Business

HIDROPOL INVESTS IN BG WPE STATION

The Check company Hidripol will invest DEM 12 M in building of 4 MW water power-electric station (WPE) at Iskar river, near Roman town. The power station will be ready by the end of 2002 and will produce about 25 million KW/h electricity a year.

Business | July 9, 2001, Monday // 00:00 | Viewed: 697

BG CUSTOMS OFFICERS SEIZED 2.03 KG OF COCAINE

2.03 kg of cocaine has been seized in a joint operation conducted by customs officers of the Drug Control Sector of the Sofia Airport Customs and of the National Service for Organized

Business | July 9, 2001, Monday // 00:00 | Viewed: 769

ARAB COMPANY TO BUILD FIVE STAR HOTEL IN SMOLYAN

The Arab company Najar 2000 is to build a five-start hotel in the Rhodope town of Smolyan, Southern Bulgaria. The company, which is a Jordan-Syrian JV, bought the incomplete part of the Evridika trade centre for BGN 220,000.

Business | July 9, 2001, Monday // 00:00 | Viewed: 669

GERMAN COMPANY TO INVEST IN BG FACTORIES

A framework agreement on the construction of two factories for separation of waste and production of waste-based biological fertilizers was signed by Rousse Mayor Dimiter Kalchev and Gerhard Schehle, who owns REB-Schehle of Germany. The project will absor

Business | July 9, 2001, Monday // 00:00 | Viewed: 641

INVESTORS FROM JAPAN INTERESTED IN BALKAN

A group of Japanese companies, including Tokuda, is interested in buying the air carrier Balkan. The announcement was made by the financier Stoyan Alexandrov, managing Tokuda Credit Express bank and consulting the corporation in Bulgaria.

Business | July 9, 2001, Monday // 00:00 | Viewed: 624

DZI TO OFFER INSURANCE FOR FOREIGNERS

The State Insurance Institute (DZI) is to offer tourist insurance for foreigners, officials announced. The service provides insurances for foreign citizen in case of 6-month sojourn, as well as transit passing.

Business | July 8, 2001, Sunday // 00:00 | Viewed: 524

ECONOMY REPORTS GRADUAL IMPROVEMENT

The monthly survey of the economic situation conducted by the National Statistics Institute /NSI/ in the first two weeks of June show that the tendency for gradual improvement, observed in the past few months, is preserved though there is no considerable

Business | July 8, 2001, Sunday // 00:00 | Viewed: 545

FERRON LOST THE CASE ON DANIELI EQUIPMENT

The arbitration court at the Bulgarian Chamber of Commerce and Industry rejected as void the claim of Ferron Investment Ltd. against Kamet.

Business | July 8, 2001, Sunday // 00:00 | Viewed: 690

CABLE & WIRELESS TO EXTEND GBP 15 000

The British Cable & Wireless /C&W/ will extend GBP 15 000 for the archaeological excavations near Veliko Tarnovo, conducted by English archaeologists, under its Public Investments program.

Business | July 8, 2001, Sunday // 00:00 | Viewed: 553

PA PUTS OFF DEALS TO THE NEW GOVERNMENT

Most of the deals and the opened privatisation procedures will be left to the next government because the present team of the Privatisation Agency /PA/ is unable to materialise them, officials from the PA announced. This decision was made because of the d

Business | July 8, 2001, Sunday // 00:00 | Viewed: 629

BIOCHIM READY TO SWITCH INTO EUR

Starting Monday Biochim`s clients will be able to transform, at their initiative, all their accounts in the 12 currencies of the countries in the Euro-zone into EUR, only by submitting an application to the branch of the bank where they hold an account. A

Business | July 8, 2001, Sunday // 00:00 | Viewed: 489

BUSINESS IN BRIEF

BULGARIA will provide 100 cargo carriages worth DEM 1.7 M for the needs of Macedonia`s railways.

Business | July 8, 2001, Sunday // 00:00 | Viewed: 715

BALKAN RESUMES FLIGHTS TO ATHENS

Balkan Airlines resumes its flights along the regional lines. The Sofia-Athens destination is to be resumed as of July 15 and Sofia-Istanbul-as of July 20.

Business | July 7, 2001, Saturday // 00:00 | Viewed: 579

CASES OF `MAD COW` AMONG HUMANS IN BG DENIED

`We are suffering moral damages, three of our patients wanted to be discharged after the information appeared that a patient with `mad cow` disease is hospitalised in our clinic`, Prof. Stefka Yancheva, director of the 1st Neurological Clinic `St.

Business | July 7, 2001, Saturday // 00:00 | Viewed: 1604

TWO WB PROJECTS TO SUPPORT AGRICULTURE

Two projects in support of Bulgaria`s agricultural development were signed by Finance Minister M. Radev and Andrew Vorkink, country director for Bulgaria at the World Bank (WB): the Cadastre and Land Registration project /EUR 33.

Business | July 7, 2001, Saturday // 00:00 | Viewed: 799

NHIF`S INCOMES FIVE TIMES HIGHER THAN EXPENDITURES

The National Health Insurance Fund /NHIF/ reported Incomes for year 2000 amounting to BGN 549.195.

Business | July 7, 2001, Saturday // 00:00 | Viewed: 527

ELECTRICITY TO RISE BY 20% NEXT YEAR

The price of the electric power will rise by 10% to 20% in 2002, experts from the State Energy Agency (DAEER) announced. The rise is inevitable for new power capacities are put to operation, producing more expensive electricity.

Business | July 6, 2001, Friday // 00:00 | Viewed: 493

TURKEY MAY STOP BUYING ELECTRICITY FROM BULGARIA

Turkey may stop buying electricity from the beginning of 2003, because the contracts on power export have been repeatedly violated. This is an unofficial warning sent by Turkish power-supply company.

Business | July 6, 2001, Friday // 00:00 | Viewed: 476

IFC STILL HESITATES FOR THE SHIPYARD

We will work with the selected best candidate for the Varna Shipyard only after we get acquainted with the business plan, said a representative of the International Financial Corporation while commenting the possible participation in the purchase of the s

Business | July 6, 2001, Friday // 00:00 | Viewed: 556

BUSINESS IN BRIEF

THE SOFIA region will contribute and overall of BGN 952 million from personal income tax to the republican budget, based on the tax returns submitted so fat, the regional tax office announced. ****

Business | July 6, 2001, Friday // 00:00 | Viewed: 576

VEGETABLE WHOLESALE PRICES 20% UP

Tthe wholesale vegetable prices have gone 20% up for a year`s time, due to unfavourable weather conditions in spring and the rise in the electricity and fuel tariffs, said Alexander Iotsov, director of the Bulgarplod-Slatina wholesale market in Sofia. Th

Business | July 6, 2001, Friday // 00:00 | Viewed: 597
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