Business

Bulgaria Bans Chicken Imports from Another 3 Chinese Provinces

Bulgaria's Agriculture Minister Mehmed Dikme issued Tuesday a ban on imports of chickens, eggs and giblets from three more Chinese provinces - Guangxi, Hubei and Hunan. The move comes after Chinese veterinary officials sent a letter to Bulgaria, saying t

Business | February 3, 2004, Tuesday // 00:00 | Viewed: 634

Bulgarian Economy Welcomes Russian Business

Bulgarian economy will wait to welcome more and more Russian companies on the domestic market, as Bulgaria's Deputy Prime Minister and Minister of Economy Lidya Shuleva and top government officials have agreed on a high official level during the two-day v

Business | February 3, 2004, Tuesday // 00:00 | Viewed: 525

S&P Assigns BB to Bulgarian TPP plant Maritsa East 2

Standard & Poor's Ratings Services assigned its BB long-term corporate credit rating with a stable outlook to Bulgaria's thermal power plant Maritsa East 2. This makes the company the first in Bulgaria's energy sector to be assigned credit rating.

Business | February 3, 2004, Tuesday // 00:00 | Viewed: 663

Hereward Expands JV in Bulgaria, 300,000 Ounces of Gold Deposits Found

UK company Hereward Ventures, which is participating with Gold Fields in a joint venture, will begin further drilling later this year in Bulgaria at two additional sites close to where it had found deposits of about 300,000 ounces of gold, Business Report

Business | February 3, 2004, Tuesday // 00:00 | Viewed: 773

5 Bids Submitted for Bulgaria's Tobacco Monopoly Sale Consultant

Five companies submitted offers in the contest for privatisation consultant of the sale deal for Bulgaria's tobacco monopoly Bulgartabac before the deadline expired on February 2. These are SG Corporate Finance Advisory, Paris; JP Morgan Plc, London; a co

Business | February 2, 2004, Monday // 00:00 | Viewed: 1821

Bulgaria's MobilTel Orders Content Mediation Platform from Swedish Teligent

Swedish company Teligent announced further achievements in the Eastern European market with an order from the Bulgarian mobile operator MobilTel of an advanced Content Mediation Platform to be delivered within the second quarter of 2004, PrimeZone Media N

Business | February 2, 2004, Monday // 00:00 | Viewed: 774

Maastricht Criteria Insufficient for Bulgaria's Entry into Euro Zone

Completing nominally the Maastricht macroeconomic criteria would be insufficient for Bulgaria to become a member of the European economic and monetary union, it became clear after the second day of discussions at the conference Through Economic Growth Tow

Business | February 2, 2004, Monday // 00:00 | Viewed: 2422

Renault Importer Plans to Double Sales in Bulgaria in 2004 y/y

ProMobile, official importer of Renault and Dacia for Bulgaria, expects to double its sales in 2004 as compared to the previous year, representatives of the company announced at a press conference on Monday. The projections are part of the company's ambit

Business | February 2, 2004, Monday // 00:00 | Viewed: 897

Russia Declared Interest in Bulgaria's IT and Tourism Privatization

Russia's Trade and Industry Chamber (TIC) is interested in intensifying the trade relations with Bulgaria, including larger distribution of Bulgarian goods on the Russian market, Evgenii Primakov, President of TIC stated after meeting with Bulgarian Deput

Business | February 2, 2004, Monday // 00:00 | Viewed: 698

Italy's Software Producer DeltaDator Stepped on Bulgarian Market

Italy's manufacturer and specialized software integrator DeltaDator has rendered exclusive rights to its Bulgarian analogue Bianor for distribution, integration and maintenance of all its products for Bulgaria, the company announced. The new joint ventur

Business | February 2, 2004, Monday // 00:00 | Viewed: 695

Russia Concerned Over Bulgaria's Decline to RAO Energy Tender Offer

Russian Finance Minister Alexey Kudrin has expressed his concern over the declined tender of Russia's RAO to the tender for 67 % stakes in seven electricity distribution companies in Bulgaria, turned down in mid January 2004 for failure to comply with the

