Business

DAIMLER-CHRYSLER WILL PARTICIPATE IN MIG-29 UPGRADE VIA MAPS

German-US Concern Daimler-Chrysler is willing to invest in infrastructure projects and components manufacturing, provided that it is selected to upgrade the Bulgarian army carriers, Klaus Mangold, member of the Daimler-Chrysler managing board, said. Klaus

Business | July 2, 2002, Tuesday // 00:00 | Viewed: 715

GERMAN-US CONCERN DAIMLER-CHRYSLER MAY CONTRACT LOCAL COMPANIES

Bulgarian companies could be contracted by Daimler-Chrysler to manufacture components for electronic equipment, Transport Minister Petrov said after his meeting with Klaus Mangold, member of the Daimler-Chrysler managing board and head of a German delegat

Business | July 2, 2002, Tuesday // 00:00 | Viewed: 532

SOLE BID FOR STATE INSURER DZI TO BE OPENED TODAY

the Privatisation Agency will open in public the sole bid for 80% in the biggest state insurer DZI. The bid is of Sofia-based Contract OOD, whose activities include consultancy, marketing and advertisements, production of goods and services.

Business | July 2, 2002, Tuesday // 00:00 | Viewed: 475

NUCLEAR POWER PLANT INVITES TENDER FOR FUEL SUPPLIERS

Nuclear Power plant Kozloduy will invite tender for the supply of fresh nuclear fuel for units 5,6, Yordan Georgiev, Director of the Energy Ministry’s Nuclear Safety Directorate, said, cited by Dnevnik Daily. This is to be the first international tender f

Business | July 2, 2002, Tuesday // 00:00 | Viewed: 439

GOVERNMENT ANNOUNCE T-BILL FLOTATION

The Finance Ministry will offer a total of BGN 25 M (USD 12.69 M) of five-year, fixed interest T-notes July 8, Dnevnik Daily reported.

Business | July 2, 2002, Tuesday // 00:00 | Viewed: 389

RUSSIAN BANK TEAMS UP IN CONSORTIUM FOR BULGARTABAC PRIVATIZATION

Russia’s Regional Prospect Bank and cigarette distributor Market-Fort have teamed up in the Consortium Rosbulgartabac AD to bid for a 51-80% stake in the tobacco major Bulgartabac Holding. The consortium aims to restore Bulgartabac presence on the Russian

Business | July 2, 2002, Tuesday // 00:00 | Viewed: 401

ROSEXIMBANK/INTERAMERICAN CONSORTIUM IS SOLE BIDDER FOR INSURER DZI

Only one offer for 80% of the biggest state insurer State Insurance Institute DZI was submitted to the Privatisation Agency before the deadline expired at 5 p.m.

Business | July 1, 2002, Monday // 00:00 | Viewed: 349

FINANCE MINISTER PRESENTS SEVEN DEALS BREACHING PROCUREMENT ACT

Finance Minister Velchev presented seven deals of the Finance Ministry from the time when Muravey Radev headed it in violation of the Public Procurement Act. Five of them have been terminated and the documents have been sent to the competent bodies.

Business | July 1, 2002, Monday // 00:00 | Viewed: 384

GERMAN BUSINESSMEN SEEK OPPORTUNITIES FOR INVESTMENTS

Business delegation from Germany, including representatives of big companies from the banking sector, tourism, insurance, transport, telecommunications and energy will study the opportunities for investments in Bulgaria. The businessmen are scheduled to h

Business | July 1, 2002, Monday // 00:00 | Viewed: 456

ELECTRICITY PRICE HIKES OF 20% BECAME EFFECTIVE JULY 1

Prices of electricity for household use will soar by some 20% this year under a three-year schedule approved by the State Energy Regulation Commission last week. The new higher prices became effective July 1, they will go up by 15% in 2003 and another 10%

Business | July 1, 2002, Monday // 00:00 | Viewed: 405

DEADLINE FOR INSURER DZI FINAL BIDS EXPIRES TODAY

The deadline for placing final offers for 80% of the biggest state insurer State Insurance Institute DZI expires at 5 p.m.

Business | July 1, 2002, Monday // 00:00 | Viewed: 450

BLAGOEVGRAD BT WILL DISTRIBUTE 72% OF NET PROFIT AS DIVIDEND

Blagoevgrad BT cigarette factory will distribute 72% of its net profit for 2001 as a gross dividend of BGN 5,59 per share or 4, 75% per share after the tax deduction, the company’s general shareholders meeting decided, quoted by Dnevnik Daily. Ten percent

Business | July 1, 2002, Monday // 00:00 | Viewed: 447

SWISS BUSINESSMEN EYE BULGARIA AS GOOD DESTINATION FOR INVESTMENTS

The interest of the Swiss investors to do business in Bulgaria is very big, Deputy Prime Minister and Economy Minister Nikolay Vassilev announced upon his return from Switzerland where he attended the Crans Montana thirteenth annual economic forum. I expe

Business | June 30, 2002, Sunday // 00:00 | Viewed: 418

EUROPEAN PARLIAMENT ASKED TO LOBBY AGAINST CLOSURE OF N-PLANT UNITS

Bulgaria’s President Georgi Parvanov sent a letter to the leaders of the European Parliament, asking for their support against the decommissioning of third and fourth units of Bulgaria’s Nuclear Power Plant Kozloduy. That was announced by Gordon Adam from

Business | June 30, 2002, Sunday // 00:00 | Viewed: 418

SECOND TRANCHE OF IMF LOAN EXPECTED AFTER JULY 20

The grant of the second tranche from the International Monetary Fund depends on whether the IMF Board of Directors will approve the agreement with Bulgaria as reviewed in late May. The meeting of the IMF Board of Directors will take place on July 20.

Business | June 30, 2002, Sunday // 00:00 | Viewed: 386

BRITAIN’S BNFL SEEKS TO BE CONSULTANT IN CLOSURE OF 1,2 N-PLANT UNITS

The British company BNFL and Westinghouse will take part in the tender for consultants in the decommissioning of first and second units of the Bulgarian Nuclear Power Plant Kozloduy, representatives of the company announced at the international nuclear fo

Business | June 30, 2002, Sunday // 00:00 | Viewed: 576

GLOBUL WITH FULL BLACK SEA COAST NETWORK BY END-2002

By the end of 2002, Bulgaria’s second GSM operator will finish with the construction of its Black Sea coast network, the company announced. Now, the network covers the resorts Golden Sands, Sunny Beach, St.

Business | June 30, 2002, Sunday // 00:00 | Viewed: 517

SWISS INVESTMENTS IN BULGARIA INCREASE, DEPUTY PM CLAIMS

“There is a trend for steady increase of the Swiss investments in Bulgaria,” Bulgaria’s Deputy Prime Minister and Economy Minister said. He explained that some BGN 12 M have been invested in Bulgaria for the first four months of the year, only in April th

Business | June 29, 2002, Saturday // 00:00 | Viewed: 431

CHIMKO SYNDICATES THREATEN WITH STRIKE

The leaders of the three syndicates in Chimko Vratsa Fertilizer plant – Bulgaria’s Trade Union “Podkrepa”, Confederation of Independent Trade Unions in Bulgaria (CITUB) and syndicate “Promyana” signed an agreement to organize a joint protest. The demands

Business | June 29, 2002, Saturday // 00:00 | Viewed: 536

BG SHOULD LOBBY FOR LATER N-PLANT CLOSURE, EUROPEAN PARLIAMENT MP SAYS

Gordon Adam from the European Parliament recommended at a news conference Bulgaria to negotiate for prolonging the terms for exploitations of third and fourth units of the Kozloduy Nuclear Power Plant especially after the positive assessment of the missio

Business | June 29, 2002, Saturday // 00:00 | Viewed: 379

RELATIONS WITH TURKEY NOT EXPECTED TO SUFFER FROM GORNA ARDA PROBLEMS

The government is resolute to realize the Gorna Arda project and to employ as many as possible Bulgarian workers in the construction of the hydropower cascade, Deputy Prime Minister and Regional Development Minister Kostadin Paskalev said. He added that t

Business | June 29, 2002, Saturday // 00:00 | Viewed: 373
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