Business

Indian Business to Consider Investment Projects in Bulgaria

Concrete projects for investments in the machine-building industry, agriculture and metallurgy sectors were presented in Delhi by Alexander Tomov, leader of the Bulgaria's Euroleft Party. Tomov left for India several days ago for a Forum of businessmen an

Business | November 21, 2002, Thursday // 00:00 | Viewed: 326

Parliament Resumes Discussions on Draft Budget 2003

Bulgaria's Parliament resumed discussions on draft budget 2003 today. The plenary session was postponed Wednesday for lack of quorum after leftist Coalition for Bulgaria and rightist United Democratic Forces left the plenary hall.

Business | November 21, 2002, Thursday // 00:00 | Viewed: 334

EBRD OKs Loan for Bulgaria's 2nd GSM Operator

The Board of Directors of the European Bank for Reconstruction and Development approved EUR 90 M loan for Bulgaria's second GSM operator GloBul. The funding is provided in the form of debt of EUR 80 M and equity of EUR 10 M.

Business | November 21, 2002, Thursday // 00:00 | Viewed: 397

Munich-based HVB to Advise Bulgaria's DSK Sale

Munich-based HVB will advise the candidate buyers in DSK Bank but will not bid for equity in DSK Bank, Deputy Prime Minister and Economy Minister Nikolay Vassilev, who is on a visit to Germany, said after a meeting with HVB CEOs. The bank would purchase E

Business | November 21, 2002, Thursday // 00:00 | Viewed: 637

IMF Leaves Sofia without Approving Draft Budget 2003

The mission of the International Monetary Fund, which was in Sofia for the second review of the program under the stand-by arrangement with Bulgaria, did not approve draft budget 2003. The Fund leaves Sofia for the first time in four years without reachin

Business | November 21, 2002, Thursday // 00:00 | Viewed: 428

Syndicates and Telco Preferred Buyer to Continue Negotiations

Viva Ventures Holding, the preferred buyer for the Bulgarian Telecommunications Company (BTC) agreed to a process of "open communication" with the trade unions after the first meeting with the syndicates' leaders. The trade unions secured the consent of t

Business | November 20, 2002, Wednesday // 00:00 | Viewed: 371

Over 80 Deals Go to Bulgaria's Prosecutor Office

The Prosecutor's Office and the National Service for Combating Organized Crime have been approached for 85 privatisation deals on suspicions of money draining. This was announced by the Post-Privatisation Control Agency November 20.

Business | November 20, 2002, Wednesday // 00:00 | Viewed: 371

Hyundai Mulls Investment Approach for Bulgaria

Hyundai Motors Group launched a feasibility study in Bulgaria to decide whether it would opt for green field investment or a joint venture. The Korean giant has already chosen to invest in production of auto parts in Bulgaria through daughter company Hyun

Business | November 20, 2002, Wednesday // 00:00 | Viewed: 447

Daimler-Chrysler Seeks Bulgarian Partners

Bulgarian companies will be contracted by Daimler-Chrysler to manufacture spare parts for the company. This transpired after the meeting of Deputy Prime Minister and Economy Minister Vassilev with Daimler-Chrysler management.

Business | November 20, 2002, Wednesday // 00:00 | Viewed: 541

Privatization of Bulgaria's New Carrier Set to End in June 2003

The Privatisation Agency has prepared a scheme for the privatisation of Bulgaria's new flag carrier Balkan Air Tour and it is set to end in June 2003. This transpired at a press conference of Transport Minister Plamen Petrov November 20.

Business | November 20, 2002, Wednesday // 00:00 | Viewed: 353

Bulgaria's Parliament Refuses to Stop Telco Deal

Parliament rejected the proposal of leftist Coalition for Bulgaria to halt the privatisation deal of Bulgarian Telecommunications Company (BTC) according to local Darik radio. The majority also declined the proposal of the left-wingers to take over the pr

Business | November 20, 2002, Wednesday // 00:00 | Viewed: 380

Frankfurt Airport to Invest in Bulgarian Landing Field

The management of the Frankfurt Airport has prepared an investment project for Bulgarian Krumovo Airport. Economy Minister Nikolay Vassilev who is on a visit to Germany broke the news after a meeting with the prime minister of German state Hessen, Roland

Business | November 20, 2002, Wednesday // 00:00 | Viewed: 369

Syndicates Meet Telco Preferred Buyer Today

The Privatization Agency organizes today a meeting with the trade unions and Viva Ventures Holding, the preferred buyer for the Bulgarian Telecommunications Company. They will discus the social aspects of the BTC deal.

Business | November 20, 2002, Wednesday // 00:00 | Viewed: 381

IMF Ends Performance Review in Bulgaria

The International Monetary Fund is finishing its second performance review for this year under the SDR 240 million two-year standby agreement with Bulgaria. Draft budget 2003 and the tax amendments were discussed during the visit of the IMF mission.

Business | November 20, 2002, Wednesday // 00:00 | Viewed: 414

Deputy PM Invites German Banks to DSK Privatization

Deputy Prime Minister and Economy Minister Nikolay Vassilev, on a visit in Germany, met with representatives of Commerzbank and Germany's cooperative bank. During the meetings he invited both Western banks to participate in the privatisation of DSK Bank.

Business | November 20, 2002, Wednesday // 00:00 | Viewed: 347

All Bidders for Bulgaria's Tobacco Monopoly Extended Offers

All four bidders for 80% stake in Bulgaria's tobacco giant Bulgartabac extended the validity of the offers by sixty days November 19. Several days earlier the Privatisation Agency sent letters to the four bidders, asking for confirmation of the validity o

Business | November 20, 2002, Wednesday // 00:00 | Viewed: 349

Balkan Air Tour Board of Directors Elected

The three-member Board of Directors of Bulgaria's new flag carrier Balkan Air Tour was elected for a period of three years November 19. These are Lyubka Manova, Hristo Todorov, Tsvetan Manchev.

Business | November 20, 2002, Wednesday // 00:00 | Viewed: 443

Rosbulgartabac to Confirm Tobacco Monopoly Bid

Rosbulgartabac, one of the four bidders for Bulgaria's tobacco monopoly Bulgartabac, announced the consortium will confirm its offer. We did not update the offer, since the Privatisation Agency asked for extending the validity of the bid, Tihomir Trendafi

Business | November 19, 2002, Tuesday // 00:00 | Viewed: 334

Sony Ericsson's T200 on Bulgarian Market in Week

Sony Ericsson T200 will be launched on the Bulgarian market in a week, Sony Ericsson Bulgaria announced. The mobile phone has already been presented in several countries, including Singapore in the framework of the annual CoomunicAsia 2002 exhibition.

Business | November 19, 2002, Tuesday // 00:00 | Viewed: 513

New Terms of EIB Loan for Sofia Airport Agreed Wednesday

New terms of the loan agreement with the European Investment Bank for the project of "Reconstruction, development and expansion of Sofia Airport" will be signed Wednesday at the Finance Ministry. The contracting sides will be represented by Finance Minist

Business | November 19, 2002, Tuesday // 00:00 | Viewed: 399

Validity of Offers in Bulgartabac Deal Expires Today

The validity of the offers for the privatisation of 80 percent stake in Bulgaria's tobacco giant Bulgartabac expires on November 19, 2002. The Privatisation Agency sent letters to the four bidders for confirmation of the validity of the bids that were sub

Business | November 19, 2002, Tuesday // 00:00 | Viewed: 358
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