Business

Supreme Court Rules Advent Back in Bulgaria's Telco Sale

A five-member panel of Bulgaria's Supreme Administrative Court (SAC) overruled the decision of the of the supervisory board of the Privatisation Agency to scrap the EUR 210 M sale of a 65-percent stake in Bulgarian Telecommunications Company BTC to U.S.

Business | July 29, 2003, Tuesday // 00:00 | Viewed: 750

Businessmen Fear Cultural Shock upon Bulgaria's EU Entry

One of the associations of Bulgarian businessmen sounded alarm about possible shocks for local entrepreneurs as the country is expected to join the European Union. They voiced their concerns at a meeting with Bulgaria's Euro-integration Minister Meglena K

Business | July 28, 2003, Monday // 00:00 | Viewed: 475

Bulgaria Moves to Enhance Tax Collection

As Bulgaria moves to boost collection of taxes and social contributions, the financial administration counts on an increase of BGN 600 M of tax revenues till 2006. The leap is expected since the country is currently establishing a national agency on reve

Business | July 28, 2003, Monday // 00:00 | Viewed: 500

80,000 Bulgarians Found Work through Social Program

Over 80,000 Bulgarians are working thanks to the social program "From Social Benefits to Employment", the executive director of Bulgaria's Employment Agency Tsveta Nanyova said Monday. She also explained that over BGN 43 M have been spent on the social p

Business | July 28, 2003, Monday // 00:00 | Viewed: 437

New Transport Minister Pledges Extra Care for High Technologies

The deputy prime minister who switched the Economy with the Transport Ministry in Bulgaria's recent governmental reshuffle -- Nikolay Vassilev -- pledged extra attention to the high technologies. He pointed out this sector would be vigorously stimulated d

Business | July 27, 2003, Sunday // 00:00 | Viewed: 404

Bulgaria "Won't Suffer Grain Crisis"

Bulgaria will not suffer a grain crisis, the country's agriculture minister affirmed. Mehmed Dikme who heads the Agriculture Ministry in Sofia countered the words of his predecessor Ventsislav Varbanov who sounded alarm Friday over "looming shortages.

Business | July 27, 2003, Sunday // 00:00 | Viewed: 459

Insurer Denies Talk of War Risks Omission for Bulgaria's Iraq Unit

Bulgaria's biggest insurer DZI denied media talk that it does not cover the war risks of the Bulgarian Iraq-bound battalion. The company, which won the insurance contract following a tender, stated Saturday that it covers all possible risks.

Business | July 26, 2003, Saturday // 00:00 | Viewed: 490

Bulgaria's New Economy Minister Outlines Priorities

Bulgaria's freshly appointed Economy Minister Lydia Shuleva discussed the main priorities of the government for her new province highlighting investments, small and middle-sized enterprises and infrastructure as top issues.

Business | July 26, 2003, Saturday // 00:00 | Viewed: 464

Bulgaria in Search for Satellite Launch Candidates

The communications regulating commission in Sofia is in search for candidates to launch three satellites into space. The satellites will transmit radio, television, Internet, and voice telephony signals as well as convey data.

Business | July 26, 2003, Saturday // 00:00 | Viewed: 471

Bulgaria Savours Rapid Growth of Customs Revenues

Bulgaria anticipates a substantial increase in its customs revenues in 2003 according to the country's finance minister. This year's results will overshoot what was collected in 2001 by BGN 700 M.

Business | July 26, 2003, Saturday // 00:00 | Viewed: 455

Bulgaria's Biggest Insurer Covers Risks for Iraq-Bound Battalion

The biggest Bulgarian insurer DZI secured full-range insurance for the Bulgarian infantry battalion that leaves Saturday on an Iraq peacekeeping mission. The military unit will be indemnified in case of accidents and will have medical expanses covered.

Business | July 25, 2003, Friday // 00:00 | Viewed: 463

Hotel Chain Minotel Expands into Bulgaria

Three Bulgarian hotels were made part of the European hotel chain Minotel, Bulgarian Dnevnik daily reported.

Business | July 25, 2003, Friday // 00:00 | Viewed: 448

Social Rider in Privatization Deal over Bulgaria's Power Utilities

The commissions on energy and economy policy with the Parlaiment in Sofia approved the social section to the strategy for the privatization of Bulgaria's seven power distribution utilities. Milko Kovachev, Bulgaria's energy minister, commented that it wa

Business | July 25, 2003, Friday // 00:00 | Viewed: 464

Alarm Sounded over Possible Wheat Crisis in Bulgaria

Bulgaria will be soon hit by a wheat crisis says a declaration of the rightist opposition party Union of Democratic Forces (UDF) published Friday by Ventsislav Varbanov, agriculture minister in the previous Bulgarian government. The declaration also pred

Business | July 25, 2003, Friday // 00:00 | Viewed: 642

Bulgaria's DSK Bank Deal Approved by Competition Watchdog

Bulgaria's Commission for Protection of Competition has approved the deal with Hungary's National Savings and Commercial Bank (OTP) over the privatisation of a 100 per cent stake in Bulgaria's last state-owned DSK bank. The decision says that the privati

Business | July 24, 2003, Thursday // 00:00 | Viewed: 427

Cabinet Backed Controversial Labour Rules in Bulgaria

Bulgaria's Cabinet greenlighted controversial amendments to the Labour Code so that they can enter the Parliament.

Business | July 24, 2003, Thursday // 00:00 | Viewed: 409

Syndicates to Take Part in Bulgaria's Power Utilities Privatization

Bulgaria's syndicates might state their conditions in the draft contracts over the privatization of the country's seven power distribution utilities, Bulgaria's Energy Ministry announced Wednesday.

Business | July 23, 2003, Wednesday // 00:00 | Viewed: 386

Advent to Up Bid for Bulgaria's Telco

U.S.

Business | July 23, 2003, Wednesday // 00:00 | Viewed: 568

Bulgaria Sees Shadow Economy Shrink

The measures that Bulgaria's government had taken against the shadow economy have already yielded result according to experts. The steps made to refrain outlaw business activities, as least those introduced since the start of 2003, have had the necessary

Business | July 23, 2003, Wednesday // 00:00 | Viewed: 521

Bulgarian Customs Revenues Reached BGN 1.5 B Jan-Jun

Bulgarian customs revenues reached some BGN 1.5 B over the first half of 2003, officials reported Wednesday.

Business | July 23, 2003, Wednesday // 00:00 | Viewed: 498

New EUR 7 M Projects to Back Bulgarian Business

Three new PHARE projects worth EUR 7 M officially started in Bulgaria Wednesday in support of small and middle-sized business. An analysis of Bulgarian business' present condition will be made as part of the projects.

Business | July 23, 2003, Wednesday // 00:00 | Viewed: 453
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