BULGARIA NOT THREATENED BY FLOODS
Bulgaria hasn't been affected by the floodwaters in Central Europe yet and there are no prospects that it will be, officials said. Experts commented that there are no reasons for concern at this time in Bulgaria.
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ROMANIA EXPECTS TO BECOME TOP ELECTRICITY EXPORTER ON THE BALKANS
This winter Romania may turn into top electricity exporter on the Balkans, if it manages to take advantage of the decommissioning of large production units in Bulgaria, which is currently the major energy exporter in the region, Romanian newspaper Ziarul
DEPUTY PM RULES OUT CLOSURE OF RUSSIA'S MARKET FOR BG CIGARETTES
There is no threat for closure of the Russian markets for Bulgarian-made cigarettes, Bulgaria's Deputy Prime Minister and Economy Minister Nikolay Vassilev said on Thursday. He added that the Russian claims to Bulgartabac holding had nothing to do with th
UNEMPLOYMENT IN JULY DOWN BY NEARLY SIX THOUSAND M/M
The number of the registered jobless has decreased by 5703 people to 653,329 in July m/m, the employment agency announced. According to the agency, the reduction was due to the higher seasonal employment.
MARKET SURVEY RECOMMENDED BEFORE TELECOM SALE
Talks will potential strategic investors must be held before the sale of any telecom, since the conditions on the telecommunication market at the moment are not very favourable, said Andreas Fokas, Director of a unit at Commerzbank, consultant on the sale
BILLA TO BUILD NEW HYPERMARKET IN PLEVEN
A Billa hypermarket worth BGN 8 M will be constructed in Pleven. Pleven Mayor Nayden Zelenogorsky and Ernst Kulhanek, a representative of Eurobilla, Vienna signed the contract.
BULGARIA MAY SELL RAILWAY WAGONS TO LEBANON
Bulgaria can sell surplus railway wagons to Lebanon, Trnasport Minister Plamen Petrov said. He added that excellent opportunities are opening for participation of Bulgarian companies in the reconstruction and extension of the railway infrastructure of Leb
CABINET'S PROGRAM IS UNFEASIBLE, TRADE UNIONS CLAIM
The Cabinet's program for governance is not realistic, even if the Cabinet is in office till the end of its mandate, according to an analysis of the Confederation of the Independent Trade Unions in Bulgaria (CITUB). Economic growth is impossible, given ze
NEW AIR CARRIER MIGHT BE SET UP TO REPLACE BALKAN
The liquidation of Balkan airlines is the most probable alternative for the future of the debt-ridden company, Transport Minister Plamen Petrov said. The idea includes setting up of a new air carrier, which will replace the insolvent Balkan Airlines by so
BUSINESSMEN WANT MAXIMUM PRICE TO BE REACHED FOR BULGARTABAC
In a special declaration, business club Vuzrazhdane, insisted the authorities to protect the national interests in the Bulgartabac deal. According to the businessmen that included the government to further its efforts to reach a maximum price for the toba
EBRD RELEASED EUR 30 M TO CENTRAL HEATING SOFIA
The four agreements on the releasing of European Bank for Reconstruction and Development (EBRD) loan for rehabilitation of the central heating network in Sofia were signed August 14 at the Energy Ministry. EBRD, Sofia municipality, Central Heating-Sofia a
CURRENCY EXPORTS REGIME TO BE RELIEVED
Currency exports will be relieved under the amendments to the Foreign Currency Act, to be discussed by the Cabinet August 15, Pari Daily reported. Currently amounts over BGN 20,000 can be exported only after permission issued by the Central Bank.
SAFEGUARD MEASURES FOR DOMESTIC STEEL PRODUCTION PLANNED
Temporary customs duties ranging from 20 to 40% on imported steel and steel products will be introduced, the Economy Ministry announced. The draft instruments have already been approved by a working group with the Economy Ministry.
BUILDING OF DOWNTOWN SOFIA MALL TSUM MORTGAGED
The building of TsUM AD has been mortgaged, the company announced. The rents in the central Sofia mall are lower than those for similar premises in downtown Sofia where all retail locations are rented.
PAINT MAKER ORGACHIM POSTS H1 NET PROFIT OF BGN 6,5 M
Russe-based Orgachim, Bulgaria's biggest paint and varnish producer, reported a net profit for the first half of 2002 of BGN 6,5 M because of a fifteen percent rise in sales of paints and an impressive fifty percent jump in sales of chemicals. Orgachim's
ICE CREAM MAKER DELTA SEES 15 % GROWTH FOR 2002
The Greek Delta Ice Cream expects a fifteen percent growth for 2002. That is due primarily to production units in Romania, Bulgaria and Serbia.
NEW CONCEPT FOR ISPA, PHARE PROJECTS MANAGEMENT MULLED
The Finance Ministry will propose a concept for an enlarged decentralized system for the projects under the PHARE and ISPA programs at the coming meeting of the Council of Ministers this Thursday. Under the concept, the national projects chief will be fin
FINANCIAL INSPECTORS TO MONITOR BUDGET EXPENDITURES
Financial inspectors are to monitor the budget expenditures under draft amendments and supplements to the Act on state internal fiscal control to be discussed by the Cabinet on August 15. The financial inspector will be appointed in the first-degree distr
PRIVATISATION AGENCY EXPECTS METATABAK'S SALE EXIT DOCUMENTED
The Privatisation Agency expects Metatabak's decision to exit the Bulgartabac privatisation procedure to be documented officially with a letter to the Agency, it transpired August 13. It is only then that the team of the Privatisation Agency will be able
ACTIVE INFO EXCHANGE WITH TRADE REPRESENTATIVES SOUGHT
Ways to secure assistance for Bulgarian producers in boosting exports and attracting investments were sought at a meeting of Bozhidar Danev, Chairman of the Bulgarian Industrial Association with 35 representatives of the Services for trade and economic re
CONFIDENCE IN ECONOMY DROPPED TO 18% BELOW ZERO IN JULY
The overall index of confidence in economy has been marking a continuous fall with one point every three months since October last year, falling to minus 18% in July 2002, the National Statistical Institute announced. The reduction during the last three m
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