Business

NATIONAL CARRIER FLIGHTS THREATENED WITH SUSPENSION

Refueling of Balkan planes should be immediately stopped, reads allegedly a telex the National Carriers receivers have received from LUKoil –Blacksea. Hristo Mollov, Balkan receiver, said that this decision has been taken on a very low level.

Business | January 12, 2002, Saturday // 00:00 | Viewed: 555

BULGARIA ADVISED TO DEVELOP GAMBLING TOURISM

Development of Bulgaria’s gambling tourism was the recommendation of foreign experts, participants in the First International Conference on Tourism in Bulgaria “Bulgaria – Dream Area”. According to them Bulgaria’ s neighbors Greece and Turkey can be its m

Business | January 12, 2002, Saturday // 00:00 | Viewed: 497

STATE TELECOMMUNICATIONS BODY INFORMED ON MOBILTEL OWNERSHIP CHANGE

State Telecommunications Company (STC) announced that it has received an informing letter for change in the ownership of the biggest Bulgarian GSM operator MobilTel. On January 2, in the Trade Register of the trade and industry chamber of Rotterdam, Holla

Business | January 11, 2002, Friday // 00:00 | Viewed: 628

TOURIST ASSOCIATION URGES SECTOR COMPANIES TO LOWER PRICES

Bulgarian tourists agencies must comply with the tourism conditions on a global scale and lower their prices so that they may stay competitive, Donka Sokolova, chairman of the Bulgarian Association of Tourists Agencies (BATA), said at the First Internatio

Business | January 11, 2002, Friday // 00:00 | Viewed: 682

CABINET TO MAKE OFFICIAL STATEMENT ON BULGARTABAC’S “SCANDAL”

“The publications in the press on January 11, concerning the intention of Georgi Popov, Executive Director of Bulgartabac Holding to demand the change of the managing director of the Blagoevgrad cigarette factory are journalists’ interpretations, based on

Business | January 11, 2002, Friday // 00:00 | Viewed: 636

FEW GENETICALLY MODIFIED PLANTINGS IN BULGARIA, REPORT READS

There had been modest growth in commercial genetically modified (GM) plantings in Bulgaria, a report of the International Service for the Acquisition of Agri-Biotech Applications (ISAAA) reads. According to the monitoring body the world area under cultiva

Business | January 11, 2002, Friday // 00:00 | Viewed: 633

INDUSTRIAL EXPORTS RECEIPTS MARK A FALL

Bulgaria’s receipts from industrial exports fell sharply in November last year due to low world prices of raw materials and the economic slowdown in major European economies, Germany and Italy in particular. According to data from the National Statistics

Business | January 11, 2002, Friday // 00:00 | Viewed: 613

STATE RAISES SUBSIDY FOR SUPERIOR QUALITY MILK

State Agriculture Fund is to raise subsidy for superior quality cow’s milk to BGN 0,04 per litre, which is by BGN 0,01 more than its current levels. The move aims to stimulate milk production with higher fat content, head of the Association of Dairy Produ

Business | January 11, 2002, Friday // 00:00 | Viewed: 569

ALL MEDICINES TO BE SOLD AT NEW PRICES, VAT INCLUDED

New registration of medicines envisages Cabinet’s decree N130 of 2000, approved by the Cabinet on January 10, 2002. Under the decree all Bulgarian medicines are to be registered at their new prices, VAT included, in seven working days.

Business | January 10, 2002, Thursday // 00:00 | Viewed: 485

FORMER NEVADA GOVERNOR: TOURISM WILL REVIVE BULGARIA’S ECONOMY

There are three prerequisites for making Bulgaria the “main entrance” to tourism in the region - investment, experience and education, Former Nevada governor Bob Miller said on the first day of the first international conference on Tourism in Bulgaria “Bu

Business | January 10, 2002, Thursday // 00:00 | Viewed: 640

ROSSEXIM IS BALKANBANK'S NEW OWNER

Sofia City Court ruled that Rosseximbank is to buy Balkanbank. The court’s ruling cannot be appealed.

