HOLDERBANK ACQUIRES BELOIZVORSKI CEMENT
Swiss company Holderbank Financiere Glaris Ltd. acquired 91% from the cement mill Beloizvorski Cement.
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BG THE BEST INVESTMENT DESTINATION
Foreign investors in BG think that the Macedonian crisis has not affected the BG investment climate. It is even improving and the increase in Greenfield investment is a clear indication of this trend, Peter Jotev, Deputy PM, announced after a meeting with
BG TELECOMMUNICATIONS SECTOR TO GROW
The income from telecommunications services will reach DEM 2.9 B by Y 2005, Ministry of Transport and Communications reported.
BG PRESIDENT MEETS TRAIKOVSKI
President Stoyanov will meet Macedonian President Boris Traikovski during his one-day visit to Bulgaria. Traikovski will take part in the European People’s Party summit in Sofia.
DEM 60 M TO BE INVESTED IN MARITSA EAST
The investment program of Maritsa East mines for this year amounts to DEM 60 M. Most of the sources will be directed to technological renewal and modernization of the three mines.
BNR DIRECTOR ELECTION REPEALED
The Supreme Administrative Court repealed the decision of National Council for Radio and Television on the election of Ivan Borislavov as a general director of the Bulgarian National Radio. The election was repealed because the decision of the council do
BTC TAKEN BY WESTERN OPERATOR
The state intends to cede the management of Bulgarian Telecommunications Company to a European telecommunications operator. Negotiations with a Western company are almost completed, Ministry of Transport and Communications reported.
KING SIMEON EXPECTED TO ANNOUNCE POLITICAL AMBITIONS
Bulgarian King in exile Simeon II arrived back today in Sofia announcing will say his political ambitions not arealier than Friday this week. The King already said he might back one of the political forces, which will partitipate in the forthcoming genera
BG DUTY FREE CORRIDOR
Duty-free zone between Rousse and Varna is to be established. The project aims at provoking interest in the traffic of commodities in the Rhine-Main-Danube directions, as well as to Turkey and the countries in the Arab peninsula.
EUR 54.3 M FOR BG RECOVERY PLAN
The implementation of the Greek plan for economic recovery of Southeastern Europe will start in June. The total investment amounts to EUR 500 M.
LUXEMBOURG TO FUND BG PROJECTS
BG and Luxembourg Foreign Ministers signed an agreement on Luxembourg funding for health care and environmental protection projects in Bulgaria. The concrete parameters of the aid package will be discussed at expert level within a few weeks.
DEM 900 000 FOR ROAD NETWORK
DEM 900 000 have been allocated for reconstruction of municipal roads on the territory of the region of Shoumen. Funds have been provided by Roads Fund and will be extended in several tranches.
LUKOIL NEFTOCHIM WITH $50 M PROFIT
According to preliminary estimations the profit of LUKoil Neftochim-Burgas for Y 2000 amounts to $50 M. LUKoil plans to invest $150 M in the modernization of the refinery.
BECHTEL TO ENACT UPPER ARDA PROJECT
US construction company Bechtel is ready to start working on the construction site in Upper Arda right away in the case that the Oxford Consortium signs a contract with the National Electricity Company. The consortium has received confirmation from ABSA B
MORE POWER FOR THE GOVERNMENT PROPOSED
The ruling party UDF proposed the government to have extraordinary power to take decisions between the desolving of the parliament and the general election, to be held June 17, 2001. The abilities to take extraordinary decisions will be only for decisions
BALKAN COUNTRIES SET UP COUNCIL
The chiefs responsible for protection of the population in case of natural disasters and major accidents in BG, Macedonia, Slovenia and Croatia signed an agreement setting up a Council for Civil-Military Emergency Planning of the countries of Southeastern
EU INVESTS DEM 5 M
The EU will provide DEM 5 M for a program for special medical aid to the prostitutes working at high-traffic highways. Preliminary data says that at about 200 women prostitute in Southwest Bulgaria.
$950 M FOR PLOVDIV AIRPORT
Israeli Dora International is ready to invest $950 M in the Plovdiv airport. The US-based Israeli company submitted the offer to the relevant municipalities.
BG RESPONSE TO EU COMPETITION
40% of the total 221 BG companies expect that the EU integration of BG economy will make their production more competitive; 20% think that the EU markets will affect their position on the domestic market, a survey of the Association of the EU Chambers of
BILLA HYPERMARKET IN HASKOVO
Austrian company Billa will invest in a hypermarket in Haskovo. Construction works will start in 3 months and will provide 120 job positions.
FRENCH SOGEA TO INVEST $500 000
French company Sogea is ready to invest $ 500 000 in a project for upgrading the water and sewerage system of the city of Vratsa. The upgrading aims at eliminating hidden leaks along the pipe network.
Highlights
Ambassador Talks
Russia's Invansion of Ukraine
COVID-19 in Bulgaria
Ups & Downs
Google Street View is again on its way through Bulgaria
Bulgaria has the Largest Gray Economy in Europe
