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
Russia's gas giant Gazprom said it was interested in an eventual privatisation of Bulgaria's state-owned gas monopoly Bulgargas, Reuters reported. "We are interested in such a privatisation and this is natural given that we are a supplier using this (Bulg
Riste Gusterov, a Macedonian, living in the United States announced that will invest BGN 8 M in a plant for finishing metal products in Bulgaria’s town Beloslav, the Bulgarian News Agency announced. Riste Gusterov is making the investment through his comp
Russia will pay its debt to Bulgaria in currency and with goods, it emerged after the meeting of Prime Minister Saxe-Coburg and Russia’s Deputy Prime Minister Alexei Kudrin. Bulgaria’s Deputy Economy Minister and Economy Minister Nikolay Vassilev said tha
Bulgaria’s Deputy Prime Ministers Nikolay Vassilev and Russia’s Deputy Prime Minister Alexei Kudrin declared that Russia and Bulgaria will invigorate bilateral economic cooperation at the meeting of the Russian-Bulgarian intergovernmental commission on tr
The Cabinet will write off the debt of the Bulgarian State Railway Company (SRC), which totals BGN 128 M by transferring them to the statute capital of the company, amendments to the Railway Transport Act, adopted by Parliament, envisage. Transforming the
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
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