Maritsa East coal mining company announced it would sign in March a coal supply contract with US based Entergy Corp. that is going to modernise the Maritsa Iztok 3 coal-fired power plant.
Greece's National Bank will seek to grow in Bulgaria and Macedonia, where it owns most of United Bulgarian Bank (UBB) and Stopanska Bank, respectively, Reuters reported. The bank has also been slowly adding branches in Albania and has a small presence in
Russia’s Lukoil announced it was considering investing in Bulgaria’s electricity and gas industry as well as in a planned 300 km pipeline to carry Russian crude oil to the Aegean Sea through Bulgaria. Vagit Alekperov, Lukoil President and Bulgarian Deputy
“The new Bulgarian government has considerably improved its reputation in the West but still faces tough times in attracting substantial foreign investments that are vital to ensure European Union entry, “ Reuters said quoting analysts. According to the a
The Bank Consolidation Company (BCC) announced that it planned to privatize the state-owned State Insurance Bank DSK in the second half of 2003. “I expect the privatization procedure to begin in the second half of 2002 and that we could have a deal in the
Five companies filed bids for upgrading the army's 20 Soviet-built MiG-29 fighters in an international tender aimed at bringing Bulgaria’s air force up to NATO standards. The five offers, opened at the defence ministry came from Russia's RSK MiG, Israel's
Bulgaria expects to attract Russian investments worth about USD 1 BLN in the next few years, Deputy Prime Minister and Economy Minister Nikolay Vassilev said in an exclusive interview for the Russian news agency Itar-Tass. According to him Sofia counts on
Greece has the ambition to be Bulgaria's top investor and trading partner, Greek Deputy Foreign Minister Ioannis Magriotis said at the Bulgarian-Greek forum, which opened January 22 in the framework of Greece’s Prime Minister Costas Simitis’s visit in Bu
A package of some 5% or 700,000 shares in Lukoil Neftochim refinery were traded yesterday on the Bulgarian Stock Exchange at BGN 20 each, immediately raising Sofia index to a record high of 138,49. Lukoil shares are normally traded at BGN 8-BGN 10 each.
"Bulgaria is ready to participate in the reconstruction of Afghanistan with EUR 1,300 M to be used for technical assistance in the fields of agriculture, reconstruction of the destroyed transport and telecommunications networks, infrastructure, education
Turkey’s textile holding company Menderes Tekstil plans to invest USD 2 M in the construction of a textile factory in the town of Svilengrad in Southern Bulgaria. The Instanbul-listed company turnout in 2002 is expected to reach USD 19 M, with USD 15 M of
KTMZ, Bulgaria’s biggest lead and zinc-smelter posted a BGN 2,5 M loss for 2001. The slump is attributed to low metal prices on international markets.
“Green Card” bureau, which is to sell the obligatory insurance policies for travels abroad, set premium revenues for 2002 at BGN 30 M, Dnevnik Daily wrote, citing a bureau board member. The start of the bureau’s operations will be discussed at the general
Raw sugar imports from Latin American countries will continue to provide a large part of the necessary amounts for Bulgarian sugar mills in 2002. In the opinion of beet and sugar producers imported raw sugar will be preferred mainly because of the high co
The amounts of natural gas transported from Russia to Turkey via Bulgaria is likely to be increased, Deputy Prime Minister Nikolay Vassilev said, following his meeting with officials from Russia’s gas giant Gazprom in Moscow. According to him Bulgaria wil
The Varna Regional Court declared the Varna shipyard insolvent on January 21. The court’s decision can be appealed in ten-day term.
At a meeting on January 21, the Council on Electronic Media (CEM) decided not to propose to the State Telecommunications Commission to issue second private nationwide television licence to neither of the three firms that applied. Media Broadcasting Servic
Dutch financial services group ING Group NV plans to explore possibilities with Piraeus Bank in Southeast Europe and Bulgaria in particular, ING said in a statement announcing the finalisation of its Greek link-up with Piraeus. ING Group NV and Piraeus Ba
Russia plans to send back spent nuclear fuel from Bulgarian Nuclear Power Plant Kozloduy, Bulgarian National Radio reported. In November and December last year spent nuclear waste from Nuclear Power Plant’s Units 3 and 4 were sent to Russia for recycling.
Bear Sterns Investment bank has changed its recommendation on Bulgarian bonds from hold to sell, Reuters reported. According to analysts the move has been triggered by the receding chances of fresh buybacks.
Tirana seeks Bulgaria’s cooperation in coping with the severe electricity crisis during the winter, Anguel Minev, Bulgaria’s Deputy Energy Minister, announced. Albania has asked for an increase in Bulgaria’s exports of electricity to the country.
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
