Closure of N-plant Units to Strip Bulgaria of BGN 2 B
Bulgaria will suffer a loss of BGN 2 to 2.5 B by 2020 if units 3 and 4 of the Kozloduy Nuclear Power Plant are powered down in 2006 as required by the European Commission.
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Italy's Mercegalia Eyes Sofia-based Kremikovtzi Steel Plant
Italy's Gruppo Marcegalia is interested in acquiring Sofia-based steel works Kremikovtzi. Marcegalia will launch in January 2003 a technical study in the plant to determine whether it would be profitable to buy the steel works, Antonio Marcegalia said in
Bulgaria's Biggest Insurer Announced Car Policy Conditions
Insurer DZI announced the conditions of its car insurances for 2003. The company will issue free VISA, MAESTRO CIRRUS or MASTER CARD to all that buy its civil liability policies.
IBRD Loan for Social Investments in Bulgaria OKed
The government and the International Bank for Reconstruction and Development (IBRD) are to conclude a loan agreement for the release of a USD 50 M state-secured loan for assistance under the project "Social investments and employment encouragement". This
Navigation Maritime Bulgare Took Possession of Varna Shipyard
The Navigation Maritime Bulgare took official possession of the Varna shipyard on December 5. The head of the Board of Directors of the Navigation Maritime Bulgare Slaveyko Staikov and the receivers of the shipyard signed the document in the Transport Min
Bulgarian Company Starts DVD Production
The local MediaSys Corporation opened on Wednesday a plant for production of DVDs, which it plans to export mainly to Western Europe. This is Bulgaria's first and only second on the Balkans after Greece plant of this kind.
EBRD May Acquire 5% Stake in Globul
The European Bank for Reconstruction and Development may acquire a ten million euro five percent stake in Bulgaria's OTE-owned second GSM operator. That was announced by the bank's country director John Chomel-Doe.
BOL Business Group Challenges Telco Deal
BOL Business Group Ltd, headed by Veni Markovski and Dimitur Ganchev filed Wednesday a third claim to the Supreme Administrative Court against the selection of the preferred buyer forthe Bulgarian Telecommunications Company. They demanded to be constitute
Bulgaria Wants Private Companies to Co-fund EU Programs
Bulgaria may absorb EUR 150 to 200 million more from the EU pre-accession funds if private enterprises get involved in the funding. Finance minister's fiscal advisor Lyubomir Datsov said this was an appropriate way for boosting financial aid for EU-aspira
TNT - Official Carrier of European Film Awards for Sixth Year in a Row
Provided by TNT Bulgaria TNT Express, the world's leading business to business express delivery company, is the official carrier of the annual star studded European Film Awards, to take place in Rome on December 7.
Fourteen Companies Eye Varna Shipyard
Fourteen companies are interested in becoming partners of Varna shipyard, Transport Minister Patrov announced. The Navigation Maritime Bulgare looks for a serious partner who can finance and develop the activities of the shipyard.
Balkan Air Tour Keeps All Balkan Airlines Slots
The slots of insolvent Balkan Airlines in London, Zurich, Frankfurt, Berlin, Amsterdam, Paris, Moscow, Tel Aviv, Moscow, Vienna, Madrid, Brussels, Copenhagen and Stockholm were preserved and will be used by Balkan Air Tour. Balkan Air Tour will conduct al
WB Strategy Presented in Bulgarian Town of Vidin
The World Bank's Country Manager to Bulgaria Oscar de Bruyn Kops presents today the World Bank strategy for assisting Bulgaria in the Bulgarian town of Vidin. Regional projects of the World Bank will be considered at the meeting of Vidin mayor Ivan Tsenov
Business Leaders Chairman Invites Prince of Wales to Bulgaria
Maxim Behar, Bulgarian Business Leaders Forum (www.bblf.
Raiffeisenbank Bulgaria Opens New Branch
An office of Raiffeisenbank Bulgaria will be opened in the town of Montana, North-western Bulgaria. The bank reported a BGN 13,9 M of operating profit for the eleven months of this year.
Bulgaria's New Flag Carrier Took off
Bulgaria's recently established flag carrier Balkan Air Tour conducted its first flights on Wednesday. A Tupolev-154 aircraft, hired by air squad 28, took off with forty passengers for London and Paris at 8.
Austria's Erste Bank Serious Contender for DSK Bank
Austria's Erste Bank is interested in the full state stake in the last Bulgarian state-owned credit institution DSK Bank, the Bulgarian News Agency reported. The chief financial director of Erste Bank said the bank strived to make a significant investment
New Flag Carrier Starts Tickets Sale in Bulgaria
The sale of tickets of the newly established flag carrier Balkan Air Tour began on Tuesday. The first flights of the company are expected to take place on Wednesday.
Bulgaria's Telco Deal to Be Inked Early Next Year
The Bulgarian Telecommunications Company deal will be inked in the beginning of next year, the Privatization Agency announced. The Finance Ministry is expected to negotiate next week with the preferred buyer Viva Ventures the funding that the company will
Sofia's Profit from Burgas-Vlora Pipeline Set at USD 80 M a Year
Bulgaria's annual profit from the underground pipeline linking Bulgaria's Black Sea port of Burgas to the Albanian port of Vlora will amount to some USD 75-80 M, Rumen Nikolov, representative of Albanian, Macedonian and Bulgarian Oil Corporation (AMBO), f
Official Calls Opposition Attack on Telco Deal "Insinuation"
All claims in the signal of the United Democratic Forces for wrongdoings in the privatisation procedure of the telecom are insinuations according to the Executive Director of the Privatization Agency Apostol Apostolov. He defined the signal as "a politica
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