Krassimir Angarski, economy advisor of Bulgaria`s President, was appointed Chairman of the Board of Managers of the DSK (State Saving Bank) yesterday. He was elected by the new Supervisory Council, including the Deputy Finance Minister Kiril Ananiev, Depu
`The Pleven `Neft i Gaz` company discovered a commercially significant deposit of natural gas and oil-condensate at 3,850 m below ground near Butane in the Pleven region,` Chief Executive Officer Krasimir Manov said on 18 September, quoted by BTA. The dai
A member delegation of the European Round Table of Industrialists will arrive in Sofia next Monday to meet the new Bulgarian government. Baron Daniel Janssen, Chairman of the Board of Solvay, will lead the industrialists` delegation.
A program for partial restoration of the Bulgarian forests, devastated systematically in the last three years by deliberate arsons was launched by Overgas Inc. The forests need 200 years at least to be restored naturally, was emphasized at a round table d
The Sofia Municipal Council decided to finance with USD 75,000 `Company for Luxury Hotels` which is the owner of Hilton hotel. The funding will be extended by the specialized municipal privatization fund.
`Mobikom joint company is part of the privatization strategy for the Bulgarian Telecommunications Company /BTC/,` Plamen Petrov, Minister of Transport and Communications said, quoted by Pari Daily. `The NMT technology that the company implements allows Mo
`Italy and Germany are Bulgaria`s two key trade partners,` Alessandro Grafini, Italian ambassador to Bulgaria said. Italy, together with Germany, is a key partner to Bulgaria in relation to foreign investment and trade as well.
The National Environmental Protection Fund will allocate BGN 15M to20M for the reduction of the drinking water losses and the improvement of water supply. An agreement for this was signed between Kostadin Paskalev Minister of Regional Development and Dolo
MobilTel, the first GSM operator in Bulgaria, will not reduce its tariffs, despite the launch of the second GSM operator GloBul on the Bulgarian domestic market. The company`s tariffs are assessed as competitive, and no reduction should be expected, Mobil
The Privatization Agency sold Hotel Saturn, a self-contained part of the Sunny Beach resort, for BGN 9.3 million.
Tu Mobile, the new Italian mobile phone company, is to invest L1,600bn to acquire a GSM licence in Tunisia, Romania, Bulgaria, Belarus, Ukraine and China, Italian Il Sole 24 Ore reported. The company is also to acquire a GSM licence in Poland.
`Greece is interested in the privatization of the Bulgarian energy sector through the State Energy Company and other companies, Prime Minister Simeon Saxe-Coburg said after a meeting with Nikos Hristodoulakis, Greek Minister of Development that took place
The Bulgarian Economy Minister Nikolay Vassilev met the leader of the International Monetary Fund mission to Bulgaria Jerald Schiff. The meeting lasted two hours.
`20 Italian companies will participate with production at the International Technical Fair in Plovdiv,` Massimo di Giandomenico, Director of the Italian Institute for External Commerce in Sofia announced at a press conference that took place on September
The Board of Directors of the Bank Consolidation Company was replaced at the holding`s general shareholders meeting that took place on September 17. The Minister of Finance Milen Velchev became the chairman of the Board of Directors.
The foreign trade deficit stood at $694.2 million in the first six months of this year, the data of the Central Bank (BNB) quoted by Standart show.
It is most probable that the Deputy Economy Minister Sofia Kassidova, will inherit Petur Zhotev as the consolidation company CEO, Standart Daily wrote. It is not yet clear whether the Deputy Director of the Bulgarian National Bank, Emilia Milanova, will r
`The Bulgarian Investment Business Association /BIBA/ will open for Bulgarian companies which observe the international standards,` Nikolay Babev, Executive Director of the Association said. The decision was taken at an extraordinary session of the Board
DSK State Saving Bank and the Bavarian Building Society drafted a joint bill. `The aim of the bill is to invigorate the building societies in Bulgaria,` said Helmut Straubinger, Senior Vice President of the Bavarian Building Society.
The subscibers of Bulgaria`s second GSM operator, GloBul, will pay no monthly fees by New Year, said Radina Ralcheva, of the company`s PR department. Today Cosmo Bulgaria Mobile launches activities in Sofia, Plovdiv, Burgas and Varna.
The state Telecommunications Commission revoked the project submitted by the Bulgarian Telecommunication Company on raising the analogue service tariffs by 6.3%, and 20% up for a single pulse.
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