Business

CUSTOMS OFFICE CLOSES ACCOUNTS IN CIBANK

I will close all accounts of the customs offices in Cibank, declared yesterday Emil Dimitrov, chief of the `Customs` Agency. His predecessor on this post, Plamen Minev, who stepped down in October 2000 spoke in defense of the bank before the National Radi

Business | August 20, 2001, Monday // 00:00 | Viewed: 787

ECOLOGISTS DEMAND SKIING PROJECT STOPPED

Ecologists from 28 Bulgarian non-governmental organizations succeeded in stopping the construction of a new lift between the town of Bankso and the ski tracks in the nearby Pirin mountain. The decision of the Ministry of Environment to accept the ecologis

Business | August 20, 2001, Monday // 00:00 | Viewed: 521

GORUBSO CHECKED UP BY EXPERT AUDITORS

An expert group formed by the five largest auditing companies start an independent audit at the GORUBSO-Madan on Monday, Deputy PM and Minister of Economy Nikolay Vassilev announced after meeting the owner of the mining company, the Russian-Turkish consor

Business | August 20, 2001, Monday // 00:00 | Viewed: 595

BGN 3.1 M FOR RENOVATIONS AT BELOIZVORSKI CEMENT

BGN 3.1 M will be invested in environment-oriented renovations at Beloizvorski Cement company by 2003, the Bulgarian National Radio reported.

Business | August 20, 2001, Monday // 00:00 | Viewed: 565

45% MORE GERMAN TOURISTS THIS YEAR

The Ministry of Economy expects a 20% increase in proceeds from tourism this summer, compared to the year-ago period. The contribution of tourism to the balance of payments will probably reach $810-850 million.

Business | August 20, 2001, Monday // 00:00 | Viewed: 546

DOBRUDJA WITH LOWER YIELD IN 2001

`Some 60% of the fields under maize in Dobrudja (North-eastern Bulgaria), known as Bulgaria`s breadbasket, will produce no harvest, while 25% will yield between 500 and 1,000 kg/ha`, Dimiter Katrandjiev, Chairman of the Union of Grain Farmers in Bulgaria,

Business | August 20, 2001, Monday // 00:00 | Viewed: 562

THE RUSSIAN DEBT NEGOTIATED AS EARLY AS SEPTEMBER

Russia starts negotiations on paying off her debt to Bulgaria, the Russian newspaper `Vedomosti` wrote. Russia is to negotiate with creditors outside the London and Paris clubs whom she owes liabilities inherited by the USSR.

Business | August 18, 2001, Saturday // 00:00 | Viewed: 701

BGN 1.9 FOR USD 1 BY THE END OF YEAR PREDICTED

The exchange rates BGN/US dollar will be down to some 1.9 levs by the New Year, said for Standart daily Bisser Manolov, the Bulbank`s chief dealer on the grounds of the fact that from January 1, 2002, the euro pegged Bulgarian lev will become equal to the

Business | August 18, 2001, Saturday // 00:00 | Viewed: 1115

TENDERS CALLED ON THREE NEW SITES AT SUNNY BEACH

The Privatisation Agency announced three new sites in Sunny Beach resort for sale-the `Trakiya` administrative building, the `Oasis` canteen, and the `Aquarama` water amusement facility. The sale will be realized through an open bidding tender.

Business | August 18, 2001, Saturday // 00:00 | Viewed: 598

GOROUBSO~MADAN GRANTED TWO CONCESSIONS

`Goroubso-Madan was granted two concessions for 30-year exploitation of the Petrovitza and Krushev Dol deposits`, Subi Kichukov, Deputy Director of the company, announced. The annual fees for the concessions will depend on the quantity of ore extracted.

Business | August 18, 2001, Saturday // 00:00 | Viewed: 635

STEAM HEATING UP BY 30% IN THE FALL

`The price for using central steam heating in Bulgaria will grow in the fall and this is already envisaged in the budget`, Deputy Prime Minister Nikolay Vassilev announced. The raise will be by 30% at the least and in some of the towns the prices will be

Business | August 18, 2001, Saturday // 00:00 | Viewed: 649

NEW TOBACCO STANDARDS POSTPONED

The minimum tobacco quality requirements will be mandatory for tobacco producers from the beginning of next year. This is envisaged by the latest amendment to the implementing regulations for the Tobacco and Tobacco Goods Act approved by the ministers yes

Business | August 17, 2001, Friday // 00:00 | Viewed: 638

BUSINESS IN BRIEF

The tender on the unfinished editorial office building of the Rodina printing and publishing house, which was scheduled for Thursday, failed again. None of the three candidates, Overgas Holding of Yambol, Artek A & K of Dubai, and PricewaterhouseCoopers B

Business | August 16, 2001, Thursday // 00:00 | Viewed: 1183

MOBIKOM`S MANAGING DIRECTOR RESIGNS VIA E~MAIL

John Munnery, Managing Director of the Mobile Telecommunications Company Mobikom, has informed his employees of lodging his resignation via e-mail, e-newspaper Mediapool wrote. At present Munurey is on holiday and is expected to come back to Sofia later t

Business | August 16, 2001, Thursday // 00:00 | Viewed: 789

OFFICE RENTS GOES UP AFTER TAX INCREASE

Introduction of a higher tax rate for non-residential houses, including rented houses, is being discussed, deputy minister of regional development and public works Belin Mollov said yesterday. This measure will affect mainly the rent prices for offices, s

Business | August 16, 2001, Thursday // 00:00 | Viewed: 599

BUSINESS IN BRIEF

Five Bulgarian companies will participate in the Bilisim `01 fair for information and communications technologies, due to be organised in Istanbul September 4 through 9. The exhibition is part of the German CeBIT fair and is one of the biggest in the Euro

Business | August 16, 2001, Thursday // 00:00 | Viewed: 705

VASSILEV:ELECTRICITY PRICES POLITICALLY FROZEN

The rise in the power prices is inevitable, Nikolay Vassilev, Deputy Prime minister and Economy Minister said. It was delayed since it was frozen intentionally by a political decision in 1999-2000, he added.

Business | August 16, 2001, Thursday // 00:00 | Viewed: 879

SPECULATIONS ABOUT ENERGY CHIEF`S SEAT

Gati Al-Jiburi, will known in international business in Bulgaria from his past KPMG Bulgarian leading position might head the Energy Agency if PM Simeon Saxe-Coburg approves him to the office, Standart Daily announced . Al-Jiburi at present is a commercia

Business | August 16, 2001, Thursday // 00:00 | Viewed: 599

ONE MORE DEPUTY ECONOMY MINISTER APPOINTED

Prime minister Simeon Saxe-Coburg appointed a new deputy minister of economy. He is Dimitar Hadzhinikolov from the quota of the MRF in the ministry, headed by Nikolay Vassilev.

Business | August 16, 2001, Thursday // 00:00 | Viewed: 686

CUSTOMS` HEADS RESHUFFLED

New director of `Customs` Agency Emil Dimitrov reshuffled the directors of the regional customs directorates. Director of Plovdiv-based office Peter Nedev will head the customs checkpoint in Kapitan Andreevo.

Business | August 16, 2001, Thursday // 00:00 | Viewed: 988

TWO CUSTOM OFFICE DEPUTIES DISMISSED

`I asked Prof. Stoyan Dourin, president of the Licensed Expert Accountants Institute, his team to make an independent audit of the customs administration,` said for `Standart` the new director of the `Customs` Agency - Emil Dimitrov.

Business | August 15, 2001, Wednesday // 00:00 | Viewed: 742
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria