Business

Bulgaria's Railways to Open Investment Intermediary Tender

Bulgarian State Railways will open an investment intermediary tender, officials announced Friday. The approved intermediary will act as a representative and mediator in the sale of a corporate bond issue of the company worth EUR 30 M.

Business | February 20, 2004, Friday // 00:00 | Viewed: 701

Bulgarian IT Firms Focus on Building E-Municipality

More than 460 representatives of leading Bulgarians IT firms as well as municipal officials gathered Friday in Sofia to get familiar with the practical aspects of building e-municipality. The forum was organized by the Bulgarian office of International D

Business | February 20, 2004, Friday // 00:00 | Viewed: 1251

Number of Major Bulgarian Tax Payers Shoots Up

The number of the major Bulgarian taxpayers increases because of the improving investment climate, Nikolay Popov, Chief Executive of Bulgaria's Tax Directorate told local Darik radio. Popov also explained that an award would be presented to Bulgaria's ma

Business | February 20, 2004, Friday // 00:00 | Viewed: 602

High Hopes for Bulgaria to Ink Telecom Deal Fri

Hopes are high for Bulgaria to ink its major privatization deal - the sale of 65% in its telecom BTC to Viva Ventures - as on Friday the deadline for signing the contract expires. Last month the Privatisation Agency invited Viva Ventures to sign the cont

Business | February 20, 2004, Friday // 00:00 | Viewed: 755

Reports: Squabbles over Dividend, GSM Licence Delay Bulgaria's Telecom Sale

Controversies over dividend and mobile phone licence issues are likely to delay the expected signing of the contract for the sale of 65% stake in Bulgaria's dominant telecom carrier BTC by February 20, media reported, citing sources close to the sale.

Business | February 19, 2004, Thursday // 00:00 | Viewed: 727

Bulgaria Eyes "Economic Miracle" as EU Member

Becoming a full-fledged member of the European Union, Bulgaria, along with the rest of accession countries, is awaited by "an economic miracle", similar to that enjoyed by post-war Germany, according to Hans-Werner Sinn, head of the IFO economic institute

Business | February 19, 2004, Thursday // 00:00 | Viewed: 957

Bulgaria Grants Airport Concessions 2005

Concessions for Bulgarian airports will be granted as of 2005, under amendments to the Civil Aviation Act, which the parliamentary economic commission adopted on Wednesday.

Business | February 19, 2004, Thursday // 00:00 | Viewed: 740

EU Investments Heading to the East

EU accession countries are increasing their attractiveness as favoured places for investments, an analysis of London-based Ernst&Young over investments in Europe 2003 shows. The upcoming member countries have attracted 14 % more investors to their econom

Business | February 19, 2004, Thursday // 00:00 | Viewed: 623

Report: Top US Investors Shift to Eastern Europe

Top US companies are shifting eyes to Eastern Europe when it comes to decision-making about investments, according to a survey by the American Chambers of Commerce in Germany and the Boston Consulting Group, EUObserver reported. The survey has approached

Business | February 19, 2004, Thursday // 00:00 | Viewed: 690

Bulgaria Ready with Back-Up Electricity for the Olympics

Bulgaria's National Electricity Company (NEC) is ready to increase its power export to Greece to back up its electricity grid during the Olympic Games 2004, the state power utility announced. Yet there is no official asking from Greece to Bulgaria to bac

Business | February 19, 2004, Thursday // 00:00 | Viewed: 649

No Advertiser Selected to Present Bulgaria's Tourism Yet

Bulgaria's participation in the major 2004 international tourism fairs - in Berlina, Moscow, Kiev and London - is put at stake after none of the six bidders accomplished the procurement criteria set by the Executive Agency for National Tourism Promotion a

Business | February 19, 2004, Thursday // 00:00 | Viewed: 660

Bulgaria's Fin Min: 2004 Budget Deficit May Be Set at 0%

If problems with Bulgaria's current account deficit persist, budget deficit for 2004 might be set at 0%, Bulgaria's Finance Minister Milen Velchev, cited by local media, said Wednesday. The minister was a guest lecturer at a meeting with representatives

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 802

Bulgarian Business Short of Finance to Complete EU Standards

A total of 73 % of Bulgarian managers and businessmen are unable to complete the EU standards due to shortage of adequate finances, a sociological research carried out by Bulgaria's Alfa Research has revealed. The results, which outlined Bulgarian busine

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 752

Bulgaria Turns Into Balkans Riviera

Bulgaria is on its way to turn into the Riviera on the Balkans, seeing a steady growth in recent years, according to Neli Sandalska, Deputy Chief of Bulgaria's Association of Tour Operators. She stated on Wednesday that the 18-percent increased tourist f

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 1026

Croatia, Bulgaria 2003 Trade Exchange Up by 154% y/y

Bulgaria and Croatia's bilateral trade exchange shoot up by 154% in 2003 as compared to the previous 2002, Bulgaria's Deputy Economy Minister Radoslav Bozadzhiev announced Wednesday. Still, Bozadzhiev underlined that there is more to be achieved in the tr

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 659

Bulgaria's Largest Bank-Insurance Group Goes Online, Mark Record 2003

Bulgaria's largest banking and insurance group DZI-Roseximbank will unite online all of its 375 branches, the Group's CEO Emil Kyulev announced at a press briefing on Wednesday. The system is developed together with Telelink and BTC Net with the purpose t

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 1887

Microsoft Presents Bulgarian Version of Office 2003

Microsoft Bulgaria officially presented on Wednesday the Bulgarian version of its Office 2003. The new version includes four programs translated into Bulgarian language.

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 1245

Bulgaria's Telecom Sale "Hinges on 3rd GSM License"

Viva Ventures, which was invited to sign the contract for the sale of 65% stake in Bulgaria's dominant telecom carrier BTC by February 20, may back away from the deal if the telecom does not get a GSM licence. The condition has reportedly been stipulated

Business | February 18, 2004, Wednesday // 00:00 | Viewed: 848

Tunisair to Open Charter Flights to Bulgaria

Tunisair plans to open charter flights to Bulgaria and in 2005 to open a line to Sofia, it was announced on Tuesday. A Tunisair delegation is currently in Bulgaria and is to hold meetings with representatives of the Bulgarian Transport Ministry, Sofia ai

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 820

Socialists Spokesman: BAE Systems Inexperienced to Upgrade Bulgaria Helicopters

Members of Bulgaria's Socialist Party protested on Tuesday that the selection of UK company BAE Systems for the upgrade of the country's Mi-17 and Mi-24 helicopters is unprofitable, claiming the deal would serve the interests of London circles, close to t

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 950

Bulgaria's MG Corp Indebted to 21 Companies

Bulgaria's MG Corporation, founded by murdered last year Ilya Pavlov, is yet a debtor to 21 companies subcontracted for the construction and equipment of the hotels Rubin, Lebed, Prostor and International, Bulgarian news agency BTA informed on Tuesday. I

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 724
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