Business

Sofia Airport Open for Balkan Flights by End-October

Sofia Airport board of Directors reversed a decision for refusing ground services to Balkan Airlines, the Bulgarian News Agency reported. The decision was taken in September.

Business | October 17, 2002, Thursday // 00:00 | Viewed: 444

90-day Oil Stocks to be Stored in Bulgaria for Nine Years

The EU requirement for maintaining 90-day stock of oil products was introduced in the Bulgarian legislation after Parliament adopted at first reading the Bill for Oil and Oil Products Stocks. EU requires that every country has available a stock equal to t

Business | October 16, 2002, Wednesday // 00:00 | Viewed: 540

Austria's CSI Buys Bulgarian Incoms Telecom for BGN 9 M

The Privatisation Agency Supervisory Board approved the contract for the sale of 90% of the capital of Incoms Telecom Holding, 40% of Incoms IRET AD, 29% of Incoms SET of Russe and 40% of Incoms Household Equipment to Austria's CSI Handels und Beteiligung

Business | October 16, 2002, Wednesday // 00:00 | Viewed: 543

WB to Invest in Two Bulgarian Hospitals

The World Bank will invest USD 2 M in two Bulgarian hopitals, TV channel bTV announced. Starting from Monday, officials from the Health Ministry and the World Bank will visit hospitals in Gabrovo, Lovech, Stara zagora and Razgrad.

Business | October 16, 2002, Wednesday // 00:00 | Viewed: 569

Financial Supervisors in Charge of Domestic Control in Bulgaria

Financial supervisors will be in charge of the preliminary state interior financial control, the Parliament decided October 16 at the second reading of the amendments to the State Interior Financial Control. Under the amendments the financial supervisor w

Business | October 16, 2002, Wednesday // 00:00 | Viewed: 413

Slight Fall in Bulgarians' Spending on Food

Some 43,6% of each Bulgarian household spending go for food, the National Statistical Institute announced, presenting data for August 2002. In comparison with the previous year the percentage has slightly gone down from 46,8% in August 2001.

Business | October 15, 2002, Tuesday // 00:00 | Viewed: 449

EBRD: Bulgaria Leader in Macroeconomic Stability

Bulgaria is leading the way in terms of economic growth and macroeconomic stability, Noreen Doyle, EBRD First Vice President said at the Fourth Southeast Europe Economic Forum. Among the major challenges outlined during the panel Southeast Europe - the Eu

Business | October 15, 2002, Tuesday // 00:00 | Viewed: 314

Bulgarian President, PM Urge Investments in SE Europe

President Parvanov and Prime Minister Simeon Saxe-Coburg called on foreign investors to do business in South-East Europe (SEE) to strengthen stability and security in the region and in Europe at the opening of the Economic Forum for South-East Europe Tues

Business | October 15, 2002, Tuesday // 00:00 | Viewed: 445

Turkish Contractor Hired for Makaza Road Works

The Turkish company Kiska-Turan will build the 17 km road link to the Makaza checkpoint at the Bulgarian-Greek border. The construction and supervision contracts with Kiska-Turan and Germany's DIWI Consult were signed Monday.

Business | October 15, 2002, Tuesday // 00:00 | Viewed: 572

Deloitte&Touche Marks 10 Years in Bulgaria

Audit and advisory company Deloitte&Touche marks the 10th anniversary since it entered Bulgaria's market. "Ten years ago Deloitte&Touche was the first big international company that launched business operations in Bulgaria.

Business | October 14, 2002, Monday // 00:00 | Viewed: 663

JP Morgan Hired to Advise Bulgaria's DSK Sale

The Bank Consolidation Company (BCC) signed the contract, hiring JP Morgan as the advisor in the DSK Bank privatization deal. BCC, the body that manages the privatisation of state banks, was represented by Finance Minister Velchev and its Executive Direct

Business | October 14, 2002, Monday // 00:00 | Viewed: 556

Bids for Consultancy on Minority Stake Privatization on Bourse Ranked

The bid of the consortium National Bank of Greece, United Bulgarian Bank and Bulbrokers for the contract to advise and intermediate the flotation on the stock exchange of minority stakes in five major companies was ranked first by the Privatization Agency

Business | October 14, 2002, Monday // 00:00 | Viewed: 727

Bulgaria's Foreign Debt Totalled Nearly 70% of GDP End-August

Bulgaria's gross foreign debt amounted to USD 10 715.9 M end-August, which accounts for 69.

Business | October 14, 2002, Monday // 00:00 | Viewed: 724

Hungary Seeks Expansion in Reciprocal Investments with Bulgaria

Cooperation between Bulgaria and Hungary can be boosted not only through increased trade exchange, but also through reciprocal investments in bridge constructions and port rehabilitation. This was announced by Hungarian President Ferenc Madl's at a Hungar

Business | October 14, 2002, Monday // 00:00 | Viewed: 648

New Transport Facilities in Sofia Cater for Disabled

All one hundred and thirty-five new buses and trolleys that Sofia municipality plans to introduce next year will suit the needs of disabled passengers. Sofia mayor's office will finance the purchase with a part of the lawn obtained from the European Bank

Business | October 14, 2002, Monday // 00:00 | Viewed: 678

Post-privatization Program Failure in Bulgaria Fined

The Agency for Post-Privatisation Control imposed a fine of BGN 5 M on Tryavna-based Trema armaments factory because of its failure to complete a post-privatization program. The company was to invest nearly USD 180,000.

Business | October 14, 2002, Monday // 00:00 | Viewed: 705

SE Europe Economic Growth in the Focus of Sofia Forum

Economic growth in countries from Southeastern Europe, project financing, energy, tourism and infrastructure projects will be high on the agenda of the Southeast European Economic Forum to be officially opened October 15. This was announced by Hristoslov

Business | October 14, 2002, Monday // 00:00 | Viewed: 636

New Maritime Strategy Mulled in Sofia

The Transport Ministry favours renovation of Bulgaria's commercial fleet by 2005 in its draft maritime strategy. Deputy Minister Krassimira Martinova announced that addressing the 6th International Conference on Marine Science and Technology.

Business | October 14, 2002, Monday // 00:00 | Viewed: 712

Nearly 40 Companies Compete for Bulgaria's Motorway Construction

A total of 39 companies will compete in the tender for the construction of Trakiya motorway sections Oriuzovo- Stara Zagora and Burgas-Karnobat, Dnevnik Daily reported, citing the Road Executive Agency (REA). The deadline for submitting bids for the tende

Business | October 14, 2002, Monday // 00:00 | Viewed: 718

JP Morgan Signs Bulgaria's DSK Sale Contract Today

The contract, hiring JP Morgan as the advisor in the DSK Bank privatization deal, will be signed today. The Bank Consolidation Company, the body that manages the privatisation of state banks, approved the selection of JP Morgan for consultant for the sale

Business | October 14, 2002, Monday // 00:00 | Viewed: 626

Sofia Mulls Economic Policy Changes

Deputy Prime Minister and Economy Minister Nikolay Vassilev will propose revisions in the economic policy of the government in a few weeks. Ahmed Dogan, leader of the coalition partner of the ruling party, said that after the meeting of the ministers with

Business | October 13, 2002, Sunday // 00:00 | Viewed: 475
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