Business

Bulgaria Considers DISK Obligations Buy Back

Bulgaria might buy back the DISK obligations. That was announced by Bulgaria's Finance Minister Milen Velchev upon his arrival from London.

Business | April 20, 2004, Tuesday // 00:00 | Viewed: 961

Eastern European Banks Boost Potential

Central and Eastern European banks shall keep the trend of operating more profitably than West European banks. According to a study of Bank Austria Creditanstalt, presented at the EBRD annual meeting in London, banking loans and deposits are expected to

Business | April 20, 2004, Tuesday // 00:00 | Viewed: 832

Bulgarian Government Pushes for Open Procurement

Bulgaria is looking for effective implementation of amended procurement rules and adopting anti-corruption measures. The government, business and non-profit organizations have gathered Tuesday in Sofia to discuss the amended Procurement Act, which introd

Business | April 20, 2004, Tuesday // 00:00 | Viewed: 1009

Sale of Bulgaria's MobilTel Equity Greenlighted

The sale of the 40% stake in Bulgarian mobile operator MobilTel will be wrapped up in a month at the latest, according to reports.

Business | April 20, 2004, Tuesday // 00:00 | Viewed: 816

Bulgaria Hires Lawyers over Bonds

Bulgaria seeks advice from lawyers in view of an expected dispute with the owners of USD 679 M of bonds with an interest rate, which is tied into the size of the country's GDP. In the worst case calculation, Bulgaria could owe USD 228 M in interest arrea

Business | April 20, 2004, Tuesday // 00:00 | Viewed: 965

British American Tobacco Still Eyes Bulgartabac

Leading world tobacco company British-American Tobacco has once again confirmed its interest in the privatisation of Bulgarian tobacco giant Bulgartabac. Bulgaria's Economy Minister Lidia Shuleva held talks today with representatives of the major company

Business | April 19, 2004, Monday // 00:00 | Viewed: 1128

Bulgaria's Neighbour in Tourism Focus

A group of thirteen tour operators from the US, Britain, Italy, Germany, Bulgaria and Turkey are assessing Macedonia's tourism potential. Within a four-day visit the state Tourism Cluster will represent a project, aimed at promoting the country's natural

Business | April 19, 2004, Monday // 00:00 | Viewed: 999

Bulgaria Air Direct to Prague

Bulgaria's flagship carrier Bulgaria Air will carry out its first direct flight to Prague on May 31, while a Varna-London-Varna line will be opened in June. The company will also open a direct line between Sofia and Milan in July.

Business | April 19, 2004, Monday // 00:00 | Viewed: 979

Turkey's Opet to Invest EUR 70 M in Bulgaria

Turkish fuel distribution company Opet says it wants to invest EUR 70-80 M to boost its involvement in Bulgaria's petrol market. Opet Aygaz, owned by the Koc Holding consortium, will open more than 60 gas stations across Bulgaria over the next three year

Business | April 19, 2004, Monday // 00:00 | Viewed: 981

Bulgaria's BTC Sale Complete "June 20"

Bulgaria set June 20 as the new deadline for completing its telecom sale.

Business | April 19, 2004, Monday // 00:00 | Viewed: 673

Bulgarian FinMin Boosts Chances for IMF Chair

The chances of Bulgarian finance minister to take over the IMF chair are increasing as one of his main competitors Jean Lemierre has kept the helm of EBRD. The Frenchman has been reelected president by the bank's board of governors on Monday during their

Business | April 19, 2004, Monday // 00:00 | Viewed: 627

Iraq Starving for Consumer Goods

The Iraqi market suffers mostly from insufficient medicines, second hand cars and faiaence goods. According to Vassil Vassilev, Chairman of the Bulgarian Employers Union, the Iraqis can afford a lot of things financially, but in fact they are unable to b

Business | April 19, 2004, Monday // 00:00 | Viewed: 634

EBRD Releases EUR 40 M to Bulgarian Banks

The European Bank for Reconstruction and Development will release EUR 40 M for Bulgarian commercial banks to extend loans to small and medium-sized enterprises by the end of this year. The strategy of the European Bank for Reconstruction and Development

Business | April 18, 2004, Sunday // 00:00 | Viewed: 559

Romanian Cash for Second Danube Bridge

The Romanian government has greenlighted EUR 48.2 M project for the construction of a second Danube Bridge between the Bulgarian port of Vidin, 210 kilometers (130 miles) north of Sofia, and the Romanian port of Calafat.

Business | April 18, 2004, Sunday // 00:00 | Viewed: 1130

Bulgaria Salmon Ban

The Bulgarian Agriculture Ministry banned the imports of salmon, caught in the Baltic Sea, due to the high levels of dioxin. The prohibition affects the imports from the EU member states and from the candidate countries.

Business | April 17, 2004, Saturday // 00:00 | Viewed: 1201

"Record High Price" for 40% in Bulgaria's MobilTel

A price of EUR 600 M - EUR 700 M has been negotiated for the sale of 40% stake in Bulgarian mobile operator MobilTel, according to reports.

Business | April 17, 2004, Saturday // 00:00 | Viewed: 863

No Exact Date for 3rd GSM Licence Issue

Bulgaria's Commission for the Protection of Competition (CPC) announced no specific date for the issue of the third GSM licence. CPC Head Petko Nikolov said that he couldn't tell when will the commission decide over Bulgaria's Communications Regulation C

Business | April 16, 2004, Friday // 00:00 | Viewed: 822

Bulgaria's Foreign Debt Up by EUR 158.1 M

Bulgaria's gross foreign debt amounted to EUR 10, 49 B in the end of February. According to the Bulgarian National Bank the foreign debt has gone up by EUR 158,1 M or 1,5% as compared to the end of 2003 when the GDP stood at EUR 10,33 B,

Business | April 16, 2004, Friday // 00:00 | Viewed: 590

Germans Eager for Eastern Investment

German political elite fears possible job drain to the ten countries joining the EU. According to Frankfurter Allgemeine Zeitung, those countries - being low-wage and low-tax paradise - pose a threat of channelling some traditional productions out of the

Business | April 16, 2004, Friday // 00:00 | Viewed: 752

Bulgaria to Set Up Trade Zone in Iraq

A private Bulgaria company is set to establish a trade zone in Iraq. AFP reported that the Bulgarian "Bratya Vassilevi" (Vassilevi Brothers) company would set up the trade zone in the Iraqi region near the Jordanian border.

Business | April 15, 2004, Thursday // 00:00 | Viewed: 812

Bulgarian Heads Moscow World Bank Office

A Bulgarian national will head World Bank's office in Moscow, the local Economic Strategies Institute reported. The appointment of Kristalina Georgieva came after the approval by Russian President Vladimir Putin and the World Bank's Director James Ulfens

Business | April 15, 2004, Thursday // 00:00 | Viewed: 670
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