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.
- iNews
- Novinite
- Econ
- DoctorOnline
- Jenite
- Div
- Sporta
- FitWell
- Sportuvai
- Peika
- Programata
- News in English
Business
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
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.
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
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
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.
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,
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
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
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.
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.
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
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
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
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
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
Revenues of Bulgaria's Telco BGN 1 B in 2002
The revenues of slated for privatization Bulgarian Telecommunications Company are BGN 1 B in 2002, the expected after-tax profit is BGN 260 M. That was announced by Transport Minister Petrov.
Israel's Ashtrom Hopes for Big Infrastructure Project in Bulgaria
The Israeli construction company Ashtrom together with partner Roichman Bros expects to be contracted as the builder of Bulgaria's Trakiya highway. The consortium is among the short-listed 22 bidders in the tender of the Road Agency for construction of lo
Over 27 Kg Cocaine Seized on Bulgaria's Boder with Turkey
A total of 27.44 kg of cocaine was seized at Kapitan Andreevo border check point some three hours after midnight on Wednesday.
Finance Minister Expects Agreement with IMF This Week
Finance Minister Milen Velchev said that in case that the talks with the IMF mission to Bulgaria went well, there would be an agreement with the Fund this week. The IMF mission, lead by Jerald Schiff, arrived on Monday to smooth disagreements regarding th
Highlights
Bulgarians You Should Know About
Our Readers Have Spoken
Daily Dose Of Culture
Ups & Downs
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
