Bulgaria will be among the priority destinations for Swiss investments, it emerged after a meeting of Economy Minister Nikolay Vassilev with representatives of the State Secretariat for Economic Affairs and the Swiss Organization for Facilitating Investme
The Board of Directors of the Bank Consolidation Company (BCC) gave Bank Austria until July 26 to sign the contract for the acquisition of the full 99,6 % state stake in Biochim Bank. In late May, the Bank Consolidation Company (BCC) chose Bank Austria as
LUKoil-Neftochim, Burgas-based oil refinery, will pay off all its liabilities to the state under the privatisation contract till end-July. The company’s profit for last year stands at some BGN 3, 800 M, taxes and instalments to the municipal councils excl
The falling levels of the dollar reflect positively on the budget since in this way the amount of the foreign debt in dollars is reduced, Finance Minister Velchev said. If the foreign debt totals USD 8 BLN, then 10% means 20% reduction of the foreign debt
Defense Minister Nikolay Svinarov guaranteed that final decision for the technology, place and time of the destruction of the SS-23, SCUD and FROG missiles will be taken after an experiment on the destruction of a single missile complex is made. On June 2
Complains for missing luggage at Sofia Airport have dropped dramatically in the last seven months, Airport CEO Stoil Pashkounov said. This has been achieved through improved security and the mounting of security cameras.
Austria’s CSI Handels und Beteiligungs was selected buyer of telecommunications equipment maker Incoms Telecom Holding (90% of the capital of Incoms Telecom Holding, 40% of Incoms IRET AD, 29% of Incoms SET of Russe and 40% of Incoms Household Equipment).
Deputy Prime Minister and Economy Minister Nikolay Vassilev presented investment opportunities in Bulgaria at a business forum dedicated to Bulgaria in Zurich. Over seventy Swiss companies participated in the forum.
First Investment Bank is named Bank of the Year 2001 for the whole banking system by Pari Daily, it transpired at a press conference at Hilton Sofia June 26. Besides the award under the complex criterion four more banks were ranked first in different cate
The sale of Bulgaria’s fourth largest bank Biochim Bank is expected to be completed by July 12, Finance Minister Velchev announced upon his return from the United States. In late May, the Bank Consolidation Company (BCC) chose Bank Austria as an exclusive
Framework and practical assignments in the technical and financial cooperation between the Economy Ministry and the Federal Ministry for Economy Cooperation and Development were outlined during the two-day talks between representatives of the two ministri
Rightist opposition party Union of Democratic Forces (UDF) warned at a news conference in Parliament that the privatisation of tobacco monopoly Bulgartabac was doomed to failure. The UDF economists declared that there was a drastic fall in the company’s r
The vision and strategy of Sony Ericsson as well as the new product portfolio were presented during the company’s first press conference in Bulgaria, on June 26, at Sheraton Sofia Hotel Balkan. “Our goal is to become the number one player in mobile multim
Economic data about Bulgaria in the second quarter of 2002, the progress of reforms, the intentions of the Government, and the implementation of the country's agreement with the IMF were presented at the meeting of IMF Managing Director Horst Koehler and
GDP growth in 2002 will fall short of government’s 4,5 percent target to two percent, the Economics Institute with the Bulgarian Academy of Science projected. The lack of new technologies and investments is to dampen economic growth.
The government will discuss Thursday the draft of a Bulgarian-German agreement that will make available grants amounting to some eight million euros. EUR 4 M will be available for lending to small companies, EUR 2 M for the construction of a second bridge
All 70,000 or so business registered for VAT reimbursement under Bulgarian law will be required to open a VAT account by end-July with the banks to manage their current accounts according to new regulations to be published in the State Gazette on Friday,
The Regional Development Ministry will apply for financing from EU pre-accession funds with projects for the construction of water treatment plants and for the renovation of water supply and sewerage infrastructure, Dnevnik Daily reported. Some BGN 5 BLN
The National Electricity Transmission Company (NEC) suggested that Turkey’s Ceylan Holding sell its shares in Gorna Arda Hydropower Company at face value plus 8% interest rate, Deputy Prime Minister and Regional Development Minister Kostadin Paskalev anno
Steve Forbes is not well informed on the International Monetary Fund (IMF) policy in Bulgaria, Piritta Sorsa, IMF Resident Representative, commented the statement of US publishing magnate Steve Forbes. During his visit in Sofia last week Steve Forbes expr
Bulgaria is among the countries in Central and Eastern Europe with controlled levels of inflation in spite of the different external shocks and the changes in the structures of the relative prices. That is a conclusion of a report of the European Office o
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
