Canada's Dundee Precious Acquisition to Invest USD 45 M in Bulgarian Gold Mine
Canada's Dundee Precious Acquisition Inc. announced it will invest USD 45 M to put into operation Ada Tepe gold mine, located near Krumovgrad.
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Deal for Bulgaria's DSK Bank Inked
Bulgaria's Finance Minister Milen Velchev and Dr Sandor Csanyi, Chief Executive Officer and Board of Directors Chairman of Hungary's National Savings and Commercial Bank (OTP), Tuesday signed a contract for privatization of a 100 per cent stake in Bulgari
Sofia Set to Keep Budget Discipline Strict
Bulgaria must keep strict its budget discipline even after the current stand-by arrangement with the International Monetary Fund expires in February 2004, President Parvanov said at his meeting with Jerald Schiff, head of the International Monetary Fund's
Romania Overshadowed by Bulgaria's Performance under IMF Deal
A Romanian newspaper raised an alarm Tuesday over the country's relations with the International Monetary Fund as compared with well-performing neighboring Bulgaria.
Bulgaria's Flag Carrier Gets Ahead of Lufthansa in Ticket Sales
Bulgaria's flag carrier Bulgaria Air ranked first in ticket sales during the second half of April 2003, outstripping Germany's Lufthansa, data released by IATA BSP shows. In February Lufthansa topped the ranking, followed by Bulgaria Air, in selling tick
Italy's Beretta Seeks Bulgarian Partners
Representatives of Italian company Beretta, which manufactures and markets a complete line of firearms and firearms accessories worldwide, arrived May 20 on a working visit to Bulgaria to find out opportunities for cooperation with Bulgarian companies in
Bulgaria, Canada Aim to Improve Business Contacts
Canadian business delegation, which arrived May 18 on a working visit to Bulgaria, is scheduled to meet Bulgaria's Deputy Prime Minister and Economy Minister Nikolay Vassilev May 20. Minister Vassilev will meet the head of the delegation the Canadian Sec
Sale Format of Bulgaria's Tobacco Heavyweight Decided Today
A final decision on the format of Bulgaria's tobacco heavyweight Bulgartabac is expected to be reached today at the meeting of ruling Simeon II National Movement and its junior coalition partner the Movement for Rights and Freedoms.
Atomic Energy of Canada Confirms Interest in Bulgaria's 2nd N-plant
Canadian state company Atomic Energy of Canada (AECL) confirmed its interest in the construction of the new Nuclear Power Plant Belene. The cost of constructing a CANDU reactor in Belene will range between USD 1 B and USD 1,5 B, said Joh Saroudis, an off
Bulgaria's Finance Minister: World Bank's Conditions Were Misunderstood
Bulgaria's Finance Minister Milen Velchev categorically ruled out that the World Bank might stop the financing for Bulgaria in case "some things don't happen."
IMF Completed Mission in Well-Performing Bulgaria
The macro-economic developments in Bulgaria have been very positive so far this year, the last mission of the International Monetary Fund (IMF) concluded. The projected growth of 5 percent can be achieved as the economy is on the track to reach it, Jerald
OTP Bank Signs Contract for Bulgaria's DSK Tuesday
Hungary's OTP Bank and the Bank Consolidation Company (BCC) will sign the contract for the privatisation of Bulgaria's last state-owned DSK on Tuesday, the two sides confirmed.
Canadian Business Studies Investment Prospects in Bulgaria
Investment opportunities in Bulgaria and ways to improve economic bilateral relations top the agenda of the Canadian business delegation, which arrived on a working visit to Bulgaria May 18. The delegation consists of representatives of eight of the bigg
Sofia Upbeat on Finalizing Tobacco Giant Sale by End-2003
Bulgaria has the potential to finalize the sale of Bulgartabac, Agriculture Minister Mehmed Dikme said in an interview for the Bulgarian National Radio.
Bulgaria Begins to Export Power to Greece
Bulgaria's National Electricity Transmission Company started on Monday the export of power under contracts it signed last week with Greek electricity company PPC and the companies EFT-London and SEMPRA - Great Britain.
Results of IMF Review Mission Presented Today
The results of the International Monetary Fund review mission in Bulgaria will be presented today at the Finance Ministry. The Fund's experts are in Bulgaria to review for the third time Bulgaria's macroeconomic, budget and reform performance under a two-
Regional Business Conference to Take Place May 2004 in Sofia
Business conference on regional cooperation to be organized in Sofia May 2004 proposed Maxim Behar, CEO of M3 Communications Group, Inc. (www.
Bulgarians Have USD 140 per Capita Share of Foreign Debt
USD 140 is the per capita share of any Bulgarian in what is left from the country's foreign debt. The data was announced by Pirita Sorsa - a resident representative of the International Monetary Fund (IMF) to Bulgaria - in an interview for local Darik rad
Bulgaria Decides about Change of IMF Program till End-2003
Till end-2003 Bulgaria will decided if it will extend its funding deal with the International Monetary fund (IMF).
Privatisation of Bulgaria's DSK Bank Complete Next Week
The contract for the privatisation of Bulgaria's last state-owned bank - DSK - is to be signed over the next seven days according to the country's Finance Minister Milen Velchev. He had previously stated that he would not allow the DSK sale to fail simil
201 Bulgarian Firms Registered as Potential Iraq Subcontractors
Bulgaria's Trade Encouragement Agency has registered 201 indigenous companies willing to take part in the reconstruction of Iraq. Most of them are construction enterprises.
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