Tourism Conference Gathers Int'l Experts in Sofia Jan 2003
The Second International Conference on Tourism "Bulgaria Dream Area" (www.bulgariantourism.
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Four Bid to Advise Minority Stake Pravatization on Bourse
The Privatizationa Agency announced that four bids were submitted for the contract to advise and intermediate the flotation on the stock exchange of minority stakes in five major companies. The four bidders are : a consortium between CSFB Ltd.
Bulgarian Paper Mill Bought by Hungarian Company
Dunapack RT has acquired a ninety percent plus stake in Plovdiv-based cardboard Rodina. It plans a sixteen million euro cash infusion for a capital raise, retooling and personnel training.
Bulbank Named Best Bank of the Year
The biggest Bulgarian credit institution Bulbank has been named by the Global Finance publication as the recipient of the Best Bank Award for the fourth year in a row. The majority-owned by UniCredito also got its Euromoney Award for Excellence.
Bulgaria's Telecom Bidders Asked for More Info on Offers
The two bidders for the Bulgarian Telecommunications Company will have to submit more information on their final offers by 2pm on October 7th. That was announced by the Privatization Agency on Tuesday.
Sofia Praised for Approach to Pre-accession Preparations
The pace and progress of Bulgaria's pre-accession negotiation with the EU were discussed by Foreign Minister Passy and Hose Maria Gil-Robles, co-chair of the joint Committee Bulgaria-European Union and former speaker of the European Parliament. Bulgaria's
Bulgaria Closed Financial Control Chapter
Bulgaria closed the financial control chapter of the acquis communautaire. Thus the number of closed chapters was brought up to 22.
Sofia Insists on Protective Agreement with IMF
"The next agreement between Bulgaria and the International Monetary Fund, if there is a need of such an agreement, will be protective. If the economy continues to develop well, we'll discuss other, less committing cooperation options," Finance Minister Mi
IMF Shows Trust in Bulgarian Cabinet on Venture Capital Fund
The International Monetary Fund (IMF) believes that the Bulgarian Cabinet will not speculate with the money in the venture capital fund the country plans to create. This was announced by IMF First Deputy Managing Director Anne Krueger after a meeting with
Euromoney Awarded Velchev Finance Minister of the Year
The latest issue of the influential Euromoney Magazine has named Bulgarian Finance Minister Milen Velchev Finance Minister of the Year. The award was conferred by EuroMoney Director Padraic Fallon at a ceremony held in Washignton's Shoreham Hotel on Monda
Tenders for Bulgarian Road Reconstruction Opened
The reconstruction of 259 kilometers of road infrastructure has been tendered by the Road Executive Agency. The undertaking is part of the EBRD- funded Transit Roads 2 program for the rehabilitation of priority road infrastructure.
Applicants for Gambling Permits to be Screened in Bulgaria
Applicants for gambling permits will be screened for legal transgression, the State Gambling Commission chief Georgi Petrov announced after a meeting with former Nevada governor Bob Miller. Bob Miller is in Bulgaria for the preparations of the Second Int
British Ambassador to Hand Certificates to Future Bulgarian Bankers
British Ambassador to Bulgaria Ian Soutar will hand certificates to successful graduates of the Banks and Finances Program with the International Banking Institute at an official ceremony on Tuesday evening. The program has been taking place for three yea
Upgrade in Bulgaria's Credit Rating Expected Next Months
Bulgaria's credit rating is expected to be upgraded at least once in the next six months, Deputy Prime Minister and Economy Minister Vassilev told Darik Radio from Washington. This will be a result of the good utilization of the budget, good foreign debt
IFC May Finance Bulgaria's Telecom Buyer
The International Finance Corporation (IFC), the investment arm of the World Bank Group, is willing to acquire shares in the Bulgarian Telecommunications Company in case that the future buyer of the company agrees. Late on Sunday, Deputy Prime Minister Ni
Bulgarian Market to See Expansion of Czech Consumer Goods
We try to help our companies to find their way and increase the market share of Czech consumer goods in Bulgaria, H.E.
Euromoney Awards Velchev Finance Minister of the Year
The latest issue of the influential Euromoney Magazine has named Bulgarian Finance Minister Milen Velchev Finance Minister of the Year. Velchev will be officially awarded in Washington on Monday.
Meeting with Greenspan Hailed as Good Sign for Bulgaria
Our upcoming meeting with the US central bank chief Alan Greenspan is a good sign for Bulgaria, Finance Minister Milen Velchev commented in Washington. Minister Velchev, Deputy Prime Minister and Economy Minister Vassilev and Bulgarian National Bank gover
Exhibitors at Bulgarian Technical Fair Hit Ten-Year High
The fifty eighth edition of the International Technical Fair - Plovdiv Autumn 2002 was opened September 30 by Prime Minister Simeon Saxe-Coburg. In his address the prime minister underscored the need for self-confidence and faith in the power of the natio
Germany's Festo Opened Censors Production Unit in Sofia
The local subsidiary of Germany's Festo AG has inaugurated a 30 mln unit for the manufacture of sensors in Sofia. It is expected to increase tenfold domestic turnover in comparison with 1997.
IMF Said to Favour Bulgaria's Financial Independence
The International Monetary Fund favours the idea Bulgaria to become more financially independent, Finance Misnister Milen Velchev said in an interview for the national radio. Considering Bulgaria's latest economic parameters, the government proposed that
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