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JP MORGAN WITH POSITIVE MACROECONOMIC ANALYSIS ON BULGARIA

JP Morgan Bank published its macroeconomic analysis on Bulgaria on January 6. In it the bank underscores that the Bulgarian international reputation has improved significantly.

Business | January 6, 2002, Sunday // 00:00 | Viewed: 670

ENVIRONMENTAL PROJECT FINANCED BY DENMARK TO START VERY SOON

A project, aiming at reducing the damaging emissions in the atmosphere, under a special programme of the Danish Environment Agency for assistance to Central and Eastern Europe is expected to be launched very soon. Special equipment for that purpose was p

Business | January 6, 2002, Sunday // 00:00 | Viewed: 566

PM:FRENCH AND SPANISH BUSINESSMEN INTERESTED IN BULGARTABAC

French and Spanish businessmen show interest in Bulgartabac,Prime Minister Saxe-Coburg told governmental reporters. The Spanish company 'Telephonica', however, has decided not to buy the Bulgarian Telecommunications Company (BTC).

Business | January 6, 2002, Sunday // 00:00 | Viewed: 441

CAMERAS TO BE INSTALLED AT SOFIA AIRPORT TO PREVENT THEFTS

One hundred cameras will be installed in the cargo zone of the Sofia Airport by January 15. “That measure is prompted by the large-scale thefts of shipments from aircraft,” is written in a report of Plamen Petrov, Transport Minister to the management of t

Business | January 5, 2002, Saturday // 00:00 | Viewed: 550

NEW BANK TO OPEN DOORS BEFORE THE SECOND HALF OF 2002

The Bulgarian National Bank granted full bank licence in the end of 2001 to a new bank that will work under the name “Hipoferainsbank” - Bulgaria. BGN 29 M will be he capital of the bank upon its establishment and its balance sum will be BGN 240 M.

Business | January 5, 2002, Saturday // 00:00 | Viewed: 562

PROCREDIT BANK WITHDREW DEMAND FOR FINANCING FROM ENCOURAGEMENT BANK

ProCredit Bank withdrew its demand for DEM 2.1 M financing from Encouragement Bank.

Business | January 5, 2002, Saturday // 00:00 | Viewed: 485

MORE THAN 1,000 BULGARIANS HAVE APPLIED FOR GOVERNMENTAL CREDITS

More than 1,000 Bulgarians have applied for the governmental credits. The application process for the credits was officially launched on January 2, 2001.

Business | January 5, 2002, Saturday // 00:00 | Viewed: 538

DEPUTY ECONOMY MINISTER TO SIGN AGREEMENT ON TRADE WITH IRAN

Deputy Economy Minister Lyubka Kachakova is expected to sign an agreement for cooperation in trade between Bulgaria and Iran. Kachakova will also negotiate cooperation on cigarettes production with Iran.

Business | January 5, 2002, Saturday // 00:00 | Viewed: 481

COOPERATION ON CIGARETTES PRODUCTION NEGOTIATED WITH IRAN

Lyubka Kachakova, Deputy Economy Minister will negotiate cooperation on cigarettes production with Iran. Kachakova and Foreign Minister Passy are in Iran at an official visit.

Business | January 5, 2002, Saturday // 00:00 | Viewed: 626

THREE SPOILED EURO BANK NOTES DETECTED IN BIOCHIM BANK

Three spoiled EUR 100 bank notes have been detected in Biochim bank. The bank notes did not have a hologram, Rumen Popov, chief cashier of the bank explained.

Business | January 4, 2002, Friday // 00:00 | Viewed: 750

VAT INTRODUCTION ON MEDICINES MAY BE POSTPONED WITH THREE MONTHS

Three-month grace period for calculation of the new prices of the medicines is to be introduced by the Cabinet, according to an agreement between Bozhidar Finkov, Health Care minister and the medicine traders and pharmacists. Finkov promised to lobby for

Business | January 4, 2002, Friday // 00:00 | Viewed: 696

PATIENTS MIGHT PAY MEDICINES SURPLUS CHARGE

The list of medicines covered by the National Health Insurance Fund will be longer in comparison with 2001 because of the Fund's decision to pay the VAT on imported medicines, officials of the Fund said. NHIF 2002 budget is reduced twice over budget 2001.

