KABEL COMMERCE ACQUIRED HYDROPOWER PLANT
Sofia-based Kabel Commerce won a public auction for the Cherni Osam hydropower plant , outbidding the other six candidates for the 2.05 MW facility with an offer of BGN 4.
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SOFIA NEEDS 200 MILLION EUROS FOR THREE PROJECTS
Sofia seeks EUR 200 M funding for three projects, Dnevnik Daily reported. The first project is intended to solve the problem with the city dumping ground whose capacity will be exhausted by 2005.
GERMANY’S TCHIBO PLANS EXPANSION IN THE BALKANS
The German coffee maker and distributor Tchibo Frisch-Roest-Kaffee GmbH is considering to expand its activities in Hungary, and will also use the country as a base to direct its expansion into Bulgaria and the former Yugoslav states, Budapest Business Jou
KUWAIT TO FUND BULGARIAN HYDRO PROJECT
Kuwait will assist financially Bulgaria to complete the construction of the Nikodin, Chataldja and Hancheto water reservoirs. That was announced by Bulgaria’s Agriculture Minister Mehmed Dikme after a meeting with representatives of the Kuwait’s fund for
SOPHARMA WON PUBLIC AUCTION FOR PHARMACHIM HOLDING
Sopharma Bulgaria won the open bidding public auction for the sale of a 100% of the capital of Pharmachim Holding and nearly 46% of the capital of the Chemical Pharmaceutical Research Institute held June 3 at the Privatisation Agency. The two companies we
PUTIN HOPES PM’S VISIT WILL BE TURNING POINT IN BILATERAL RELATIONS
Russian President Vladimir Putin voiced the hope that the official visit by Prime Minister Simeon Saxe-Coburg to Moscow will mark a turning point in bilateral relations. At the beginning of his half-hour meeting with the Bulgarian prime minister he underl
PRESIDENT FINDS LACK OF FOREIGN INVESTMENTS ALARMING
The flow of foreign investments to Bulgaria has marked no increase over the last two years, President Parvanov said in his opening speech at Investment Forum 2002, with the participation of more than 400 representatives of the Bulgarian and foreign busine
PHARMACHIM HOLDING PUBLIC AUCTION TO BE HELD TODAY
The public auction for the sale of a 100% of the capital of Pharmachim Holding and nearly 46% of the capital of the Chemical Pharmaceutical Research Institute is to be held today at the Privatisation Agency. The two companies are sold in a package.
BG SEA FLEET TO APPEAL DECISION OF VARNA SHIPYARD CREDITORS
The Navigation Maritime Bulgare started work on June 3 as the owner of Varna Shipyard. The general meeting of the creditors of the Varna Shipyard held the same day decided all expenses of the company since April 12 to be covered by the new owner, since th
VERHEUGEN: COMPROMISE ON N-PLANT 3,4 UNITS WILL BE HARD TO REACH
It will be difficult to reach a compromise with the EU member states if Bulgaria declines to close third and fourth units of the Nuclear Power Plant Kozloduy before 2008 and 2010, EU Enlargement Commissioner Guenter Verheugen said. Asked whether the Europ
SOCIAL MINISTER SAYS GREY ECONOMY EVOLVES INTO BIG THREAT
There is grey economy in all developed countries but in Bulgaria it surpassed all limits, Bulgaria’s Deputy Prime Minister and Social Minister Lidia Shuleva commented. “Obviously we have created the conditions that this grey economy develops so extensivel
EXPERTS DEMAND NEW LAW ON ROSE OIL PRODUCTION TO BE ADOPTED
Experts participating in a roundtable discussion on the problems of the domestic industry for essential oil proposed a new law on rose oil production to be adopted.The area of domestic rose plantations has plummeted from 6,500 ha in early 20th century to
ARMED FORCES MODERNIZATION MIGHT BE COMPLETED EARLIER THAN PLANNED
The term for modernization of the Bulgarian armed forces will be shortened by five years, General Moho Mihov, Head of the General Staff of the Bulgarian Armed Forces forecast in an interview for the Bulgarian News Agency. Mihov’s extended mandate ends on
GERMANY TOPS LIST OF INVESTORS IN BULGARIA IN 2001
In 2001 Bulgaria’s trade exchange with Germany amounted to USD 1592 M (12.9 percent of the total amount of Bulgaria’s foreign trade exchange).
E-COMMERCE LAW TO BE ADOPTED BY END-2002
“E-government” was the main topic at the meeting between Bulgaria’s State Administration Minister Dimitur Kalchev and representatives of the American Chamber of Commerce in Hilton Sofia. The minister promised that e-commerce law will be adopted by the end
DRIVERS WITHOUT INSURANCE TO BE FINED 500 LEVS
The drivers who did not pay the mandatory insurance - "Civil Liability", will pay fines from BGN 100 to BGN 500, read the amendments to the Insurance Act, passed on first reading by the parliamentary budgetary committee. Currently, the fines are much more
WB LOAN TO FUND TEACHERS’ RETRAINING
Nearly 1 million euros of a World Bank loan under the project Modernization of Education in Bulgaria will be re-channelled to finance programs for teachers' qualification and retraining. Education Minister Vladimir Atanassov and officials from the World B
RUSSIA EYES CONSTRUCTION OF N-PLANT BELENE
Russia officially declared its interest in the construction of Bulgaria’s Nuclear Power Plant Belene. That happened during the meeting of Bulgaria’s Energy Minister Milko Kovachev with Russia’s Minister of Atomic Energy Aleksandr Yuryevich Rumyantsev, on
LUKOIL SEEKS TO EXPAND IN BULGARIA
Vagit Alekperov, Lukoil president on a visit to Bulgaria declined to confirm or deny a media report that the Russian oil major was about to acquire a major network of filling stations in Bulgaria. Alekperov said that Lukoil will further expand in Bulgaria
BANK AUSTRIA TO ACQUIRE BIOCHIM BANK
The Bank Consolidation Company (BCC), the governmental body that manages the privatisation of state banks, chose Bank Austria as an exclusive buyer for the full 99,59 percent state stake in Bulgaria’s fourth largest bank Biochim. “We decided to give to th
ENEL ASKS FOR MORE TIME TO STUDY POWER PROJECT
Italy’s energy company Enel Power requested the Bulgarian government to grant it two months more to complete its feasibility study for the construction of the Gorna Power hydropower cascade, Regional Development Minister Kostadin Paskalev said. Paskalev u
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