Business

Israeli, Bulgarian Top PR Companies to Collaborate

M3 Communications Group, Inc. (www.

Business | November 12, 2002, Tuesday // 00:00 | Viewed: 518

EBRD Increases Portfolio of Projects in Bulgaria

EBRD will increase its portfolio of projects in Bulgaria. Jean Lemierre, president of the European Bank for Reconstruction and Development, who is on a two-day visit to Bulgaria and United Bulgarian Bank, will sign a loan agreement, the amount of which wi

Business | November 12, 2002, Tuesday // 00:00 | Viewed: 338

Bulgaria's Telco Deal May Invalidate Debt Security

State security furnished for EBRD and World Bank loans to Bulgaria's landline monopoly Bulgarian Telecommunication Company BTC could be invalidated within three to six months after the deal with Viva Ventures is done, Finance Minister Velchev said. The tw

Business | November 12, 2002, Tuesday // 00:00 | Viewed: 421

Switch in IMF Agreement Format Decided Next Week

It will be decided next week whether the agreement with the International Monetary Fund will be transformed into a precautionary one. That emerged after a meeting of Finance Minister Milen Velchev and Jerald Sciff, head of the IMF mission to Bulgaria, on

Business | November 12, 2002, Tuesday // 00:00 | Viewed: 361

New Balkan Airlines Receivers Appointed

Radoslav Tonev and Galin Kostov were elected receivers of the Balkan Airlines at the creditors' general meeting. Tonev and Kostov, both former lawyers, will hold the position till the court declares Balkan Airlines insolvent and appoints a liquidator.

Business | November 12, 2002, Tuesday // 00:00 | Viewed: 429

Japan's Mitsui Eyes Bulgarian Maritsa Iztok 2 Project

Japanese Mitsui company has prepared studies on the rehabilitation of Units 1,3 and 4 in the old section of thermo-power plant Maritsa Iztok 2, Energy Minister Kovachev announced. In the words of the minister the report contained proofs that the efficienc

Business | November 11, 2002, Monday // 00:00 | Viewed: 469

Government Calls Bids for Balkan Oil Project

The Regional Development Ministry invited Monday Bulgarian companies that want to take part in the construction of the Burgas-Alexandroupolis oil pipeline to submit their bids by November 15. The eligible bidders must be at least 50 percent Bulgarian owne

Business | November 11, 2002, Monday // 00:00 | Viewed: 397

Bulgaria to See Meat Demand Flagging till End-2002

Domestic meat consumption will not exceed 149,000 tonnes as demand will drastically flag, a report on domestic meat industry drafted by the Agriculture Ministry, projects. The figure stands in a stark contrast with the 2001 consumption, which reached 400,

Business | November 11, 2002, Monday // 00:00 | Viewed: 283

Bulgarian GPs Get PCs under World Bank Project

A total of 4,100 free PCs, together with a printer, modem, swipe-card reader and software will be distributed by the regional units of the National Health Insurance Fund. The equipment is provided under a project financed by a World Bank for reforms in th

Business | November 11, 2002, Monday // 00:00 | Viewed: 352

Finance Minister Meets Schiff to Discuss Performance

Jerald Schiff who leads the IMF mission in Bulgaria will meet Monday with Finance Minister Milen Velchev. The IMF mission is in Bulgaria since Wednesday, Schff arrived on Friday.

Business | November 11, 2002, Monday // 00:00 | Viewed: 341

Balkan Airlines Receivers Have Resigned

Olga Milenkova and Hristo Mollov, the two court-appointed administrators of Balkan Airlines, have approached Sofia City Court with a request to be released from their duties. The main reason for their demand is the rejection of the recovery plan of the ca

Business | November 10, 2002, Sunday // 00:00 | Viewed: 388

Privatization Head Hopes for Bulgartabac Deal by End-year

Apostol Apostolov, head of the privatization agency, said that he hoped the deal for an eighty percent stake in Bulgartabac Holding to be wrapped up by the end of the year. The Privatisation Agency officially announced Friday it would appeal the ruling of

Business | November 10, 2002, Sunday // 00:00 | Viewed: 346

EBRD President in Sofia to Explore Ways to Boost Investments

Jean Lemierre, president of the European Bank for Reconstruction and Development, pays a two-day visit to Bulgaria. The aim of the visit is to show the bank's support for ongoing economic reforms and to explore how EBRD can further help boost investments.

Business | November 10, 2002, Sunday // 00:00 | Viewed: 387

New Budget Should "Relieve Police of Financial Woes"

The 2003 budget should put an end to the financial woes of Bulgaria's police. President Parvanov said that during the celebrations of 123danniversary of the National Police Service.

Business | November 9, 2002, Saturday // 00:00 | Viewed: 447

Bulgaria Confronts French Stand on Kozloduy N-plant

Bulgaria will not close the Energy Chapter of the EU pre-accession negotiations till end-year if the European Commission does not agree to new peer review in units 3 and 4 of Kozloduy Nuclear Power Plant that may postpone closure deadline. Energy Minister

Business | November 9, 2002, Saturday // 00:00 | Viewed: 318

Bulgaria's 2003 Draft Budget "Implies Right Policies"

In spite of the storm of criticism, Finance Minister Velchev does not question the 2003 draft budget. He told local Darik radio that the direction is right.

Business | November 9, 2002, Saturday // 00:00 | Viewed: 406

Contract with Kuwaiti JV for Sofia Airport Reconstruction Sealed Soon

Managers of the Kuwaiti joint venture Mohammed Abdulmohsin Al-Kharafi & Sons - Admak General Contracting Co and Sofia Airport wrapped up successful negotiations for the reconstruction of Sofia airport. After all necessary documents are prepared, the contr

Business | November 8, 2002, Friday // 00:00 | Viewed: 485

Balkan Air Tour to Negotiate for Lufthansa Leased Planes

A team of Lufthansa Technik arrives in Sofia on November 12 to re-negotiate with Balkan Air Tour the use of two Balkan Airlines Boeing 737-300 planes. The team was invited by the newly established Bulgarian carrier Balkan Air Tour.

Business | November 8, 2002, Friday // 00:00 | Viewed: 385

Appeal against Ruling on Bulgaria's Tobacco Monopoly Confirmed

The Privatisation Agency officially announced it will appeal the ruling of the Supreme Administrative Court, which stripped the preferred buyer for Bulgaria's tobacco monopoly, the consortium Tobacco Capital Partners and Clar Inns, of its status. As seen

Business | November 8, 2002, Friday // 00:00 | Viewed: 528

Germany's Jenoptik Mulls Cooperation with Bulgaria

Opportunities for cooperation between Germany's company Jenoptik and Bulgarian companies were considered at the meeting of Deputy Economy Minister Nikola Yankov and representatives of the company. Jenoptik, part of the Carl Zeiss Jena group, is the bigges

Business | November 8, 2002, Friday // 00:00 | Viewed: 497

Raiffeisenbank's Bulgarian Arm Enjoys Surging Profit

Raiffeisenbank's profit from Bulgarian arm leaped by 80.3 percent for the first ten months of 2002 year-on-year.

Business | November 8, 2002, Friday // 00:00 | Viewed: 421
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria