Business

PRESIDENT’S ADVISER TO DRAFT PLAN FOR ENCOURAGING BUSINESS

Concrete measures for encouraging small and medium-sized businesses are to be presented in a short term, Gerhard Randa, Chief Executive of Bank Austria and President’s economic adviser, said after his meeting with the head of state. Among the recommendati

Business | April 18, 2002, Thursday // 00:00 | Viewed: 507

ECONOMIC RELATIONS WITH CHINA TO BE DISCUSSED BY MIXED COMMITTEE

Bilateral economic relations and trade between the two countries, agriculture issues, as well as the agreement on the double taxation avoidance will be discussed at the ninth session of the Bulgarian-Chinese mixed committee, due to be opened today by Depu

Business | April 18, 2002, Thursday // 00:00 | Viewed: 485

FINANCE MINISTRY TO MANAGE EU PRE-ACCESSION FUNDS

All EU pre-accession funds are to be managed by the Finance Ministry, the Cabinet, the floor leaders and the parliamentary committees decided. Currently the financing under PHARE, ISPA and SAPARD are being managed by the Foreign, Agriculture and Regional

Business | April 18, 2002, Thursday // 00:00 | Viewed: 514

TBI HOLDING SAID NOT TO BID FOR BULGARIA'S BIGGEST INSURER

Dutch-based TBI Holding said it would not bid for Bulgaria's biggest insurer State Insurance Institute DZI, Dnevnik daily reported. "The fact that an investor was interested in DZI some time ago does not necessarily mean it would participate in the next s

Business | April 18, 2002, Thursday // 00:00 | Viewed: 531

TENDER FOR NEW SOFIA AIRPORT TERMINAL EXPECTED TO OPEN NEXT WEEK

Fifteen foreign companies will be invited to bid at a tender for the construction of a new passenger terminal at the Sofia international airport, Transport Minister Plamen Petrov said. The tender is planned to be launched next week.

Business | April 18, 2002, Thursday // 00:00 | Viewed: 395

CANADA’S INTELCAN TO UPGRADE MILITARY AIRPORTS

An agreement on the upgrade of the military airports at Graf Ignatievo and Krumovo was signed between Defense Minister Svinarov and Ronald Weissberger, President and Director of Canada’s Intelcan. According to the defense minister the agreement is an impo

Business | April 18, 2002, Thursday // 00:00 | Viewed: 528

BUSINESS EASTER FOR EX-PATRIOTS AGAIN ON MAY 4

The Bulgarian Business Easter initiative this year will start on May 4, Deputy PM and Economy Minister Nikolay Vassilev said at a press conference April 17. According to Maxim Behar, CEO of M3 Communications Group, Inc.

Business | April 18, 2002, Thursday // 00:00 | Viewed: 380

CUSTOMS AGENCY REVENUES UP BGN 25 M Q1

The customs administration reported over BGN 608 M of revenues into the budget for the first quarter of the year, which is up by BGN 25 M over the same period last year, Customs Agency reported. According to the Agency the negative tendency of falling cus

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 464

BG TRACE IN HUMAN ORGANS TRADE INVESTIGATED IN GERMANY

A Bulgarian man, living in Munich, has tried to create a network for sale body organs trade, Munich's Chief Prosecutor Manfred Wick announced, cited by DPA. According to him the Bulgarian maintained contacts with hospitals in Bulgaria, Romania and former

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 467

MORE THAN THOUSAND JOBS TO BE CREATED FOR N-PLANT UNITS CLOSURE

Some 1,100 people will be employed for the closure of first and second units of Bulgaria’s Nuclear Power Plant Kozloduy, Bulgaria’s Social Minister Lidia Shuleva announced during the meeting of the mixed consultative council Bulgaria-EU. She added that an

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 381

ECONOMY MINISTER NOT QUESTIONED ON BULGARTABAC’S RECENT SCANDAL

Bulgaria’s Deputy Prime Minister and Economy Minister Nikolay Vassilev said that he hadn’t been called to the Prosecutor’s Office in connection with the accusations on behalf of Garedin Gevondyan, president of “Soiuzcontract Tabac”, saying that Georgi Pop

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 447

18 COMPANIES BID FOR DANUBE BRIDGE 2 CONSULTANT

A total of eigteen consultant companies from Great Britain, France, Germany, Spain and Denmark want to prepare the tender documents of Danube Bridge 2 project, it transpired on April 17. Four companies will be selected by a commission and presented for ap

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 431

PETROL DISTRIBUTOR MARKS ANNIVERSARY WITH UNIQUE AUTO FIESTA IN SOFIA

Unique retro car models drove next to the last models of BMW, Citroen, Jaguar, Ford, Mercedez, Opel and Peugeot at a unique show, organized by Bulgaria’s petrol distributor “Petrol.” The auto fiesta is part of the campaign of the company, organized to mar

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 493

SLOWER RATE OF ECONOMIC GROWTH PREDICTED BY EC

Bulgaria has the potential for continued high economic growth over the coming years, though at a slower rate than the one registered in 2000 - 5.8%, the European Commission forecasts in its Report on Macroeconomic and Financial Sector Stability Developmen

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 392

BULGARIAN-JORDANIAN TRADE EXPECTED TO TRIPLE IN NEXT HALF-YEAR

Trade between Bulgaria and Jordan are expected to triple in the next six months, Deputy Economy Minister Milen Keremedchiev said upon his return from Jordan where he headed a delegation of Bulgarian businessmen for the Days of Bulgarian Business. A total

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 422

CROP DUSTER HEROS COMPANY SETS FOOT IN SAUDI ARABIA

Haskovo-registered Heros company became the first Bulgarian crop dusting company to set foot in Saudi Arabia, after contracting to treat over 900,00 hectares of land with pesticides as part of the Kingdom’s regular annual campaign against mosquitoes. Unde

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 846

TWO TOWNS TO GENERATE ELECTRICITY WITH WIND-POWERED TURBINES

One hundred wind-powered turbines will generate electricity near the town of Dobrich (Northeastern Bulgaria), the Dobrich regional governor Ivan Ivanov said, quoted by Dnevnik Daily. Germany’s KC Trading was contracted for the wind-power project for EUR 6

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 472

BULGARIAN COMPANIES BID FOR SKOPJE BUS MAKER

Two Bulgarian companies, Bulmak 2000 and Marikor, are among the four bidders for Skopje-based bus manufacturer FAS in an international tender. Two Macedonian companies will also vie for the plan.

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 814

GROSS FOREIGN DEBT DOWN

Cumulative gross foreign debt fell by 1,8% or a net USD 175,2 M for the first two months of 2002 after principal payments, preliminary figures of the central bank show. Gross foreign debt stood at USD 9,738 B at end-February.

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 437

INTERIOR MINISTRY TO TAP MOBILE NETWORKS, AMENDMENTS ENVISAGE

The Bulgarian Telecommunication Company and the mobile phone operators in Bulgaria will be obliged to supply and install at their own expense infrastructure for use of the national security and defense services, amendments to the Telecommunication Act, pr

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 437

COURT RULES BRADY BOND SWAP LEGAL

The Constitutional Court ruled Parliament's three ratifications, approving the foreign debt restructuring deal, legal. At a closed sitting the judges from the Constitutional Court rejected the request, tabled by 48 MPs from the rightist opposition United

Business | April 16, 2002, Tuesday // 00:00 | Viewed: 621
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