Business

Bulgaria to Remain Energy Center on the Balkans

Bulgaria will remain an energy center on the Balkans after the closure of Kozloduy Nuclear Plant Units 1 and 2, Energy Minister Kovachev said upon his return from Athens. Sofia's bid to host a regional center for energy policy on the Balkans was officiall

Business | November 16, 2002, Saturday // 00:00 | Viewed: 340

Visa Regime Hampers Turkish Business in Bulgaria

The visa regime is among the obstacles faced by Turkish businessmen in Bulgaria, it transpired at a meeting of Turkey's Ambassador to Sofia Haydar Berk with representatives of companies from Bulgaria's southern neighbour at Hilton Sofia hotel. The visa re

Business | November 16, 2002, Saturday // 00:00 | Viewed: 335

German Investors Confirm Interest in Bulgaria's Tobacco Monopoly

Bulgartabac issue has been raised at all the meetings with German politicians and businessmen, Deputy Prime Minister and Economy Minister Vassilev said. He underlined that the German investors have confirmed their commitment and interest in the deal for a

Business | November 16, 2002, Saturday // 00:00 | Viewed: 990

Short-term Lending to Bulgarian Farmers Abolished in 2003

Short-term lending to farmers will be abolished in 2003, switching to direct subsidies. This transpired at a meeting of Agriculture Minister Dikme and International Monetary Fund Mission leader for Bulgaria Jerald Schiff.

Business | November 16, 2002, Saturday // 00:00 | Viewed: 262

Hyundai Invests in Bulgaria, Peugeot - Citroen Also Interested

Hyundai Motors Group will invest in production of auto parts in Bulgaria. The company informed the Bulgarian economy ministry in an official letter.

Business | November 16, 2002, Saturday // 00:00 | Viewed: 747

Bulgaria Set to Complete Two Major Sales by 2003

The Privatisation Agency (PA) still hopes that the privatisation deals of landline monopoly Bulgarian Telecommunications Company (BTC) and tobacco giant Bulgartabac will be completed till the end of the year, Petko Nikolov, chairman of the PA Supervisory

Business | November 15, 2002, Friday // 00:00 | Viewed: 417

Insolvency Cases Settled Under New Bulgarian Legislation

Pending insolvency proceedings will be finalized under the draft of a new Commercial Code approved by the Parliament on Thursday. The new law introduces clear insolvency rules.

Business | November 15, 2002, Friday // 00:00 | Viewed: 399

Balkan Air Tour Became Flag Carrier to Austria and Russia

Airlines Balkan Air Tour became flag carrier to Austria and Russia. The government approved that at its regular weekly meeting Thursday.

Business | November 14, 2002, Thursday // 00:00 | Viewed: 425

Microsoft IT Academy Launched in Bulgaria

Microsoft Bulgaria announced the launch of the Microsoft IT Academy program. The program targets students who aim at taking certification exams, ranging from exams for Microsoft Office Specialist to Microsoft Certified Professional.

Business | November 14, 2002, Thursday // 00:00 | Viewed: 713

Bidders for Bulgaria's Tobacco Monopoly Asked to Confirm Offers

The Privatisation Agency sent letters to the four bidders for 80% stake in Bulgaria's tobacco giant Bulgartabac, asking for confirmation of the validity of the bids that were submitted in July. The validity of the offers for the privatisation procedure ex

Business | November 14, 2002, Thursday // 00:00 | Viewed: 554

Court Proceeds with Appeal Against Bulgaria's Tobacco Deal Ruling

Court proceedings got underway November 14 after appeals were filed against the Supreme Administrative Court ruling on the outcome of the privatisation procedure for an 80% stake in Bulgaria's tobacco monopoly. The Privatisation Agency, the failed bidders

Business | November 14, 2002, Thursday // 00:00 | Viewed: 358

Government Undecided over Change in Agreement with IMF

"It is still not clear whether the future agreement with the International Monetary Fund will be altered to a precautionary one," Finance Minister Velchev said before the regular governmental meeting. Following a meeting with Prime Minister Saxe-Coburg We

Business | November 14, 2002, Thursday // 00:00 | Viewed: 313

Bulgartabac Bidders Will Be Asked to Confirm Offers

The four bidders for Bulgaria's tobacco giant Bulgartabac will receive letters from the Privatisation Agency, asking for confirmation of the bids that were submitted in July. All four bidders for Bulgaria's tobacco monopoly Bulgartabac - consortium Rosbul

Business | November 14, 2002, Thursday // 00:00 | Viewed: 405

EBRD Eyes Stakes in Bulgaria's Telco

The European Bank for Reconstruction and Development is ready to invest in the landline monopoly Bulgarian Telecommunications Company and DSK, the last state-owned domestic credit institution. This was announced by Jean Lemierre, EBRD President who was on

Business | November 14, 2002, Thursday // 00:00 | Viewed: 346

Tourists in Bulgaria Insured against Tour Operator's Bankruptcy

Tour operators will take out compulsory insurance starting to cover next liabilities towards clients according to new Bulgarian legislation. Next year, insurance polic\ies will cover risks related to non-provision of services, to bankruptcy and to the tra

Business | November 14, 2002, Thursday // 00:00 | Viewed: 547

Deputy PM Promotes Bulgaria's Investment Climate in Germany

Deputy Prime Minister and Economy Minister Vassilev will be on an official visit to Germany till November 21. Bulgaria's Deputy Prime Minister and Economy Minister Nikolay Vassilev leaves for a seven day visit to Germany today.

Business | November 14, 2002, Thursday // 00:00 | Viewed: 342

IMF Wants Bulgaria's Performance Review Complete Next Week

We are here to conclude the review of Bulgaria's performance under the agreement. We hope this will be done next week, Jerald Schiff who leads the IMF mission in Bulgaria, said after meeting with Prime Minister Simeon Saxe-Coburg.

Business | November 13, 2002, Wednesday // 00:00 | Viewed: 331

WB Releases USD 750 M for Bulgaria's Reforms by 2004

A total of USD 750 M will be released by the World Bank for reforms implementation in Bulgaria till 2004. This transpired at the presentation of the World Bank 2002-2004 strategy for assisting Bulgaria in the town of Plovdiv.

Business | November 13, 2002, Wednesday // 00:00 | Viewed: 351

BTC Starts Talks with Siemens and Ericsson for Network Digitalization

The Bulgarian Telecommunications Company starts negotiations with Siemens and Ericsson to supply and install equipment at the territory of the country regarding the digitalisation and expansion of the network. The company says that the deals will be paid

Business | November 13, 2002, Wednesday // 00:00 | Viewed: 425

IBRD Credit for Poverty Fight in Bulgaria OKed

A loan agreement for the restructuring of USD 150 M of PAL 1 will be concluded between Bulgaria and the International Bank for Reconstruction and Development, the Bulgarian National Radio reported. The Parliament approved the agreement November 13.

Business | November 13, 2002, Wednesday // 00:00 | Viewed: 334

TNT Bulgaria is World Leader in Operational Indices

TNT Bulgaria landed an international award for its performance in the operational indices competition, in which TNT offices from more than 200 countries all over the world took part. The award was handed by Barry Sheldon, IBU Director of Operations, TNT N

Business | November 13, 2002, Wednesday // 00:00 | Viewed: 537
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