toplofikacia Sofia will receive a USD 27.

Business | June 18, 2003, Wednesday // 00:00 | Viewed: 887

President Awards Bulgaria's Bank of the Year June 25

Bulgaria's bank of the year is to be announced by Pari Daily at a ceremony at Hilton Sofia June 25.

Business | June 17, 2003, Tuesday // 00:00 | Viewed: 511

Crown Agents Chief Praised Bulgarian Customs Management

There is significant progress in Bulgaria's customs administration over the last few months, the board chairman of Crown Agents in Bulgaria said Tuesday. The British consultancy Crown Agents was hired to conduct reforms in Bulgarian customs system.

Business | June 17, 2003, Tuesday // 00:00 | Viewed: 519

Two Candidates Only for Governor of Bulgaria's Central Bank

There won't be a third candidate for Governor of the Bulgarian National Bank, Plamen Panayotov, floor leader of ruling Simeon II National Movement and Ahmed Dogan, leader of ruling coalition ally the Movement for Rights and Freedoms, told after they recei

Business | June 17, 2003, Tuesday // 00:00 | Viewed: 573

20% of Bulgaria's State Insurance Institute Listed on Stock Exchange

A twenty-percent stake in Bulgaria's State Insurance Institute DZI will be sold on the local bourse end-June, Dimitar Aleksandrov of United Bulgarian Bank said Tuesday. The sale was included in the country's 2002 annual list of non-cash privatisation dea

Business | June 17, 2003, Tuesday // 00:00 | Viewed: 621

Purchase of 50% of Bulgartabac Output "Must be Guaranteed"

The purchase of some 50-60% of Bulgartabac output should be guaranteed to the future owners, Bulgartabac Holding Executive Director Georgi Kostov said.

Business | June 17, 2003, Tuesday // 00:00 | Viewed: 613

Seven Bulgarian Tax Debtors Banned from Foreign Trips

Seven of the 2500 major tax debtors will be stripped of their travel passports. Police is now entitled to handle their cases.

Business | June 16, 2003, Monday // 00:00 | Viewed: 417

Unemployment in Bulgaria Goes On Dropping

The unemployment in Bulgaria continues to drop nearing 15 percent, the executive director of Bulgaria's Employment Agency Tsveta Nanyova said Monday.

Business | June 16, 2003, Monday // 00:00 | Viewed: 531

Offers for Bulgaria's MobilTel Accepted till Jun 19

The offers for the purchase of Bulgarian GSM operator MobilTel should be submitted till June 19 to the office of Citibank - London, Vienna weekly Format reported. Currently the leading GSM provider in Bulgaria is owned by Austrian businessmen.

Business | June 15, 2003, Sunday // 00:00 | Viewed: 612

US Companies Look into Balkan Oil Project

US companies have shown huge interest in the Burgas-Alexandroupolis oil pipeline according to Bulgaria's Minister of Regional Development and Public Works Valentin Tserovski.

Business | June 15, 2003, Sunday // 00:00 | Viewed: 690

Canada Investigates Bulgarian Firms over Steel Dumping

The Canada Customs and Revenue Agency has begun a formal investigation into alleged dumping of steel plate from Bulgaria, imports that have been blamed for recent layoffs at Stelco Inc. and Algoma Steel Inc, the Canada Dot Com reported.

Business | June 15, 2003, Sunday // 00:00 | Viewed: 642

Koc: Bulgaria's Telco Deal Could Be Complete in 15 Days

The privatisation deal for the Bulgarian Telecommunications Company (BTC) could be completed within fifteen days, said the president of Koc Holding, the bidder that recently started talks for a sale contract.

Business | June 15, 2003, Sunday // 00:00 | Viewed: 601

"No Talks" Are Held to Turn Varna Shipyard into NATO Base

Bulgaria's economy minister denied that consultations are being held to turn the Varna Shipyard into NATO base. Commenting on talk that the sale of the shipyard was delayed over such negotiations, Economy Minister Nikolay Vassilev told the Dnes+ news age

Business | June 15, 2003, Sunday // 00:00 | Viewed: 666

Economy Minister Ordered Check of "Bad" Plant Management

Bulgaria's Economy Minister Nikolay Vassilev ordered an inspection in a Bulgarian plant where the workers protest claiming the leadership wants the enterprise to go bankrupt. Independent experts will be dispatched to the plant for steel-and-concrete cons

Business | June 14, 2003, Saturday // 00:00 | Viewed: 454

Bulgaria Set To Boost Product Deliveries to UN

Bulgaria has made deliveries to the United Nations worth mere USD 200,000 although the organization invites tenders for USD 4 M every year. To boost the participation of the Bulgarian firms in such tenders, the government organized a special seminar that

Business | June 14, 2003, Saturday // 00:00 | Viewed: 423

No Decision Yet over Bulk or Piecemeal Sale of Bulgaria's Bulgartabac

The ruling majority remains undecided over the format of the sale of Bulgaria's tobacco monopoly Bulgartabac, it emerged Friday.

Business | June 13, 2003, Friday // 00:00 | Viewed: 906

Sofia Offers Ankara Changes in Power Supply Accord

Bulgaria's National Electricity Transmission Company sent Thursday proposals for amendments to the agreement for Bulgarian electricity exports to Turkey. The reply of its Turkish counterpart TETAS is expected within three days.

Business | June 13, 2003, Friday // 00:00 | Viewed: 503

Hanke: Election of Bulgaria's Central Bank Governor Storm in Teacup

The delay in electing new governor of the Bulgarian National Bank may turn out to be a storm in a teacup because of the political unrest, said Steve H. Hanke, Professor of Applied Economics at the Johns Hopkins University in Baltimore and advisor to forme

Business | June 13, 2003, Friday // 00:00 | Viewed: 814

Japanese, US Company to Build New Thermal Plant in Bulgaria

Japanese Mitsubishi Heavy Inc. and US company Access International Inc have been given the greenlight to construct a new thermal power plant in Pleven, Northern Bulgaria, some 200 kilometers from Sofia.

Business | June 13, 2003, Friday // 00:00 | Viewed: 669
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria