Business

American Standard Top Up Investments in Bulgaria

Bulgaria's pottery factory Vidima Ideal has increased its production facilities with nearly 15 percent. The US investor American Standard eyes to continue extending its local investments, as the Sevlievo-located factory is a big supplier of sanitary pott

Business | March 28, 2004, Sunday // 00:00 | Viewed: 701

Bulgaria May Become Offshore Zone

Bulgaria can become an offshore zone to boost up its economic growth. The idea reportedly was discussed by Prime Minister Simeon Saxe-Coburg, Finance Minister Milen Velchev and Prof Richard Rahn, a prominent financial expert, a couple of weeks ago.

Business | March 27, 2004, Saturday // 00:00 | Viewed: 839

Bulgaria's Highways on Concession within Year

Bulgaria's two main highways Trakiya and Hemus will be rendered to concession within a year. European companies have already declared their interest in the concession of the two highways, Regional Development Minister Valentin Tserovski stated on Saturda

Business | March 27, 2004, Saturday // 00:00 | Viewed: 679

Sofia Becomes Coffee Flavoured

Bulgaria's capital Sofia will feel the flavour of freshly packaged Spetema-branded coffee. Spetema is set to launch a new packaging factory in Sofia's industrial suburb of Bozhurishte, the construction costing about BGN 12 M.

Business | March 27, 2004, Saturday // 00:00 | Viewed: 833

Iraq Reconstruction Company Eyes Bulgarian Subcontractors

The US Kellogg Brown & Roof, holding USD 800 M contracts for Iraq reconstruction works, is looking for Bulgarian subcontractors. A representative of the company has met with several Bulgarian companies over this week, Deputy Prime Minister and Economy Mi

Business | March 27, 2004, Saturday // 00:00 | Viewed: 1288

Macedonia, Bulgaria to Lobby for Railway Financing

Macedonia and Bulgaria will lobby at international financial institutions for providing EUR 250 M funds to finish the railway between Skopje and Sofia. The railway is part of the transport corridor No.

Business | March 27, 2004, Saturday // 00:00 | Viewed: 872

Bulgaria Opens Regular Air Flights to Skopje

Bulgaria's private company Hemus Air will launch regular flights to Skopje, starting from June 17. It will promote the communication between the two cities, Bulgaria's Transport Minister Nikolay Vassilev said following his meeting with his Macedonian cou

Business | March 26, 2004, Friday // 00:00 | Viewed: 3285

Bulgaria's Third GSM Licence Still Mulled

Viva Ventures will be informed on whether it will be granted a no-bid licence for the third GSM operator within forty-five days.

Business | March 26, 2004, Friday // 00:00 | Viewed: 710

Cisco Systems 2nd Business and Innovations Expo to Start in Sofia

Cisco Systems Bulgaria is bracing up for a second conference dedicated to "Business and Innovations". It will be accomopanied by an exhibition in Kempinski-Zografski hotel on April 7-8 (registration at www.

Business | March 25, 2004, Thursday // 00:00 | Viewed: 920

Bulgaria Air Profits Take Off

Bulgaria's flag carrier revenues for 2003 overshot projections by 20%. The company's management reported BGN 76 M of revenues in Rome, where it holds talks for cooperation with Italy's national flag carrier Al Italia.

Business | March 25, 2004, Thursday // 00:00 | Viewed: 808

Telekom Austria Eyes Bulgaria's MobilTel Again

Telekom Austria AG has confirmed its interest in buying a majority stake in MobilTel, the Bulgarian mobile operator that is valued at up to EUR 1.4 B.

Business | March 25, 2004, Thursday // 00:00 | Viewed: 828

Bulgaria Expects More Russian Tourists

Russian tourist interest in Bulgaria is expected to be on the rise this year. We hope to revive the flow of Russian tourists toward Bulgaria, Deputy Economy Minister Dimitar Hadzhinikolov stated during the opening of the Bulgarian booth at the Moscow Int

Business | March 25, 2004, Thursday // 00:00 | Viewed: 665

PM Gives Alpinists Flag to Unfurl on Everest

Prime Minister Simeon Saxe-Coburg wished success to the ten Bulgarians who will start Sunday an expedition, heading for the world's highest peak, Mt Everest (8,848 m).

Business | March 24, 2004, Wednesday // 00:00 | Viewed: 766

Italy Sees Bulgaria as Air Traffic Control Centre

Italy will back Bulgaria in its efforts to become a regional air traffic control centre for Central and Southeast Europe along with Brindizi. Bulgarian Transport Minister Nikolay Vassilev has been given the assurance by Italian Deputy Prime Minister Gian

Business | March 24, 2004, Wednesday // 00:00 | Viewed: 1245

Construction Ban in Sofia Main Park Looms

Construction works on plots in Sofia's second largest park will be banned after it emerged it will be carved up among developers.

Business | March 24, 2004, Wednesday // 00:00 | Viewed: 660

Russia Bids for Bulgaria's Second N-Plant Construction

Russia will bid for the construction of second Bulgarian Nuclear plant at Belene, according to Russia's Deputy Minister of Nuclear Energy Vladimir Asmolov. The new Bulgarian plant will be equipped with two VVER-1000 nuclear reactors, Russian news agency

Business | March 24, 2004, Wednesday // 00:00 | Viewed: 1158

IMF to Bulgaria: Keep Currency Board Mode

The International Monetary Fund warned Bulgaria against giving up the currency board arrangement. This is not a good idea, the head of the International Monetary Fund (IMF) Mission to Bulgaria, Hans Flickenschield, commented in reaction to the proposal o

Business | March 24, 2004, Wednesday // 00:00 | Viewed: 780

Some 80,000 Swedish Tourists to Flock to Bulgaria in 2004

More than 80,000 Swedish tourists will visit Bulgaria in 2004, the Swedish ambassador to the Balkan country Bertil Roth forecasted. Some 70,000 Swedish tourists came to Bulgaria in 2003.

Business | March 24, 2004, Wednesday // 00:00 | Viewed: 909

Over 700 Participants in Sofia Construction Expo

More than 700 Bulgarian and foreign companies will take part in the special Stroiko 2000 Expo - the biggest commercial exhibition for architecture, construction, and furnishing that opened doors on Wednesday in Sofia. The steadily increasing number of par

Business | March 24, 2004, Wednesday // 00:00 | Viewed: 640

New Bulgarian Coin for Palm Sunday

The Bulgarian National Bank (BNB) issued a special coin to mark Tsvetnitsa-Vrabnitsa (Palm Sunday) holiday that is widely celebrated in Bulgaria. The coin has weight of 15g and diameter of some 34.

Business | March 24, 2004, Wednesday // 00:00 | Viewed: 800

Head of IMF Mission to Bulgaria Welcomed in Sofia

The head of the International Monetary Fund (IMF) Mission to Bulgaria, Hans Flickenschield, arrived in Bulgaria on Wednesday. The mission will continue until April 13.

Business | March 24, 2004, Wednesday // 00:00 | Viewed: 532
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