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
British American consortium negotiates with the Government for the purchase of Mobikom. The English telecom giant Vodafone has a leading part in the consortium.
TBI Holding was invited to participate in the privatisation of Biochim Bank, Nelly Kordovska, Executive Director of the Bank Consolidation Company announced. Privatization of Biochim bank started officially on January 7.
Several small private timber processors in the mountainous region of the town of Blagoevgrad, in South-eastern Bulgaria, face closure by the authorities because of failure to meet requirements set by the state. As a result many people will lose their jobs
Bulgaria exported 7 billion kWh of electricity on 2001, which represents 50% of the deficit in the region, Energy Minister Kovachev said. The electricity production at Kozloduy N-plant in the winter months reached 60% of the consumption in Bulgaria and th
The Check MEF holding announced that it had applied for a broadcasting licence to launch a private television channel in Bulgaria. "The application for a national television licence was submitted to the Council on Electronic Media on Monday," Ivan Genchev
The Bulgarian Telecommunication Company (BTC) to be sold through a two-stage tender without setting a starting price and in package with a license for GSM operator, Deutschebank, the consultant on the Telecom’s privatization proposed to the Government. Th
Price Waterhouse Coopers, which was selected in December to conduct the audit of Varna shipyard, assessed its assets at USD 18 M, Standart Daily reported. The tender is expected to be opened in February after the evaluation is approved.
Flag carrier Balkan will pay its debts to some of its creditors in the form of free flight tickets, according to the rehabilitation program of the carrier. Free tickets will be issued to people who could not travel with Balkan in the spring of 2001 when t
The court in the northern town of Razgrad appointed administrators at Diamond, Bulgaria’s largest flat glass maker, over an outstanding debt exceeding BGN 20 M. Bulgargas, gas distributor monopolist, sought the company’s insolvency, since its outstanding
The Ministry of Transport and Communications will make no additional payments to Italy’s company Alenia, Transport Minister Plamen Petrov said, quoted by Dnevnik Daily. The company was contracted in 1998 to supply new radar equipment for three commercial
The Bulgarian Telecommunications Company will be sold with a tender, that will determine the price of the telecom, Deputy Transport Minister Nikolay Nikolov said. The company’s privatization strategy is being discussed by a working group, chaired by Trans
Shares of Bulgaria’s first mobile phone operator Mobiltel might be listed on the stock exchanges in London or Frankfurt in May or June if a deal for a change in ownership is finalized in the coming weeks, a legal adviser of the company said on January 7,
The prices of all medicines available in storehouses by January 1, 2002 will be kept unchanged till they are sold out. The terms for producers, importers and retailers will also remain the same, Deputy Prime Minister and Economy Minister Nikolay Vassilev
Leaders of big international and regional organizations will be guests at the first international conference on tourism in Bulgaria “Bulgaria –Dream Area” that will take place in Sofia from January 9 to January 11. Former US president Bill Clinton recorde
Bulgartabac was valued at USD 100 M by the consultant Kreditanstalt company. Prime Minister’s legal advisor conceded that this is an extremely low price for such a venture and pointed out that the current Cabinet is in a very difficult situation.
Customs duties on some agricultural imports from the countries in the European Union have been lowered or totally abolished since the beginning if this year. The move is part of Bulgaria’s bid for EU entry.
Bulgartabac may be privatized in the summer of 2002, Georgi Popov, the Bulgartabac's Executive Director said. He believes that Bulgartabac has excellent prospects to become a multinational company with its enormous capability of human resources, equipment
Bulgarian breweries will not suffer from shortage of domestic barley to process in 2002, representatives of the Brewers Union announced, cited by Dnevnik Daily. So far the breweries have about 120,000 tons of barley in store.
The Austrian forwarding group Gebrueder Weiss plans to invest EUR 1,5 M soon. The money will be used for expanding the group’s activities in Bulgaria.
Privatization of Biochim bank started officially on January 7. Letters for signing confidentiality contracts have already been sent out to the five potential buyers, which confirmed their interest in Biochim in written form - Roseximbank, Hebros Bank, Bul
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
