Business

Bulgaria Gets USD 400,000 Aid for WB Border Project

Bulgaria will receive USD 400,000 for the border point Vidin-Kalafat project of the World Bank, the Cabinet announced. The funding will be used to improve the passing through the border checkpoint.

Business | December 26, 2002, Thursday // 00:00 | Viewed: 475

Balkan Tourism Ministers at First Ever Meeting in Sofia January 9, 2003

The Tourism Ministers from the Balkan countries will gather for the first time at a round table in Sofia in January to discuss ways to boost the development of the sector in the region. The meeting is included in the program of the Second International Co

Business | December 26, 2002, Thursday // 00:00 | Viewed: 605

Law Amendments Seek Successful Deals

The amendments to the privatisation and post-privatisation control are needed because the interference of the court threatens to fail major deals, Zlatka Bobeva, lawmaker of ruling Simeon II National Movement said for Radio Free Europe. She expressed doub

Business | December 24, 2002, Tuesday // 00:00 | Viewed: 393

Telco Prefered Buyer Denies Allegations for Dirty Media Campaign

An official of Advent International, the winning bidder in the sale of the Bulgarian Telecommunications Company, denied for the state radio the allegations that Viva Ventures has paid for a media campaign against the judiciary in Bulgaria. Joanna James,

Business | December 22, 2002, Sunday // 00:00 | Viewed: 432

Finance Minister Expects Not Higher than 3,5% Inflation in 2003

Inflation in 2002 was between 3,2 and 3,5 percent, Finance Minister Milen Velchev said for local Darik radio. He said that he didn't expect higher inflation in 2003.

Business | December 20, 2002, Friday // 00:00 | Viewed: 423

Concerns Over Tobacco Purchase in Bulgaria Assuaged

The process of tobacco buy-out will be speeded up and all tobacco, produced in 2002 will be purchased, Agriculture Minister Dikme said in Parliament. The parliamentary group of ruling coalition junior partner Movement for Rights and Freedoms held a meetin

Business | December 20, 2002, Friday // 00:00 | Viewed: 949

Third Quarter 2002 GDP Up 4,5 % Y/Y

Bulgaria's Gross Domestic Product (GDP) for the third quarter of 2002 went up by 4,5 percent year on year, the national statistical institute announced. According to preliminary data of the institute, GDP during the third quarter of 2002 is BGN 8971.

Business | December 20, 2002, Friday // 00:00 | Viewed: 367

IMF Completed Second Review in Bulgaria

The IMF team, visiting for a regular assessment of the Bulgaria's reform efforts under the loan agreement, completed the second review of the program. The agreement comes after four days of discussions following a failed agreement a month ago on the fisca

Business | December 20, 2002, Friday // 00:00 | Viewed: 383

Bulgaria Granted EUR 94,9 M under PHARE

Bulgaria will be granted EUR 94,9 M for PHARE projects under a financial memorandum between Bulgaria and the European Commission under National Program PHARE for 2002. The memorandum was signed by Finance Minister Velchev and the head of the delegation of

Business | December 20, 2002, Friday // 00:00 | Viewed: 429

Bulbank Lends Most to Tourism Sector in Bulgaria

The largest Bulgarian bank Bulbank, majority-owned by Italy's Unicredito, is the biggest domestic lender to the hospitality industry for 2002. The institution was named Investor N1 in Tourism for 2002 by the Bulgarian restaurant and hotelier association.

Business | December 20, 2002, Friday // 00:00 | Viewed: 385

UBB Issues Unsecured Credit Cards First Time in Bulgaria

United Bulgarian Bank, majority-owned by the National Bank of Greece, will be the first local bank to issue unsecured credit cards without security deposit or account balance requirements. The cards issued by all Bulgaria-registered banks are, in effect,

Business | December 20, 2002, Friday // 00:00 | Viewed: 697

Bulgaria, IMF Announce Results from Latest Talks

Bulgaria and the International Monetary Fund (IMF) will announce the result of their latest talks. During the IMF mission, the Bulgarian government gave up the idea to transform the current agreement with the International Monetary Fund into precautionary

Business | December 20, 2002, Friday // 00:00 | Viewed: 357

Sweetened Bids for Bulgaria's Tobacco Sought by Agency

The Privatisation Agency will request bidders for Bulgaria's tobacco monopoly Bulgartabac Holding to submit improved offers, it transpired at a press conference of the Privatisation Agency. Apostol Apostolov, PA chair, and Petko Nikolov, Chair of the Supe

Business | December 20, 2002, Friday // 00:00 | Viewed: 685

Parliament Adopted Bulgaria's Budget 2003

Bulgaria's Parliament adopted at second reading budget 2003. Only the majority backed the budget, left wing Coalition for Bulgaria and right wing United Democratic Forces did not support it.

Business | December 20, 2002, Friday // 00:00 | Viewed: 380

Agreements with Bulgaria's Maritsa East 3 Creditors Endorsed

U.S.

Business | December 19, 2002, Thursday // 00:00 | Viewed: 380

Germany's Trade with Bulgaria Remains Robust

Bulgaria's trade with Germany remained robust during the first half of 2002, marking an increase of 13,3%. The bounce up comes after a record-high volume of EUR 1,74 B was reached in 2001.

Business | December 19, 2002, Thursday // 00:00 | Viewed: 389

Privatisation Body Reports Deals Worth BGN 368 M in 2002

The Privatisation Agency concluded a total of 296 deals worth BGN 368 M in 2002, procedures scheduled for Junuary 2003 included, Privatisation Agency head Apostol Apostolov said at a press conference on the yearly report of the privatisation body. Another

Business | December 19, 2002, Thursday // 00:00 | Viewed: 343

Cabinet Considers Unfreezing Belene N-plant Today

Bulgaria's Cabinet will consider today a proposal for lifting the ban on the completion of Belene Nuclear Power Plant, to be moved by Energy Minister Milko Kovachev. The project for the construction of Belene N-plant near the Danube port of Belene, 250 ki

Business | December 19, 2002, Thursday // 00:00 | Viewed: 410

Privatization Appraisal of Telecom USD 350 M

The privatization appraisal for a hundred percent stake of the Bulgarian Telecommunications Company is USD 350 M, Apostol Apostolov, head of the Privatization Agency, said. He added that due to the delay in the sale procedure, the appraisal needed to be u

Business | December 19, 2002, Thursday // 00:00 | Viewed: 378

Tobacco Holding May Go to Prosecution over Named Buyer Disqualification

Austria's consortium Tobacco Holding GmbH, one of the failed also-rans for Bulgaria's tobacco monopoly Bulgartabac Holding, insisted that the Privatisation Agency (PA) comply with the ruling of the Supreme Administrative Court five-member panel, which con

Business | December 18, 2002, Wednesday // 00:00 | Viewed: 637

Over 20 Companies Eye Varna, Burgas Airports Concessions

Twenty four companies and consortia have shown interest in being granted a concession for Varna and Burgas airports, Transport Minister Plamen Petrov said. The procedure for granting concessions will be called at the beginning of January, the concessioner

Business | December 18, 2002, Wednesday // 00:00 | Viewed: 445
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