Business

LIBYAN TRIAL UNDER WAY

The Libyan court will hear the case of six Bulgarian medical workers alleged in deliberately infected 393 children with HIV-virus on June 16, one day before the General Elections in Bulgaria. The defense attorneys Vladimir Sheitanov and Osman Biznti reque

Business | June 15, 2001, Friday // 00:00 | Viewed: 453

MOBILTEL GIVEN ADDITIONAL FREQUENCIES

MobilTel, the only GSM provider in the country, was given additional frequencies today. This amendment to the license of MobilTel ensures the long expecting expansion of the network of the first GSM operator in Bulgaria.

Business | June 15, 2001, Friday // 00:00 | Viewed: 534

ELECTRICITY PRICES POSSIBLY GO DOWN IN 2004

The reduction of prices from TPPs Maritsa-East 1 and 3 will be implemented in three phases. The contracts with US companies AES and Entergy for new construction and rehabilitation of TPPs Maritsa-East 1 and 3 were signed on June 13.

Business | June 14, 2001, Thursday // 00:00 | Viewed: 564

HEMUS AIR SOLD TO A CYPRUS COMPANY

The Privatization Agency has selected Pirin Tourist as an exclusive buyer of Hemus Air, the only state owned airline company in Bulgaria. Other companies participating in tender as Sofia-based Leasing Company and Albanian Airlines were not short-listed.

Business | June 14, 2001, Thursday // 00:00 | Viewed: 629

NEXT ROUND NEGOTIATIONS FOR MOBIKOM STARTED

QualTrom, US Telecom company started negotiations to purchase 100 % of the old-fashioned NMT system mobile operator Mobikom. 49% of Mobikom is owned by Cable & Wireless, the rest by Bulgarian Telecom BTC and another state company.

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 556

MARITSA EAST DEALS SIGNED FINALLY

The contracts with US companies AES and Entergy for new construction and rehabilitation of TPPs Maritsa-East 1 and 3 were signed today at the Council of Ministers. The deals were approved last week by the cabinet and this raised political torts.

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 581

D & T REQUIRES INTERNATIONAL AUDITING STANDARDS

Bulgaria should introduce international auditing standards to match foreign investors` expectations and to improve investment climate in the country, Peat Huggendorn, board chairman of Deloitte & Touche, said at a regular meeting of the company`s director

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 721

STOMANA TO MERGE WITH GREEK VIOHALCO

Merger between Stomana Industries, a huge factory nearby Sofia and the Greek Sidenor metallurgical plant is about to end. The contract will be signed after the elections.

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 647

STATISTICS REPORTED 0.1% INFLATION MORE

Bulgaria`s month-to-month inflation rose with 0,1% in May, National Statistical Institute reported. The cumulative inflation rate for the first five months of 2001 stood at 0,9%.

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 554

KOZLODUY NUCLEAR PLANT UPGRADE LAUNCHED

$380 M loan will be granted for modernization of Units 5 and 6 of Kozlodui Nuclear Power Plant, Ivan Shilyashki, chairman of the Agency for Energy Efficiency, announced. The loan is drawn under credit agreements with Citibank, Rosseximbank and Euraton wit

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 559

SECTIONS OF MARITSA AND TRAKIA HIGHWAYS READY

Two sections of the Maritsa and Trakiya highways were opened yesterday by Regional Development Minister Evgenii Chachev. The project was calculated to BGN 31 M and is funded under ISPA program.

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 474

BAT WITH BULGARIAN LANGUAGE LABELS BY END OF 2001

`By the end of the year all British American Tobacco brands imported for the Bulgarian market will carry labels in Bulgarian language`, BAT Bulgaria General Director Philippe Charles announced today. The health warning labels as well as the tar and nicoti

Business | June 13, 2001, Wednesday // 00:00 | Viewed: 608

BULGARIA`S FOREIGN DEBT DOWN USD 262 M

Bulgaria`s gross foreign debt amounted to $10.102,100 Bln at end-April (74.

Business | June 12, 2001, Tuesday // 00:00 | Viewed: 444

CATTLE IMPORTS FROM CZECH REPUBLIC BANNED

Bulgaria banned imports of live cattle, beef, animal based feed and products from the Czech Republic, after a second test on a Czech cow proved positive for mad cow disease. Bulgaria imported 152 tones of frozen Czech beef in the first three months of thi

Business | June 12, 2001, Tuesday // 00:00 | Viewed: 518

ROLLS ROYCE TO INVEST IN HEAT STATIONS

British corporations Rolls Royce and International Water are deeply interested to invest in Bulgarian heat stations. At the moment it is strategic profitable step to invest into energy sector in the country, Austrian EPIC experts said also at an internat

Business | June 12, 2001, Tuesday // 00:00 | Viewed: 483

UDF CONGRATULATED KING FOR INFORMERS REMOVAL

UDF congratulates the courage of King`s coalition to withdraw and replace 16 MP nominees from its tickets disclosed as collaborators with former State Security. Yesterday NMS II took out of its nominee lists two more MP candidates from Stara Zagora.

Business | June 11, 2001, Monday // 00:00 | Viewed: 474

BULGARTABAC ON TENDER UNTIL THE END OF JUNE

Privatization`s Agency CEO Levon Hampartsumian will organize a meeting with representatives of world-known tobacco producers to draft the privatisation strategy. British American Tobacco, Philip Morris, Sokotab are among interested in Bulgartabac privatis

Business | June 11, 2001, Monday // 00:00 | Viewed: 458

500 PROJECTS SUBMITTED UNDER SAPARD

For one-week period 500 projects for funding under SAPARD program were submitted to the regional departments of the State Fund “Agriculture”, Ventsislav Varbanov, Minister of Agriculture and Forestry, announced in Pleven today. The first meeting with shor

Business | June 11, 2001, Monday // 00:00 | Viewed: 454

BULGARIA TO EXPORT ELECTRICITY TO THE REGION

Kosovo starts to import electricity from Bulgaria, National Electric Company (NEC) announced. The offer encompasses the period June 25-July 9 and from July to September.

Business | June 11, 2001, Monday // 00:00 | Viewed: 452

STATE INSURER PRIVATISATION TO BE FINALIZED

The deal on the State Insurance Institute (DZI) will be finalized by this week`s end, Privatisation`s Agency CEO Levon Hampartsumyan, said. Consortium between TBI Holding and DZI 2000 MEBO will become owner of 67% of the state insurer.

Business | June 11, 2001, Monday // 00:00 | Viewed: 394

UK TOUR OPERATORS TO VISIT SEA RESORTS

Annual visit of over 100 tour operators from UK to Bulgarian Black Sea resorts is organized by `Balkan Holidays` agency. Potential of Bulgaria as a tourism destination will be presented.

Business | June 11, 2001, Monday // 00:00 | Viewed: 459
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