Business

Deutsche Bank will Seek to Restore Bulgartabac's Positions

Deutsche Bank will seek to restore Bulgartabac's traditionally good positions in the region, Tessen von Heydebreck, member of Deutsche Bank Board of Directors, said after his meeting with Prime Minister Saxe-Coburg, Deputy Prime Minister and Economy Minis

Business | September 12, 2002, Thursday // 00:00 | Viewed: 458

Consumer Prices Mark Deflation of 0,7% in August m/m

The CPI recorded a deflation of 0,7 percent in August m/m, the National Statistical Institute announced. Experts attribute the deflation to the drop in food and fuel prices.

Business | September 12, 2002, Thursday // 00:00 | Viewed: 378

Complaints against Bulgaria's Tobacco Monopoly Go To Court

The Privatization Agency (PA) filed the complaints of participants in the privatisation procedure of Bulgartabac Holding in the Supreme Administrative Court on September 11. Two of the participants in the sale of 80% stake in Bulgaria's tobacco monopoly -

Business | September 11, 2002, Wednesday // 00:00 | Viewed: 403

Three Investors Interested in Bulgaria's Flag Carrier

Three strategic investors have shown interest in buying indebted flag carrier Balkan airlines. The spokesman of the company, Viktor Melamed announced that for private national channel bTV The liquidation of Balkan airlines is the most probable alternativ

Business | September 11, 2002, Wednesday // 00:00 | Viewed: 376

Bulgarian Honey Threatened by EU Ban

The EU is about to ban Bulgaria's export of honey as most quantities fail to meet the union's standards. This will badly affect some fifty thousands enterpreneurs who turned to that profitable occupation after Bulgaria's market liberalization.

Business | September 11, 2002, Wednesday // 00:00 | Viewed: 370

Bill Gates invited to Bulgaria by President

President Parvanov invited Microsoft's Chairman and Chief Software Architect Bill Gates to visit Bulgaria on the occasion of the hundredth anniversary of the birth of John Atanassov, the inventor of the computer. The Bulgarian president met with Peter Hay

Business | September 11, 2002, Wednesday // 00:00 | Viewed: 513

BNP Paribas Contract on Power Utilities Sale in Bulgaria Approved

The Supervisory Council of the Privatization Agency approved on Tuesday the advisory contract with a BNP Paribas-led consortium for the sale of Bulgaria's seven local electricity distribution companies. The seven distributors are profit making companies w

Business | September 11, 2002, Wednesday // 00:00 | Viewed: 363

Cash for Bulgaria's Forests Granted by Japan and World Bank

An accord that will grant Bulgaria USD 564,270 of aid from the Japanese government will be signed Wednesday by Agriculture Minister Dikme and the World Bank's Country Manager to Bulgaria, Oscar de Bruyn Kops. The cash goes for backing the project "Bulgari

Business | September 11, 2002, Wednesday // 00:00 | Viewed: 331

Cost of European Corridor VIII Set at EUR 2,2 BLN

A total of EUR 2,2 BLN is the estimated cost of pan-European Transport Corridor VIII according to calculations of the Italian side. A memorandum of understanding on the development of Corridor VIII was signed by the transport ministers of Bulgaria, Italy,

Business | September 11, 2002, Wednesday // 00:00 | Viewed: 522

Moscow, Sofia Seek to Enhance Cooperation via Joint Projects

The implementation of joint Bulgarian-Russian projects in industry and technologies, as well as ways to enhance cooperation at regional level were discussed at a meeting between Bulgarian Deputy Prime Minister and Economy Minister Vassilev and Russian Ind

Business | September 11, 2002, Wednesday // 00:00 | Viewed: 405

Trade in Fuels in Bulgaria Down for Second Month in Row

Trade in fuels, automobiles and auto repairs in July continued its downward trend for the second month in a row, data from the National Statistical Institute shows. It marked a fall of 1,3 %, while the wholesales and retails and repairs of household goods

Business | September 10, 2002, Tuesday // 00:00 | Viewed: 338

Japan Provides Aid for Bulgaria's Forests

Japanese government grants USD 564,270 of aid for revival of Bulgaria's forests. The funding is provided to the special project "Bulgaria - Revival of the Forest Sector".

Business | September 10, 2002, Tuesday // 00:00 | Viewed: 353

EBRD with Rep on Bulgaria's Unionbank Supervisory Council

Following EBRD's acquisition of a 15% stake in Bulgaria's Unionbank, the European Bank for Reconstruction and Development will designate a representative on the supervisory council of the financial institution. This was announced by Unionbank's Chief Secr

Business | September 10, 2002, Tuesday // 00:00 | Viewed: 389

Bulgaria Negotiates Modern Technology Cooperation with Russia

Modern technology cooperation will be discussed by Deputy Prime Minister Nikolai Vassilev and Russia's Minister of Industry, Science and Technology Ilya Klebanov in Sofia. The economic ties between Bulgaria and the Russia, the ways for boosting trade exch

Business | September 10, 2002, Tuesday // 00:00 | Viewed: 395

European Corridor VIII Accord Signed

A memorandum of understanding on the development of Pan-European Corridor VIII was signed by the transport ministers of Bulgaria, Italy, Albania, Greece, Macedonia and Turkey in the Italian town of Bari September 9. The memorandum defines the route of the

Business | September 10, 2002, Tuesday // 00:00 | Viewed: 507

Tobacco Monopoly Sale will be All-Cash deal

The privatization of Bulgaria's tobacco monopoly Bulgartabac Holding will be an all-cash deal. There will be no option for payment under debt-to-equity deals struck with Spain and Italy.

Business | September 10, 2002, Tuesday // 00:00 | Viewed: 382

Wind Power Plants to Be Built in Bulgaria's Black Sea Towns

Foreign energy enterprises seek to expand with alternative energy plants in the Black Sea towns of Shabla, Balchik and Kavarna - all of them in the Dobrich district. German company already contracted the construction of wind energy facility in the distric

Business | September 10, 2002, Tuesday // 00:00 | Viewed: 523

Economy Minister Meets Bulgarian Business Leaders Today

Bulgaria's Economy Minister Nikolay Vassilev will meet today with the Bulgarian Forum of Business Leaders. They will discuss ways to make local economic environment more attractive to foreign investors.

Business | September 10, 2002, Tuesday // 00:00 | Viewed: 302

Three Complaints Filed Against Bulgaria's Tobacco Monopoly Sale

Three complaints have been filed in the Privatisation Agency by participants in the privatisation procedure for 80% stake in Bulgaria's tobacco monopoly Bulgartabac Holding. Metatabak and Tobacco Holding filed their complaints on September 5.

Business | September 10, 2002, Tuesday // 00:00 | Viewed: 433

New Brady Swap Hoped to Cut Bulgaria's Debt by USD 238 M

A second exchange of Bulgarian Brady bonds for dollar-denominated Eurobonds with a maximum worth of USD 800 M is mulled by the Bulgarian government. The expected reduction of the face value of Bulgaria's debt is 87 million dollars, which, together with th

Business | September 9, 2002, Monday // 00:00 | Viewed: 478

Bulgaria May Become SE Europe Energy Center

Southeast Europe countries are expected to adopt November 15 a joint declaration of intent on Bulgaria's proposal to become a regional energy centre. Vladimir Filipov, Southeast Europe Stability Pact national coordinator for Bulgaria announced that after

Business | September 9, 2002, Monday // 00:00 | Viewed: 433
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