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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: 539

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: 482

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: 627

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: 697

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: 763

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: 692

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

GORNA ARDA CASCADE CONSTRUCTION TO START IN 2002

Gorna Arda Cascade construction will begin in 2002, Kostadin Paskalev, Deputy Prime Minister and Minister of Regional Development, said. The upcoming Bulgarian –Turkish summit on the project’s future is scheduled for January.

Business | January 2, 2002, Wednesday // 00:00 | Viewed: 639

LONG QUEUES IN NATIONAL BANK ON FIRST DAY OF EURO CONVERSION

Many people lined up in long queues in the Bulgarian National Bank, wanting to exchange currencies in the eurozone for the new euros. Five cash desks serve the citizens in the bank, some of whom had come as early as five o'clock in the morning.

Business | January 2, 2002, Wednesday // 00:00 | Viewed: 594

VIDAHIM MIGHT BE SOLD FOR USD 1, THE BUYER SHOULD PAY BGN 68 M DEBTS

The Bulgarian company Vidahim might be sold for USD 1, Martin Donchev, Vidin’s governor announced. According to him, this is the only way an investor can be found.

Business | January 2, 2002, Wednesday // 00:00 | Viewed: 873

NEW DUTY TARIFFS TO BE INTRODUCED JANUARY 3

The duty tariffs for 2002 will be promulgated on January 3, officials from the Finance Ministry announced. The new duty tariffs for the imported goods will be announced immediately to the customs and the traders and thus problems will be avoided, the expe

Business | January 2, 2002, Wednesday // 00:00 | Viewed: 538

STATE RAILWAYS COMPANY DIVIDED IN TWO COMPANIES

Staring from January 1, the Bulgarian State Railways was divided in two independent companies – one, in charge of the transportation and one in charge of the infrastructure. Georgi Nikolov was appointed director of the infrastructure company;Vladiir Dunch

Business | January 2, 2002, Wednesday // 00:00 | Viewed: 536

PHARMACIES STARTED TO CLOSE DOWN

Starting from January 1, many pharmacies closed down as a consequence of the governmental decision to increase prices of medicines. Hundreds of people suffering from chronic diseases, who are entitled to have medicines free of charge, toured the pharmacie

Business | January 2, 2002, Wednesday // 00:00 | Viewed: 498