Business

EUR 5 M MORE GRANTED FOR CONSTRUCTION OF SECOND DANUBE BRIDGE

Bulgaria’s Transport Minister Plamen Petrov and Georges d’Andlau, deputy director of the French Development Agency (ADF) signed a EUR 5 M grant agreement for the construction of a second bridge on the Danube between Romania and Bulgaria Vidin-Calafat. The

Business | April 10, 2002, Wednesday // 00:00 | Viewed: 526

BULGARIAN POST BANK WITH 72% CREDIT GROWTH

The credit portfolio stands at BGN 310 M for FY2001, 72 percent up from last year’s BGN 180 M, board member Atanasios Petropulous said, quoted by Pari Daily. According to him, this ranks the Bulgarian Post Bank fourth among the crediting institutions in B

Business | April 10, 2002, Wednesday // 00:00 | Viewed: 503

RUSSIAN COMPANY INTERESTED IN CONSTRUCTION OF N-PLANT BELENE

The Russian company Atomstroiexport, which specializes in building nuclear power plants abroad, plans to bid for a contract in Bulgaria, the general director of the company said, quoted by Dnevnik Daily. Atomstroiexport will most probably bid for the cons

Business | April 10, 2002, Wednesday // 00:00 | Viewed: 463

EBRD TO LEND EUR 35 M FOR SOFIA TRANSPORT

The European Bank for Restructuring and Development (EBRD) will lend EUR 35 M to Sofia municipality for the upgrade of the Sofia city transport. The agreement on that will be signed on April 29 by Sofia Mayor Sofianski.

Business | April 10, 2002, Wednesday // 00:00 | Viewed: 475

RUSSIAN COMPANY SAYS CHIEF OF BULGARTABAC ASKED FOR BRIBE

The President of “Soiuzcontract Tabac” sent a letter to Prime Minister Saxe-Coburg, in which he accused Georgi Popov, Managing Director of Bulgartabac holding, of embezzlement, Deputy Prime Minister Nikolay Vassilev said at a news conference. In his lette

Business | April 10, 2002, Wednesday // 00:00 | Viewed: 885

EVROMETAL APPEALED AGAINST VARNA SHIPYARD TENDER

Evrometal AD lodged an appeal in Varna District Court against the tender for Varna shipyard, which it lost to the only other bidder in the tender the Navigation Maritime Bulgare. In case the violations of the tender on the part of the receivers are not re

Business | April 9, 2002, Tuesday // 00:00 | Viewed: 832

RUSSIA’S CLAIM TO BULGARTABAC SAID NOT TO AFFECT SELL-OFF

Russia’s claims to Bulgartabac's property will not affect the privatisation procedure of the tobacco monopoly, Deputy Prime Minister and Economy Minister Nikolay Vassilev said. His statement was prompted by official notes from Moscow in which Russia lays

Business | April 9, 2002, Tuesday // 00:00 | Viewed: 475

CISCO’S SOLUTIONS FOR INTEGRATED NETWORK TESTED LIVE

Unique solutions for building an integrated network were presented by Cisco Systems Inc., the worldwide leader in networking for the Internet, at the American Tech 2002 exhibition in Sofia.

Business | April 9, 2002, Tuesday // 00:00 | Viewed: 512

PRESIDENT TOURS N-PLANT KOZLODUY

A survey of 440MW generating Unit 4 and 1000MW Unit 5 of Nuclear Power Plant Kozloduy marked the beginning of President Parvanov’s visit to the Nuclear Power plant at the invitation of Energy Minister Kovachev. The president is accompanied by Emil Vapirev

Business | April 9, 2002, Tuesday // 00:00 | Viewed: 350

FLAG CARRIER RECEIVERS REPORT BGN 180 M DEBT

Fl?g Carrier Balkan Airlines debts to creditors stand at about BGN 180 M, a report of Balkan receivers Olga Milenkova and Hristo Mollov to Transport Minister Plamen Petrov shows. Last week the debt was reported to be more than BGN 290 M.

