Jim Williams, board chairman of Crown Agents, the British company hired by the Bulgarian government to conduct reforms in the Bulgarian customs has quit the project and left Bulgaria on July 19. No official reason for the departure has been stated.
State –owned shipping company Navibulgar representatives have started in London on a series of negotiations with the international transport syndicate ITF. The trade unions of the sailors claim that Bulgarian sailors employed at Bulgarian ships under fore
Members of managing bodies of banks shall have a university degree not lower than master’s, Parliament decided in passing the amendments to the Banking Act. Candidates for the position of Executive Director will be required to have at least five years of
BGN 20 M from the BGN 90 M saved from the foreign debt deal will be allocated to the municipalities to settle their unpaid expenditures. That proposal will be tabled in the Council of Ministers by the finance ministry in two weeks, Finance Minister Milen
The Privatization Agency signed with Sopharma the contract for the sale of 100 percent of the capital of Pharmachim Holding, Sofia and of 45.89 percent of the capital of NIHFI (Scientific and Research Chemical and Pharmaceutical Institute).
Vladimir Afenliev, R&D Director of the largest pharmaceutical manufacturer in Bulgaria Balkanpharma said for bTV that Bulgaria would be a good place for foreign investors if the so-called Roche Bolar provision is adopted by Parliament in the Human Medicin
Leading role for the success of the privatization deal of Bulgaria's fourth largest bank Biochim was the transparent and honest procedure, Finance Minister Velchev said on Sunday. The other two important factors according to Velchev were the good work du
The economic team of the Bulgarian economy ministry, led by Economy Minister Nikolay Vassilev met with Serbian ministers, deputy ministers and other experts in Nis. The talks focused on privatization, trade exchange, infrastructure and energy.
The privatization of Bulgaria’s tobacco giant Bulgartabac Holding is one of the few deals in the new Bulgarian history when the price is not as important as the amount of the purchased tobacco, Deputy Prime Minister Nikolay Vassilev said in Parliament on
State Fund “Agriculture” has the necessary funds for sowing the winter crops and there are now more opportunities for lending to cooperative farms and individuals, Agriculture Minister Mehmed Dikme said. The maximum amount of the loans for farm cooperativ
Direct investments in Bulgaria in January - May 2002 totalled USD 167.7 M, down from USD 317 M year on year.
Bulgarian-Russian relations are good and dynamic enough to depend on corporate interests, Bulgaria’s Ambassador to Russia Iliyan Vassilev and Russia’s Deputy Prime Minister Alexei Kudrin noted during recent meetings, the Bulgarian News Agency reported. Sa
A 99,59 percent stake in Biochim Bank was sold to Bank Austria, part of Germany's second largest bank HVB Group, for EUR 82.5 M, nearly twice the asking price.
“Failure of the Bulgartabac Holding privatisation will lead to a combination of reputation damages, inability to raise the credit rating as well as losses of between USD 700 M and USD 1 B,“ Deputy Finance Minister Krassimir Katev said. He explained that s
The Executive Board of the Privatization Agency moved for discussion and approval to the Supervisory Board of the agency the parameters of the sake contract for the State Insurance Institute DZI. That is a procedure, which precedes the actual signing of t
Bulgaria’s petroleum company Prista Oil has begun construction work on a 50,000 tonne, USD 2,3 M transshipping complex for storage and processing of industrial oil in Ukraine. In addition to Ukraine, the strategic development map of Prista Oil, 25 percent
State Fund “Agriculture” will undertake the functions of an intervention agency that will monitor and intervene on the domestic agriculture market under the amendments to the farming subsidies bill approved by the government and moved to parliament. The f
The government mulls a Swissair type recovery plan for Bulgaria’s flag carrier Balkan Airlines, Dnevnik daily reported, quoting a source from the government. The idea includes setting up of a new air carrier, which will replace the insolvent Balkan Airlin
Bulgaria must have stored up a total of 1,1 million tonnes of oil and oil products stock till 2012, under a bill on the obligatory amounts of oil and oil products stocks, adopted by Cabinet July 25. Following the bill Bulgaria’s stock of oil and oil produ
The Cabinet adopted amendments and supplements to the regulation on calculating prices and tariffs of electricity, heating and natural gas in accordance with last week’s ruling of the Supreme Administrative Court. Through its decision the Cabinet explains
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) approved a loan of EUR 112,1 M for the rehabilitation of Maritsa East 3 thermal power plant July 23. The total cost of US Entergy project is USD 470 M.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
