Business

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: 455

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

BULBANK NAMED BANK OF THE YEAR

Bulbank is the bank of year 2000 according to the chart of newspaper Pari Daily. Bank of the year in the second Group is `BNP-Parisbas`.

Business | July 3, 2001, Tuesday // 00:00 | Viewed: 430

CURRENCY WORTH BGN 75 781 SEIZED AT CUSTOMS

Last night officials from Sofia Airport seized currency at the amount of BGN 75 781, the Customs Agency announced. The customs inspectors prevented an attempt for illegal import of $21 380 by checking up a Bulgarian coming from Israel.

Business | July 3, 2001, Tuesday // 00:00 | Viewed: 468

11 COMPANIES TO OFFER `GREEN CARDS`

Eleven insurance companies will offer `Green Cards` from January 1, 2002. This became clear after the setting up of a National Green Card Bureau yesterday.

Business | July 3, 2001, Tuesday // 00:00 | Viewed: 416

NAFTEX WON`T FUEL NEFTOCHIM

The contract between Naftex and LUKoil is not for supplying Neftochim with oil, officials announced. The negotiations between the two companies have been concluded and after the official endorsement of the contract the concrete agreements are to be announ

Business | July 3, 2001, Tuesday // 00:00 | Viewed: 420

BNB AND KPMG SIGN IT CONTRACT

THE BULGARIAN National Bank /BNB/ and KPMG have signed a contract for working out a strategy for development of information technologies at the BNB. Under the contract, a team of the international consultant company will study the current state of IT at t

Business | July 3, 2001, Tuesday // 00:00 | Viewed: 538

PARI ANNOUNCES BANKER OF THE YEAR TODAY

THE RESULTS of the PARI daily`s restored annual ranking, Bank of the Year, will be officially announced in BTA`s press conference hall today. Four prizes will be awarded this year: Bank of the Year for the whole banking system, and Banks of the Year for G

Business | July 3, 2001, Tuesday // 00:00 | Viewed: 416

AMOUNT OF FRESH CREDITS DECREASES

BANK lending decreased between June 16 and 22, central bank data show. Interests on short-term loans rose, while the price of the long-term resource dropped.

Business | July 3, 2001, Tuesday // 00:00 | Viewed: 497

BUSINESS IN BRIEF

THE SUPERVISORY board of the Privatisation Agency decided to take all measures to complete the deal on the sale of 79% of Commodity Market Iliyantsi EOOD of Sofia to the first ranked candidate buyer, Commercial Centre Trakiya AD of Plovdiv. The Plovdiv-ba

Business | July 3, 2001, Tuesday // 00:00 | Viewed: 428

FINANCIAL TIMES: `BG ECONOMY BEST ON THE BALKANS`

Financial Times published today that the Bulgarian economy is the best on the Balkans adding that the country is facing incertitude because of the loss of the UDF in the national elections. The newspaper writes this region is in a good condition to overco

Business | July 2, 2001, Monday // 00:00 | Viewed: 515

NEW CEO OF THE CORPORATIVE BANK TO BE VOTED

The shareholders in Corporative Bank proposed to James Vincent Howy to take the CEO post replacing retired Temenouga Gazdova. She is to assume the same office in the Bulgarian-American Credit Bank.

Business | July 2, 2001, Monday // 00:00 | Viewed: 569

TRENCHEV UNVEILS SHADY DEAL WITH EMERALDS

Precious stones worth of $18 M were taken out of the country with forged documents, the president of `Podkrepa` Trade Union, Konstantin Trenchev, announced. He has signalled about 11 other deals.

Business | July 2, 2001, Monday // 00:00 | Viewed: 449

H&K SEES PR POTENTIAL IN BULGARIA

We see huge potential in Bulgaria to develop our PR activities, as soon the market here will grow up dramatically, Terence Billing, Hill & Knowlton Executive Vice President said at Hilton Sofia. That is why an year ago we had chosen as our partner the lar

Business | July 2, 2001, Monday // 00:00 | Viewed: 567

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Business | July 1, 2001, Sunday // 15:34 | Viewed: 134

BUSINESS IN BRIEF TODAY

THE FOREIGN currency reserves stood at BGN 7 Bln as of end-June, central bank figures show. For a year the reserve has grown by 13.

Business | July 1, 2001, Sunday // 00:00 | Viewed: 424
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