Business

$100 M SKI CENTER PROJECT DELAYED

`An improved environmental impact assessment on the Sutka project is to be submitted to the Ministry of Environment ??? ?????? in September`, the company`s manager Kostadin Mugev announced after a general shareholders meeting. The project concerns buildin

Business | August 6, 2001, Monday // 00:00 | Viewed: 537

MILES: GOVERNMENT SHOWS SIGNS TO IMPROVE BUSINESS

US ambassador to Bulgaria Richard Miles met businessmen and farmers from the Zavet municipality, a region with ethnically mixed population. He talked with participants in a Peace Corps project for

Business | August 6, 2001, Monday // 00:00 | Viewed: 408

KOREANS INTEND TO INVEST IN BULGARIAN IT BUSINESS

12 CEOs of Korean small and medium-sized enterprises fluent in the IT sector arrived on a five-day visit to Bulgaria to study the opportunities for trade and development of joint projects with Bulgarian partners. The delegation will visit Sofia, Veliko Ta

Business | August 6, 2001, Monday // 00:00 | Viewed: 548

BUSINESS IN BRIEF

The European Union has allowed the import of live sheep, goats and cattle from Bulgaria, except for animals from the regions of Yambol, Haskovo, Kardzhali and Burgas, which are close to the border with Greece and Turkey, the ministry of agriculture said.

Business | August 6, 2001, Monday // 00:00 | Viewed: 586

INTERNAL DEBT DOWN BY 3 PER CENT IN A WEEK

Internal debt to the commercial banks fell by 3.03% in the week to July 20 to a total of BGN 4.

Business | August 6, 2001, Monday // 00:00 | Viewed: 488

TRADE WITH COMPENSATORY NOTES TO BE LIMITED

A single register of compensatory notes and vouchers is planned to be set up with the Central Depository. The new government needs it in order to settle the problem with these instruments by collecting information about the amount and owners of compensato

Business | August 5, 2001, Sunday // 00:00 | Viewed: 583

ELECTRICITY EXPORTS TO YUGOSLAVIA TO BE RESUMED

Bulgaria may step up its electricity exports to neighbouring countries to 6 billion kW/h this year, said the CEO of the National Electric Company Danail Tafrov for Reuters. Last year Bulgaria

Business | August 5, 2001, Sunday // 00:00 | Viewed: 474

HEMUS AIR SOLD TO PIRIN TOURIST SURPRISINGLY

Bulgarian Privatization Agency decided to sign a contract for the sale of 51 per cent of the Hemus Air assets to Sofia based Pirin Tourist. The decision was made late on Thursday night, after the Agency Supervisory Board revised its decision of July 20, 2

Business | August 4, 2001, Saturday // 00:00 | Viewed: 679

NEW BOARD OF DSK BANK TO BE ELECTED

`The shareholders in DSK-the State Savings Fund bank, will vote for a new Supervisory Board at an extraordinary general meeting on September 19`, Finance Minister Milen Velchev announced, adding that the change is pressing. The shift is targeted at the su

Business | August 4, 2001, Saturday // 00:00 | Viewed: 1608

FOREIGN DIRECT INVESTMENTS IN BULGARIA DOWN

The amount of foreign direct investment in Bulgaria for the first five months of the year was lower compared to the year-ago period, preliminary central bank data showed. Between January and May foreign direct investment amounted to USD 226.

Business | August 3, 2001, Friday // 00:00 | Viewed: 614

51% OF DSK BANK OFFERED TO STRATEGIC INVESTOR

We will try to complete the privatisation of DSK Bank by the end of 2002, minister of finance Milen Velchev said. At least 51% of the capital will be sold to a strategic investor.

Business | August 3, 2001, Friday // 00:00 | Viewed: 486

KEY SEA HOTEL OPENS SEASON WITH ISRAELIS

A total of 57 Israeli tourists arrived at Hotel International on Thursday through Balkantourist, which has a contract with the hotel`s owner for the next four years. Balkantourist`s partner in Israel is Aviations Links.

Business | August 3, 2001, Friday // 00:00 | Viewed: 432

BUSINESS IN BRIEF

TURKEY`S Demirbank, which was recently bought by Britain`s HSBC, announced it was selling six of its daughter structures abroad, including Demirbank of Bulgaria. THE DEBTS of economic agents to commercial banks fell BGN 143.

Business | August 3, 2001, Friday // 00:00 | Viewed: 953

MUNICIPALITIES FACE FINANCIAL PROBLEMS

`Municipalities` budgets are expected to face deficit amounting to BGN 300 million by the end of 2001`, Minister of Regional Development and Public Works Kostadin Paskalev said. The treasury is empty because the former government has irregularly extended

Business | August 2, 2001, Thursday // 00:00 | Viewed: 592

$1 BLN OF FOREIGN INVESTMENTS IN 2000

`Over $1 billion of foreign investments have been attracted to Bulgaria in 2000`, Plamen Kostov from the Foreign Investment Agency /FIA/ announced. Most of the investments in the past couple of years went to big cities: Sofia, Varna, Burgas and Plovdiv.

Business | August 1, 2001, Wednesday // 00:00 | Viewed: 521

BGN 3 M INVESTED IN ECO PROJECTS

The National Environmental Protection Fund will finance 11 projects in the Veliko Tarnovo region. A total of BGN 3 M has been invested in the projects in the first half of the year.

Business | August 1, 2001, Wednesday // 00:00 | Viewed: 422

BUSINESS IN BRIEF

77 PROJECTS have applied for financing under the steel and mining areas employment project of the PHARE programme in the West Rodopa region. The projects concern the towns of Madan, Rudozem, Zlatograd, Smolyan, Asenovgrad, Velingrad, Laki, etc.

Business | August 1, 2001, Wednesday // 00:00 | Viewed: 537

BULGARIAN TECHNOLOGIES ACQUIRES SOFIA CINEMA HALLS

Bulgarian Technologies is the buyer of the Sofia cinema halls brought together in the state-owned corporation Sofia Film. It will acquire 75% of the Sofia Film capital.

Business | August 1, 2001, Wednesday // 00:00 | Viewed: 562

GLOBUL TO LAUNCH SERVICES IN SEPTEMBER

The second GSM operator in Bulgaria,GloBul, will launch its clients` services in the first half of September. Till then the opertor will expand its network.

Business | July 31, 2001, Tuesday // 00:00 | Viewed: 472

FREE SOFTWARE FOR GPS AND DENTISTS FROM AREMISSOFT

AremisSoft provides to the Bulgarian GPs and dentists a free new module, designed to make easier the periodical delivering of data for the registered patients to the Regional Health Insurance Funds. The module is being distributed by the National Health I

Business | July 31, 2001, Tuesday // 00:00 | Viewed: 579

POLIMERI TO LAUNCH JOINT PRODUCTION WITH KRUPP UDE

` Polimeri will launch joint production with Germany`s Krupp Ude and will expand its facilities in a two-year period `, Dimitar Karaivanov, head of the Devnya-based company, announced. An agreement has been reached with the Dortmund-based company on the i

Business | July 30, 2001, Monday // 00:00 | Viewed: 697
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