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Fate of Balkan Airlines Decided Today

The general meeting of the creditors of indebted Balkan Airlines will take place today. It will be decided whether the carrier would be liquidated.

Business | October 29, 2002, Tuesday // 00:00 | Viewed: 359

UNDP Backs Bulgarian Companies in Creating Jobs

Some ninety companies obtained BGN 1.5 M of loans over the past two years under the JOBS program, a project run jointly by the Social Ministry and the United Nations Development Program (UNDP).

Business | October 29, 2002, Tuesday // 00:00 | Viewed: 366

Japan Credit Rating Agency May Up Again Bulgaria's Rating

Japan Credit Rating Agency may again up Bulgaria's credit rating. That emerged during the four-day visit of Deputy Prime Minister and Economy Minister Nikolay Vassilev in Japan that started Monday.

Business | October 28, 2002, Monday // 00:00 | Viewed: 491

Sofia-Johannesburg Flights Resume End-November

The direct passenger and cargo flights Sofia - Johannesburg will be restored starting from November 30 by a South African carrier. The news was announced by the charge d'affaires of South Africa in Sofia.

Business | October 28, 2002, Monday // 00:00 | Viewed: 807

TUI Moves to Boost Bulgarian Destination

Bulgaria is generally considered safe destination and at least 20 percent leap in holidaymakers' figures is forecasted for next season. These estimates come from one of Germany's biggest tour operators TUI.

Business | October 28, 2002, Monday // 00:00 | Viewed: 384

Bulgaria's Biggest Steel Maker Scourged for Pollution

If steel maker Kremikovtzi does not keep its promises on environment protection, it might be closed down. The warning comes from Environment Minister Dolores Arsenova.

Business | October 28, 2002, Monday // 00:00 | Viewed: 425

Over Sixty Companies Eye Bulgaria's Power Utilities

Over sixty companies have shown interest in the privatisation of Bulgaria's electricity distribution utilities after signing a contract with consultant BNP Paribas-led consortium in September. This was announced by Deputy Energy Minister Ilko Yotsov.

Business | October 28, 2002, Monday // 00:00 | Viewed: 416

Flag Carrier Employees Protest against Liquidation

Employees of Balkan Airlines protested Monday against the liquidation of the flag carrier. The protestors insist the general meeting of the Balkan Airlines creditors to be postponed.

Business | October 28, 2002, Monday // 00:00 | Viewed: 324

Encouragement Bank to Finance Small Companies with New Credit Line

State-owned Encouragement Bank will receive a 10-year EUR 15 M credit line from the Council of Europe Development Bank. The credit will be utilized to finance investment projects drafted by small companies.

Business | October 28, 2002, Monday // 00:00 | Viewed: 389

Boost in Business Contacts with Japan Sought

Bulgaria's Deputy Prime Minister Nikolay Vassilev leaves today on a four-day visit to Japan. He will be accompanied by a business delegation, including representatives of fourteen Bulgarian companies.

Business | October 28, 2002, Monday // 00:00 | Viewed: 334

Bucharest, Sofia Give Energy Cooperation Boost

Bulgaria and Romania will sign a bilateral agreement for cooperation in energy and a Protocol for cooperation between the two countries' armed forces, during a one-day official visit of Prime Minister Adrian Nastase to Sofia October 29. The Romanian prime

Business | October 27, 2002, Sunday // 00:00 | Viewed: 373

Euroregion Establishment Agreed with Bulgaria

An agreement on the Euroregion's establishment was signed in Skopje Saturday by the mayors of Sofia Stefan Sofiyanski, of Skopje Risto Penov and of Nis Goran Ciric. The signing of the agreement is a result of two-year preparations of the establishment of

Business | October 27, 2002, Sunday // 00:00 | Viewed: 580

Privatization Body Hopes for Better BTC Price

"We will do our best to negotiate a better price for the Bulgarian Telecommunications Company," Apostol Apostolov, head of the Privatization Agency said. He also said that the Bulgarian privatization body will negotiate for less cuts of employees in the c

Business | October 26, 2002, Saturday // 00:00 | Viewed: 342

ITU Funds Public Key Infrastructure in Bulgaria

The International Telecommunications Union granted EUR 30,000 for building of a pilot project of Public Key Infrastructure in Bulgaria. The decision for financing the project has been taken on the basis of an analysis of Bulgaria's e-readiness.

Business | October 25, 2002, Friday // 00:00 | Viewed: 434

Transport Minister Hopes for Better Telco Parameters

"I am not satisfied with the parameters of the Bulgarian Telecommunications Company deal," Transport Minister Plamen Petrov said. He added that options were being considered to improve the parameters.

Business | October 25, 2002, Friday // 00:00 | Viewed: 346

Over Two Million Bulgarians Travelled Abroad 9-mo

Bulgarians have made 2,409,756 trips abroad for the first nine months of 2002. The data of the National Statistic Institute (NSI) shows that business matters have urged Bulgarians to pack their bags more often than the wish for site-seeing and relaxation.

Business | October 25, 2002, Friday // 00:00 | Viewed: 478

Leftist Opposition Wants Bulgaria's Telco Deal Suspended

The deal for the privatization of Bulgaria's landline monopoly Bulgarian Telecommunications Company BTC is scandalous and unprofitable to Bulgaria, a declaration of the leftist opposition "Coalition for Bulgaria" reads. The declaration, read by Socialist

Business | October 25, 2002, Friday // 00:00 | Viewed: 372

Carlsberg Paid BGN 18 M for Bulgarian Pirinsko Pivo

Danish Carlsberg will become officially majority shareholder in local brewery Pirinsko Pivo October 29, after the technical purchase of a 67% stake in Pirinsko Pivo was effected on the Bulgarian Stock Exchange. Carlsberg paid more than BGN 18 M or BN 26 p

Business | October 25, 2002, Friday // 00:00 | Viewed: 830