Business

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: 454

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: 389

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: 330

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: 430

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: 826

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: 332

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: 370

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: 436

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: 379

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: 349

Bulgaria's Active Role in Vine, Wine Organization Sought

Bulgaria's active involvement in the International Organization of Vine and Wine was urged by Georges Dutruc-Rosset, Director General of the International Vine and Wine Office (OIV) at his meeting with Bulgaria's Ambassador in Paris Marin Raikov. Raikov h

Business | November 26, 2002, Tuesday // 00:00 | Viewed: 480

Nine Companies in Bulgarian Tie-in for Oil Project

All nine Bulgarian companies, which declared willingness to participate in the project for trans-Balkan oil pipeline Burgas -Alexandroupolis, have been invited for talks on November 27 by the Regional Development Ministry. Some ten days ago Gazstroymontaz

Business | November 26, 2002, Tuesday // 00:00 | Viewed: 358

TNS: Bulgarian Employees Lack Motivation

Bulgaria features in the Global Employee Commitment Report 2002 released by London-based marketing information group Taylor Nelson Sofres. The TNS analysts surveyed thirty countries grouping the 19,840 people they had interviewed in four groups - employee

Business | November 26, 2002, Tuesday // 00:00 | Viewed: 520

EBRD Forecasts 4% Growth in Bulgaria for 2003

The European Bank for Reconstruction and Development (EBRD) forecasts an average economic growth of 4.1 percent in the Balkan countries for 2003, BBC radio reported.

Business | November 26, 2002, Tuesday // 00:00 | Viewed: 353

Fuel Prices Remain Unchanged in Bulgaria 2003

LUKoil Bulgaria and Petrol AD will not increase fuel prices next year despite excise duty hikes. This is envisaged by an agreement the companies signed with Bulgaria's Finance Ministry November 25.

Business | November 26, 2002, Tuesday // 00:00 | Viewed: 392

HypoVereinsbank, Biochim in Bulgaria's First Bank Merger

The first merger of banks in Bulgaria will be made a fact by HypoVereinsbank Bulgaria and Bulgaria's fourth largest bank Biochim. The move, to be completed by the end of the year, will increase the market share of Biochim and its capital will reach BGN 94

Business | November 25, 2002, Monday // 00:00 | Viewed: 1170

NATO Membership Won't Be Expensive, Defence Minister Says

In its financial aspect, NATO's invitation means more revenues than spending for Bulgaria. Defence Minister Nikolay Svinarov said that for Bulgarian National Radio.

Business | November 24, 2002, Sunday // 00:00 | Viewed: 373

Turkey Forecasts Investment Boost in Bulgaria after Prague

The region's satiability and the piece in the country will attract investors to Bulgaria, Turkish Ambassador to Sofia Haidar Berk told local Darik radio. According to him, Bulgaria will enjoy a surging inflow of investments after NATO had invited Sofia to

Business | November 24, 2002, Sunday // 00:00 | Viewed: 467

Finance Minister: Bulgaria Dares to Press IMF

There is still no agreement with the International Monetary Fund (IMF) because Bulgaria's government dares to be more pressing. Finance Minister Milen Velchev said that commenting on the failed agreement with the IMF.

Business | November 24, 2002, Sunday // 00:00 | Viewed: 344

Fines for Sloppy Administrators in Registration Procedures Introduced

Fines ranging from BGN 500 to BGN 1,000 will be paid by administrators who fail to meet the reply deadline for firm registration requests. Officers who repeat this mistake will be fined BGN 5,000 to BGN 10,000.

Business | November 23, 2002, Saturday // 00:00 | Viewed: 321

Bulgaria's Cabinet Orders Payment to Crown Agents

The Cabinet allocated BGN 7.5 M to pay remunerations under the contract with British company Crown Agents, hired to conduct reforms in the Bulgarian customs system.

Business | November 23, 2002, Saturday // 00:00 | Viewed: 399
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