The financial state of individuals who made big purchases of real estate or vehicles in the past couple of years will be checked by tax authorities till June 2003. The check will seek to verify the origin of the funds for acquiring the assets and will inc
The European Bank for Reconstruction and Development is considering whether to buy a stake in Bulgaria's second GSM opertaor Globul. That is said in the bank's official web site.
The government allotted BGN 2000,000 to contract lobbyists and PR agencies that will rally support for Bulgaria's NATO bid, Dnevnik daily reported. Bulgaria's Foreign Ministry may retain the PR services of two U.
Bulgaria will stimulate market-orientated scientific research and technology projects providing USD 633 M of funding over the 2004-2013 period. The financing will be secured under a project of the Innovation Strategy drawn up by the Economy Ministry.
Bulgarian President Parvanov called on German businessmen in Berlin to opt for Bulgaria, thus investing their money in a safe place. The official meeting was held within Parvanov's four-day visit to Germany, which started on November 5.
Measures against high unemployment rates in Bulgaria and Romania will be mapped out and implemented in the two countries as of 2003, it transpired after the working meeting of the Bulgarian and Romanian labour authorities. In 2003, Bulgaria and Romania wi
Tessen von Heydebreck, member of Deutsche Bank Management Board, expressed the hope that the privatisation of Bulgaria's tobacco monopoly Bulgartabac will be completed shortly and in a positive way. He assured Deutsche Bank will maintain its interest in i
One of the most influential rating agencies Fitch has raised the long-term credit rating of United Bulgarian Bank from BB to B+. It confirmed the bank's short-term B rating, while its long-term outlook has improved from stable to positive.
EBRD extended to Raiffeisenbank-Bulgaria a EUR 10 M credit line with accompanying technical consulting by the European Commission. Raiffeisenbank and EBRD execs presented the terms under which local small and medium-sized companies can tap the credit line
The International Monetary Fund starts its second performance review under the SDR 240 million two-year standby agreement with Bulgaria on Wednesday. Draft budget 2003 and the tax amendments will be discussed during the visit of the IMF mission.
The consortium of Tobacco Capital Partners and Clar Inns has not taken a final decision on whether to appeal the decision of the Supreme Administrative Court of October 29. At the end of October the Supreme Administrative Court overruled the decision of t
The Privatization Agency plans to select investment intermediaries for flotation on the stock exchange of shares of eighty-seven Bulgarian companies by the end of the year. The agency will announce competitions for intermediaries in eight pools in the cou
The regional ministry will announce the procedure to select the Bulgarian participants in the Burgas-Alexandroupolis project will be known by the end of November. Hasan Hasan, acting regional development minister, announced that.
The Privatization Agency will announce its decision whether it will appeal or demand one-off improvement for Bulgartabac Holding on Friday. The government is categoric that it has to be proceeded as fast as possible with the privatization of Bulgartabac H
The Privatization Agency said it planned to announce the future shareholders in Viva Ventures Holding, the preferred buyer for the Bulgarian Telecommunications Company, this week. The Vienna holding is a wholly-owned unit by British-based equity house Adv
The Transport Ministry has informed the civil aviations of the countries where Balkan Airlines now conducts flights about the decision of the creditors of the company and the moves taken to create new flag carrier. A business plan of Balkan Air Tour has b
The prices of standards, sold by the Bulgarian Institute for Standardization and Metrology (BISM), will increase two to three-fold as of 2003. This was announced by BISM President Ivelin Bourov.
Bulgarian and the EU will mutually waive import duties on some fish products. Zero import duties will be introduced on EU-bound exports of live, fresh or frozen carp, fresh and frozen trout, herring, sardines, fish fillets, shrimp and mussels that come fr
The Privatisation Agency signed the contract for the sale of 90% of the capital of Incoms Telecom Holding, 40% of Incoms IRET AD, 29% of Incoms SET of Russe and 40% of Incoms Household Equipment to Austria's CSI Handels und Beteiligungs October 25. AS muc
Russe shipyard schedule for next year is complete, while the orders received for vessels construction will be executed during the first quarter of 2004, Wolf Dieter Grossmann, Executive Director of the Russe shipyard, said on the occasion of the professio
Finance Minister Milen Velchev left on a three-day visit to Brussels where he will participate in the informal meeting of the EU applicant's finance ministers and with the EU finance ministers (Ecofin). Bulgaria will be a formal host of the meeting of the
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