Business

Italy Interested in Bulgaria's Business

Italian companies have stated interest in Bulgaria's business opportunities. Officials from the Italian Institute for Foreign Trade (ICE) explained that companies from the Pulia district could invest over EUR 200 M in Bulgaria over the next 3 years.

Business | June 22, 2004, Tuesday // 00:00 | Viewed: 760

Muscovites Relish Bulgarian Wines

Bulgarian wines and medicines enjoy enormous popularity among Muscovites. According to Bulgaria-visiting Georgi Muradov, chief of Moscow's International Relations Department, Russian capital's citizens prefer Bulgarian to French wines not only because it

Business | June 22, 2004, Tuesday // 00:00 | Viewed: 664

New Attack on Bulgaria's 3rd GSM License

The issue of Bulgaria's third GSM license has been challenged by a US company, the third appeal to be lodged since the license was awarded to telecom carrier BTC. Tafeta Ltd, registered in Albany, New York, has tabled the complaint late on Monday.

Business | June 22, 2004, Tuesday // 00:00 | Viewed: 777

Foreign Airlines - via Bulgaria to US

United Airlines and Lufthansa will fly via Bulgaria on their way from Germany to the United States, according to reports.

Business | June 22, 2004, Tuesday // 00:00 | Viewed: 1044

US Cash for Bulgarian Wind Electricity

The US Trade and Development Agency (USTDA) will finance the first commercial wind electricity generation in Bulgaria in a bid to expand production and introduce restorable sources. USTDA will grant a subsidy of USD 384,000 for conducting the preliminary

Business | June 21, 2004, Monday // 00:00 | Viewed: 2095

"Asianization" Threat on Bulgarian Textile Industry

The removal of textile importing quotas from China and India poses a threat on Bulgarian textile undustry. According to Bulgarian Textile and Clothing Export Association, the lack of quotas for those two countries risks market flooding with cheaper Asian

Business | June 21, 2004, Monday // 00:00 | Viewed: 825

Bulgaria's 3rd GSM License Appealed

Bulgaria's second mobile operator lodged an appeal against the non-tendered issue of a third GSM license a few days after the Prosecutors Office launched a separate attack.

Business | June 21, 2004, Monday // 00:00 | Viewed: 828

Bulgaria Becomes Favorite EU Tourism Destination

The number of tourists from the European Union (EU) coming to Bulgaria has gone up by over 46 percent. More and more tourists from UK, Germany as well as from different Central European countries come to Bulgaria.

Business | June 21, 2004, Monday // 00:00 | Viewed: 1404

Hemus Air Flies Sofia-Burgas

Bulgarian airlines Hemus Air launched regular flights from the capital Sofia to the Black Sea city of Burgas. The flights have been scheduled four times a week.

Business | June 21, 2004, Monday // 00:00 | Viewed: 1044

Novinite.com/ Sofia News Agency Promote New Layout

Novinite.com launched a new layout June 18 and promotes its new brand - Sofia News Agency, some three years after the leader in the English language news in Bulgaria started.

Business | June 20, 2004, Sunday // 00:00 | Viewed: 553

Severe Losses for Bulgaria's Railways

Bulgaria is planning to close 100 railway routes because of crushing losses. The low number of travelers costs the state 25,000 levs daily, Transport Minister Nikolay Vassilev admitted.

Business | June 20, 2004, Sunday // 00:00 | Viewed: 1468

Bulgaria Wistful for EU Market

Bulgaria's foreign minister stressed on the importance of EU market access after Bulgaria joins the Union. Solomon Passy pointed out that Bulgarian producers will have half a billion potential consumers within an arm's reach.

Business | June 20, 2004, Sunday // 00:00 | Viewed: 741

IMF Warns Bulgarian Creditors

The International Monetary Fund's resident representative to Bulgaria recommended that local banks slow down in allotting credits. According to James Roaf, if rapid credit growth is not brought under control, that could threaten Bulgaria's macroeconomic

Business | June 19, 2004, Saturday // 00:00 | Viewed: 664

Bulgarian Lotto Luck Winds Abroad

Luck at Bulgarian lottery can perch on the shoulder of those submitting forms abroad. It will be possible due to amendments in the Gambling Act, which envisage that the state Prizes and Cash Lottery and the Sports Lottery pool in efforts at organizing ga

Business | June 18, 2004, Friday // 00:00 | Viewed: 775

Smoking Ads Outlawed in Bulgaria

Bulgarian MPs voted yes to a ban on cigarette advertising.

Business | June 18, 2004, Friday // 00:00 | Viewed: 969

German Credit for Danube Bridge Okayed

Germany's Kreditanstalt fuer Wiederaufbau will release a EUR 20 M credit for the construction of a second bridge over the Danube river, Bulgaria's government decided.

Business | June 18, 2004, Friday // 00:00 | Viewed: 713

Warning over Blocked Aroma Shares Trade

The Bulgarian Stock Exchange trade with shares of cosmetics producer Aroma is risky, Astera Holding Board of Directors warned. The cosmetics company's shares have been blocked by a court injunction.

Business | June 17, 2004, Thursday // 00:00 | Viewed: 945

World Bank Loans USD 150 M to Bulgaria

The World Bank loaned USD 150 M to Bulgaria to boost reforms in public administration, the judiciary and anti-corruption.

Business | June 17, 2004, Thursday // 00:00 | Viewed: 1049

EU Pays for Bulgaria's Nuke Safety

Bulgaria's power plant Kozloduy will be financed with EUR 61.9 M for the decommissioning of its two oldest units.

Business | June 17, 2004, Thursday // 00:00 | Viewed: 1369

Freshed Up Sofia Airport Handles 2.6 M Passengers a Year

Sofia airport will have a capacity of 2.6 million passengers and 26,000 tons of cargo exchange per year after the implementation of the project for its reconstruction, development and expansion.

Business | June 17, 2004, Thursday // 00:00 | Viewed: 2899

Bulgarian Filmmakers Slam Center Sale

Bulgarian filmmakers vehemently attacked the conditions of the tender for the sale of a 95 percent stake in the country's movie production centre Boyana Film Studios. The terms of the tender give advantage to film producers over filmmakers, they claim an

Business | June 17, 2004, Thursday // 00:00 | Viewed: 814
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