Business

Majority to Move Privatization Law Amendments

The majority will urgently propose amendments to the privatisation and post-privatization law related to the privatisation of Bulgartabac Holding and the Bulgarian Telecommunications Company. By the end of the week, the amendments have to be adopted by Pa

Business | December 10, 2002, Tuesday // 00:00 | Viewed: 427

Deputy PM: Privatization Agency Can't Be Closed

"The Privatization Agency cannot be closed," Deputy Prime Minister and Economy Minister Nikolay Vassilev said asked to comment the statement of the ruling party MP Koshlukov that it was necessary to analyze the efficiency of the agency considering the del

Business | December 10, 2002, Tuesday // 00:00 | Viewed: 436

New Jersey's Commerce Secretary Seeks Trade Opportunities in Sofia

William D. Watley, the State of New Jersey's Secretary of Commerce, will seek to establish bilateral trade opportunities during his visit in Sofia, starting December 11.

Business | December 10, 2002, Tuesday // 00:00 | Viewed: 466

Investors Project Varna Shipyard as Scrap Center for Vessels

German Vessel Shipping and Dutch Amstel Phil hammered out a project for leasing the Varna Shipyard as a scrap center of sea vessels. They say the availability of cheap labour force and skilled professionals as well as good location makes the shipyard an i

Business | December 10, 2002, Tuesday // 00:00 | Viewed: 546

Bulgaria's Negotiations with IMF Continue Mid-December

The mission of IMF, led by Jerald Schiff and the experts from the Finance Ministry will proceed with the negotiations on the fiscal policy of the government on December 16. The mission will stay in Bulgaria till December 20.

Business | December 10, 2002, Tuesday // 00:00 | Viewed: 392

Privatization of Bulgaria's Last State Bank Kicks off

The Bulgarian Bank Consolidation Company opened the privatisation procedure of DSK bank with an invitation to potential investors. The buyer has to acquire minimum eighty percent stake in the bank.

Business | December 10, 2002, Tuesday // 00:00 | Viewed: 359

Viva Ventures See Legal Discrepancy in Prosecution Decision

The lawyers of Viva Ventures think that there is a discrepancy between the decision of the Supreme Cassation Prosecutor's Office for suspension of the telecom deal with the privatization and post-privatization law. That was announced by the telecom prefer

Business | December 9, 2002, Monday // 00:00 | Viewed: 376

Deutsche Bank: Bulgaria's 2003 Standard Nears EU First Wave Countries

Next year Bulgaria's living standard will come close to that of the European Union first wave countries, Deutsche Bank assessments on economic convergence of EU candidate countries against EU members, show. That was announced by Cabinet spokesman Dimitur

Business | December 9, 2002, Monday // 00:00 | Viewed: 500

Tightened Control Catapulted Bulgaria's Forestry Revenues

Bulgaria witnesses a boom in forestry revenues after Agriculture and Interior Ministries joined forces to tighten control in woods. The revenue forecast for 2002 goes as far as BGN 90 to 95 M while last year the Agriculture Ministry netted bare BGN 64 M f

Business | December 9, 2002, Monday // 00:00 | Viewed: 440

Telekom Austria Eyes Bulgaria's MobilTel Equity

The Austrian businessman Josef Taus who took over the management of MobilTel in January might sell the mobile operator to Telekom Austria. That was announced by Radio Deutsche Welle, quoting the Austrian magazine Format.

Business | December 9, 2002, Monday // 00:00 | Viewed: 354

Deputy PM Projects 5% Growth, over USD 1 B Investments in Bulgaria Next Year

Deputy Prime Minister and Economy Minister Nikolay Vassilev projected economic growth of five percent as well as over USD 1 B foreign investments in 2003 in an exclusive interview for novinite.com.

Business | December 9, 2002, Monday // 00:00 | Viewed: 325

Viva Ventures Complies with Decision on Bulgaria's Telco Deal

Viva Ventures Holding GmbH, that was selected preferred buyer for a 65 % stake in Bulgaria's landline monopoly Bulgarian Telecommunications Company (BTC), will comply with the decision of the Supreme Cassation Prosecutor's Office for suspending BTC privat

Business | December 9, 2002, Monday // 00:00 | Viewed: 326

All Staff of Balkan Air Tour Appointed in Days

All the personnel of the recently established flag carrier Balkan Air Tour will be appointed till the end of the week, Lyubka Manova, Balkan Air Tour Executive Director told the Bulgarian National Radio. The staff will consist almost 100% of experts who w

Business | December 9, 2002, Monday // 00:00 | Viewed: 482

Icy Roads Claim the Lives of Four Bulgarians

Two people were killed in a heavy bus crash on the road from the town of Stara Zagora to Burgas on the Black Sea cost December 8. The slippery road covered with ice caused the crash as the bus bumped into a car near the village of Dulboki and toppled over

Business | December 9, 2002, Monday // 00:00 | Viewed: 364

Explanation Demanded over Wiretap Scandal

The Former Deputy Chairman of rightist Union of Democratic Forces sent an open letter to Interior Minister Anton Stankov, the Supreme Judicial Council and Prime Minister Saxe-Coburg alleging that Chief Prosecutor Nikola Filchev and his aides participate i

Business | December 8, 2002, Sunday // 00:00 | Viewed: 498

Land Settlements Arranged in Bulgaria

Some 280,000 decares of state-owned lands and 130,000 decares of municipal lands across the country have been marked to be given to landless Bulgarians. Following the big interest in the regions of Silistra and Pleven additional lands have been granted by

Business | December 8, 2002, Sunday // 00:00 | Viewed: 361

Arguments Against Bulgaria's Telco Deal "Political"

The signal of right-wing United Democratic Forces is political, Privatization Agency chief Apostol Apostolov said two days after Supreme Cassation Prosecutor's office ruled BTC privatisation procedure to be halted for a preliminary check of the signal, fi

Business | December 8, 2002, Sunday // 00:00 | Viewed: 431

Suspension of Bulgaria's Telco Deal "Damaging"

The halting of privatisation procedure for Bulgaria's landline monopoly Bulgarian Telecommunications Company (BTC) is damaging both to the company and to investors, Transport Minister Petrov said for local Darik Radio. The comment came a day after the Sup

Business | December 8, 2002, Sunday // 00:00 | Viewed: 308

Hopes Pinned on Bulgaria's Carrier Good Management

Poor management and lack of transparency in the privatization procedure led to the liquidation of Balkan Airlines, Transport Minister Petrov said. In his opinion professional management and transparent privatization will secure good prospects for Bulgaria

Business | December 7, 2002, Saturday // 00:00 | Viewed: 347

Italy's Beretta Eyes Investments in Bulgaria

Representatives of Italian company Beretta, which manufactures and markets a complete line of firearms and firearms accessories worldwide, will come to Bulgaria in January 2003 to consider opportunities for investments, Deputy Economy Minister Keremedchie

Business | December 7, 2002, Saturday // 00:00 | Viewed: 687

Family Income Taxation Mulled in Bulgaria

The Finance Ministry considers the introduction of family income taxation as of 2003, Deputy Finance Minister Gati al-Jebouri told local Darik Radio. He projected that the VAT registration floor will be set at BGN 25, 000 as of 2004.

Business | December 7, 2002, Saturday // 00:00 | Viewed: 349
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