Business

LEVIEV TO INVEST $200 M IN MOBILTEL

The Israeli businessman Lev Leviev, owner of BG GSM operator MobilTel, plans to invest $200 M in the GSM operator in the next few years. The investment aims at developing the GSM network, raising the quality and reducing the prices of the services.

Business | March 21, 2001, Wednesday // 00:00 | Viewed: 1243

BAVARIA TO IMPROVE BG JUDICIAL SYSTEM

Bavaria will provide help to improve Bulgaria`s judicial system. In May Bavarian leading prosecution experts will arrive in Bulgaria to provide legal assistance on national and regional level.

Business | March 21, 2001, Wednesday // 00:00 | Viewed: 1061

ELECTRONIC SIGNATURE LAW APPROVED

The parliament approved on Thursday The e-Signature bill, which come into power 6 months after prublication in the State Gazette. E-signatures will not be valid if transactions require qualified written form or if the act of holding of a document or a cop

Business | March 21, 2001, Wednesday // 00:00 | Viewed: 1114

$ 6 M TO INVEST SPANISH ROCA IN BG

The Spanish corporation Roca will invest near USD 6 M during the coming one year for production of bathroom equipments in a plant nearby Shoumen, NorthEast Bulgaria. Roca is already the official supplier of the the newly built Hilton in Sofia.

Business | March 20, 2001, Tuesday // 00:00 | Viewed: 1369

APRIL 19 BG PARLIAMENT WILL BE DESOLVLED

April 19 will be the last working day of the Bulgarian parliamanet, the Constitutional court decided on Thursday. This pariament is the first one since 10 years to serve full 4years term.

Business | March 20, 2001, Tuesday // 00:00 | Viewed: 1300

THREE BG DIPLOMATS OUSTED FROM MOSCOW

Three Bulgarian diplomats left Moscow already, ousted from Russian authorities as a response to the BG decision to ask three Russian diplomats to leave Sofia. Two of them left Moscow by car to Ukraina, the third left on a plane.

Business | March 20, 2001, Tuesday // 00:00 | Viewed: 1116

NATO TROOPS TO CROSS BG FOR 5 YEARS

BG Government approved agreement with NATO allowing troops and equipment across Bulgaria. The agreement was signed in Brussels in March and now is pending for Parliament approval also.

Business | March 20, 2001, Tuesday // 00:00 | Viewed: 1129

INTERNET PROVIDER PROLINK ON SALE

One of the largest local Internet providers ProLink is on sale, the owners announced. The investors might be telecommunications or financial companies interested to have sagnificant share on Bulgarian Internet market.

Business | March 19, 2001, Monday // 00:00 | Viewed: 1092

BALKAN TO RESUME DOMESTIC FLIGHTS

Balkan Airlines might get back partly its licence and resume the domestic flights to Varna and Burgas, at the sea shore. Balkan was announced insolvent, but there is still a small chance to implement recovery program.

Business | March 19, 2001, Monday // 00:00 | Viewed: 1125

FRENCH EMBASSY IN SOFIA TO BE SUED

Pension security fund Rodina will sue the French Embassy in Sofia, Executive director D. Vuchev said.

Business | March 19, 2001, Monday // 00:00 | Viewed: 1672

FROM 10 APRIL NO VISAS TO EU

No visas will required for Bulgfarian citizens traveling to the EU countries, dated April 10. Some of them although may impose limits of the days to stay, others, like Germany, requiring 50 DEM per day to be shown, can put financial requirements.

Business | March 19, 2001, Monday // 00:00 | Viewed: 1229

CEREAN CONFERENCE IN OCTOBER

Seventh Central European Real Estate Association (CEREAN) conference will take place in Sofia, October 18-20, 2001, Valeri Leviev, its president announced. More than 250 participants from all over the world are xpecting to come, the first ever Real estate

Business | March 19, 2001, Monday // 00:00 | Viewed: 1232

OTE WILL BID FOR BULGARIAN TELECOM

The Greek OTE will bid for Bulgarian Telecom as soon as the tender will be announced, George Skarpelis, OTE Executive VP said. OTE is building the second GSM network in BG now and was unsucessful bidder together with Dutch KPN for the BG Telecom an year a

Business | March 18, 2001, Sunday // 00:00 | Viewed: 1254

ASTRA ZENECA INTENDS TO PACK IN BG

The pharmaceutical corporation Astra Zeneca is going to invest in a packaging line in Bulgaria. Some of the already existing factoires might be used for the purpose, Astra Zeneca BG office said.

Business | March 18, 2001, Sunday // 00:00 | Viewed: 1241

GSM LICENCE TO BE GIVEN TO BTC

Third GSM licence in Bulgaria will be given to the local state-owned Telecommunications Company BTC, sources said. Possibly it will increase the price of the old fashioned analog company, which privatization deal failed last year.

Business | March 18, 2001, Sunday // 00:00 | Viewed: 1144

DRESDNER BANK READY TO PULL OUT BULGARIA

The German Dresdner Bank will not remain in Bulgaria after splitting procedure with the French BNP, Werben Fick, deputy director of BG branch said. A couple of months ago Dresdner bank sold its share of the joint bank to BNP and now The French own 80% of

Business | March 18, 2001, Sunday // 00:00 | Viewed: 1329

82% OF ALL INDUSTRY IN BG IS PRIVATE

82% of Bulgarian industry is already private, N. Nikolov, MP said.

Business | March 18, 2001, Sunday // 00:00 | Viewed: 1138

MARCONI CONTRACT RENEGOTIATED

The Bulgarian army contract with Marconi Mobile S.p.

Business | March 18, 2001, Sunday // 00:00 | Viewed: 1207

METRO REMOVES SHOPPING LIMITS

Metro Bulgaria announce it removes the limits for a minimmuim amount of one-time shopping of 50 DEM. The german company owns the largest hypermarket network in Bulgaria - 6 shops with more than 10 000 customers daily.

Business | March 18, 2001, Sunday // 00:00 | Viewed: 1238

$5 M INVESTED IN BG NUCLEAR PLANT

$5 M will be invested in safety maintenance of 1 & 2 power units of the Kozlodoui nuclear power plant on the Danube. The two reactors will be decommissioned by 2003.

Business | March 17, 2001, Saturday // 00:00 | Viewed: 1158

TWO FIRED FROM GERMAN EMBASSY

Two Bulgarian employees were fired from German Embassy in Sofia, Knut Abraham, embassy spokesman said. Both were released for `bribe allegations` and used to be responsible for the entry lines which often are long couple of tens of meters.

Business | March 17, 2001, Saturday // 00:00 | Viewed: 1210
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