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Real Estate Market Index in Bulgaria Goes Up

The value of the Real Estate Market Index (REMI) for January edged up by 0,25 points over December last year. The dollar spiked real estate prices by 1,5 to 3% in January.

Business | February 5, 2003, Wednesday // 00:00 | Viewed: 643

Overgas Wants Municipalities Authorised for Nat Gas Networks

Gas company Overgas wants the municipalities authorised to start the construction of new natural gas supply networks across Bulgaria. The firm also insists on liberal regime for the construction of the gas transmission and distribution networks.

Business | February 4, 2003, Tuesday // 00:00 | Viewed: 568

Foreign Pharmaceutical Manufacturers Sound Alarm over Bulgarians' Health

The Association of the Foreign Pharmaceutical Manufacturers in Bulgaria voiced alarm over the looming threat of depriving Bulgarians of social gains in the health care sector and limiting access to modern medical treatment. As the main reason for their c

Business | February 4, 2003, Tuesday // 00:00 | Viewed: 633

Revenues of Bulgaria's Energy Sector Soared in 2002

The revenues of Bulgaria's energy sector have soared by 84.4 percent hitting BGN 551.

Business | February 4, 2003, Tuesday // 00:00 | Viewed: 489

Bad Credits Diminish across Bulgaria, Finance Minister Says

The number of so-called bad credits in Bulgaria constantly drops, the analysis of the trade banks shows. This results in decreasing prices of credits, the country's Finance Minister Milen Velchev said.

Business | February 4, 2003, Tuesday // 00:00 | Viewed: 513

WB Approval of PAL Expected in Bulgaria End-Feb

The World Bank Board of Directors is expected to approve the first PAL project at the end of February, it transpired at the presentation of the World Bank 2002-2004 strategy for Bulgaria in the town of Dobrich, about 500 kilometers northeast of Sofia. Th

Business | February 4, 2003, Tuesday // 00:00 | Viewed: 453

Construction of Sofia New Passengers' Terminal Starts Wed

The construction of a new passengers' terminal at Sofia airport will start on Wednesday February 5, the Transport Ministry announced. The construction of the terminal is part of the project for reconstruction and expansion of Sofia Airport.

Business | February 4, 2003, Tuesday // 00:00 | Viewed: 535

Bulgaria Made BGN 374 M Foreign Debt Payments by January

Bulgaria have paid BGN 374.19 M (BGN 112.

Business | February 4, 2003, Tuesday // 00:00 | Viewed: 520

Sofia Announces Criteria for Balkan Oil Project in Days

Criteria to be applied to companies willing to participate in Burgas-Alexandroupolis oil pipeline project will be announced on February 10.

Business | February 4, 2003, Tuesday // 00:00 | Viewed: 465

Plan for Bulgaria's Long-term Economic Development Prepared

The Agency for Economic Analyses and Forecasts will present on Wednesday a national plan for Bulgaria's long-term economic development. The Finance Ministry's agency addresses the country's economic problems for the 2002-2006 period and offers new soluti

Business | February 4, 2003, Tuesday // 00:00 | Viewed: 473

Viva Ventures Extended Offer for Bulgaria's Telco

Vienna-based Viva Ventures confirmed the validity of its EUR 200 M offer for a 65 percent stake in the Bulgarian Telecommunication Company (BTC). The move came after the Privatisation Agency extended with fifty days the February 4 deadline for the sealing

Business | February 4, 2003, Tuesday // 00:00 | Viewed: 571

WB Launches 2003 Small Grants Program in Bulgaria

The World Bank launched the Small Grants Program (SmGP) in Bulgaria in an effort to strengthen delivery capacity of selected domestic NGOs and to support citizens to have greater ownership of development processes. Seven of Bulgaria's regions with lowest

Business | February 4, 2003, Tuesday // 00:00 | Viewed: 474

Bulgaria's Balkancar Sale Greenlighted

The Privatisation Agency officially announced the sale of an undisclosed stake in Balkancar Holding, Sofia and the state-owned assets in its fourteen units capital.

Business | February 4, 2003, Tuesday // 00:00 | Viewed: 694

Hyundai Talks with Bulgaria to be Resumed

Bulgaria will resume negotiations with Hyundai concern, Deputy Prime Minister and Economy Minister Nikolay Vassilev announced. In his opinion talks must be started anew because the foreign investor was disappointed after the tour in Bulgarian companies a

Business | February 3, 2003, Monday // 00:00 | Viewed: 1004

Bulgarian- Kuwaiti Committee to Work Out Energy Projects

Energy Minister Milko Kovachev negotiated a Bulgarian-Kuwaiti working committee that is to draw up joint energy projects. He also discussed the possibility that the Kuwaiti Investment Fund takes part in the constructions at Bulgarian energy sites.

Business | February 3, 2003, Monday // 00:00 | Viewed: 474

New General Manager of Hilton Sofia Appointed

Hilton Sofia announced the appointment of Friedrich W. Niemann to the position of General Manager, who will replace the current General Manager, Armin Zerunyan.

Business | February 3, 2003, Monday // 00:00 | Viewed: 1223

Winning Telco Bidder Expected to Extend Offer Today

Vienna-based Viva Ventures said it would confirm the validity of its EUR 200 M offer for a 65 percent stake in the Bulgarian Telecommunication Company (BTC). The Privatisation Agency extended with fifty days the February 4 deadline for the sealing of the

Business | February 3, 2003, Monday // 00:00 | Viewed: 552

Sofia Seeks Kuwaiti Funding for New Airport Runway and Ring Road

The three-day visit to Kuwait of a parliamentary delegation, led by speaker Ognyan Gerdzhikov, kicked off with a visit in the Kuwait Fund for Arab Economic Development. Bulgaria seeks from Kuwait credit for the construction of a new runway of Sofia Airpo

Business | February 3, 2003, Monday // 00:00 | Viewed: 725

Economy Ministry Tries to Attract Peugeot - Citroen to Bulgaria

Deputy Economy Minister Milen Keremedchiev expects Peugeot - Citroen to say the company will invest in Bulgaria during a meeting with company representatives in France. Keremedchiev said for the national radio that most probably the top automobile produc

Business | February 2, 2003, Sunday // 00:00 | Viewed: 755

Export Growth of 45 % Projected by 2005

Deputy Economy Minister Milen Keremedchiev projected growth in Bulgaria's export by 45 percent till 2005. He told the national radio that Bulgaria's export for the January-October 2002 has gone up by 5,1 percent year on year.

Business | February 2, 2003, Sunday // 00:00 | Viewed: 472

Bulgaria Seeks EU Funding for Tourism Support Project

Bulgaria seeks funding from EU for a project for improvement of the water-supply of regions with tourism potential The Regional Development and Public Works Ministry proposed the project to the mission of the European Commission.

Business | February 1, 2003, Saturday // 00:00 | Viewed: 636