Bulgaria Speculates on EU Funding
Bulgaria opened Saturday a special seminar focused on the EU Structural Funds. The Funds are designed to allot financial aid and resolve structural, economic and social problems.
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Austria Allots EUR 15,000 to Bulgarian Businesswomen
Austria's Government has allotted EUR 15,000 for training of Bulgarian business women. Forty ladies from the town of Vratsa will be able to benefit from the program.
WB to Finance Bulgarian Infrastructure Reconstruction
The World Bank (WB) will allot a total of USD 100 M for the reconstruction of Bulgaria's infrastructure. That was announced today Dimitar Hristov, Executive Director of the Roads Agency.
Unique MobileShop Launched Online
Bulgaria's largest mobile communications portal MobileBulgaria.com launched an online shop for mobile communications http://www.
Czeching out Competition for Bulgarian N-plant
Czech companies have bid for completing works on Bulgaria's second Nuclear-plant of Belene. Skoda representatives have informed Bulgarian energy officials over the companies' experience in building the Temelin Nuclear plant, commissioning since 2003.
Sofia to See Bulgarian-British Business Forum in Sept
A Bulgarian-British business forum will be organized in the beginning of September in Sofia. That was made clear following the first Bulgarian-British business breakfast.
Nine Companies Eye 40% in Bulgaria's MobilTel
A consortium of nine companies is eyeing a 40% stake in Bulgarian mobile operator MobilTel. A spokesman for Citigroup, which is overseeing the sale, Jeremy Hughes refused to name the companies.
Real Estate Prices Shoot Up in Varna
Real estate prices in Bulgaria's main coastal city of Varna have been rapidly increasing this year. According to a report released by the National Statistics Institute, floorage price went up by an average of BGN 164 (EUR 84) per square meter over the pe
Bulgaria's FinMin Quits IMF Head Race
Bulgaria's Finance Minister Milen Velchev will withdraw his candidacy for the post of head of the International Monetary Fund after the European Union backed Spain's Rodrigo Rato. A day earlier EU presiding Ireland issued a statement saying that Spain's
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.
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
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
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.
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
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
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
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.
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
Bulgaria's BTC Sale Complete "June 20"
Bulgaria set June 20 as the new deadline for completing its telecom sale.
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
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
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