Business | February 2, 2004, Monday // 00:00 | Viewed: 777

Russia Set to Pay Off USD 14.5 M of Its Debt to Bulgaria

Russia is ready to repay its outstanding debt to Bulgaria paying it off till end of 2004, Deputy Prime Minister and Financial Minister of the Russian Federation Alexey Kudrin said after meeting with Bulgarian Deputy Prime Minister and Economy Minister Lid

Business | February 2, 2004, Monday // 00:00 | Viewed: 622

Report: Bulgarian Business Stumbles Over International Accounting Standards

The implementation and training are the key problems facing the Bulgarian business, while striving to implement the International Accounting Standards (IAS), a study of the consultancy KPMG has revealed. The study has covered 156 respondents, 21% of whic

Business | February 2, 2004, Monday // 00:00 | Viewed: 675

Report: Bulgaria May Introduce the Euro in 2010

Bulgaria may be one of the new EU member countries to join the euro zone about 2010. Bulgaria has all chances to become a full-fledged member of the European Union (EU) in 2007, the economic analyst department of Bank Austria Creditanstalt (BA-CA) conclud

Business | February 2, 2004, Monday // 00:00 | Viewed: 1043

Turkey's Opet Aygaz to Build 60 Gas Stations in Bulgaria

Turkish fuel distribution company Opet Aygaz, owned by the Koc Holding consortium, will build a network of 60 gas stations across Bulgaria over the next three years, Bulgarian Dnevnik daily wrote. The project will be fulfilled with the help of a GDP 32

Business | February 1, 2004, Sunday // 00:00 | Viewed: 1058

Transport Minister: Bulgaria's Telecom Needs Staff Cut-Down

The number of employees really needed at Bulgaria's Telecommunications Company BTC is much smaller than that at the moment, Transport Minister Nikolay Vassilev told the National Radio on Sunday. Vassilev explained that whoever buys the BTC wouldn't cut d

Business | February 1, 2004, Sunday // 00:00 | Viewed: 763

Car Sales in Bulgaria to Drop by "No More than 10%"

The number of cars sold in Bulgaria will drop by no more than 10%, Chairman of the Bulgarian Association of Car Importers Stefan Hadzhinikolov said Saturday. He was approached for comment by local Darik radio after earlier this week Parliament decided to

Business | January 31, 2004, Saturday // 00:00 | Viewed: 823

SAPARD Funding for Bulgaria's Agriculture Boosted

A larger part of the funds allotted to Bulgaria upon the SAPARD program will be allotted for agriculture, Director of the state Agriculture Fund Asen Drumev told local Darik radio on Saturday. By the end of 2003, money allotted to those who process agric

Business | January 31, 2004, Saturday // 00:00 | Viewed: 1383

Bulgarian New-Car Buyers May See Tax Relief

The Bulgarian government should introduce tax relief for those who purchase a new car instead of a second-hand one, Environment Minister Dolores Arsenova said. In this way, the number of vehicles that are not environment-friendly would decrease.

Business | January 31, 2004, Saturday // 00:00 | Viewed: 706

UK's Petreco Waits for Natural Gas Drilling in Bulgaria

The British company Petreco is going to launch drilling operations in the natural gas deposit near the Galata cape on the Black Sea coast, Energy Ministry official said on Friday.

Business | January 30, 2004, Friday // 00:00 | Viewed: 1568

Bulgaria, Turkey Launch Joint Ventures on Military Equipment

Bulgarian and Turkish military arsenal producing companies will cooperate in the manufacture of military equipment for the peacekeeping units, maintained by the two countries, Bulgaria's Army Chief General Nikola Kolev said on Friday, the first day of his

Business | January 30, 2004, Friday // 00:00 | Viewed: 710
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