Business

Privatization Body Warns UDF Attack Could Harm Telco Deal

The political discussion on the telecom deal stands in the way of the negotiations with the preferred buyer Viva Ventures, Ani Ruscheva, spokeswoman of the Privatization Agency, commented. On Monday rightist United Democratic Forces MPs approached the chi

Business | December 3, 2002, Tuesday // 00:00 | Viewed: 337

Balkan Oil Project Memo Signing Postponed

The meeting on December 3, during which Bulgaria, Russia and Greece were to sign a memorandum for cooperation for the realization of the trans-Balkan oil pipeline Burgas -Alexandroupolis, was postponed at Russia's request. The reason is death in the famil

Business | December 3, 2002, Tuesday // 00:00 | Viewed: 476

Bulgaria's Rubella Eyes Markets in U.S., Asia

Bulgarian cosmetic company Rubella plans to expand its markets in the United States and Asia, following the big success of its products on international markets. Rubella's best selling toothpaste Dental Academy Whitening and facial creams Deva proved to b

Business | December 3, 2002, Tuesday // 00:00 | Viewed: 566

Business Education Strategies Mulled in Bulgaria

Bulgaria moved to modernize economic higher education with a memorandum signed by three relevant ministers and the presidents of business universities. According to the country's Economy Minister Vassilev, the higher education institutions should update t

Business | December 2, 2002, Monday // 00:00 | Viewed: 405

Social Status of Bulgarian Families Reviewed

Single mothers account for 20 percent of the families in Bulgaria. 16 percent of the children in the country come from large families while 15 percent live in families where both parents are unemployed.

Business | December 2, 2002, Monday // 00:00 | Viewed: 401

PM Promotes Bulgaria's Business Opportunities in Italy

Bulgaria's Prime Minister Saxe-Coburg discussed ways to boost trade exchange during his meeting with top officials of the Acossiation of the Lombard Entrepreneurs Assolombarda and their leader Michele Perini. Simeon Saxe-Coburg, who pays a three-day visit

Business | December 2, 2002, Monday // 00:00 | Viewed: 406

Bulgarian Auditor AFA Secures over 70 High-profile Clients

One of Bulgaria's leading audit, tax and accounting companies AFA parted with partner Earnst&Young and resumed independent activity. Since 1998 AFA has worked jointly with the global auditor managing the implementation of all Earnst&Young projects in Bulg

Business | December 2, 2002, Monday // 00:00 | Viewed: 606

Council to Coordinate Better Revenues Collection in Bulgaria

A coordination council between the Finance Ministry and the Interior Ministry will be set up by the end of December to increase the collection of the revenues, Deputy Finance Minister Gati al-Jebouri announced. Finance Minister Velchev and Interior Minist

Business | December 2, 2002, Monday // 00:00 | Viewed: 300

Rightist Party Claims Ministers Broke the Law in Telco Sale

Rightist United Democratic Forces MPs approached the chief cassation prosecutor's office for wrongdoings in the privatization procedure of the Bulgarian Telecommunications Company. UDF claim Deputy Prime Minister Nikolay Vasilev, Finance Minister Milen Ve

Business | December 2, 2002, Monday // 00:00 | Viewed: 358

Bulgaria's Military Hospital with Teleconnection to NATO Hospitals

Aiming at NATO standards, Bulgaria's Military Medical Academy will establish direct teleconnection to hospitals in the member states of the alliance. The armed forces' academy will also contact through the satelite Bulgaria's overseas military missions.

Business | December 2, 2002, Monday // 00:00 | Viewed: 745

Minister to Seek E-government Funding in Seoul

State Administration Minister Dimitur Kalchev left for Seoul where he will seek funding for Bulgaria's e-government project. The Cabinet is expected to adopt a national strategy on e-government shortly.

Business | December 1, 2002, Sunday // 00:00 | Viewed: 361

Rightist Party Approaches Chief Prosecutor on Telco Sale

Rightist United Democratic Forces will approach the chief prosecutor for violations in the privatization of the Bulgarian Telecommunications Company, the press center of the party informed. UDF claim Deputy Prime Minister Nikolay Vasilev, Finance Minister

Business | December 1, 2002, Sunday // 00:00 | Viewed: 355

USD 500,000 Money Laundering Attempt Foiled

A national of Turkmenistan has tried to transfer USD 500,000 via Arab banks, the Finance Ministry announced. The money-laundering attempt was foiled with an order by Finance Minister Velchev.

Business | December 1, 2002, Sunday // 00:00 | Viewed: 338

Hemus Air Continues to Conduct Balkan Airlines Flights

The flights of insolvent Balkan Airlines were conducted by Hemus Air on Sunday also. Balkan Airlines stopped operation starting from Saturday after Sofia City Court declared the company insolvent.

Business | December 1, 2002, Sunday // 00:00 | Viewed: 339

Bulgaria Loses Over Billion Levs from Uncollected Taxes, Insurances

The state loses annually over billion and one million levs from uncollected taxes and insurances, Deputy Finance Minister Gati al-Jebouri said. By the end of June this year, the uncollected taxes are over BGN 900 M.

Business | November 30, 2002, Saturday // 00:00 | Viewed: 374

10-mo Customs Revenues Totalled BGN 2.2 B

Customs revenues for the first ten months of this year totalled BGN 2.193 B.

Business | November 30, 2002, Saturday // 00:00 | Viewed: 275

Steel Maker Asks to Start Paying off Debts January

Sofia-based steel maker Kremikovtzi has sent a letter, in which it asks to start paying off its debts from January 1st and to extend by six months the payment of its debts on a couple of projects. The national fund for environment protection will have to

Business | November 30, 2002, Saturday // 00:00 | Viewed: 455

Bulgaria Starts Preparations to Close Nuke Units 1,2

The necessary preparations for the shutting down of nuke units 1 and 2 start in December. That was announced by Energy Minister Milko Kovachev.

Business | November 30, 2002, Saturday // 00:00 | Viewed: 335

Hemus Air Conducts Balkan Airlines Flights

The flights of Balkan Airlines will be conducted by Hemus Air till Tuesday. The decision was taken after Sofia City Court ruled the insolvency of Balkan Airlines on Friday and the company stopped operation.

Business | November 30, 2002, Saturday // 00:00 | Viewed: 398

Balkan Airlines Declared Insolvent, Stops Flights

Sofia City Court declared Balkan Airlines insolvent and took a decision to put an end to the company's activities on Friday. Balkan Airlines stopped operation starting from Saturday.

Business | November 30, 2002, Saturday // 00:00 | Viewed: 660

HVB Bulgaria, Biochim Merger Approved

An extraordinary shareholders meeting of Bulgaria's fourth largest bank Commercial Bank Biochim approved the merger of the credit institution with HVB Bank Bulgaria under the commercial name of Biochim. The shareholders also approved a BGN 8,085 M capital

Business | November 29, 2002, Friday // 00:00 | Viewed: 498
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