Business

BULGARTABAC CHIEF DENIED BRIBE ALLEGATIONS

“Soiuzcontract Tabac” is trying to forge documents proving the allegation of embezzlement against me, Georgi Popov, Managing Director of Bulgartabac Holding, said. His comment was prompted by the letter the Russian company sent to Prime Minister Saxe-Cobu

Business | April 14, 2002, Sunday // 00:00 | Viewed: 513

AMBASSADOR DISCUSSES SPANISH PROFICIENCY EXAM WITH TEACHERS

Educational and cultural activities carried out by Spain in secondary schools, universities and private educational establishments in Bulgaria were discussed by Spanish Ambassador Jose Angel Lopez Jorrin and Spanish teachers from Bulgaria and Macedonia. T

Business | April 13, 2002, Saturday // 00:00 | Viewed: 526

AGING POPULATION RAISES CONCERN

The ratio between the number of pensioners and people with insurances in Bulgaria is one of the highest among countries in transitional period, latest data show. It is expected to reach 1,04 this year, which means one working Bulgarian to each pensioner.

Business | April 13, 2002, Saturday // 00:00 | Viewed: 573

USAID TO FUND MUNICIPALITIES FOR CITIZENS’ SERVICES

The United States Agency for International Development (USAID) and the Foundation for Local Self-governance reform are to grant USD 550,000 to thirty-three municipalities under the program for improving the citizens’ services. In twenty-five of the munici

Business | April 13, 2002, Saturday // 00:00 | Viewed: 436

ANDERSEN, KPMG ABANDON CENTRAL EUROPE MERGER

A collapse in the talks between Andersen Worldwide and KPMG about merging their operations in Central Europe was reported by The Deal.com April 12.

Business | April 13, 2002, Saturday // 00:00 | Viewed: 661

COURT TO RULE ON CORPORATE SECRET DISCLOSURE TO TAX AUTHORITIES

Information that constitutes corporate secret will be disclosed on the request of the tax authorities only if the taxpayer gives their consent or if there is a court decision for that, amendments to the Tax Procedure Code envisage. A request may also be s

Business | April 13, 2002, Saturday // 00:00 | Viewed: 582

ELECTRICITY COMPANY MAY BUY CEYLAN’S S STAKE IN GORNA ARDA

The National Electricity Transmission Company may acquire Turkish Ceylan Holding stake in the joint venture for the construction of hydro-power cascade Gorna Arda. Possible ways to do this will be discussed at the shareholders’ general meeting April 18.

Business | April 13, 2002, Saturday // 00:00 | Viewed: 599

GUARANTEES FOR N-PLANT BELENE CONSTRUCTION WANTED

Representatives of the civic committee for resuming the construction of nuclear Power Plant Belene expressed concerns over the lack of state guarantees that the construction will begin till end-year. They stated the intention Prime Minister Simeon Saxe-Co

Business | April 13, 2002, Saturday // 00:00 | Viewed: 511

CROWN AGENTS FIRST REPORT ON CUSTOMS PRESENTED

The consultants from British private company Crown Agents handed Finance Minister Milen Velchev their first report on the state of the Bulgarian customs April 12. Parts of it will be published next week, while Minister Velchev will present it in Parliamen

Business | April 13, 2002, Saturday // 00:00 | Viewed: 525

BILL GATES ASKS TO MEET WITH PM IN A LETTER

Prime Minister Saxe-Coburg handed a special letter for Bill Gates to Teodor Milev, General Manager of Microsoft Bulgaria at his meeting with representatives of Microsoft Bulgaria April 12. The letter comes as a response to a letter sent by Bill Gates to t

Business | April 13, 2002, Saturday // 00:00 | Viewed: 485

COOPERATION TO BE SOUGHT ON BG BUSINESS DAYS IN AMMAN

Prospects for development of Bulgarian economy and conditions for investing and doing business in the country are to be presented by Deputy Economy Minister Milen Keremedchiev at the Bulgarian-Jordan economic forum will take place at the Amman Chamber of

