Business

Bulgaria Set to Retain Prices Control after Power Utilities Sale

Bulgaria will continue to regulate the price of electricity even after the privatization of the country's seven power distribution utilities, Sofia's Energy Minister Milko Kovachev told Bulgaria's National Television Tuesday. After the privatization Bul

Business | June 3, 2003, Tuesday // 00:00 | Viewed: 513

Greece's Top Businessmen Seek New Contacts in Bulgaria

Greece's top one hundred and thirty businessmen arrived in Bulgaria to seek new opportunities for Bulgarian-Greek business cooperation. The Greek delegation is led by National Bank governor Theodoros Karatzas joined talks with Bulgarian firms' managers T

Business | June 3, 2003, Tuesday // 00:00 | Viewed: 1036

Bulgaria Launched Contest for Third National TV Channel

Bulgaria's Communications Regulation Commission announced Monday the start of the contest for a license for third national TV channel. Czech Nova Holding, Sweden's TV2, Sofia-based Nova TV and Top TV are the bidders so far, with Italy's Media Set Company

Business | June 2, 2003, Monday // 00:00 | Viewed: 654

Bulgaria Plans to Extend Concessions for Black Sea Airports

Bulgaria is planning to extend concessions for Varna and Burgas airports for a period of up to 35 years, Bulgaria's Transport Minister Plamen Petrov said Monday. In this way the two airports will get foreign companies' financial support and provide better

Business | June 2, 2003, Monday // 00:00 | Viewed: 1206

Bulgarian Takes over Deloitte & Touche Central European Risk Management

Vasko Raichev, former managing partner Deloitte & Touche Bulgaria and Macedonia, took over the position of Deloitte & Touche Central Europe risk management partner as of June 1. Raichev will be replaced by Paul-Andre Michaud, also a managing partner for B

Business | June 2, 2003, Monday // 00:00 | Viewed: 1123

Court's Decision on Scrapped BTC Deal Announced June 5th

Bulgaria's Supreme Administrative Court should announce June 5th its decision about the scrapped sale of a 65-percent stake of Bulgarian Telecommunications Company (BTC) to US firm Advent. We believe that our offer is the most favorable and intend to wi

Business | June 1, 2003, Sunday // 00:00 | Viewed: 618

Bulgarian Firms Favored for Iraq's Reconstruction

Bulgaria's firms are among the most favored candidates for the post-war reconstruction of Iraq according to The US Agency for International Development (USAID), Bulgaria's Deputy Economy Minister Milen Keremedchiev said Sunday.

Business | June 1, 2003, Sunday // 00:00 | Viewed: 592

US Firm Advent Offers EUR 280 M for 65 % of Bulgaria's Telecom

US private equity firm Advent International offers EUR 260 M for a 65-percent stake in the Bulgarian Telecommunications Company (BTC), Advent's leadership stated Saturday. We can even raise our bid up to EUR 280 M and totally revise our offer, Advent lea

Business | May 31, 2003, Saturday // 00:00 | Viewed: 629

220 Bulgarian Firms Apply for Iraq's Post-War Reconstruction

Two hundred and twenty Bulgarian firms tabled their applications for taking part in the post-war reconstruction of Iraq, Bulgaria's Deputy Economy Minister Milen Keremidchiev said Saturday. Leaders of US companies that already signed contracts for going

Business | May 31, 2003, Saturday // 00:00 | Viewed: 551

Bulgaria's Foreign Debt Down by EUR 2 B

Bulgaria's foreign debt has dropped by nearly EUR 2 B, or a third of the country's GDP. Bulgaria's Finance Minister Milen Velchev said that during on-line conversation with Bulgarians and foreigners interested in the ministry's work.

Business | May 30, 2003, Friday // 00:00 | Viewed: 635

Deputy PM: Corruption Plagues Bulgarian Business no More

Corruption is no more one of the main problems of business in Bulgaria. This is what the country's Deputy Prime Minister and Economy Minister Nikolay Vassilev said speaking to German businessmen.

Business | May 30, 2003, Friday // 00:00 | Viewed: 527

Koc Holding Proves Money Origin for Purchase of Bulgaria's Telco

Today is the deadline for consortium between Koc Holding/Turkish Telecom to prove the money, which it will use to pay for the Bulgarian Telecommunications Company (BTC), is clean. The tie-in has to submit a declaration on the origin of the resources to Bu

Business | May 30, 2003, Friday // 00:00 | Viewed: 569

Bulgarian TSAKOS Abandons Varna Shipyard Bid

Negotiations with Bulgarian company TSAKOS Shipping and Trading for the privatization of Bulgaria's Varna shipyard were cancelled Thursday.

Business | May 29, 2003, Thursday // 00:00 | Viewed: 784

Privatization Geared for 51% of Bulgaria's Printing Complex

Bulgaria's Privatization Agency invited a tender for 51 percent of the capital of Rodina Printing and Publishing Complex.

Business | May 29, 2003, Thursday // 00:00 | Viewed: 554

Jordan Names Partnership Sectors to Involve Bulgaria in Iraq Deals

Pharmacy, construction and medicine are the major sectors in which Jordan and Bulgaria can work together to gain advantage in the post-war reconstruction of Iraq. Jordan's Minister of Planning Bassam Awadallah said that at his meeting with Bulgaria's Fore

Business | May 29, 2003, Thursday // 00:00 | Viewed: 620

Telecom Austria's CEO Resigns from Bulgarian Mtel Body

Heinz Sundt has resigned as member of the Supervisory Council of Bulgarian GSM operator Mtel. He is also a chief executive and chairman of Telecom Austria - one of the companies that has shown interest in the Bulgarian operator which goes for sale.

Business | May 28, 2003, Wednesday // 00:00 | Viewed: 689

Turkey "Invested USD 150 M in Bulgaria"

Turkish companies have invested in Bulgaria over USD 150 M, Bulgaria's trade attach? to Istanbul Evgeni Genev said. On a meeting of the Chamber of Industry and Trade in Bursa he underlined the importance of dialogue between Bulgarian and Turkish business

Business | May 28, 2003, Wednesday // 00:00 | Viewed: 598

Bulgaria's Major Trade Partners Remain European Countries

Bulgaria's major trade partners are member countries of the European Union. European nations accounted for over 51 percent of Bulgaria's foreign trade exchange over the first three months of 2003, a research of the National Statistical Institute shows.

Business | May 28, 2003, Wednesday // 00:00 | Viewed: 839

Non-confidence Motion "Won't Affect Investors' Interest in Bulgaria"

The non-confidence motion against Bulgaria's prime minister to be put to the vote on Thursday will not affect the investors' interest in the country. This is what Borislav Vladimirov, Emerging Markets Director of UBS-London told Bulgarian Darik radio.

Business | May 28, 2003, Wednesday // 00:00 | Viewed: 510

6% of Bulgaria's Unemployed Hold University Degree

University degree holders make for 6 percent of Bulgaria's jobless rate, Bozhidar Danev, chairman of the Bulgarian Industrial Association, said Wednesday.

Business | May 28, 2003, Wednesday // 00:00 | Viewed: 610

Main Sectors to Breed Corruption in Bulgaria Named

The administration, import and customs breed shadow economy according to a survey of Bulgaria's Centre for the Study of Democracy (CSD). The shadow economy is shrinking, according to the centre's research, though it is still early days to say if this is

Business | May 27, 2003, Tuesday // 00:00 | Viewed: 774
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