Fuel Prices Went Up
LUKOIL increased prices of fuel in Bulgaria on February 11. The rise was prompted by the continuing increase of raw petrol price, which exceeded USD 30 per barrel in anticipation of the war in Iraq.
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Investment Projects in Bulgaria Enjoy VAT Preferences
A relieved regime for assessing VAT on goods import under investment projects will be applied in an effort to improve the investment climate in Bulgaria. The new scheme is envisaged by amendments to the VAT Act, which became effective at the beginning of
State with Golden Share in Bulgarian Tie-in on Balkan Oil Project
The state will hold a golden share in the Bulgarian tie-in, to construct the Bulgarian section of the Burgas-Alexandroupolis oil pipeline project.
Bulgargaz Upped Nat Gas Transit to Balkan Countries
Natural gas transit of the state-owned fuel supplier Bulgargaz to the countries from the Balkan region in 2002 towered 13,515 billion cu m, marking a 6% increase over 2001 and 14% over 2000. The company announced that the three-year investment program fo
Finance Minister to Discuss 5-year Cooperation Program in Greece
Finance Minister Milen Velchev leaves for Greece on a two-day official visit. He will discuss with government officials the priorities of a five-year cooperation program between Bulgaria and Greece that was signed in August last year.
Sixty Pupils Become Managers for One Day in Sofia
Pupils will have the unique chance to become managers for a day on Wednesday in Sofia. Junior Achievement Bulgaria organized the initiative "Manager for a day!" to meet pupils with representatives of the corporate sectors in their offices.
Sofia Announces Criteria for Balkan Oil Project
Criteria to be applied to companies willing to participate in Burgas-Alexandroupolis oil pipeline project will be announced on February 10.
New Flag Carrier Negotiates Last Details for Moscow Flights
Envoys of Bulgaria's new flag carrier Balkan Air Tour will pay a visit to the Aeroflot central in Russia's capital to negotiate the particulars of the planned flights to Moscow. The new airlines will have flights to Moscow four times a week - Monday, Tues
Two Bidders for DSK Bank Start Due Diligence
Hungary's OTP Bank and Greece's Pireos Bank are the first potential buyers to conduct a two-week due diligence procedure at Bulgaria's last state bank DSK Bank, starting today. Austria's Erste Bank, the third bidder, which submitted an indicative offer,
Nuke Watchdog Gives 8-year License Extension to Bulgarian Units 3,4
The exploitation license of Bulgaria's nuclear units 3 and 4 will be extended with eight to ten years, Emil Vapirev, head of the Nuclear Regulation Agency in Sofia, said. He added that the troubled motivation of the specialists and workers in Bulgaria's
Finance Ministry Outlines Possible Scenarios in Anticipation of Iraq War
Bulgaria's Finance Ministry is working on detailed scenarios for the expected consequences of an armed conflict in Iraq. According to Finance Minister Milen Velchev, the report that he is soon to table in the Council of Ministers spans several possible sc
Three Plants to Produce Prototypes of First "Made in Bulgaria" Car
Three Bulgarian machine-making plants will compete in producing the prototype of the first "Made in Bulgaria" car, Deputy Economy Minister Milen Keremedchiev said upon his arrival from Paris. The car was invented by Bulgarian Rumen Antonov who lives in F
Media Coverage Said to Fuel Italian Business Interest in Bulgaria
Italian media started paying extra attention to Bulgaria and fuelled the interest of Italy's business in this county. This is how the president of Bulgarian arm of Italian non-profit organization Co.
Podkrepa Trade Union Demonstrates Good Relations with Cabinet
Bulgaria enjoys effective social dialog, Prime Minister Simeon Saxe-Coburg said during the opening of the sixth regular congress of the trade union Podkrepa. He noted that the syndicates and the government would agree on several points within days.
Oil, Gas Drills Start in Northern Bulgaria
Anschutz Bulgaria was permitted oil and gas drills in Northern part of the country under a contract with the Environment Ministry. The papers were signed Friday by Bulgaria's Environment Minister Dolores Arsenova and company's chief Ted Willer.
IMF Okayed Second Review of Agreement with Bulgaria
The Executive Board of the International Monetary Fund (IMF) approved Friday the second review of the stand-by agreement with Bulgaria. The decision will enable Bulgaria to draw SDR 26 million (about USD 36 M) from the Fund after February 14.
Key Deals in Bulgaria Exempt from Judicial Control
Fifteen key privatization deals in Bulgaria were exempted from judicial control.
Trade Union Wants Bulgaria's Major Deals Halted
The privatisation of Bulgaria's big companies must be suspended at this stage, Konstantin Trenchev, leader of one of the two biggest Bulgarian Trade Unions Podkrepa, said in an interview for the Bulgarian News Agency. In his opinion Bulgaria's major deal
Good Prospects at Bulgarian Companies of UK Navan Mining
Substantial progress has been made towards the sale of the Bulgarian investments of UK company Navan Mining Plc - Navan Chelopech AD, Bimak AD and Balkan Mineral and Mining AD - since the appointment of Alan Hudson and David Duggins of Ernst & Young LLP a
IMF Expected to Okay Second Review of Agreement with Bulgaria Today
The Board of Directors of the International Monetary Fund (IMF) is expected to approve Friday the second review of the stand-by agreement with Bulgaria. This move will greenlight a new USD 35,9 M tranche to Bulgaria.
Hewlett-Packard Promotes E-democracy in Bulgaria
Hewlett-Packard will donate Bulgaria two information Public Centres as a sign of support for Bulgaria's efforts for EU and NATO entry.
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