Business | April 9, 2002, Tuesday // 00:00 | Viewed: 452

FOREIGN EXPERTS TO CHECK N-PLANT SAFETY

Safety Review Mission (SRM) of the 440MW generating units 3 and 4 of Kozloduy Nuclear Power Plant will be conducted at end-June by experts of the International Atomic Energy Agency (IAEA). The mission aims to assess the units safety, following the complet

Business | April 9, 2002, Tuesday // 00:00 | Viewed: 402

THIRTY-TWO FARMING PROJECTS WILL BE FUNDED UNDER SAPARD

Thirty-two farming projects will receive a total of BGN 22 M under the European Union’s pre-accession program SAPARD, the agriculture ministry announced. The decision was taken last week.

Business | April 9, 2002, Tuesday // 00:00 | Viewed: 433

STEEL MAKER CONSTRUCTS NEW UNIT, PROFIT EXPECTED

Bulgarian steel maker Kremikovtzi AD and Austria’s Voest Alpine have resumed the construction of a EUR 33 M slab casting unit that is expected to reduce production costs by USD 35 to USD 32 per tonne of steel, Kremikovtzi Executive Director Valentin Zahar

Business | April 9, 2002, Tuesday // 00:00 | Viewed: 439

MOSCOW FOR EQUAL SHARES IN BALKAN OIL PIPELINE

Russia supports Bulgaria’s demand for 33% participation in the construction of the trans-Balkan oil pipeline Burgas –Alexandroupolis, it transpired from a letter by Russian Energy Deputy Minister Stanev to Deputy Prime Minister Kostadin Paskalev. Bulgaria

Business | April 9, 2002, Tuesday // 00:00 | Viewed: 439

EUROBANK TO PAY 12% DIVIDEND

Bulgarian private Eurobank is to pay dividend equal to 12% of the face value of the bank’s shares, the bank’s shareholders decided at their meeting. Around 75% of last year’s net profit of BGN 2,372 M will be distributed in the first dividend payment of t

Business | April 9, 2002, Tuesday // 00:00 | Viewed: 349

SEA FLEET PAID BGN 35,5 M FOR VARNA SHIPYARD

The Navigation Maritime Bulgare transferred a total of BGN 35,5 M for acquiring the assets of Varna Shipyard. The credit has been released by Raiffeisenbank, Transport Ministry press atache Sonya Momchilova announced.

Business | April 8, 2002, Monday // 00:00 | Viewed: 509

FERTILIZER PLANT RENEWED PRODUCTION, CUTS CARBAMIDE PRICE

Chimko Vratsa Fertilizer plant renewed production of carbamide on Monday. The plant reduced the price of carbamide for the domestic market due to the increased interest of the agrarian producers.

Business | April 8, 2002, Monday // 00:00 | Viewed: 747

BELENE N-PLANT CONSTRUCTION SAID TO TAKE SEVEN YEARS

It will take about six or seven years for the N-plant to start operating after a political decision for resuming the construction of a second nuclear power plant at Belene is taken, Petur Simeonov, director of Nuclear Power Plant Belene department with th

Business | April 8, 2002, Monday // 00:00 | Viewed: 442

TRANSPORT MINISTRY GRANTS EUR 1 B FOR INFRASTRUCTURE

The Ministry of Transport and Communications has ensured over EUR 1 BLN for the implementation of big infrastructure projects in Bulgaria thanks to which 16,000 new jobs will be created. New jobs are expected to be opened in the related industries, too, T

Business | April 8, 2002, Monday // 00:00 | Viewed: 394

NAVIGATION MARITIME BULGARE MAY FAIL TO PAY FOR VARNA SHIPYARD

The Navigation Maritime Bulgare may fail to pay BGN 35,5 M for the assets of insolvent Varna Shipyard by the end of the day under the conditions of a tender won last week, Dnevnik Daily reported, citing sources from the Navigation Maritime Bulgare. Local

Business | April 8, 2002, Monday // 00:00 | Viewed: 674

GLAVBOLGARSTROY TO BUILD APARTMENT BLOCKS IN TURKEY

Private construction company Glavbolgarstroy will build apartment blocks in Turkey’s town of Adapazari struck by a strong earthquake in 1999, the company executive director Evgeni Marinov said, sited by Dnevnik Daily. The company won the housing construct

Business | April 8, 2002, Monday // 00:00 | Viewed: 513
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