Business

BECHTEL TO BID FOR ENERGY PROJECT IN BG

Oxford Consortium is going to bid for Gorna Arda energy project, the most important for BG, was announced today. US Bechtel signed an agreement as a general contractor, ABSA bank is a shareholder and will provide funds for the project also, Israeli, Turki

Business | April 1, 2001, Sunday // 00:00 | Viewed: 847

800 M FOR FIRST GROUP BANK IN BULGARIA

The National Bank is changing the rules for grouping the banks. According to the new rules a bank will need to have a balance figure of over BGN 800 M, 500 M previously to be considered as a bank in first group.

Business | April 1, 2001, Sunday // 00:00 | Viewed: 890

BG OPENS 3 NEW EU CHAPTERS

Bulgaria opened three new chapters at the regular round of accession negotiations with the EU: fishery, free offering of services and competition. So far 14 chapters have been opened, which is nearly 50% of all.

Business | March 31, 2001, Saturday // 00:00 | Viewed: 835

BG ECONOMICALLY STABLE

BG is economiccally stable and should use the EU financial instruments, such as the ISPA Program, with maximum efficiency, Michel Barnier, EU Regional Policy Commissioner, announced. Barnier, who is on official visit to BG, addressed a seminar on regional

Business | March 31, 2001, Saturday // 00:00 | Viewed: 1082

ABNA TO DISCUSS SITUATION ON BALKANS

In a resolution the members of the Association of Balkan News Agencies confirmed their commitment to the principles of freedom, respect for human rights and solving any kind of conflicts through peaceful means. The heads of the 9 news agencies (NA) in ABN

Business | March 31, 2001, Saturday // 00:00 | Viewed: 967

KINETIC IS FIRST LUXURY SPORTS CLUB

Kinetic sports club was opened in Sofia with a high level party tonight. Many ministers, businessmen, editors came to the Kempinski Hotel building, where the club is located.

Business | March 31, 2001, Saturday // 00:00 | Viewed: 932

1000 IT BULGARIANS WORK IN GERMANY

1000 Bulgarian IT professionals work in Germany with so called green cards, was announced today. BG IT specialist are famous with their developers abilities in many countries.

Business | March 31, 2001, Saturday // 00:00 | Viewed: 791

PM TO ADDRESS KEY INVESTORS IN BULGARIA

Prime minister Ivan Kostov will meet soon key international investors in Bulgaria and is going to address them on the crisis in Macedonia. Kostov will assure them that there is no dnger to any exisiting or potential investor concerning the crisis.

Business | March 31, 2001, Saturday // 00:00 | Viewed: 858

FIRST BG TRANSIT TRADE ZONE

The first in BG transit trade zone will be built in the city of Varna, situated at the Black Sea seaside. The zone will be set up as a joint-stock company.

Business | March 30, 2001, Friday // 00:00 | Viewed: 927

EBRD WITH 2 PROJECTS FOR BG

The Board of the EU Bank for Investments and Development approved two more investment projects for stock acquisition in Eurobank and for a loan extended to Balkanpharma. EBRD plans to acquire 22.

Business | March 30, 2001, Friday // 00:00 | Viewed: 832

US CORP SUSPECTED FOR ILLEGAL SOFTWARE

An US company was suspected on Firday in Sofia for illegal software ussage, Business Software Alliance local office said. The police made an official check in the office of the design and architecture BJY company, owned by the US citizeb Greg V.

Business | March 30, 2001, Friday // 00:00 | Viewed: 937

RUSSSIANS WITH NO VISAS UNTIL OCTOBER

Russian citizens can enter Bulgaria with no visa regime until October 1, 2001, BG government decided. It is an atempt to save the already signed tourists contracts, as the government decided previously to impose visas for Russians due to the EU decision t

Business | March 30, 2001, Friday // 00:00 | Viewed: 812

GENERAL ELECTIONS TO BE HELD JUNE 17

The general election in Bulgaria will take place June 17, 2001, President P. Stoyanov stated on Thursday.

Business | March 30, 2001, Friday // 00:00 | Viewed: 1023

EUR 5.4 M FOR SOCIAL PROJECTS

Funds amounting to EUR 5,4 M have been provided for the fulfillment of two social projects in Northwestern Bulgaria. EUR 4 M of the total amount will be invested in the development of the labor market and in the education field on behalf of the Social Min

Business | March 29, 2001, Thursday // 00:00 | Viewed: 840

DEM 10 M FOR MARKET PLACES

The german crediting institution Creditanschtalt fur Wiederaufbau will invest DEM 10 M in the building of market places for producers of fruits and vegetables in the city of Pleven.

Business | March 29, 2001, Thursday // 00:00 | Viewed: 912

RWE REMBRAUND TO INVEST DEM 1 B

By the end of April a Bulgarian-German joint venture will be established to operate Maritsa-East mines. German RWE Rembraund is ready to invest DEM 250 in Maritsa-East mines to rehabilitate the equipment.

Business | March 29, 2001, Thursday // 00:00 | Viewed: 981

GREECE TO GRANT EUR 54.3 M

In April the Greek Parliament will vote for a non-resource loan of EUR 54,3 M to Bulgaria. The funds will be used for the implementation of the recovery plan for the Balkans and in particular for the fulfillment of projects for development of the infrastr

Business | March 29, 2001, Thursday // 00:00 | Viewed: 1024

BG AND GREECE WITH JOINT PROJECTS

Bulgarian-Greek investment forum was held in Plovdiv resulting in the cooperation of the Chamber of Commerce and Industry of Seres, Greece and the Plovdiv Chamber in implementing joint projects under the EU INTERREG 3 program. The preliminary agreed proje

Business | March 28, 2001, Wednesday // 00:00 | Viewed: 969

HILTON OPENED IN SOFIA

Five stars Hilton Hotel in Sofia made a soft opening for journalists. Hilton, which is located nearby the National palace of Culture, is ready for its official opening.

Business | March 28, 2001, Wednesday // 00:00 | Viewed: 1064

$1 B LOSSES FROM BLACK SEA POLLUTION

Losses from pollution of the Black Sea amount to $1 B. Losses from fishery industry amount to $240 M and the lost revenue from the tourist sector amount to $400 M.

Business | March 28, 2001, Wednesday // 00:00 | Viewed: 1007

FISON TO INVEST $10 M IN VARNA SHIPYARD

Swedish Fison Invest AB is ready to invest $10 M in Varna shipyard in the case that it can buy the whole works. The company intends to make long-term investments in the shipyard and to build two cruise ships with capacity of 850 to 1250 passengers.

Business | March 27, 2001, Tuesday // 00:00 | Viewed: 1184
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria