Business

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

Brand New Soft Drink Sets Foot on Bulgarian Market

A new soft drink branded Sinalco has set foot on Bulgarian market, after the German company Sinalco International GmbH&CoKG was licensed as exclusive brand distributor to the country. The official ceremony on presenting the new brand of Sinalco has taken

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 2378

Bulgaria Among 7 Most Favourite Skiing Destinations in UK

Bulgaria is among the seven most favourite skiing destinations visited every year by British tourists, a research by SkiClub of Great Britain reveals. About one million British go overseas to ski every year, mainly in the French Alpes, where a third of a

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 847

Bulgaria Air and Russia's Aeroflot to Share Airfares

Bulgarian flag carrier Bulgaria Air and Russia's Aeroflot agreed Monday on common sale of airfares for passengers on the route from Sofia to Moscow and then to Far East destinations such as Beijing and Tokyo. Aeroflot's General Director Valery Okulov and

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 858

Sofia Residential Property Market Sees Rising Demand

The average price of residential Real estate in Bulgaria's capital by December 2003 stood at EUR 400 per sq.m.

Business | February 17, 2004, Tuesday // 00:00 | Viewed: 963

Morgan Stanley Becomes Bulgaria's Tobacco Monopoly Consultant

Morgan Stanley & Co. Ltd has been appointed sales consultant of Bulgaria's tobacco monopoly Bulgartabac, Economy Ministry announced on Monday.

Business | February 16, 2004, Monday // 00:00 | Viewed: 1238

Bulgaria's Denyl Promotes Roy Robson Brand

Bulgaria's male clothing producer Denyl is going to promote the German trademark Roy Robson, the company's official site informed on Monday. Besides Roy Robson, the Bulgarian fashion center partners with Bugatti, whose trademark has been successfully pre

Business | February 16, 2004, Monday // 00:00 | Viewed: 2622

Bulgaria's Outstanding State Receivables Surpass BGN 2 B

Bulgaria's outstanding receivables has outreached BGN 2 B, mainly due to VAT draining and illegal business activities, State Receivables Agency Chief Stanislav Mihailov announced on Monday. He backed up the idea that a separate service for financial inve

Business | February 16, 2004, Monday // 00:00 | Viewed: 476

5 Indicative Bids Submitted for Bulgaria's Power Utilities

Five indicative bids for the privatisation of 67 percent stake in Bulgaria's power utilities were submitted before the deadline expired on February 16, the Privatisation Agency announced. Italy's ENEL, Germany's EON, Czech CEZ, Greece's PPC and Austrian

Business | February 16, 2004, Monday // 00:00 | Viewed: 755

Bulgarian Customs Revenues in January Shoot Up

Customs revenues collected in January 2004 shoot up reaching an amount of BGN 251, 140, 352 in that way marking an increase of BGN 19, 704, 437 as compared to the same month in 2003. The high revenues were collected from VAT, custom taxes, excises and fi

Business | February 16, 2004, Monday // 00:00 | Viewed: 535

Soft-Drinks Consumption in Bulgaria Up 8.2% y/y

Consumption of soft drinks in Bulgaria in 2003 reached 916 M liters in that way going up by 8.2% as compared to the previous year, which is the best accomplishment ever the Bulgarian Soft Drinks Association reported.

Business | February 16, 2004, Monday // 00:00 | Viewed: 630

Construction Site Cleared Out for Major Trade Center in Bulgaria

A successfully carried out blast in the early Sunday noon hours of Sofia capital cleared out the site for the construction of the biggest trade center in Bulgaria. The operation was organized and secured by the construction company the Mall of Sofia.

Business | February 15, 2004, Sunday // 00:00 | Viewed: 1228

Bulgaria's MG Puts at Sale Its Dubrovnik Hotel

The Bulgarian holding Multigroup (MG) has reached an agreement to sell off its Libertas Hotel in Dubrovnik to the Turkish hotel chain Rixos, Croatian Daily Vjesnik reported unofficially on Saturday, citing MG's lawyer in Croatia Denis Orlic. Libertas, wh

Business | February 15, 2004, Sunday // 00:00 | Viewed: 1635

Bulgarian Highway Construction for the Olympics Cancelled

The construction of Struma highway between Bulgaria and Greece, meant to be ready for the start of the Olympics Athens 2004 in July, will be called off, Bulgaria's Regional Development and Public Works Minister Valentin Tserovski stated on Saturday. He s

Business | February 15, 2004, Sunday // 00:00 | Viewed: 823

Bulgaria's Used Car Importers Appeal New VAT Monday

The importers of pre-owned vehicles will appeal the Cabinet decision to double VAT on second-hand cars as suggested by the lawyers of their newly set union.

Business | February 14, 2004, Saturday // 00:00 | Viewed: 1196

The Guardian: EU Fears Bulgaria GM Food Source

The EU is racing against time to stop genetically modified foodstuffs entering western Europe from the east after the community's enlargement on May 1, the Guardian wrote on Saturday.

Business | February 14, 2004, Saturday // 00:00 | Viewed: 923

Frenchman Claims EUR 15 M Jackpot in Europe's Lottery

A Frenchman has claimed the fifteen million euro jackpot in Europe's first cross-border lottery, Sky television reports. The winning numbers were 16, 29, 32, 36, and 41, and the winning Lucky Star numbers were 7 and 9.

Business | February 14, 2004, Saturday // 00:00 | Viewed: 605

Bulgaria "Rivals" Spain Tourism Industry

Spain's tourism industry is already suffering because of competition from Bulgaria, The Times wrote on Saturday, citing Rachel O'Reilly, spokeswoman for Thomson Holidays, Britain's largest tour operator. She singles out Turkey,Croatia, Egypt, the US and

Business | February 14, 2004, Saturday // 00:00 | Viewed: 856

Bulgaria Bans Imports of Chinese Poultry

Bulgaria slapped ban on imports of Chinese poultry meat and products after the burst of bird flu in the country.

Business | February 13, 2004, Friday // 00:00 | Viewed: 963

US Arms Supplier to Iraq to Seek Bulgarian Subcontractor

American consortium Nour, which won the tender to supply the Iraqi army with arms, will approach Bulgarian companies in search of producers, who would deliver equipment to that country, Poland's Warsaw Business Journal reported on Friday. Companies from

Business | February 13, 2004, Friday // 00:00 | Viewed: 2084

US, Japanese Rivalry for Bulgaria's Major T-Plant Stake

The supplement energy facilities at Bulgaria's major T-plant Maritza Iztok-1 will be built either by the US company AES, subcontracted by Alstom, or by the Japanese Mitzui in partnership with Italy's Enel, Bulgarian Energy Minister Milko Kovachev stated o

Business | February 13, 2004, Friday // 00:00 | Viewed: 991
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria