Business

BULGARIAN TELECOM TO BE HARDLY SOLD NOW

The interest to the Bulgarian Telecom is absolutely small, telecommunications minister Plamen Petrov said here today. He added the government will talk to the current consultant Deutsche Bank whether they will continue to do their job.

Business | July 28, 2001, Saturday // 00:00 | Viewed: 491

PRIVATIZATION CHIEF RESIGNED

Privatization agency executive director Levon Hampartzumyan resigned, governmental sources said. Later Hampartzoumyan confirmed.

Business | July 28, 2001, Saturday // 00:00 | Viewed: 421

BULGARTABAC HOLDING PROFIT 120% UP

Cigarette maker Bulgartabac Holding`s profit for year 2000 amounts to BGN 11,683,000, which marks an increase by 120% from 1999, the company announced after a general meeting of the shareholders. The meeting decided that the amount of BGN 3,505,000 will b

Business | July 27, 2001, Friday // 00:00 | Viewed: 473

ILIANTSI DEAL APPROVED

The Privatisation Agency approved the contract with Trakiya on the sale of 79% of Iliantsi Commodity Market on Wednesday and have requested from the candidate buyer to submit a letter, guaranteeing its payments. The price agreed for purchasing Iliantsi is

Business | July 27, 2001, Friday // 00:00 | Viewed: 520

BUSINESS IN BRIEF

An association of SUGAR BEET PRODUCERS was set up in Gorna Oryakhovica, with the primary objective to work out and implement policies, including government subsidies, for recovering the sugar beet production, traditional in the past. ***

Business | July 27, 2001, Friday // 00:00 | Viewed: 514

HIGH BUSINESSMEN DEMAND NEW ATTITUDE

High leveled business gathered in Sofia under the hat of the Bulgarian Academy of science and demanded the new Bulgarian government to change the attitude towards businessmen and to change its economic policy. Among participants were Illya Pavlov (Multigr

Business | July 27, 2001, Friday // 00:00 | Viewed: 511

ROSEXIMBANK`S TOTAL ASSETS REACHED BGN 160 M

The total assets of Roseximbank reached BGN 160 M by June 30, which marks a 50% increase in comparison to the year-ago period. The share capital, which amounts to BGN 20 M, has been fully paid.

Business | July 26, 2001, Thursday // 00:00 | Viewed: 497

LUKOIL STEPS UP MAJOR UPGRADE OF NEFTOHIM REFINERY

Russia`s LukOIL plans to expand production lines and introduce new products as part of a planned major upgrade to its Bulgarian refinery Neftohim. The U.

Business | July 26, 2001, Thursday // 00:00 | Viewed: 600

RODOPA INVEST FAILED TO PAY BACK SALARIES

The amount of BGN 492,786 has been extended to the Madan municipality few days prior to the elections for buying the museum of mining, the Crystal Hall and a few sports sites from the privatised mining entity Gorubso. Thus the municipality had to acquire

Business | July 25, 2001, Wednesday // 00:00 | Viewed: 487

BULGARIA INVEST TO SERVE DINERS CLUB CLIENTS

Bulgarian Invest commercial bank is to take up the servicing of Diners Club`s clients. A credit card contract has been already signed with the international organisation for card payments.

Business | July 25, 2001, Wednesday // 00:00 | Viewed: 504

VARNA TO OPEN BUSINESS CENTER IN HARKOV

Varna will open a business center in the Ukrainian town of Harkov by the end of the year. The center will be promoting Varna-based businesses.

Business | July 25, 2001, Wednesday // 00:00 | Viewed: 494

DUTCH COMPANY TO INVEST DEM 50 M IN A RESORT

The Dutch company Capital Ground Building Invest will build a resort complex nearby Pomorie. `This is the largest investment in the Pomorie area, worth some DEM 50 M`, the mayor said.

Business | July 25, 2001, Wednesday // 00:00 | Viewed: 561

BUSINESS IN BRIEF

HEBROSBANK reported a BGN 5.1 M profit for the first half of the year.

Business | July 25, 2001, Wednesday // 00:00 | Viewed: 504

BTC REPORTED BGN 95 M PROFIT

The Bulgarian Telecommunications Company reported a 15.1% revenues` growth for the first half of 2001, compared to the year-ago period.

Business | July 24, 2001, Tuesday // 00:00 | Viewed: 335

SOFIA BT WITH RECORD OUTPUT FOR YEAR 2000

Sofia BT reported a record high output of cigarettes for year 2000. A total of 5,979 tons of cigarettes were sold, worth BGN 74.

Business | July 24, 2001, Tuesday // 00:00 | Viewed: 536

BUSINESS IN BRIEF

The SAPARD selection panel approved on Monday 18 INVESTMENT PROJECTS out of 34 applications. Most of them concern investments in farming machinery.

Business | July 24, 2001, Tuesday // 00:00 | Viewed: 441

BUSINESS IN BRIEF

The two biggest POLYCLINICS in Blagoevgrad will be privatised after the municipality council decided so. The balance value of the two medical establishments is estimated at USD 200,000 and USD 120,000.

Business | July 23, 2001, Monday // 00:00 | Viewed: 459

VIDAHIM CLOSED DOWN

The Unified Revenue Agency will proceed with closing down Vidahim. The general meeting of the creditors decided on Friday to sell out the assets of the venture, which were adjudged insolvent two years ago.

Business | July 23, 2001, Monday // 00:00 | Viewed: 515

SHUMENSKO PIVO WITH 60% SALES GROWTH

Shumensko Pivo brewery ranks among the leaders in this field after Fikret Ince, the owner of the oldest brewery in Bulgaria, reported a 60% sales growth for the first half of 2001, as compared to the year-ago period. By the end of this year the brewery`s

Business | July 23, 2001, Monday // 00:00 | Viewed: 630

NEW STRATEGY FOR BULGARTABAC SOON

The parliament has to approve a privatization plan on Bulgartabac Holding in a month. Then the procedure on its denationalization is to start, experts from king`s coalition stated today.

Business | July 21, 2001, Saturday // 00:00 | Viewed: 496

FAMOUS SEA RESORT DEAL CANCELED

The vacation settlement `Elenite` neighboring the `Slanchev Bryag` (Sunny Beach) resort will change its owner, it transpired yesterday after the Supreme Administration Court announced its decision on the litigious deal. In 1999 the Privatization Agency un

Business | July 21, 2001, Saturday // 00:00 | Viewed: 430
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