Business
The first stage of the Balcard project for smartcards cross-border transactions over the Internet started, said Alexander Matrozov, Managing Director of BORICA Ltd. (Bank Organization for Payments Initiated by Cards), the national card system operator.
Business | February 26, 2002, Tuesday // 00:00
| Viewed: 467
Bulgaria's decision to keep golden shares in telecom and tobacco monopolies after privatisation may discourage investors and further hinder the already difficult sales, the IMF and analysts said, quoted by Reuters. The government plans to sell up to 65 %
Business | February 26, 2002, Tuesday // 00:00
| Viewed: 330
WorldGate, leading provider of interactive entertainment solutions for the cable television industry, announced that Evrotur Sat TV, Bulgaria’s largest cable operator, has selected WorldGate's interactive products as value-added service offerings for all
Business | February 26, 2002, Tuesday // 00:00
| Viewed: 493
Bulgaria’s projects under PHARE for 2002 exceed almost two times the estimates of the European experts based on the implementation of projects in previous years, Deputy Economy Minister Sofia Kasidova said. According to European experts Bulgaria lacks the
Business | February 26, 2002, Tuesday // 00:00
| Viewed: 418
Vratsa-based fertilizer plant Chimco doubled its carbamide output for domestic consumption, the management said. Running at 50% of its production capacity, the company produces 600 tonnes of carbamide every day.
Business | February 26, 2002, Tuesday // 00:00
| Viewed: 569
National carrier Balkan Airlines finalized the sale of four of the slots at London Heathrow Airport, receiver Hristo Mollov announced. The slots will become property of British Airways against 3,150,000 pounds.
Business | February 25, 2002, Monday // 00:00
| Viewed: 806
The World Bank will suggest that the Cabinet work out a program for subsidizing the poorest electricity consumers, and not the producers, it transpired after the meeting of President Parvanov and Andrew Vorkink, World Bank Director for Bulgaria, Romania a
Business | February 25, 2002, Monday // 00:00
| Viewed: 671
"We've managed to close down a page in Bulgarian-Russian relations, which the previous governments did not do for seven years. This is the first step in melting the ice between the two countries," Bulgaria’s Deputy Finance Minister Katev said, commenting
Business | February 25, 2002, Monday // 00:00
| Viewed: 576
Bulgaria's government will write off a BGN 127.5 M debt owed to the state by indebted state railway company, a senior Transport Ministry official said February 25, quoted by Reuters.
Business | February 25, 2002, Monday // 00:00
| Viewed: 504
Veliko Turnovo District Court postponed the hearing of the case on Balkanbank leakage of funds February 25 and rescheduled it for March 28. The third postponement of the case followed the Court’s decision on irregularities in summoning Roseximbank represe
Business | February 25, 2002, Monday // 00:00
| Viewed: 564
Italian and Russian investors have shown interest in acquiring bankrupt rubber producer Vidachim, given that the state writes off the company’s debt, Privatization Agency announced. Italy’s Marangoni and Russia’s Tetraneft are two of the investors, the na
Business | February 25, 2002, Monday // 00:00
| Viewed: 383
Bank Assets in January rose to BGN 120 M, Central Bank data show. The total assets of the banking system amounted to BGN 12,340 BLN end-January in 2001.
Business | February 25, 2002, Monday // 00:00
| Viewed: 627
The National Electricity Transmission Company (NEC) may call an international tender for intermediaries in power exports, Dnevnik Daily reported, citing representatives of the company. The tenders will be opened this year given that production capacity is
Business | February 25, 2002, Monday // 00:00
| Viewed: 623
Swiss-based Olberg Holding acquired 100% of the shares of Evromangan AD company that holds a 25-year concession for the idled Oborishte manganese mine. The buyer plans to buy new equipment, rehabilitate the facilities, restart production and raise output
Business | February 25, 2002, Monday // 00:00
| Viewed: 1192
“Generally, I am for reducing the tax burden,” Piritta Sorsa, Head of the Bulgarian mission of the International Monetary Fund (IMF) said in an interview for Standart Daily, pointing out that it should always be made sure that the budget revenues will suf
Business | February 24, 2002, Sunday // 00:00
| Viewed: 488
The Privatization Agency will offer for sale 80% of indebted state-owned copper smelter Eliseina, which has been idle for months already. The sale is to be made via competitive bidding.
Business | February 24, 2002, Sunday // 00:00
| Viewed: 704
Bulgaria’s banking system is well capitalized, a Bulgarian National Bank report for the first half of 2001 shows. During the first six months of the year, the trend for banks to preserve a high capital adequacy ratio was kept; the indicator was 32,1% comp
Business | February 24, 2002, Sunday // 00:00
| Viewed: 590
The civil union for trade initiative will organize the establishment of an Economic Growth Council, Borislav Borissov, chairman of the managing council with the union announced. The purpose of the union will be to create mechanisms for economic developmen
Business | February 24, 2002, Sunday // 00:00
| Viewed: 386
The strategy for the privatization of the Bulgarian Telecommunications Company (BTC) will be tabled in the Council of Ministers during this week, Ilia Vassilev, deputy executive director of the Privatization Agency announced. On February 15, at a closed m
Business | February 24, 2002, Sunday // 00:00
| Viewed: 456
Bulgaria's lev eased against the euro late on Friday as banks continued to buy the single currency to profit from higher yeilding euro deposits, traders said as quoted by Reuters. The lev ended at 1.
Business | February 24, 2002, Sunday // 00:00
| Viewed: 628
Bulgaria’s biggest GSM operator MobilTel won “World quality award XXI century” of the World Marketing Organization, the company announced. Companies who have extraordinary results in the quality of their products and services, in spite of the difficulties
Business | February 23, 2002, Saturday // 00:00
| Viewed: 487
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