Business

Bulgaria's Prosecution Requests Skopje to Extradite Ex-banker

The Supreme Cassation Prosecution Office officially requested from Macedonian judicial authorities the extradition of Ivan Mironov, former executive director of Balkanbank, the Bulgarian National Radio reported. A photo of Mironov and information on his s

Business | January 2, 2003, Thursday // 00:00 | Viewed: 437

Bulgaria's Telco Lost Landline Monopoly

State-owned Bulgarian Telecommunications Company has lost its monopoly over fixed-line telephony January 1st. The new telecom bill will be adopted by March according to Yordan Mirchev, parliamentary telecom and transport committee head.

Business | January 2, 2003, Thursday // 00:00 | Viewed: 404

American University in Bulgaria Launches MBA Program

American University in Bulgaria (AUBG) launches January 13th Executive MBA program, which was approved by the Board of Trustees at the beginning of October. The curriculum follows leading American and European MBA programs and is designed for high potenti

Business | January 2, 2003, Thursday // 00:00 | Viewed: 629

Top U.S. Ad Agency Ready to Work on Bulgaria's Image

Top U.S.

Business | January 2, 2003, Thursday // 00:00 | Viewed: 1307

Winter Brings More Russian Tourists to Bulgaria

The number of Russian tourists who visit Bulgarian winter resorts is growing, it transpired from an interview of the Bulgarian News Agency with the Minister Plenipotentiary Aleksander Itov, Head of the Consular Service with the Bulgarian Embassy in Moscow

Business | December 31, 2002, Tuesday // 00:00 | Viewed: 492

Bulgaria Welcomed New Year at 10:00 pm GMT

The New Year camee in Bulgaria at 10:00 pm GMT (London time). Bucharest, Athens, Ankara as well as Cairo in Egypt, Johannesburg in South Africa, Jerusalem in Israel, Helsinki in Finland) greeted January 1 in the same second.

Business | December 31, 2002, Tuesday // 00:00 | Viewed: 399

Upgrade of East Thermal Plant Unit Starts in 2003

The rehabilitation of Unit 3 at East thermal power plant in the Danube town of Russe will start at the beginning of next year. The company, to carry out the upgrade of the unit in eighteen months, will be selected by March.

Business | December 30, 2002, Monday // 00:00 | Viewed: 322

Unflagged Ship Held off Bulgaria's Coast

Border police detained a vessel without identification signs and a hoisted national flag on the night of December 29 to 30. The vessel was anchored without a permit in Bulgarian waters at about 10 miles to the east of Ahtopol.

Business | December 30, 2002, Monday // 00:00 | Viewed: 626

Bulgaria's Trade with France Totalled USD 823 M in 2002

Bulgaria's trade with France in 2002 was robust and amounted to USD 823 M, Bulgarian Ambassador to Paris Marin Raykov announced. In an interview for Deutsche Welle he commented bilateral relations between Bulgaria and France and projections for 2003.

Business | December 30, 2002, Monday // 00:00 | Viewed: 454

Cost of Bulgaria's Two Nuke Units Closure Set at BGN 29 M in 2003

Nearly BGN 29 M will be spent in 2003 on switching off and final decommissioning of two oldest 440 MW units at Kozloduy nuclear power station, 200 kilometres north of Sofia. The funding has been fixed on the basis of a technical project for decommissionin

Business | December 30, 2002, Monday // 00:00 | Viewed: 399

Russia Refuses Flights of Bulgaria's New Flag Carrier

Russia hasn't responded yet to a note asking the new flag carrier Balkan Air Tour to replace bankrupt Balkan Airlines as Bulgaria's carrier to Russia, the Bulgarian news agency announced. The Russian authorities explained the delay with the debts of Balka

Business | December 30, 2002, Monday // 00:00 | Viewed: 405

New Head of Bulgaria's Foreign Investment Agency Projects Good Results End-2003

" I believe that going forward the Foreign Investment Agency should function like a marketing department of a large corporation, which has a broad client base," Pavel Ezekiev, newly appointed head of the Foreign Investments Agency said in an exclusive int

Business | December 30, 2002, Monday // 00:00 | Viewed: 390

Bulgaria's N-plant Boasts Record Annual Production

Bulgaria's Nuclear Power Plant Kozloduy announced record high figures of electricity production since it has been started twenty-eight years ago. 20 billion kWh were released into Bulgaria's energy system by the six reactors of Kozloduy over 2002.

Business | December 29, 2002, Sunday // 00:00 | Viewed: 352

Bulgaria Answers to Russia's Property Claims

Bulgaria officially responded to the note submitted last week by Russia. Foreign Minister Passy said that no legal grounds exist for Russia to claim Bulgartabac's property.

Business | December 29, 2002, Sunday // 00:00 | Viewed: 1152

Cabinet Lends a Hand to Turkish Investor

The government will facilitate the preparations of Turkish company Sisecam that plans to inject USD 100 M in a glassware factory in the Danube city of Russe. A special interdepartmental group will provide institutional support to the investor.

Business | December 28, 2002, Saturday // 00:00 | Viewed: 383

S&P Upgraded Largest Bulgarian Bank's Rating

The rating agency Standard and Poor's upgraded the long-term counterparty credit rating on Bulbank to BB from BB-, the bank announced Saturday. The outlook was also upgraded to positive from stable.

Business | December 28, 2002, Saturday // 00:00 | Viewed: 448

Bulgaria's Business Confidence Index Drops in December

The composite business confidence index measured monthly on the basis of manufacturing, construction and retail sectors, has gone done by 2.6 points compared to November.

Business | December 28, 2002, Saturday // 00:00 | Viewed: 377

Long Delayed Highway Project Depends on Turkey's Nod

Bulgaria will seek to break free from a commitment that binds the construction of a highway track, part of the North-South Transeuropean Highway, to Turkish companies. The government will start talks to "update" an agreement from 1998 that constitutes the

Business | December 28, 2002, Saturday // 00:00 | Viewed: 397

Finance Ministry Covered All Municipalities 2002 Arrears

The Finance Ministry covered entirely the arrears of the municipalities for 2002, the ministry announced. The last part of the funding was transferred on December 27th.

Business | December 28, 2002, Saturday // 00:00 | Viewed: 362

Cabinet Appoints New Head of SMEs Agency

Iglika Stancheva, head of the Small and Medium Enterprises Agency, was dismissed at the proposal of Economy Minister Nikolay Vassilev. Anguel Despotov replaces Stancheva.

Business | December 28, 2002, Saturday // 00:00 | Viewed: 580

Analyst Pessimistic about Bulgaria's Investment Climate

A pessimistic forecast about Bulgaria's ability to attract foreign investment over the next year comes from the analyst of the Economist magazine Jonathan Levgart. In an interview for Free Europe radio, he said there were no market opportunities in Bulgar

Business | December 28, 2002, Saturday // 00:00 | Viewed: 1281
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