Business | April 12, 2002, Friday // 00:00 | Viewed: 495

LEFTIST OPPOSITION WANTS MORE SUBSIDIES FOR AGRICULTURE

State aid for agriculture workers was sought at the meeting of the parliamentary group of Coalition for Bulgaria and the Agriculture Minister Dikme. Minister Dikme presented the progress that has been made on the in EU negotiations of the Agriculture Chap

Business | April 12, 2002, Friday // 00:00 | Viewed: 447

BULGARIA'S BIGGEST INSURER MAY BE SOLD IN TWO MONTHS

The Privatization Agency will accept final offers from the potential buyers of Bulgaria’s State Insurance Institute DZI till mid-May and the sale will most probably take place by mid-June, the deputy director of the Privatization Agency said. The Privatiz

Business | April 12, 2002, Friday // 00:00 | Viewed: 490

DEADLINE FOR BIOCHIM OFFERS EXTENDED TO MID-MAY

The deadline for submitting offers for Biochimbank, Bulgaria’s fourth largest bank, has been extended to May 15, the Bank Consolidation Company announced. The term was extended by one month to give the candidates more time for due diligence.

Business | April 12, 2002, Friday // 00:00 | Viewed: 461

US COMPANY LAYS CLAIMS TO CHIMCO FERTILIZER MAKER

New York-based IBE Trade Company is to seek the support of the Bulgarian government in restoring its property rights over Chimco fertilizer maker, Janev&Janev Agency, representing the company, announced, quoted by Pari Daily. The company’s attorney is sai

Business | April 12, 2002, Friday // 00:00 | Viewed: 447

SOFIA MAYOR TO BORROW BGN 30 M FROM BG BANKS

Sofia municipality will seek to borrow a syndicated loan from Bulgarian banks in the summer to cover a municipal budget gap. According to sources from the municipality the application will be for a BGN 30 M loan with one-year repayment term.

Business | April 12, 2002, Friday // 00:00 | Viewed: 397

COURT REJECTS EVROMETAL APPEAL AGAINST SHIPYARD TENDER

Varna District Court rejected the appeal against the tender for Varna shipyard, lodged by Evrometal AD. Evrometal AD, the company which lost the tender to the only other bidder - the Navigation Maritime Bulgare, submitted the complaint April 9, claiming t

Business | April 12, 2002, Friday // 00:00 | Viewed: 466

MACROECONOMIC ASPECTS OF IMF AGREEMENT TO BE REVIEWED IN MAY

The macroeconomic aspects of Bulgaria’s agreement with the International Monetary Fund will be reviewed in May. According to Piritta Sorsa, resident representative of the International Monetary Fund this was a standard procedure.

Business | April 11, 2002, Thursday // 00:00 | Viewed: 358

BUSINESS CONSULTATIONS HELD ON BG ECONOMY DAY, KOLN

Consultations with Bulgarian experts on improving the relations between the small and middle-sized business were held at the regular meeting in Koln, Germany, organized by the German Chamber of Industry and Commerce. It was announced that following the ad

Business | April 11, 2002, Thursday // 00:00 | Viewed: 486

RAIFFEISENBANK POSTS BGN 2 M NET PROFIT 2001

Raiffeisenbank Bulgaria reported nearly BGN 2 M of net profit for 2001, after investing heavily in its activities in Bulgaria. Its total assets rose by 93% to BGN 474 M, which makes it Bulgaria’s eighth largest financial institution.

Business | April 11, 2002, Thursday // 00:00 | Viewed: 425

OPPOSITION WANTS ENQUIRY INTO BULGARTABAC BRIBE

The rightist opposition United Democratic Forces is to move to Parliament a proposal for the setting up of a temporary commission, which is to enquire into Bulgartabac case, UDF leader Nadezhda Mihaylova said. The UDF demand was prompted by information pu

Business | April 11, 2002, Thursday // 00:00 | Viewed: 409
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