FINANCIAL EXPERT LOBBIES FOR BAN ON EXCHANGE BUREAUX
A proposal for exchange bureaux ban will be tabled in parliament in September. Ivan Iskrov, chairman of the parliamentary budgetary committee announced that for Darik radio.
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BALCEROWICZ: ENTERPRISES MUST NOT BE STATE-OWNED
An imperative condition for successful reform is the withdrawal of the state from the enterprises. Leszek Balcerowicz, on a visit to Sofia, said that after meeting with the economic team with the president.
FUTURE OF OIL CONCESSIONS IN LIBYA DECIDED OCTOBER
The future of the oil concessions in Libya will be discussed by the end of the October. The issue is expected to be settled by the mixed Bulgarian - Libyan commission at a meeting.
SOFIA OFFERS HELP TO FLOOD-HIT COUNTRIES
Bulgaria is to send experts to assist the restoration of monuments and building in flood-hit countries. Children from evacuated families from Central Europe could spend their holidays in Bulgaria.
CABINET DISCUSSES TODAY CONTROVERSIAL TELECOMS BILL
The Cabinet will discuss a Telecommunications Bill, prepared by the Transport Ministry. BTC's monopoly of the fixed telephone network and leased lines was originally planned to expire on December 31 2002.
FUEL RETAILER PETROL WITH PROFIT OF BGN 8,5 M H1
Local fuel retailer booked a 24 % year on year rise in H1 profit from BGN 6, 895 M to BGN 8,572 M. Deferral of upfront tax payments has allowed the booking of such a profit rise.
LOCAL TOBACCO GROWERS PROTEST AGAINST NEW QUALITY STANDARDS
The enforcement of the new guidelines for the quality classification of the 2002 tobacco crop could result in numerous bankruptcies among domestic producers, the national union of tobacco growers warned. The producers advised that introduction of the EU s
SOFIA-TRIPOLI AIR LINE MAY OPEN END-AUGUST
The launch of a Sofia-Tripoli air line is planned for the end of the month. That was announced by Libya's Foreign Minister Abd Al-Rahman Shalgam who arrived on a two-day visit in Sofia.
BALCEROWICZ TO ADVISE TOP BULGARIAN ECONOMISTS
Professor Leszek Balcerowicz, governor of the Polish National Bank, will meet with top Bulgarian economists in Sofia. Balcerowicz, a veteran of Poland's transition from communism, is famous as a pioneer of the "shock therapy" economic reform.
BOOST IN BUSINESS CONTACTS WITH KOREA SOUGHT
Nineteen Korean companies participated in a Bulgarian-Korean business forum in Sofia. Bulgaria views Korea as a strategic partner in Asia, Economy Minister Vassilev said in his opening address at the forum.
EIGHT COMPANIES COULD PARTNER DAIMLERCHRYSLER
Eight of the twenty Veliko Turnovo-based candidates to partner with DaimlerChrysler meet the business requirements of the German auto maker. Recently, it emerged that DaimlerChrysler sought to outsource to the Veliko Turnovo district the manufacture of co
NEW CURRENCY EXCHANGE RULES ENFORCED FRIDAY
The new rules for the operation of the bureaux were published in the State Gazette on Tuesday and will be enforced on Friday. A currency exchange transaction will be conclusively validated by the client's signature on the statement issued by the cashiers
TWENTY ISLANDS ON THE DANUBE TO BE FLOODED IN DAYS
Some twenty islands in the Bulgarian sector of the Danube are expected to be flooded in a couple of days, experts said. The islands are deserted and the flood won't cause material damages, they added.
GROUNDLESS EXPENDITURES BANNED AT BULGARTABAC
Groundless expenditures not to be made in Bulgartabac till the holding's privatisation, Economy Minister Nikolay Vassilev ordered. He summoned an extraordinary meeting of the Board of Directors of the tobacco monopoly on Tuesday.
GREEN LIGHT GIVEN FOR SALE OF BIGGEST INSURER DZI
An eighty percent stake in Bulgaria's biggest state insurer DZI will be sold for EUR 21,522,583 M to Sofia-based Contract Sofia company, owned by banker Emil Kyulev. The Supervisory Council of the Privatization Agency approved the contract on the sale of
OVER 95,000 TONNES OF NEW WHEAT CROP ALREADY EXPORTED
Over 95,000 tonnes of the new wheat crop have already been exported and 2,400 tonnes more are being loaded at the Burgas port. 93,7 percent of the crop has been harvested.
JAPAN GRANTED FUNDS FOR NEW SOUND EQUIPMENT IN SOFIA'S CULTURE CENTER
Japan has granted aid of 4,3 million yens (some USD 386,000) for the purchase of sound equipment for Hall 1 of the National Palace of Culture in downtown Sofia. The National Palace in Sofia is the largest cultural center in South Eastern Europe.
ALL BULGARTABAC BIDDERS SUBMITTED MORE INFO ON OFFERS
All four bidders for eighty percent stake in Bulgaria's tobacco giant Bulgartabac holding supplied by the 2 pm deadline on Monday more information on the parameters of their offers in sealed envelopes. The candidate buyers had to submit the answers to som
TOBACCO HOLDING READY TO SWEETEN BULGARTABAC BID BY EUR 20 M
The rated third in the provisional ranking of the Privatization Agency bidder for Bulgartabac, Tobacco Holding is ready to improve its offer by EUR 20 M, according to a letter submitted by the holding in the agency. Thus, in case that the sweetening of th
LIBYA'S DEBTS TO BULGARIAN COMPANIES DISCUSSED IN SEPTEMBER
Settling of USD 54 M state claims of Bulgaria to Libya, debts of Libya to Bulgarian state and private companies as well as issues related to the Bulgarian oil concessions will top the agenda of the September meeting of the financial subcommittee with the
EDMOND DE WILDE NOTES NEED FOR BETTER CONDITIONS FOR INVESTORS
"Our political relations with Bulgaria are very good, and on most international issues we act as partners. The bilateral cooperation between our two countries can still grow in the field of the economic and commercial relations," Belgium's Ambassador to B
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