BUSINESS IN BRIEF
Business climate in industry is improving, the August inquiry of the National Statistics Institute shows. The number of contracts awarded to Bulgarian industry from abroad, is up.
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STATE SAVINGS BANK FALSE WEB SITE
A false web site of the Bulgarian State Savings Bank www.dskbank.
NEW DIRECTOR OF ROAD AGENCY
Georgi Simeonov is the new Director of agency `Roads` on the place of Bojidar Bojilov, the press center of the Ministry of Regional Development announced. Simeonov will head department `Road Taxes and Permits` The goal of the new Director is to increase t
GERMAN TOUR OPERATOR TO BUILD A VACATION TOWN
German tour operator ITS Reisen will build a vacation town in Bulgaria, the Company`s Vice President Dirk Berlinghof said after a meeting with Deputy Economy Minister Dimiter Hadjinikolov. The town will be located between the Black Sea resorts Slunchev Br
MINISTER OF FINANCE VELTCHEV IS A DEM MILLIONAIRE
The Minister of Finance Milen Veltchev is a millionaire, his property status declaration showed. In the declaration, submitted to the Accounts Chamber, Veltchev wrote that he owns BGN 944,931 bank deposits, BGN 155,218 securities and has BGN 50,077 claims
NEGOTIATIONS ON TRANSPORT TO RUSSIA OF SPENT FUEL
Kozloduy Nuclear Plant negotiates with companies for export of electricity as a way to cover transportation costs of spent nuclear fuel to Russia. `The Russians offered very attractive terms of spent fuel storage and processing, `Yordan Yordanov the plant
GORUBSO BANKRUPT ECONOMY MINISTER ANNOUNCES
A procedure towards bankruptcy of the mining company Gorubso was opened by the District Court in Smolyan, Southern Bulgaria, Economy Minister and Deputy Prime Minister Nikolay Vassilev announced. The aim of these measures is to recover the company, prepar
SIBANK SUPERVISORY BOARD CHAIRMAN RESIGNS
Slavcho Hristov will no longer be Chief of the Supervisory Board of Sibank. He will stay in the bank`s management as a main shareholder, though.
TWO NEW DEPUTY FINANCE MINISTERS APPOINTED
Minister of Finance Milen Velchev presented at a press conference two of the new deputy ministers in the Financial Ministry. They are Atanas Kacarchev and Nahit Ziya.
BALKANPHARMA IN COURT FOR BUY OUT OFFER DENIAL
Balkanpharma Holding will challenge the State Committee on Securities and Stock Exchanges /SCSE/ in court for the banned buy-out offer, made by the Balkanpharma holding for the residual shares from the stock of its three facilities in Doupnitsa and Troyan
BUSINESS IN BRIEF
Microsoft Bulgaria announced it plans to raise revenues by 32% in 2002. According to Theodor Milev, managing director of Microsoft Bulgaria, the company`s new product WindowsXP will be formally launched on the Bulgarian market on October 25.
EU YOUTH INFORMATION PROJECT LAUNCHED
`Balkan Identity and Youth Information Policy` is the name a new one-year project that will spread youth-oriented information between the EU member and non-member countries. The establishing of a Balkan youth information network is one of the priorities o
DECISION ON SALARIES INCREASE UNLIKELY SOON
There is some reserve in the public sector that may be used for increase of salaries, Minister of Finance Milen Velchev said. However, this increase most probably will not take place due to deficit in other budget items.
GORUBSO WORKERS BLOCKADE AGAIN
The protesting former workers of the mining company Gorubso blocked again the Smolyan - Madan road, Dnevnik Daily wrote. The blockade will last till the salaries of the protestors are paid.
BUSINESS IN BRIEF
Finance Minister Milen Velchev met the Lehman Bros and Eurasia Group to familiarize the group with the government intentions for foreign investments attraction and planned changes in the fiscal policy. A joint project on establishing a stability index Leh
NEW TV OWNER MAY BUY VARNA SHIPYARD
The Greek Kiriaku Holding Group, owner of the Bulgarian New Television may purchase the Varna shipyard. Minos Kiriaku, the holding`s boss visited the plant yesterday and said that the Greek offer will be submitted soon to the government.
BIA PROPOSES CHANGES IN TAX LAWS
The Bulgarian Industrial Association suggested that reinvestment should include instalments on loan borrowed for investment, Dikran Tebeyan, Vice President of the Bulgarian Industrial Association said. The zero profit tax should also apply to self-employe
NUCLEAR PLANT WITH AN OFFSHORE CONTRACT
Yordan Yordanov, head of Bulgaria`s Nuclear Power Plant, has prolonged a contract with the offshore `Energy Invest` company on the transportation of the waste nuclear fuel, Standart Daily announced. It took place on July 11, 2001, at Kozloduy behind the b
NO BUSINESS BOARDS FOR CIVIL SERVANTS
All the employees from the Economy Ministry, taking part in boards of directors will be replaced, and the new state representatives in the boards of the ventures are to be selected by competitions, Milen Keremedchiev, chief secretary of the ministry said.
BUSINESS IN BRIEF
The Privatization Agency will sell 75% of the capital of the steel-concrete construction manufacturer in Svishtov. The initial bid is BGN 2.
BULGARIA TO BE ACCENT OF THE 5TH SE ECONOMIC FORUM
The economic program of the cabinet will be presented in details at the two-day long Fifth Economic Forum for Southeast Europe that will start on October 15 in Sofia, George Tabakov, Chairman of the Forum said. Members of the Cabinet, municipality represe
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