Business

Bank Credits Boost Real Estate Market

One third of real estate purchases in Bulgaria are supported with bank credits. It comes to explain the 70-percent boost in mortgage crediting over the previous year and the currently high interest in mortgages.

Business | May 8, 2004, Saturday // 00:00 | Viewed: 924

Bulgarian Business Eyes EU Financial Back-Up

Bulgarian companies will need about EUR 30 M to make up with the European competitive market. According to Deputy Prime Minister and Economy Minister Lidya Shuleva small and medium sized enterprises can apply for that financing to the PHARE program 2004-

Business | May 8, 2004, Saturday // 00:00 | Viewed: 759

Financial Back-Up for Bulgarian Meat Industry

Bulgarian meat processing companies are likely to benefit from US financial assistance to restructure local production. The meat producers are struggling to comply with the processing and hygiene EU standards in face of Bulgaria's accession scheduled in

Business | May 5, 2004, Wednesday // 00:00 | Viewed: 862

IMF Names Rodrigo Rato New Chief

The International Monetary Fund picked Spaniard Rodrigo Rato as its new managing director. "The executive board of the International Monetary Fund elected Rodrigo Rato to serve as managing director and chairman of the executive board for a five-year term

Business | May 5, 2004, Wednesday // 00:00 | Viewed: 822

Bulgarian Beaches Short of Lifeguards

There are not enough lifeguards for Bulgaria's Black Sea, Red Cross official warned. Delyan Drumev, leader of the organization in the key coastal city of Varna, said only 80 people completed the lifeguard training course this year.

Business | May 4, 2004, Tuesday // 00:00 | Viewed: 874

Sofia Becomes Gas Energized

At least 150,000 Sofia-resident households will benefit from the large-scale gasification project till end of 2004.

Business | May 4, 2004, Tuesday // 00:00 | Viewed: 705

Solid Growth of Bulgarian Bank Profits

Profits of Bulgarian banks have increased by 22 % in 2003, as compared to the previous year. According to a report of the Bulgarian National Bank, last year's profits in the sector stood at 319 million levs.

Business | May 4, 2004, Tuesday // 00:00 | Viewed: 612

Bulgaria, Texas Boost Business Cooperation

Bulgarian Foreign Minister Solomon Passy, who is currently in Austin, Texas will meet representatives of the US business today. Minister Passy and Geoffrey Connor, Texas Secretary of State, will sign an Agreement Memorandum later on Tuesday.

Business | May 4, 2004, Tuesday // 00:00 | Viewed: 881

Bulgarian Airports on Concession within Months

Airports in Bulgaria's two largest coastal cities will be offered for concession at the end of 2004 or the beginning of 2005. After the Varna and Burgas Airports, similar procedures will be launched also for some smaller landing fields, Transport Ministe

Business | May 3, 2004, Monday // 00:00 | Viewed: 804

Closures Down Bulgaria's N-plant Profits

The net profit of Bulgaria's only nuclear power plant Kozloduy for 2003 slipped by BGN 3.8 M over the previous year due to the closure of the two oldest reactors at the end of 2002.

Business | May 3, 2004, Monday // 00:00 | Viewed: 1164

Bulgarian Gas Supplier Investigated over Ukrainian Links

The chief of Bulgarian leading gas supplier was interrogated over links and contracts concluded with a Ukrainian company currently under local investigation. Upon demand from Ukrainian Prosecutors' Office, Bulgarian authorities undertook last Thursday a

Business | May 3, 2004, Monday // 00:00 | Viewed: 1931

Second Danube Bridge Gets the Go-Ahead

The tender procedure for the construction of a second Danube Bridge will be launched May 7.

Business | May 3, 2004, Monday // 00:00 | Viewed: 836

Bulgaria Unfreezes N-plant Project

The Cabinet officially announced its decision for resuming the construction of Bulgaria's second nuclear power plant at Belene.

Business | May 3, 2004, Monday // 00:00 | Viewed: 1489

3rd Bulgarian GSM License Issue Under Discussion

Bulgaria's Communications Regulation Commission (CRC) is still working on the issuing of third GSM license. No exact date was announced, as CPC has to process all the information gathered from the institutions dealing with that matter.

Business | May 2, 2004, Sunday // 00:00 | Viewed: 833

2,000 Tourists Arrive in Bulgaria over One Day

More than 2,000 tourists from France, Germany and UK landed at Varna airport on the very first day after the overhaul of the airport was over.

Business | May 2, 2004, Sunday // 00:00 | Viewed: 892

EC Position on Bulgarian's Agriculture Clear In A Week

The European Commission is expected to announce its common position on Bulgaria's Agriculture chapter, Bulgarian Agriculture Minister Mehmed Dikme said. Bulgaria's agriculture exports totaled USD 2.

Business | May 1, 2004, Saturday // 00:00 | Viewed: 960

Foreign Investments in Bulgaria Down by 60%

Foreign investments in Bulgaria have gone down by nearly 60,5% over the first two months of 2004 as compared to the same period in 2003.

Business | May 1, 2004, Saturday // 00:00 | Viewed: 906

Bulgarian Telco Increases Local Calls Prices

The Bulgarian Telecommunications Company (BTC) increased prices of local calls. The new tariffs were implemented from May 1.

Business | May 1, 2004, Saturday // 00:00 | Viewed: 687

No Project Okayed for Bulgaria's 2nd N-Plant

No project has been approved so far for the construction of Bulgaria's second nuclear power plant in Belene. Energy Minister Milko Kovanchev announced, adding that recent bribe scandal would not impede the construction of the plant.

Business | May 1, 2004, Saturday // 00:00 | Viewed: 1179

The EU "Big Bang"

The ten EU newcomers will make the Union not poorer, but richer. Thus German Chancellor Gerhard Schr?der welcomed the ten new countries joining the European Union on May 1, in the fifth and broadest enlargement of the bloc so far.

Business | April 30, 2004, Friday // 00:00 | Viewed: 1245

South Africans Stirred by Bulgaria's Casinos

South African gambling businessmen are on the watchout for opportunities to open casinos in Bulgaria. According to South Africa's non-resident ambassador to Bulgaria Jannie Momberg, Bulgarian casinos are also favored for purchase and business development

Business | April 30, 2004, Friday // 00:00 | Viewed: 2318
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