CEOs of the Israeli investment holding Dankner Group met with Regional Development Minister Georgi Georgiev to discuss their plans to build student dormitories in Sofia, Varna, Blagoevgrad and Plovdiv as well as in other university towns. The company is r
“It is not serious to talk about closure of the Russian market for Bulgarian-made cigarettes, “ Deputy Prime Minister and Economy Minister said during a visit to Vidin. He was asked to comment publications in the Russian press that Russia will close its m
Representatives of consortium Metatabak, placed second among the four bidders for Bulgartabac, said they may appeal the procedure for the sale of the tobacco giant Bulgartabac Holding. In their words more than 20 violations of the procedure have been foun
According to the Union of Democratic Forces the price of Bulgartabac Holding is USD 370 M, which is also the assessment of the holding’s international audit in 2000, it transpired after a meeting of UDF National Executive Council. Ergin Emin, member of th
A day after the final bids for 80 percent stake in Bulgaria's tobacco giant Bulgartabac were unsealed, Tobacco Holding, placed third among the four bidders, asked the Privatisation Agency for a procedure for increasing the offered price. The Executive Dir
A total of EUR 1, 8 M will be released for Bulgarian projects under PHARE programme ACCESS 2000 in the period July 2002 – November 2003. The program aims to strengthen the Civil Society and prepare for accession the candidate countries in Central and East
A 70% stake in Vidin-based chemical plant Vidachim will be transferred to Russe-based company Pristisgroup-Vodno Stopanstvo AD today, after the Supersory Board of the Privatization Agency approved the deal July 18. The company paid one lev for the bankrup
Five offers for the supervision of works involved in stabilizing the banks of the Danube in Zone V at the village of Brushlen were submitted to the Ministry of Regional Development and Public Works before July 22 deadline. The cost of the project for rein
A new state regulatory body will approve water price hikes only after domestic water utilities certify their operating and investment costs, as well as the parameters of their financial state. This is envisaged by a new strategy for rehabilitation of the
Bulgaria’s largest petrol distributor Petrol AD is seeking a buyer for Varna port, Mitko Subev, chairman of Petrol AD said. He explained that managing a sea port was not within the core competence of the company.
The Executive Board of the International Monetary Fund approved the disbursement of the second USD 35 M tranche under the nine-tranche loan signed late last year. The IMF Board made a positive assessment of Bulgaria' macroeconomic stabilization.
State Fund “Agriculture” increased the amount of individual credits for farmers from BGN 70,000 to BGN 100,000. Equipment, other immovable property, grain warehouse receipts can be used as loan collateral if they cover 100 percent of the invoiced value of
Foreign investors have expressed interest in managing the six 210 MW units of the Varna thermal power plant as well as in their post-modernisation lease hire, Energy Minister Milko Kovachev announced. The National Electricity Transmission Company opened a
The signing of the contract for the sale of a 99,59 percent stake in Biochim bank will take place on Friday. Bank Austria CEO Gerhard Randa is expected to attend the ceremony.
The consortium of Tobacco Capital Partners and Clar Innis B.V.
The World Bank report is full of discrepancies, which show poor knowledge in the separate sectors, Velichka Ranguelova, chair of the Center for Social-Economic Analyses and forecast with Promyana Union, said. According to data presented at the news confer
Three moths after the debt deal Bulgaria’s government's debt and the government-secured debt in euros has been reduced by more than EUR 1 BLN, Deputy Finance Minister Katev said. Another quite impressive figure, in the words of Minister Katev, is the fact
All four bidders for Bulgaria’s tobacco monopoly Bulgartabac - consortium Rosbulgartabac, Tobacco Capital Partners and Clar Innis B.V.
A 250-ton motor ship, whose construction started March 26 this year at the Russe Shipyard, set sails July 22. The vessel is the second of all three motor shops, ordered by the German company KROHN&CO.
The offers for supervisor of the project for fortifying Danube River banks – zone V will be opened July 22 by a tender committee at the Regional Development and Public Woks Ministry. The project for fortifying the banks of a 1,3 kilometre section of the r
The Executive Board of the International Monetary Fund meets today to discuss Bulgaria’s progress and decide on the disbursement of the second USD 32 M tranche under the nine-tranche loan signed late last year. It is expected that Bulgaria's performance w
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
