`In case that the European Bank for Reconstruction and Development/EBRD/ is invited, the bank will bid in the privatization of State Savings Bank /DSK/, Bulgaria`s largest financial institution,` Valentin Tsvetanov, EBRD`s director for Bulgaria, Poland, a
Deputy Prime Minister and Economy Minister Nikolay Vassilev met the representatives of 15 Swedish companies. They discussed the opportunities for Swedish investments in the residence of the Swedish ambassador Sten Ask.
Daglia maritime, a Panama-based company, bought the damaged Mesta tanker for USD 605,000 at an auction. The Greek Millenium Shipping and Dido Shipping also bid in the auction.
The Bulgarian National Bank (BNB) granted banking license to ProCredit Bank. The new financial institution submitted application for license on June 21.
The Russian-registered oil company LUKoil said yesterday that it is willing to bid for the privatization of Bulgaria`s energetics, it transpired yesterday after LUKoil president Vagit Alekperov met Premier Simeon Saxe-Coburg. `We`ll increase our investmen
Italy became No. 1 importer from Bulgaria with USD 375.
`The Russian Leros Balkan tried to re-sell Promet JSC,` Ivan Ivanov, the CEO of the metallurgical plant, said. The transaction was devised as a debt-for-equity deal, the management of the metallurgical plant announced.
The Supervisory Board of the Privatization Agency /PA/ approved the transfer of 9,683,903 Chimco shares /71% of the capital of the fertilizer plant/ to AVST Trading Ltd, based in Cyprus from US-based IBE Trans. A principle shareholder in the new owner is
`It is much more prudent and efficient to modernize and relicense existing nuclear facilities than close them down before their technological time has expired and then build brand new ones,` Genadii Shasharin said at the 20th session of the international
The Bulgarian Central Bank issued qualification licenses to the newly elected members of the board of DSK Bank /State Savings Bank/: Krassimir Angarski, Raiko Karagyozov, Ognyan Yordanov and Stoyan Penkov. The Israeli company Ashtrom was awarded one more
Israeli billionaire Sasson Naim who is among the world 30 top rich men, is ready to invest $2 billion in the reconstruction of the Plovdiv-based airport, Standart Daily reported. A project on the reconstruction of the airport to turn it into the most mode
`Bulgaria has great potential and must improve its image abroad, but also there are lot of changes to happen in the administration and economy` Baron Daniel Janssen, Solvay S.A.
The Kozluduy Nuclear plant hosts the 20th meeting of the international working group on the nuclear power plants modernization. The meeting is under the aegis of the Interatomenergo International Commercial Association.
`The interests of the European Bank for Reconstruction and Development in Bulgaria are primarily in the areas of the privatization in the energy and banking sectors and in municipal services,` EBRD director for Southeast Europe Olivier Descamps said. He m
MobilTel will considerably reduce the prices of the services in the M/Tel Prima package, starting October 1. This package will become one of the cheapest phone packages in Bulgaria, MobilTel`s CEO Rumyana Kyuchukova said in Plovdiv.
`The German Services for Academic Exchange` granted 115 scholarships for Bulgarian students and scientists. The qualified will be able to study in different fields and to improve their qualification in the 2002-2003 academic year.
Chimco restored the production cycle and started to gradually load the plant`s facilities. During the months when the plant remained idle a capital repair of the installations was made.
The financial macro-framework for the healthcare sector for 2002 is still not clear. That emerged after the start of the negotiations on the national framework agreement for 2002 on September 24.
The Bulgarian Finance Minister Milen Velchev met representatives of the Standard&Poor`s rating agency for an overall review of the economic situation in Bulgaria. Velchev presented the tax code and budget policy of the government and talked about the exte
`First Investment Bank will receive a EUR 6 M long-term loan from Deutsche Investitions und Entwicklung Geselschaft /DIEG/,` Maya Georgieva, CEO of the Bulgarian private financial and credit institution, said. This is the third loan granted to First Inves
Representatives of the European Bank for Reconstruction and Development /EBRD/ granted a loan of EUR 6 M to Hebros bank. The financial institution will finance the small and medium sized enterprises in the country.
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