EARTHQUAKE 290 KM SOUTHEAST OF SOFIA REGISTERED
An earthquake measuring about 4.5 points on the Richter scale was registered at 7.
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14% OF BULGARIANS USE INTERNET, SURVEY SHOWS
About 14% of the Bulagrians use Internet, a survey conducted by Alpha Research agency, shows. Experts comment that Internet is becoming quickly a regular new provider for the Bulgarians.
BG INDUSTRIAL HOLDING WILL SELL ITS STAKE IN ALCOMET TO TURKEY’S FAF
Industrial Holding Bulgaria and Turkey’s FAF Metal, which hold equal stakes in Alumetal joint venture agreed that the holding will sell its stake to FAF, thus ending a row over the control of Alcomet aluminium plant in Shumen that has idled it since mid-F
WORD BANK INVESTMENT ARM INTERESTED IN BIOCHIMBANK SELL-OFF
International Finance Corporation (IFC), the World Bank’s Investment arm, has shown serious interest in the privatization of Biochim bank, Neli Kordovska, Director of the Bank Consolidation Company BCC, said. In her opinion it is highly probable that IFC
FOREIGN MINISTER SIGNED JOINT LETTER FOR SOFIA-SKOPJE RAILWAY AID
Foreign Minister Passy and his Macedonian counterpart Minister Slobodan Casule signed a joint letter for securing political and financial support from international institutions, including NATO, EU, Stability Pact , and the World Bank for the construction
GREECE POSTPONES SIGNING MEMO ON OIL-PIPELINE BURGAS-ALEXANDROUPOLIS
Greece has submitted a request for postponing the signing of a trilateral memorandum on the construction and exploitation of the oil pipeline Burgas-Alexandroupolis by Bulgaria, Russia and Greece, Hassan Hassan, Deputy Minister of Regional Development and
BULGARIAN DREAM PROGRAM OFFERS BRIGHT PROSPECTS TO ECONOMISTS
Bulgarian Dream National Program for assisting young specialists and undergraduate economists in their professional realization already started, Deputy Prime Minister and Economy Minister Nikolay Vassilev said. In his opinion the educational system on eco
ERICSSON AND SIEMENS TO HELP MODERNIZE SOFIA TELEPHONES
A total of 180,000 new digital subscription lines will be built in Sofia till the end of November this year, under the contracts Bulgarian Telecommunication Company signed with Ericsson Telecommunication Bulgaria and Siemens Information and Communication
UNDP REPORT: BULGARIA STILL NEEDS EXTERNAL FINANCIAL SUPPORT
Financing from foreign donors in Bulgaria slowed down in 2000, but nevertheless the country still needs external financial support in order to assure its macro-economic stability and balance of payment, the annual report of the UNDP said. Despite the posi
FORMER URANIUM MINING COMPANY FOR SALE
The Privatisation Agency (PA) will offer for sale a 76% stake in the Redki Metali mining company that used to extract uranium ore from Buhovo deposit near Sofia until 1990s. Currently the company is carrying out geological research and prospects for miner
GLOBUL ATTRACTS CLIENTS WITH LOWER PRICES
Bulgaria's GloBul GSM network, owned by Greek telecom OTE, announced a price cut for prepaid SIM cards, starting March 8, with rates per minute dropping to BGN 0,79 from current BGN 0,97, VAT excluded. The rate will be flat for all networks.
DEAL ON ROAD TOLLS WITH TURKEY DELAYED
Bulgaria and Turkey delayed until April an agreement on high-way tolls, so that the issue might be considered for a longer period of time by Ankara, Plamen Petrov, Transport and Communications Minister, announced. Turkey, which claims its tolls are lower
SOFIA AIRPORT ANNOUNCED FIRST TENDER FOR TRANSPORT COMPANIES
Sofia Airport announced the first so far tender for transport companies, which are to transport the passengers from the airport to the city. The companies will have two stopping lots in front of the garage lot, seven parking lots and an office.
RUSSIAN COMPANIES INTERESTED IN VIDACHIM PRIVATISATION
Two Russian companies – petrol company Tatneft and Nizhnekamskshina - have shown interest in the privatisation of Bulgarian bankrupt chemical plant Vidachim. Their representatives are expected to visit the plant till mid-March and check its capacities.
TRADE UNION INSISTS ON LOWER UNEMPLOYMENT INSURANCE
The Confederation of Independent Trade Unions in Bulgaria (CITUB) demanded for a 3% unemployment insurance during the negotiations for budget 2003. In 2002 the instalment to the Unemployment Fund is set at 4%, equally divided between the emploer and the e
BULGARIAN EMPLOYEES AND NATIVES IN PORTUGAL TO ENJOY EQUAL RIGHTS
Bulgaria and Portugal endorsed agreement on reciprocal employment March 2, which will be enforced after it is signed in Portugal in two moths’ time. Under the agreement no limits or quotas are to be placed on the number of the employees or the type of wor
MADE IN BULGARIA UNION AWARDED ZLATNA MARTENITSA WINNERS
Layns Holding – Sofia was awarded the traditional Golden Martenitsa annual award of Made in Bulgaria union. The Holding topped the category for Bulgarian company with considerable contribution to raising productivity and quality.
NEGLIGENT MOVEMENT ON STOCK EXCHANGE LAST WEEK
Equities trade on the markets of the Bulgarian Stock Exchange was relatively calm over the last week. The trade in all sectors exceeded that of the previous week.
BULGARTABAC PRIVATIZATION PROJECTED TO END IN JULY LATEST
The privatization procedure of Bulgartabac is expected to be launched in April or May and to be completed in July at the latest, Agriculture Minister Mehmed Dikme said. He confirmed that top priority will be the protection of 250,000 producers’ interests,
TURKEY INTERESTED IN BULGARIAN TELECOM SELL-OFF
Turk Telecom is interested in the privatisation of the Bulgarian Telecommunications Company (BTC),Transport and Communications Minister Plamen Petrov said at the final plenary session of the Bulgarian - Turkish transport and telecommunications commission.
NEW EUROBOND ISSUE POSSIBLE THIS YEAR
It is highly probable that a new Eurobond issue will be launched in 2002, Finance Minister Milen Velchev announced. We are in constant dialogue with the big players on the market, he added.
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