Business | January 10, 2002, Thursday // 00:00 | Viewed: 665

BULGARIAN PM : TOURISM CAN BECOME BULGARIA’S MOST SUCCESSFUL SECTOR

“We all realize the importance of the tourism business for the economy of Bulgaria, as well as its useful role, being a mechanism for creation of new employment opportunities, “ Prime Minister Saxe-Coburg said in his address to the participants in the fir

Business | January 10, 2002, Thursday // 00:00 | Viewed: 555

PROFIT OF STATE TRANSPORT COMPANIES RISES

State-owned companies run by the Ministry of Transport and Communications expect to post a 72% rise in 2001 net profit. The forecast is based on the higher revenues from core operations and spending cuts, Deputy Minister Zlatolina Mukova said at a press c

Business | January 10, 2002, Thursday // 00:00 | Viewed: 454

BGN 51 M ACCUMULATED IN TOBACCO FUND

A total of BGN 51 M are have already been accumulated in the accounts of the Tobacco Fund. Should the purchasing campaign ends now producers will receive their money and bonuses for the 2001 harvest within two or three weeks, Agriculture Minister Mehmed D

Business | January 10, 2002, Thursday // 00:00 | Viewed: 526

NAVAN OPERATIONS IN BULGARIA TO REMAIN STABLE

London-based Navan Mining Plc. operations in Bulgaria will not be affected by the financial problems of its parent company, a Navan official announced, quoted by Dnevnik Daily.

Business | January 10, 2002, Thursday // 00:00 | Viewed: 477

FIRST INTERNATIONAL CONFERENCE ON TOURISM IN BULGARIA OPENS TODAY

The first international conference on tourism in Bulgaria “Bulgaria –Dream Area” opened today at Hilton Sofia Hotel. The conference will take place in Sofia from January 9 to January 11.

Business | January 10, 2002, Thursday // 00:00 | Viewed: 617

IDEAL STANDARD NO LONGER USES NEARBY GORNA ORYAHOVITSA AIRPORT

Sevlievo-based Ideal Standard, bathroom fixtures and ceramics maker, owned by American Standard, stopped using the nearby airport at Gorna Oryahovitsa. So far the company used the airport for exporting its produce and was its main client.

Business | January 10, 2002, Thursday // 00:00 | Viewed: 1689

ECONOMY MINISTRY BLOCKS SEVEN PRIVATISATION DEALS

The privatisation in the Economy Ministry was halted, following Economy Minister’s Nikolay Vassilev order of January 8, which abolishes the methods of denationalisation of 6 ventures and one separate business. The companies are: “Vinimpex”, “Agrocomplect”

Business | January 10, 2002, Thursday // 00:00 | Viewed: 487

HEBROS BANK TO LAUNCH DUE DILIGENCE AT BIOCHIM NEXT WEEK

Bulgarian-registered Hebros Bank, owned by Hong Kong investment fund Iregent, would be the first potential buyer of Biochim bank to launch a legal and financial analysis at the state-owned bank. The other candidates are expected to announce the dates of t

Business | January 10, 2002, Thursday // 00:00 | Viewed: 577

FINANCE MINISTER SAYS DEAL FOR MOBILTEL IS ALREADY "EFFECTIVE"

According to Finance Minister Milen Velchev, the deal on the biggest GSM operator MobilTel is already “effective“ and the money has already been transferred. Bulgarian Prime Minister Saxe-Coburg as well as Deputy Prime Ministers Nikolay Vassilev and Lidia

Business | January 10, 2002, Thursday // 00:00 | Viewed: 488

BULGARTABAC’S PRIVATISATION STRATEGY READY BY JANUARY 15

The privatization strategy of Bulgartabac will be presented to Deputy Prime Minister Nikolay Vassilev by January 15, Apostol Apostolov, Executive Director of the Privatization Agency announced. After being discussed by the working group on Bulgartabac’s p

Business | January 9, 2002, Wednesday // 00:00 | Viewed: 397
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