Business

EXPORTERS PROPOSE VAT ACCOUNT INTRODUCTION

`The tax regime in Bulgaria hinders exports,` representatives of branch organizations said at a meeting with Finance Minister Milen Velchev. Exporters proposed the introduction of a Value Added Tax (VAT) account in the state budget.

Business | October 23, 2001, Tuesday // 00:00 | Viewed: 787

BULGARIA THIRD IN NEW STABILITY INDEX

The Lehman Eurasia Group Stability Index rated Bulgaria third, Info Radio reported, quoting Radio `Free Europe`. The index is new and exclusively for Central and Eastern Europe.

Business | October 22, 2001, Monday // 00:00 | Viewed: 791

GAS DEBT TO BE SUBSTITUTED BY STATE BONDS

The non-performing debt of heating companies to state natural gas monopoly Bulgargas will be substituted by state bonds, issued by the Finance Ministry. The measure, which aims at the reconstruction of the heating companies, is included in a report of the

Business | October 22, 2001, Monday // 00:00 | Viewed: 750

EXPORTS OF FERTILIZERS LIKELY TO INCREASE

The competitiveness of Bulgaria`s fertilizers producers depends on the amount of energy used for the production of ammonia, Pari Daily wrote. The figures for Bulgarian plants (between 8,8 and 13,5 gigacal per ton) are much higher than the average in the w

Business | October 22, 2001, Monday // 00:00 | Viewed: 818

TELECOMMUNICATIONS BODY CLOSURE MAY BLOCK SECTOR

The closing down of the State Telecommunications Commission /STC/ may block the Bulgarian telecommunications activities, experts commented, quoted by Dnevnik Daily. Proposed amendments to the Telecommunications Act envisage the establishment of a Telecomm

Business | October 22, 2001, Monday // 00:00 | Viewed: 830

NEW TENDER FOR BUSINESS BANK TO BE OPENED

`A new tender for Business Bank will be opened,` Ivan Panchev, Trustee of the bankrupt institution, said. The Agency for Government Claims is dissatisfied with the failed tender and does not approve the evaluation.

Business | October 22, 2001, Monday // 00:00 | Viewed: 706

MOBILE X~RAY DEVICES TO MONITOR IMPORTS

The European Union will provide to the Bulgarian customs a modern X-ray equipment for a precise border control of trucks and containers. The devices will give the opportunity to control the vehicles in any place on the country`s territory.

Business | October 22, 2001, Monday // 00:00 | Viewed: 762

PRICES OF TOURIST SERVICES TO INCREASE

`The prices of the Bulgarian tourist packages sold abroad will rise in the range of 15% to 30% in case that Value Added Tax (VAT) is imposed on them. Thus, the packages will become non-competitive on the European market,` the Bulgarian representatives of

Business | October 22, 2001, Monday // 00:00 | Viewed: 717

CONSULTANT ON BALKAN AIRLINES TO BE SOUGHT

The Bulgarian Ministry of Transport and Communications will open a tender for a consultant on the strategy for the Bulgarian national carrier, Balkan airlines. That was announced by Transport Minister Plamen Petrov.

Business | October 22, 2001, Monday // 00:00 | Viewed: 773

OFFERS FOR VARNA SHIPYARD TO BE OPENED IN PUBLIC

The offers of the companies proposing rehabilitation plans for the Varna shipyard will be opened at the ministry of economy today, it emerged from a statement of vice premier Nikolay Vasilev in Varna. By the Saturday deadline offers were submitted by six

Business | October 22, 2001, Monday // 00:00 | Viewed: 754

SECOND DANUBE BRIDGE `SMOOTHLY AND ON TIME`

Transport and Communications Minister Plamen Petrov expressed a hope that the work on the construction of the second bridge over the Danube will be completed by 2006. He said at a talk show in the Bulgarian National Radio that Bulgaria also should develo

Business | October 22, 2001, Monday // 00:00 | Viewed: 963

HOLOGRAM STICKERS FOR TAXI CABS

Hologram stickers will show the difference between the regular and the fake taxi cabs. By end-January, the special signs will be sticked on all cars in Sofia, sources from the Branch Chamber of Taxi Drivers and Carriers said yesterday.

Business | October 22, 2001, Monday // 00:00 | Viewed: 810

EX MINISTER~ NEW BULBANK SUPERVISORY BOARD MEMBER

Ivan Stanchov, former Bulgarian Ambassador to Britain from 1991 to 1994 and former Foreign Minister from the Reneta Indzhova Cabinet was elected member of the Supervisory Board of Bulbank. That was announced by bank officials after Bulbank`s general meeti

Business | October 20, 2001, Saturday // 00:00 | Viewed: 1147

USAID PROJECT TO FINANCE PUBLIC SERVICES CENTERS

Minister of Regional Development and Public Works Kostadin Paskalev met Debora McClain from the United States Agency for International Development, USAID. They discussed a project, financed by USAID for opening of centers that will improve public services

Business | October 20, 2001, Saturday // 00:00 | Viewed: 809

STRATEGY FOR EU FUNDS HAS TO BE READY BY 2001 END

`The deadline for the preparation of a strategy on Bulgaria`s participation in the EU structural funds expires on December 31 this year,` Bulgaria`s chief negotiator with the EU Meglena Kouneva, told the press after a meeting of the Council on European In

Business | October 20, 2001, Saturday // 00:00 | Viewed: 620

TURKISH COMPANIES MAY INVEST IN BG PROJECTS

Turkish companies may participate in road and energy facilities construction, ownership restructuring in the water and sewerage companies, and waste water treatment in Bulgaria. That was announced after a meeting of representatives of large Turkish constr

Business | October 20, 2001, Saturday // 00:00 | Viewed: 947

MOST BUSINESSMEN: BUSINESS CONDITIONS NOT CHANGED

45% of 196 business people said that the macroeconomic environment in Bulgaria has remained unchanged as far as small and medium-sized enterprises are concerned. Conditions for doing business are improving according to 12 % of respondents, while nearly th

Business | October 20, 2001, Saturday // 00:00 | Viewed: 820

PRINCE ANDREW MET BUSINESS REPRESENTATIVES

Second day of his visit Prince Andrew had a lunch with several members of the Bulgarian Business Leaders Forum. `It was extremely useful and business orientated conversation, which I do hope will turn to a long-term partnership`, Maxim Behar, BBLF Chairm

Business | October 19, 2001, Friday // 00:00 | Viewed: 1015

EU TO FUND TELECOM BORDER NETWORK WITH TURKEY

The European Commission in Brussels will finance the construction of a new mobile telecommunications network, using the Trans European Trunked Radio (TETRA) system along the border between Turkey and Bulgaria. The network will provide mobile connection be

Business | October 19, 2001, Friday // 00:00 | Viewed: 798

PRIVATIZATION AND CONTROL TO BE SEPARATED

The privatization bill, approved by the Government, foresees the split of the newly created Agency for Post-privatization Control from the Privatization Agency (PA). `This is a politically based decision,` Deputy Prime Minister Nikolay Vassilev said.

Business | October 19, 2001, Friday // 00:00 | Viewed: 718

NO STATE GUARANTEE GRANTED TO BG STATE RAILWAYS

The Bulgarian Cabinet has refused to provide state guarantee to the Bulgarian State Railways (BSR) for the EUR 150 M loans extended by the European Investment Bank, Dnevnik Daily wrote. The loans will be used for the construction of a high-speed railway l

Business | October 19, 2001, Friday // 00:00 | Viewed: 684
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