COMMERCIAL BANKS WITH DAMAGES OF BGN 73.7 M
The State Agency for Internal Financial Control /AIFC/ established the commercial companies and budget structures incurred BGN 73.7 M financial damages, for the first seven months of 2001.
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FOREIGN EXPERTS MAY RUN STATE TELECOM
International team may manage the Bulgarian Telecommunication Company (BTC) in case that the company is not soon privatised.`, Plamen Petrov, Transport and Communications Minister said, quoted by Standart Daily.
33 KG HEROIN SEIZED AT KAPITAN ANDREEVO
The custom`s officers seized 33.120 kg heroin valued at 2,980,800 leva at the Bulgarian – Turkish border.
LESS PROFIT IN THE BANKING SECTOR TILL AUGUST 2001
BGN 229.93 M is the net profit of the banking sector for the first seven months which is with BGN 9.
150 000 TOURISTS ON HOLIDAY IN ALBENA SO FAR
150,000 foreigners have already had their vacation in Albena this summer. This number is impressive compared to a total of 120,000 tourists in the 2001 season.
TWO NEW CANDIDATES FOR GORNA ARDA PROJECT
Two large Turkish companies expressed interest in the construction of the Gorna Arda, hydro-electric power project, Nikolay Vassilev, Deputy Minister and Minister of economy said without giving further details during his three-day visit in Turkey. Vassile
MOBILTEL PRICES DOWN BECAUSE OF GLOBUL
At least 10% reduction of the service tariffs considers the management of the Bulgarian GSM-operator - `MobilTel` from early-September. The reasons for that are the emergence of the new GSM operator `Globul` on the market and the marketing strategy of the
NEW LAW WILL ALLOW FOREIGNERS TO BUY LAND
A new law will be adopted by the National Assembly that will allow foreign citizens to buy land in Bulgaria, Meglena Kuneva, head of Bulgaria’s team for EU accession talks said. The expected result from that is an influx of investments to the capital and
NEW BANK STARTS OCTOBER 1
A new ProCredit Bank will be formally opened on October 1. ProCredit has already filed all the documents required for the issuance of a banking license, and has deposited the whole amount of the initial capital of BGN 12 million, ProCredit sources announc
BUSINESS IN BRIEF
Kremikovtzi`s debt to the Burgas port reached BGN 6 million. Some 2 million tonnes of metal supplies for Kremikovtzi per year pass through the Burgas port.
BIA WITH INVESTMENT EXCHANGE WEB PLANS
The Bulgarian Industrial Association /BIA/ web site will be turned into an Internet based exchange for investment projects in South Eastern Europe in the beginning of Septembe. In this electronic exchange, the investing companies will present their projec
VASSILEV INVITED TURKISH BUSINESS TO BULGARIA
Economy Minister Vassilev, his deputies Lyubka Kachakova and Dimitar Hadjinikolov met with Turkish media and with representatives of leading Turkish banks and firms. Vasilev is in Turkey to participate in the 70th anniversary of the International Fair in
ELECTRICITY PRICES MIGHT GO UP AGAIN
The new chief of the State Energy Agency Milko Kovachev said that the October planned increase in the electricity price might not be the last for the following twelve months, wrote Dnevnik Daily. No concrete figures were mentioned.
BALKAN LIQUIDATION NOT A PENDING OPTION
The Tokuda Financial Group knows what Balkan Airline liabilities are and is not currently considering possible liquidation of the company. Only in the case that creditors refuse to vote for rehabilitation, liquidation will be considered as an option.
3 CANDIDATES FOR BURGAS PORT SUPPLIERS
Austrian Veurf Alpin, Krupp Sumatomo and Mitsubishi Corporation are the three companies that are eligible after the screening procedure for the Terminal 2A and the Eastern wharf equipment of the Burgas port. The Ministry of Transport and Communications wi
INVESTOR IN 3 MAJOR BULGARIAN ENTERPRISES FAKE
The Dutch investor, Helian Commodities that acquired majority stakes in Large Bulgarian Mills, the Kambana vegetable oil plant and the Polski Trambezh-based plant can’t be found in the international registers, the Confederation of Independent Trade Unions
BUSINESS IN BRIEF
The initial data from the audit, made by Deloitte & Touche show that the state does not owe any money to GORUBSO-Madan. The urgent measures to resolve the situation at GORUBSO were initiated after 10 miners went on a hunger strike, claiming the immediate
BUSINESS REPS SUPPORT THE NEW ECONOMIC APPROACH
Representatives of the Bulgarian Industrial Association /BIA/, the Bulgarian Chamber of Commerce and Industry, the Employer’s Union and the Bulgarian International Business Association supported the economic package of the Government. The new economic mea
CUSTOMS OFFICIALS SEIZE 11 KG HEROIN
Customs officials seized 11kg 900,000 worth heroin at the Kalotina checkpoint on the Bulgarian border with Yugoslavia.The smuggler, Y.
4 RELIGIONS TO TAKE PART AT SE EUROPE CONFERENCE
Eastern Orthodoxy, Judaism, Islam and Catholicism representatives will participate in a forum on changing the educational policy in the Balkans in Sofia from September 8 to September 10.The conference is part of an initiative of the Ecumenical Patriarch B
15% INCREASE IN EXCISES ON CARS AND CIGARETTES
The Finance Minister Velchev and experts from the Ministry discussed the option to increase the excises on cars and cigarettes by 15%. The car excise has not been raised since 1988 and the 15% growth was covered by the inflation rate.
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