Business

BUSINESS IN BRIEF

PEOPLE in Bulgaria have become poorer by 86.88% since 1997.

Business | June 26, 2001, Tuesday // 00:00 | Viewed: 534

SKF NOMINATED EXLUSIVE BUYER OF BEARINGS PLANT

The Swedish company SKF, selected as the exclusive buyer for the Sopot bearings plant, offers BGN 15 million to acquire the facility. The information was announced by Mariana Pecheyan, managing director of VSK Kentavar, another candidate for the bearings

Business | June 26, 2001, Tuesday // 00:00 | Viewed: 597

USD 1.463BN FLOATED BY WB FOR 25 OPERATIONS

The overall amount of credits extended by the World Bank /WB/ to Bulgaria stands at USD 1.463 billion for 25 operations, said Thomas

Business | June 26, 2001, Tuesday // 00:00 | Viewed: 450

TRADE BALANCE WITH RUMANIA DECREASING

Bulgarian exports to Rumania has grown 220% in the first quarter of this year, as compared to the previous one, which reduces the trade balance we had in the bilateral trade with this country, said Krassimira Likova, a commercial adviser of the Bulgarian

Business | June 26, 2001, Tuesday // 00:00 | Viewed: 426

VIDACHIM BANKRUPT DELCARED

Court of Appeals declared Vidachim, which was in a liquidation procedure, bankrupt, considered from June 21, 2001. Creditors Karbonex-Germany, First Private Bank, and Chimgasimpex won the case against the Vidin-based company, said Alexander Dimitrov,

Business | June 26, 2001, Tuesday // 00:00 | Viewed: 575

`CISCO AVVID LIVE ON TOUR` IN BULGARIA

The live road show to showcase Cisco AVVID: the architecture for e-business has been in 30 countries in Europe and the Middle East before coming to Bulgaria. On June 28 and 29, in front of the Hilton Hotel the multi-country road show will offer customers

Business | June 26, 2001, Tuesday // 00:00 | Viewed: 478

BALKAN SYNDICATES WANT PLANE SALE ANNULLED

Balkan Airlines` syndicates demand the sale of four TU 154-M planes be annulled. The complaint, filed in the Sofia Municipal Court, states the sale price is much lower than the actual market value.

Business | June 26, 2001, Tuesday // 00:00 | Viewed: 422

COMPAQ AND INTEL TO ACCELERATE SERVER ROADMAPS

Compaq Computer Corporation (NYSE: CPQ) and Intel Corporation today announced a multi-year agreement that accelerates availability of next-generation enterprise servers based on the Intel? ItaniumTM processor family. Both companies are strongly presented

Business | June 26, 2001, Tuesday // 00:00 | Viewed: 491

BULGARIA IS EXPANDING CURRENCY RESERVE

Bulgaria will expand her exchange currency reserve if the population would bring out their own cash in European currencies and start selling them to the Bulgarian National Bank (BNB), said for the `Standart` bank experts. The Managers` Board of the Centra

Business | June 26, 2001, Tuesday // 00:00 | Viewed: 594

BULGARIAN COMPANIES ATTRACTIVE AT FORUM IN TURKEY

BULGARIAN companies are attracting much interest at the Business Partnership forum, which started in Istanbul yesterday. The good

Business | June 25, 2001, Monday // 00:00 | Viewed: 566

BUSINESS NEWS IN BRIEF

BULGARIA`S EXPORTS IN APRIL amounted to USD 372.1 million, imports stood at USD 521.

Business | June 25, 2001, Monday // 00:00 | Viewed: 563

MARKET `SUPPLIES` MINISTERS WITH CARS AND PHONES

Democratic Party`s /DP`s/ leader Alexander Pramatarski is driving a black Mercedes S 500L, plate number C 0999 KT, which, according to customs documents which the PARI daily has, is registered to Commodity Market Iliyantsi EOOD.

Business | June 25, 2001, Monday // 00:00 | Viewed: 599

NEW IMF REPRESENTATIVE FOR BULGARIA

Ms. Pirita Sorsa will sabstitude Peter Stella as a standing representative of the International Monetary Fund (IMF) for Bulgaria, the Ministry of Finance reported.

Business | June 25, 2001, Monday // 00:00 | Viewed: 516

ZHOTEV AND HAMPARTZOUMYAN MAY HEAD TOP BANKS

Privatization Agency Executive Director Levon Hampartsoumyan will be the new Bulbank Executive Director, several financial media announced simultaneously. Hampartsoumyan is supposed to take over Momchil Andreev`s chair in the biggest private Bulgarian Ban

Business | June 25, 2001, Monday // 00:00 | Viewed: 562

BUSINESS IN BRIEF TODAY

HOT LINE FOR unfair spends of the foreign loans from the World Bank will be established soon in Bulgaria, Thomas O`Brien, local WB representative stated. Until now World Bank had financed projects for $495 M, another 133.

Business | June 25, 2001, Monday // 00:00 | Viewed: 575

BUD BANNED ON BULGARIAN MARKET

US famous beer Bud was banned on Bulgarian market as their Czech competitor Budwaiser Budvar won an intellectual rights property court case. The story dated long ago at 1911 when the court cases between the US Corporation and Czech brewery started suing e

Business | June 25, 2001, Monday // 00:00 | Viewed: 430

AUDIT OFFICE TO CONTROL THE CONCESSIONS

The new National Audit Office Act to grant it the right to control the concessions, Associated Professor Georgi Nikolov is to propose. Many of the audit offices over the world are granted this right because one of the recommendations of the EU to the coun

Business | June 24, 2001, Sunday // 00:00 | Viewed: 468

TODAY`S NEWS IN BRIEF

BULGARIA has left behind half of the way to EU accession and the negotiations can be finalized by the end of 2005, which means that on January 1, 2007 Bulgaria can be roclaimed a EU member, said the Belgian ambassador, Edmond de Wilde, in Vratsa at a busi

Business | June 24, 2001, Sunday // 00:00 | Viewed: 551

ALBENA ISSUES BGN 15 M BOND LOAN

The General shareholders` meeting of Albena AD, one of the biggest Black Sea resorts changed the board of directors today. The number of directors on the board was increased from five to seven.

Business | June 24, 2001, Sunday // 00:00 | Viewed: 440

BULGARIANS SERBS WITH JOINT TOBACCO BUSINESS

A Bulgarian-Serbian joint venture, Vidtabac, will start a regular production of cigarettes in Paracin, Serbia, by the end of June. Machinery and equipment, owned by Bulfgaria`s Vidin BT factory, have been moved to Serbia and Bulgarian workers are now ins

Business | June 23, 2001, Saturday // 00:00 | Viewed: 496

WB NEW STRATEGY FOR BULGARIA

Elections and governmental reshuffles in Bulgaria will not change the attitude of the World Bank towards the country, the WB Permanent Representative Thomas O`Brien said today. World Bank expressed interested in the economic policy that will be implemente

Business | June 22, 2001, Friday // 00:00 | Viewed: 491
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