Business

Employment of Bulgarians in Germany Agreed

Cabinet announced an agreement with Germany that provides for up to three months of employment for Bulgarians as restaurants and hotels personnel and up to three year's permits for housekeepers of disabled persons. The Employment Agency will act as interm

Business | November 29, 2002, Friday // 00:00 | Viewed: 363

Italy Plans to Become Top Investor in Bulgaria

Italy intends to become Bulgaria's top investor. Marco Montecchi who runs the freshly opened office of Azzurri nel Mondo Association in Sofia, said that commenting on the warming up interest of Italian business people.

Business | November 29, 2002, Friday // 00:00 | Viewed: 304

Bulgaria's Business Climate Warms Up in November

Industrial CEOs were optimistic on output and demand both at home and abroad, a survey of November's business climate conducted by the National Statistic Institute (NSI) shows. The composite business confidence index measured monthly on the basis of manuf

Business | November 29, 2002, Friday // 00:00 | Viewed: 408

Court Proceeds with Appeal Against Bulgartabac Deal Ruling

The Supreme Administrative Court is scheduled to proceed today with the lawsuit filed against the choice of buyer for an 80% stake in state-owned company Bulgartabac Holding. The Privatisation Agency, the failed bidders for Bulgartabac deal - Tobacco Hold

Business | November 29, 2002, Friday // 00:00 | Viewed: 395

Bulgaria Constructs Vessel Traffic Management System

Bulgaria moves to establish a Vessel Traffic Management and Information System (VTMIS). The Economy Ministry hosts an official ceremony on Friday, which marks the signing of the contract for implementation of the project.

Business | November 29, 2002, Friday // 00:00 | Viewed: 435

IMF: Bulgarians Succeed in Tax Evasion

The government fails to collect social insurances efficiently, Piritta Sorsa, resident representative of the International Monetary Fund (IMF), said in an interview for Bulgarian News Agency. The share of these payments in the GDP has been shrinking since

Business | November 29, 2002, Friday // 00:00 | Viewed: 343

Bulgaria Said to Need Tax Police

Bulgaria should establish tax police, Nikolay Popov, head of the Central Tax Directorate said. "There is no country with well developed economy that does not maintain such task force," the tax inspector said.

Business | November 28, 2002, Thursday // 00:00 | Viewed: 333

KOTRA Re-opened Office in Sofia

The Korea Trade-Investment Promotion Agency (KOTRA) re-opened its office in Sofia after seven years of absence. The agency first came to Sofia in 1989 and left later over fading business opportunities in the former communist country.

Business | November 28, 2002, Thursday // 00:00 | Viewed: 709

State with Golden Share in Bulgarian Tie-in for Oil Project

A suggestion for a golden share of the state in the Bulgarian tie-in for Burgas- Alexandroupolis pipeline was presented by Acting Regional Development Minister Hassan Hassan at his meeting with representatives of the companies to be involved in the pipeli

Business | November 28, 2002, Thursday // 00:00 | Viewed: 370

Bulgarian Realtor ADIS Obtained Quality Management Certificate

ADIS EOOD became the first Bulgarian real estate company that acquired the prestigious certificate for quality management ISO 9001-2000. ADIS' certificate carries the signs of the multi-accredited company Moody International, the logo of the German Accred

Business | November 28, 2002, Thursday // 00:00 | Viewed: 406

Danube Bridge II Management Contract Signed in Sofia

An agreement with the international engineering and management consultant on the project for the construction of a second bridge across the Danube river at Vidin-Calafat was signed in Sofia November 27. The contractor is a tie-in between British Scott Wil

Business | November 28, 2002, Thursday // 00:00 | Viewed: 343

Power Utility Seeks Bulgaria's Urea Maker Insolvency

The National Electricity Transmission Company (NETC) approached Vratsa court to seek the insolvency of Vratsa-based urea maker Chimco. The outstanding liabilities owed by the company to NETC tower BGN 33,4 M.

Business | November 27, 2002, Wednesday // 00:00 | Viewed: 451

Strike Halts Passenger, Cargo Trains in Bulgaria

A strike of workers from the National Railway Infrastructure Company forced a one-hour stoppage of passenger and cargo trains on November 27 from 9 a.m.

Business | November 27, 2002, Wednesday // 00:00 | Viewed: 385

Tender Invited in Bulgaria for 49% in Hemus Air

The Privatization Agency invited an open bidding tender for 78,400 shares of Hemus Air EAD. The shares account for 49% of the company's capital.

Business | November 27, 2002, Wednesday // 00:00 | Viewed: 328

Shareout in Bulgarian Tie-in for Oil Project Discussed Today

Representatives of the companies that will set up a consortium to design, construct and operate the Burgas- Alexandroupolis pipeline will have a meeting with Acting Regional Development Minister Hassan Hassan today. The companies will set forth their expe

Business | November 27, 2002, Wednesday // 00:00 | Viewed: 428

Thomas Cook will Exchange Bulgarian Currency in UK

Thomas Cook, international tour operator, will exchange Bulgarian leva in its currency exchange bureaus in the United Kingdom. The decision of the company was prompted by the growing interest in Bulgaria as a destination during the winter and summer among

Business | November 27, 2002, Wednesday // 00:00 | Viewed: 820

Hungary's OTP Ready to Pay EUR 200 M for Bulgaria's DSK

OTP Bank, the largest Hungarian financial institution, is ready to pay EUR 200 M for an 80% stake in Bulgaria's last state-owned bank DSK, Hungarian Daily Napi Gazdasag wrote November 26. The article points out that the bid of OTP bid is below the expecta

Business | November 27, 2002, Wednesday // 00:00 | Viewed: 327

UK Gives Green Light to Bulgarian Au Pairs

Young people from six European countries, including Bulgaria, will have the chance to spend time in the UK to learn English and gain an insight into British culture. This is envisaged by plans to extend the au pair scheme announced by the British Prime Mi

Business | November 27, 2002, Wednesday // 00:00 | Viewed: 369

Railway Workers in Bulgaria Go on Strike

A strike of railway workers will force a one-hour stoppage of 80 trains on November 27 from 9 a.m.

Business | November 27, 2002, Wednesday // 00:00 | Viewed: 434

Bulgaria's Gas Monopoly Restructured in 2004

State-owned gas supplier Bulgargaz needs to be restructured in 2004 thus facilitating the supply of gas to households across Bulgaria. Economy Minister Nikolay Vassilev said that at the international conference "Transit and Supply of Gas and Petrol in Cen

Business | November 26, 2002, Tuesday // 00:00 | Viewed: 375

Bulk of Investments Expected in Bulgaria's Energy Sector

Half of the future direct investments and privatisation revenues will be attracted in the energy sector, Deputy Prime Minister and Economy Minister Vassilev said upon opening a two-day international conference on the development of oil and gas sector in C

Business | November 26, 2002, Tuesday // 00:00 | Viewed: 343
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