Business

"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: 670

Iraq's Oil Returned to World Market

Iraq's oil returned to the world market, after its sale on international markets was halted following the suspension of the UN oil-for-food program at the beginning of March shortly before the war.

Business | June 13, 2003, Friday // 00:00 | Viewed: 596

Bulgaria Ups Threshold for Traveler Cash with Unproved Origin

Bulgaria upped the threshold beyond which travellers should prove the origin of their cash upon entering the country. Amendments to the Currency Act passed by the Parliament in Sofia allow up to BGN 25,000 of unaccounted cash.

Business | June 12, 2003, Thursday // 00:00 | Viewed: 538

Bulgaria's Customs Revenues Total BGN 1.2 B Jan-May

Bulgaria's customs revenues reached BGN 1.234 B in January-May 2003, the country's Customs Agency reported Thursday.

Business | June 12, 2003, Thursday // 00:00 | Viewed: 506

Socialists Want New Candidacy for Bulgaria's Central Bank Governor

The Bulgarian Socialist Party calls for a new candidacy for Governor of the Bulgarian National Bank (BNB), that will enjoy a broad consensus, it emerged after the meeting of Socialist leader Sergey Stanishev and chairman of the parliamentary group of Sime

Business | June 12, 2003, Thursday // 00:00 | Viewed: 510

PM Backs Budget Commission Chair for Bulgaria's Central Bank Governor

Prime Minister Simeon Saxe-Coburg supports the candidacy of Ivan Iskrov, chairman of the parliamentary commission on budget and finance, for the post of Governor of the Bulgarian National Bank, Finance Minister Milen Velchev said after his meeting with th

Business | June 11, 2003, Wednesday // 00:00 | Viewed: 477

Protestors at Idle Defence Plant Seek Bulgarian Parliament's Help

Nearly 1000 workers at idle Turgovishte-based defence plant TEREM continued their protests Wednesday and signed a petition to Bulgarian Parliament, President Parvanov and Prime Minister Simeon Saxe-Coburg demanding that their outstanding wages be paid.

Business | June 11, 2003, Wednesday // 00:00 | Viewed: 424

Bulgaria's Deputy PM Forecasts Zero Inflation End-Summer

Consumer prices index will record a zero inflation by the end of the summer, Deputy Prime Minister and Economy Minister Nikolay Vassilev said at a meeting with representatives from the big and medium-sized enterprises in Sofia area.

Business | June 11, 2003, Wednesday // 00:00 | Viewed: 503

Consumer Prices in Bulgaria Mark 0.6 % Deflation in May m/m

Bulgaria's Consumer Prices Index (CPI) recorded a deflation of 0.6 percent in May compared to April 2003, Bulgaria's National Statistics Institute announced Wednesday.

Business | June 11, 2003, Wednesday // 00:00 | Viewed: 512

New Decision Likely in Bulgaria's Talks with Turkey

Regional Development Minister Valentin Tserovski did not rule out the possibility of reaching a new decision during talks with Turkey over suspended electricity supplies. A new decision may be reached in ten days, Minister Tserovski said talking to priva

Business | June 11, 2003, Wednesday // 00:00 | Viewed: 576

LUKoil Opens 90th Pump Station in Bulgaria

LUKoil, one of the biggest investors in Bulgaria, is to open today the ninetieth pump station in Bulgaria. The facility is located in Sofia residential district of Dragalevtsi.

Business | June 11, 2003, Wednesday // 00:00 | Viewed: 538

Bulgarian Flag Carrier Leased Jet for Black Sea Charter Flights

The newly set-up flag carrier Bulgaria Air presented Tuesday its fourth jet. The Boeing 737-300 will make charter flights to European destinations.

Business | June 10, 2003, Tuesday // 00:00 | Viewed: 922

Top Officials Join Bulgaria's Businessmen at Project Management Conference

World Bank's Country Manager to Bulgaria Oscar de Bruyn Kops opened Tuesday the country's first national conference on project management.

Business | June 10, 2003, Tuesday // 00:00 | Viewed: 943

Over 100 UK Companies Flock to Investment Forum on Bulgaria

Over 100 British companies that show investment interest in Bulgaria will take part in a forum entitled "Bulgaria: the New Destination of European Investments." The conference is organized by Bulgaria's Agency for Foreign Investments and the trade service

Business | June 10, 2003, Tuesday // 00:00 | Viewed: 688

Ruling Coalition Partner Backs Court to Lift No-entry Ban on Chorny

In defiance of ruling Simeon II National Movement, Ahmed Dogan, leader of junior coalition partner the Movement for Rights and Freedoms, called "competent" the ruling of Sofia City Court to lift the no-entry ban imposed on controversial businessman Michae

Business | June 10, 2003, Tuesday // 00:00 | Viewed: 501
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