Business | January 4, 2002, Friday // 00:00 | Viewed: 762

CHINESE HOME APPLIANCES MAKER PLANS BALKAN EXPANSION

Ital-clima OOD, Bulgarian distributor of refrigerators, air conditioners, washing machines and TV sets placed an order with Chunlan, China’s third largest electric home appliances maker, Dnevnik Daily reported. The deal for the USD 20 M order was signed a

Business | January 4, 2002, Friday // 00:00 | Viewed: 747

TURKISH COMPANY MAY BE SELECTED TO BUILD MARITSA HIGHWAY STRETCH

A Turkish company may be awarded the construction of a Maritsa highway stretch, connecting Orizovo and Kapitan Andreevo check-point on the Turkish border, government officials announced, cited by Dnevnik Daily. The Cabinet has already approved an analysis

Business | January 4, 2002, Friday // 00:00 | Viewed: 641

FIVE POTENTIAL BUYERS FOR BIOCHIM TO ANALYZE THE BANK’S PERFORMANCE

At least five potential buyers of state Biochim bank will make a legal and financial analysis of the bank’s performance this month, a Government official said, quoted by Dnevnik Daily. These five potential buyers are: Roseximbank, Hebros Bank, Bulbank, Ba

Business | January 4, 2002, Friday // 00:00 | Viewed: 686

BULGARTABAC PRIVATIZATION MAY BE DELAYED

The working group on Bulgartabac privatization postponed a few days ago the approval of the strategy, mapped out by Kreditanstalt - consultant of the tobacco holding. This puts under question the fulfillment of the terms for the company’s privatization.

Business | January 4, 2002, Friday // 00:00 | Viewed: 691

DEUTSCHE MARKS, GREEK DRACHMAS MOST OFTEN EXCHANGED FOR EUROS

Deutsche marks (DEM) were most often exchanged in the Bulgarian banks for euros, followed by the Greek drachma (GRD), data from the Bulgarian National Bank show. The Luxembourg frank (LUF) was the currency least frequently exchanged for euros.

Business | January 3, 2002, Thursday // 00:00 | Viewed: 812

ABOUT 80% OF PHARMACIES THREATENED TO GO BANKRUPT

Bulgarian pharmaceutists demanded that the Cabinet's decree N 300 dealing with the fixation of medicines ceiling prices be overturned. According to them the terms envisaged in the decree will immediately lead to chaos in medicines distribution.

Business | January 3, 2002, Thursday // 00:00 | Viewed: 792

BANKS’ PROFIT UP IN NOVEMBER

Bulgarian banks’ net profit increased by BGN 16,8 M (EUR 8,6 M) in November in comparison with the previous month, bringing the cumulative profit for the first eleven months of 2001 to BGN 309,4 M, figures of the Bulgarian National Bank show. Bulbank, Uni

Business | January 3, 2002, Thursday // 00:00 | Viewed: 830

FLAG CARRIER’S REHABILITATION PROGRAM REVISED

The receivers of Balkan Airlines are ready with the revised program of the flag carrier, Pari Daily wrote. Within a few days Olga Milenkova and Hristo Mollov will present the program to the court again.

Business | January 3, 2002, Thursday // 00:00 | Viewed: 597

SKI RESORT HOTELS OWE OVER USD 100,000 FOR INFRASTRUCTURE MAINTENANCE

Liabilities of Pamporovo ski resort privatized hotels amount to more than USD 100 000, representatives of Pamporovo joint-stock company announced. The money has been spent on maintaining the infrastructure in the resort.

Business | January 2, 2002, Wednesday // 00:00 | Viewed: 575