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
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.
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
The flights of the new flag carrier Balkan Air Tour will start by the end of the year, Transport Minister Plamen Petrov said. Some BGN 30 M will be allotted from the fiscal reserve, which is now BGN 4 B, for the operation of the new carrier.
Cisco Systems, the worldwide leader in networking for the Internet, will assist the Bulgarian government for making a headway in the development of e-business, company representatives announced at a press conference. They expressed confidence that the com
EBRD extended to the United Bulgarian Bank a EUR 10 M credit line. Jean Lemierre, president of the European Bank for Reconstruction and Development, who is on a two-day visit to Bulgaria and United Bulgarian Bank, signed a loan agreement, the amount of wh
"Bulgaria's invitation to NATO is not secured. Bulgaria might still face a number of obstacles before the summit in Prague," Foreign Minister Passy said Tuesday.
The Privatisation Agency filed an appeal against 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. In its official stat
Viva Ventures Holding, the preferred buyer for the Bulgarian Telecommunications Company, will not up the price that it offered, Joanna James, Advent International executive director, said. According to Advent, the 200 million cash bid reflected the state
Transport Minister Plamen Petrov ordered the newly established carrier Balkan Air Tour to become flag carrier able to operate as such to destinations in France, Germany, Great Britain, Germany, Northern Ireland and the United Arab Emirates. Finance Minis
The CPI recorded an inflation of 1% in October m/m, the National Statistical Institute announced. January-October inflation over the same period last year is 6,3% and 2,4% since the beginning of the year.
M3 Communications Group, Inc. (www.
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
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
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
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.
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
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
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,
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
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.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
