The State must delegate to private companies the right to manage and preserve culture monuments, participants in the Second National Round table on Culture demanded. According to them culture institution’s reports does not reflect the real state of affair
International Center for small and middle-sized business training was organized by the Civic Union for Business Initiative together with Israel Foreign Ministry Center for International Cooperation Mashav and the International Institute of Histadrut, Isra
The price of electricity generated by the Maritza East 1 thermal power station will go up by 10%, and Maritza East 3 electricity - by 3.6 % if US investors AES and Entergy projects are realized, Energy Minister Milko Kovachev said at the parliamentary con
NASDAQ-listed software maker AremisSoft, which contracted the National Health Insurance Fund (NHIF) on the development of its software, is to announce officially its withdrawal from Bulgaria on January 30, representatives of the company announced. The mee
The privatisation strategy of the state-owned tobacco holding Bulgartabac will be approved by the Government during the ministers’ meeting next week, Deputy Prime Minister and Economy Minister Nikolay Vassilev announced on January 25. Bulgartabac is 92% s
Bulgaria is ready to grant EUR 2,500 M of technical assistance to Afghanistan, Finance Minister Milen Velchev said. Commenting Bulgaria’s participation in the Tokyo International Conference on Reconstruction Assistance to Afghanistan Minister Velchev said
An agreement with the United States Agency for International Development (USAID) for USD 250,000 for fighting forest fires was approved by the Cabinet. Deputy Prime Minister Nikolay Vassilev was authorized to sign the agreement, under which USAID will pro
State-owned shipping company BMF (Navibulgar) plans to buy two second-hand cargo ships in an effort to modernize its fleet and remain afloat. The company’s pre-tax profit is expected to rise to BGN 985,485 from BGN 680,000 in 2000.
A draft agreement for extending a EUR 54 M-funding under the European Union pre-accession program SAPARD was approved by the Cabinet January 24. The grant will be released by the European Commission for support of agriculture and rural areas in the Balkan
One-lev coin will replace the paper notes by July, Svetoslav Gavriiski, Bulgarian National Bank director announced. One- lev banknotes will be gradually distributed for circulation.
Bulgaria will launch a privatisation tender for the Bulgarian Telecommunications Company (BTC) in the next two weeks in a procedure expected to end by early June, Bulgaria's Deputy Transport and Communications Minister Nikolay Nikolov, who is also board c
Gorna Arda project is to be split into two parts -- investment and implementation, it transpired after the end of the 15th session of the mixed Bulgarian-Turkish Intergovernmental Committee for Economic and Technical Cooperation. Deputy Prime Minister and
By the end of March, Hong Kong investment fund iRegent, owner of 99,03% of Bulgaria’s Hebrosbank will invest further USD 2,5 M under the privatization contract. Hebrosbank will post a BGN 21,866 million pre-tax profit for last year, the December report of
Local manufacturers will be given preferential treatment at tenders for public procurement orders, amendments to the Public Procurement Act adopted by Parliament. The preferences, equal to 10% of the price offered by producers at tenders, aims to boost sm
Bulgaria and Romania offer the best savings for eating out to the budget-conscious, British newspaper The Mirror reports, citing a new ski-resort guide. The two countries offer competitive prices of meals and wine – 3,30 pounds and 2 pounds respectively i
Within 67% and 80% of the State Insurance Institute will be offered for sale, Apostol Apostolov, Executive Director of the Privatization Agency said. The privatization procedure of the bank will begin in the beginning of March.
Marionnaud, the French perfume group, announced the acquisition of three selective perfume retail outlets, Ina, Diva and Privileges, which have 107 outlets in Bulgaria, Poland, the Czech Republic, Slovakia, Hungary and Romania, national French newspaper L
Final decision on Gorna Arda Cascade project will be taken in mid-February, it transpired on the last, second day of the 15th session of the mixed Bulgarian-Turkish Intergovernmental Committee for Economic and Technical Cooperation. The Turkish side has a
Bulgaria and Slovakia are least threatened with financial crisis in comparison with other countries in Central and Eastern Europe, an analysis of the Economic Studies Institute in the German town of Halle reads. The results are based on research of the fi
Sofia Court of Appeals confirmed the decision of Sofia City Court of March 12, 2001, which declared National Carrier Balkan Airlines bankrupt, the company’s legal adviser said, quoted by Pari Daily. In April, 2001 Gad Zeevi’s lawyers in Bulgaria appealed
Sopharma and Balkanpharma, Bulgaria’s biggest pharmaceutical companies, plan expansion on the Russian market. During the Bulgarian delegation’s visit in Moscow Sopharma company signed a contract with Russia’s biggest pharmaceutical distributor Protek for
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
