Business

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: 463

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: 491

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: 382

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: 545

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: 433

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: 506

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

TURKEY MAY STOP BUYING ELECTRICITY FROM BULGARIA

Turkey may stop buying electricity from the beginning of 2003, because the contracts on power export have been repeatedly violated. This is an unofficial warning sent by Turkish power-supply company.

Business | July 6, 2001, Friday // 00:00 | Viewed: 386

IFC STILL HESITATES FOR THE SHIPYARD

We will work with the selected best candidate for the Varna Shipyard only after we get acquainted with the business plan, said a representative of the International Financial Corporation while commenting the possible participation in the purchase of the s

Business | July 6, 2001, Friday // 00:00 | Viewed: 478

BUSINESS IN BRIEF

THE SOFIA region will contribute and overall of BGN 952 million from personal income tax to the republican budget, based on the tax returns submitted so fat, the regional tax office announced. ****

Business | July 6, 2001, Friday // 00:00 | Viewed: 433

VEGETABLE WHOLESALE PRICES 20% UP

Tthe wholesale vegetable prices have gone 20% up for a year`s time, due to unfavourable weather conditions in spring and the rise in the electricity and fuel tariffs, said Alexander Iotsov, director of the Bulgarplod-Slatina wholesale market in Sofia. Th

Business | July 6, 2001, Friday // 00:00 | Viewed: 470

14 HOTELS IN SUNNY BEACH RESORT TO BE SOLD

The Privatisation Agency will open new sale procedures for the hotels, restaurant and auxiliary facilities of the Sunny Beach sea resort. Instead of the negotiations with potential buyers, the agency will sell 14 hotels, 2 tennis courts, five eateries and

Business | July 5, 2001, Thursday // 00:00 | Viewed: 478

INQUEST INTO CHORNY`S MONEY IN CCB COMPLETED

The investigative authorities advised that Dimitur Dimitrov, dealer Pavel Trenev and another five employees of the Central Cooperative Bank (CCB) should be tried for the disappearance of $6 M, which businessman Michael Chorny, expelled from Bulgaria in 20

Business | July 5, 2001, Thursday // 00:00 | Viewed: 629

STOMANA INDUSTRY TO RAISE CAPITAL TO $25 M

`The joint venture between Eurometal, leaseholder of the core assets of Somana-Pernik, and Greece`s Sidenor, which is part of Viohalco Holding, will raise the company`s capital from $10 M to $25 M in two months`, Lyudmil Stoykov, manager of Eurometal, whi

Business | July 4, 2001, Wednesday // 00:00 | Viewed: 454

BUSINESS IN BRIEF

THE CONFEDERATION of Independent Trade Unions in Bulgaria /CITUB/ will require from the new parliamentary majority an amendment to be made, ruling that the receivables due to employees in cases of insolvency and bankruptcy, are a priority. The total amoun

Business | July 4, 2001, Wednesday // 00:00 | Viewed: 428

4.5% GDP GROWTH IN FIRST QUARTER

Bulgaria reported 4.5% GDP growth in the first quarter of 2001, National Statistical Institute announced.

Business | July 4, 2001, Wednesday // 00:00 | Viewed: 482

HIGHWAY HOLDINGS ENTERED THE BULGARIAN MARKET

Highway Holdings Ltd. (Nasdaq:HIHO) has established a manufacturing facility in Bulgaria for the production of cameras to be sold in Europe.

Business | July 4, 2001, Wednesday // 00:00 | Viewed: 415

IMPORT OF GREEK CATTLE AND BEEF PRODUCTS BANNED

The import from Greece of live cattle, beef, beef products, sub products, bovine insemination material, embryos and ova, meal, bio concentrates and feed for carnivorous animals containing proteins from ruminants was banned by Bulgarian Farming Minister V.

Business | July 4, 2001, Wednesday // 00:00 | Viewed: 894

DB INTERESTED IN BULGARIA`S PRIVATIZATION

Deutsche Bank is interested in the privatization of the Bulgarian Telecommunications Company and Bulgartabac, as well as in the Bulgaria`s energy sector and in the infrastructure`s development, it transpired yesterday after the meeting of the Bulgarian de

Business | July 3, 2001, Tuesday // 00:00 | Viewed: 512
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria