The State Agriculture Fund opens five new target credit lines, for loans and subsidies, on March 1, 2002, the Agriculture and Forests Ministry said. Natural and juristic persons are eligible for money under the credit lines.
REI Holding AD will bid for a license for private railway carrier of goods and passengers, Ivan Pavlov, Executive Director of the holding said. If licensed, the company will perform carriage operations on all railways in the country.
United Bulgarian Bank (UBB) will issue bonds worth BGN 15 M on the Bulgarian Stock Exchange in April or May, the Bank's Executive Director Christos Katsanis said. The issue has been delayed for technical reasons.
State tobacco monopoly Bulgartabac Holding plans a large-scale campaign in Russia to defend the brand names of the holding’s cigarettes, the Executive Director of Bulgartabac Georgi Popov said. Swiss-based Selectinvest has registered as its own, the bran
Bank Austria will conduct a financial and legal analysis of Biochim Bank starting from March 11 as part of its preparations to buy Bulgaria’s third largest bank, the head of the Bank Consolidation Company Neli Kordovska announced. Another candidate, Bulga
Bulgaria’s biggest GSM operator Mobiltel projects 2 million subscribers at end-2002, Herbert Kordt, chairman of the Management Board, forecast. Currently Mobiltel clients are 1.
The European Bank for Reconstruction and Development (EBRD) is to sell in July its 10% stake in the United Bulgarian Bank (UBB) for USD 23 M. The share will be bought by the National Bank of Greece, a majority owner of the second-biggest Bulgarian institu
Kiril Gotsev, Ivan Takev and Dimitur Tsonev are the three candidates for the position General Director of the Bulgarian National Television, selected by the Council on Electronic Media to continue in the competition. CEM members voted by secret ballot.
Bulgaria will import 70% of its energy resources that will represent 27% of the country’s import, a concept for an energy strategy, approved by the Cabinet February 21 envisages. As far as the export is concerned, energy products will account for 14% of t
CS Metal Industries, a Malaysia based international investment group announced serious intentions to buy 75 percent stake from Bulgaria’s Incoms-Telecom Holding capital. David Gan, Managing Director of CS Metal Industries is visiting Bulgaria and together
The seventh two-day meeting of the Russian-Bulgarian intergovernmental commission on trade, economic, scientific and technical cooperation bagan on February 21. The official Russian delegation that arrived in Bulgaria is led by Russia’s Deputy Prime Mini
“The managerial contract between Bulgartabac Holding and its Executive Director Georgi Popov is not real, this is only a preliminary, working version,” Deputy Prime Minister and Economy Minister Nikolay Vassilev said in a statement for the Bulgarian Natio
The Agency for Insurance Supervision (AIS) has eased the procedure for licensing insurance companies. Under certain circumstances, insurers will be allowed to cover risks included in insurance policies they are otherwise not licensed to sell.
The Bulgarian banking system is well capitalized, a report of the Bulgarian National Bank for the first half of 2001 shows. The trend of maintaining a high capital adequacy ratio was preserved during the first six months of 2002 with the indicator standin
Italy's Miroglio Group bought a 70 percent stake in Interpred -World Trade Center Sofia from Daewoo Engineering and Construction, the Interpred management announced. Changes in Interpred's Board of Directors were made at a general meeting on February 11,
“Once again, well-known circles are the protagonists of yet another series of unsubstantiated charges against me. Acting under the guise of ‘informants’ and seekers-of-the-truth these politicians and journals “specialise” in an orchestrated war against me
CS Metal Industries, a Malaysia based international investment group is interested in buying Incoms-Telecom Holding. David Gan, Managing Director of CS Metal Industries is visiting Bulgaria and together with his partners Bisser Dimitrov, Executive Directo
Transport Minister Plamen Petrov said Bulgaria will seek to speed up a procedure for granting concessions for its three major airports in order to meet investment interest by leading European airport operators. "There are seven major European companies op
The system of analogue mobile phone operator Mobikom could be used to build a third GSM network by the future owner of the BTC state telecom monopoly, Reuters announced, citing representatives of the company. "Transition to a GSM network is one of the dev
Regional politics and infrastructure projects will be discussed at the second economic forum on trans-border cooperation among Sofia, Skopje and Nis. The forum started on March 20 and will last till March 23 in the International Exhibition Center “Bulgarr
Britain’s Hereward Ventures PLC announced that the exploration conducted by the company on the gold deposits near the village of Rosino are more than encouraging, the company announced. According to the company, samples indicate high gold concentration.
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