The Supreme Administrative Court repealed Cabinet’s Decree 66, issued March 25, 2002 for allocating budget funds for the purchase of shares by the state in relation with the capital raising of 14 trading companies. The case was formed after Roseximbank lo
Removing and reduction of border fees on the Danube Bridge will be considered by Bulgarian MPs and their colleagues from the Senate of Romania, MP Aneli Chobanova, announced after her meeting with Romanian MPs. Currently some 4,5 fees are paid at the Danu
No changes were made in the Board of Directors of Bulgartabac Holding at Monday’s meeting of the company’s shareholders. The distribution of the company's BGN 11, 576,000 pre-tax profit for the 2001 fiscal year was also voted at the meeting.
The net premium income in life and general insurance during the first three months of 2002 was 26 percent higher than the same period last year. The domestic insurers paid BGN 56 M in indemnifications during the first three months of 2002.
Charter, entitled “Information Technologies – the necessary investment in the future of Bulgaria” was signed on Monday in the Sofia University “St. St.
The Danish company Carlsberg Breweries has acquired a 59,4 percent stake in Bulgaria’s oldest brewery, the Shumen-based Shumensko Pivo. The acquisition aims at presenting the Carlsberg and Tuborg brands on the Bulgarian market and increasing the market se
European and Middle East investors are interested in flag carrier Balkan Airlines, Bulgaria’s Transport Minister told Nova TV channel. He added that a definite investor will be known in two or three months.
Next year's budget will allocate larger social spending in terms of GDP share and less money for maintenance of the state bodies, Finance Minister Milen Velchev said after the Cabinet had an informal meeting at the Boyana Residence to discuss the 2003 bud
Kuwaiti-based Kharafi Group is interested in the privatisation process in Bulgaria, representatives of the Privatisation Agency told the Bulgarian News Agency. The interest was confirmed during the meeting of the technical manager of the company with the
All 24 construction works under way in the resort region of Beklemeto are illegal, a check of the Troyan municipality, found out. Troyan mayor insists that the municipality is made possessor of the land because of the big interest of investors.
A list of eight questions was presented by the political movement of the Social democrats to the Energy Ministry and the State energy regulation commission. The questions will be posed for consideration to the Prime Minister Simeon Saxe-Coburg as well, Ni
The operations of Nuclear power plant Kozloduy Units 1 and 2 can be prolonged till 2009 and 2012 respectively following their upgrade, a statement of the Bulgarian Nuclear Association reads. Representatives of the association called on the politicians to
Bulgarian experts will be allowed to work and study in Italy for a six-month period under a decree, to be prepared by the Italian Ministry of Labour. The move is expected to assist in the cooperated production of Italian goods in Bulgaria, Alberto Mantova
The European Bank for Reconstruction and Development (EBRD) will acquire 15% stake in Unionbank, the general shareholders meeting decided July 5. EBRD is to purchase the entire capital-raising share issue planned by the financial institutions.
The conditions for development of two-way trade between Bulgaria and Croatia are very good, President Parvanov said at the opening of a Bulgarian-Croatian business forum in Zagreb July 5. Dwelling upon Bulgaria’s advantages for investors, he stressed the
Levels of the consumer confidence index at the end of the fist half of 2002 remained unchanged from the beginning of the year (-30 points), data of the monthly survey of GfK Bulgaria, assigned by the European Commission, shows. No sharp fluctuations were
Representatives of the seven companies shortlisted to bid for the consulting contract for Danube Bridge 2, are on a visit in Vidin. The candidates are touring the site at the 796th kilometer on the Danube, where the bridge, spanning the river at Vidin and
The Privatization Agency will announce in ten days whether it allows two of the Bulgartabac Holding candidates to form consortia, Economy Minister Nikolay Vassilev and Agriculture Minister Mehmed Dikme announced at a joint news conference. The two ministe
State Energy Regulation Commission granted license to US power company AES for construction and exploitation of Maritsa East 1 thermal power plant. The project makes fast progress, Peter Barett, Executive Director of Maritsa East 1 project, said.
The Privatization Agency opened the tender for the sale of one hundred percent of the “Port flot-Burgas” capital. The tender documents cost BGN 1500 and can be bought eighteen days after the PA decision is promulgated in the State Gazette.
Insurers are obliged to present insurance applicants with written information about the respective type of insurance prior to the signing of the insurance contract, under amendments to the Insurance Act passed by Parliament at first reading July 4. The bi
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
