Business

INTRACOM TO EXPAND ITS BUSINESS IN BULGARIA

Intracom, the largest telecommunications company in Greece, is considering a new strategy for its activities in Bulgaria, president Kokkalis announced on Monday. `The marketing survey study on telecommunications services in Bulgaria is almost complete and

Business | July 10, 2001, Tuesday // 00:00 | Viewed: 429

BUSINESS IN BRIEF

BULGARIA is prepared to destroy the weaponry of the Albanian terrorists active in FYROM, in case a disarmament plan is adopted, Defence Ministry official announced on Monday.

Business | July 10, 2001, Tuesday // 00:00 | Viewed: 493

TRADE UNIONS CHECKS UP MRAZ FACTORY

Representatives of CITUB /Confederation of Independent Trade Unions in Bulgaria/ and Podkrepa Labour Confederation burst into Mraz refrigerator works on Monday to check up signals for regular and grave breaches quoting their right to check-ups pursuant to

Business | July 10, 2001, Tuesday // 00:00 | Viewed: 579

PROSTITUTION RING FROM UKRAINE BROKEN

Criminal gang smuggling women from Ukraine into Bulgaria was seized by the National Service for Organized Crime Control. A Ukrainian identified as Vladimir V.

Business | July 9, 2001, Monday // 00:00 | Viewed: 913

HIDROPOL INVESTS IN BG WPE STATION

The Check company Hidripol will invest DEM 12 M in building of 4 MW water power-electric station (WPE) at Iskar river, near Roman town. The power station will be ready by the end of 2002 and will produce about 25 million KW/h electricity a year.

Business | July 9, 2001, Monday // 00:00 | Viewed: 575

BG CUSTOMS OFFICERS SEIZED 2.03 KG OF COCAINE

2.03 kg of cocaine has been seized in a joint operation conducted by customs officers of the Drug Control Sector of the Sofia Airport Customs and of the National Service for Organized

Business | July 9, 2001, Monday // 00:00 | Viewed: 541

ARAB COMPANY TO BUILD FIVE STAR HOTEL IN SMOLYAN

The Arab company Najar 2000 is to build a five-start hotel in the Rhodope town of Smolyan, Southern Bulgaria. The company, which is a Jordan-Syrian JV, bought the incomplete part of the Evridika trade centre for BGN 220,000.

Business | July 9, 2001, Monday // 00:00 | Viewed: 550

GERMAN COMPANY TO INVEST IN BG FACTORIES

A framework agreement on the construction of two factories for separation of waste and production of waste-based biological fertilizers was signed by Rousse Mayor Dimiter Kalchev and Gerhard Schehle, who owns REB-Schehle of Germany. The project will absor

Business | July 9, 2001, Monday // 00:00 | Viewed: 506

INVESTORS FROM JAPAN INTERESTED IN BALKAN

A group of Japanese companies, including Tokuda, is interested in buying the air carrier Balkan. The announcement was made by the financier Stoyan Alexandrov, managing Tokuda Credit Express bank and consulting the corporation in Bulgaria.

Business | July 9, 2001, Monday // 00:00 | Viewed: 497

DZI TO OFFER INSURANCE FOR FOREIGNERS

The State Insurance Institute (DZI) is to offer tourist insurance for foreigners, officials announced. The service provides insurances for foreign citizen in case of 6-month sojourn, as well as transit passing.

Business | July 8, 2001, Sunday // 00:00 | Viewed: 445

ECONOMY REPORTS GRADUAL IMPROVEMENT

The monthly survey of the economic situation conducted by the National Statistics Institute /NSI/ in the first two weeks of June show that the tendency for gradual improvement, observed in the past few months, is preserved though there is no considerable

Business | July 8, 2001, Sunday // 00:00 | Viewed: 468

FERRON LOST THE CASE ON DANIELI EQUIPMENT

The arbitration court at the Bulgarian Chamber of Commerce and Industry rejected as void the claim of Ferron Investment Ltd. against Kamet.

Business | July 8, 2001, Sunday // 00:00 | Viewed: 605

CABLE & WIRELESS TO EXTEND GBP 15 000

The British Cable & Wireless /C&W/ will extend GBP 15 000 for the archaeological excavations near Veliko Tarnovo, conducted by English archaeologists, under its Public Investments program.

Business | July 8, 2001, Sunday // 00:00 | Viewed: 462

PA PUTS OFF DEALS TO THE NEW GOVERNMENT

Most of the deals and the opened privatisation procedures will be left to the next government because the present team of the Privatisation Agency /PA/ is unable to materialise them, officials from the PA announced. This decision was made because of the d

Business | July 8, 2001, Sunday // 00:00 | Viewed: 489

BIOCHIM READY TO SWITCH INTO EUR

Starting Monday Biochim`s clients will be able to transform, at their initiative, all their accounts in the 12 currencies of the countries in the Euro-zone into EUR, only by submitting an application to the branch of the bank where they hold an account. A

Business | July 8, 2001, Sunday // 00:00 | Viewed: 380

BUSINESS IN BRIEF

BULGARIA will provide 100 cargo carriages worth DEM 1.7 M for the needs of Macedonia`s railways.

Business | July 8, 2001, Sunday // 00:00 | Viewed: 544

BALKAN RESUMES FLIGHTS TO ATHENS

Balkan Airlines resumes its flights along the regional lines. The Sofia-Athens destination is to be resumed as of July 15 and Sofia-Istanbul-as of July 20.

Business | July 7, 2001, Saturday // 00:00 | Viewed: 432

CASES OF `MAD COW` AMONG HUMANS IN BG DENIED

`We are suffering moral damages, three of our patients wanted to be discharged after the information appeared that a patient with `mad cow` disease is hospitalised in our clinic`, Prof. Stefka Yancheva, director of the 1st Neurological Clinic `St.

Business | July 7, 2001, Saturday // 00:00 | Viewed: 1474

TWO WB PROJECTS TO SUPPORT AGRICULTURE

Two projects in support of Bulgaria`s agricultural development were signed by Finance Minister M. Radev and Andrew Vorkink, country director for Bulgaria at the World Bank (WB): the Cadastre and Land Registration project /EUR 33.

Business | July 7, 2001, Saturday // 00:00 | Viewed: 505

NHIF`S INCOMES FIVE TIMES HIGHER THAN EXPENDITURES

The National Health Insurance Fund /NHIF/ reported Incomes for year 2000 amounting to BGN 549.195.

Business | July 7, 2001, Saturday // 00:00 | Viewed: 423

ELECTRICITY TO RISE BY 20% NEXT YEAR

The price of the electric power will rise by 10% to 20% in 2002, experts from the State Energy Agency (DAEER) announced. The rise is inevitable for new power capacities are put to operation, producing more expensive electricity.

Business | July 6, 2001, Friday // 00:00 | Viewed: 388
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