Business

Bulgaria Marks Growth in Number of Foreign Tourists Jan-Sept

Bulgaria registered an increase in the number of the foreign tourists with 8,23 percent for the first eight months of the year and 11,4 percent rise in August year on year. That was announced on Friday by Deputy Economy Minister, responsible for tourism,

Business | September 27, 2002, Friday // 00:00 | Viewed: 450

Bulgaria Allots More Funds for Promotion Next Year

More funding for national promotion is planned in budget 2003. That was announced by Deputy Economy Minister, responsible for tourism Dimitur Hadzhinikolov during a meeting with President Parvanov.

Business | September 27, 2002, Friday // 00:00 | Viewed: 514

Investments in Bulgaria's Seaside Peaked Summer 02

Investments in the Black Sea area peaked this summer, Dimitur Dimitrov, chair of the Varna Tourism Chamber, said. He specified that many big-scale investment programs have been carried out in 2002.

Business | September 27, 2002, Friday // 00:00 | Viewed: 547

Customs Reliefs Hoped to Attract General Motors in Bulgaria

The absence of customs duties for industrial goods exports to the bulk of European countries may prove to be the main incentive for attracting foreign investors like General Motors. The opinion was expressed by Deputy Prime Minister and Economy Minister V

Business | September 27, 2002, Friday // 00:00 | Viewed: 568

Civil Liability Prices Go Up by 13%

Prices of civil liability insurance policies are to go up by average of 13 percent for the whole range of vehicles. The Finance Ministry already approved the new rate list of the Insurance Supervision Agency.

Business | September 27, 2002, Friday // 00:00 | Viewed: 335

Bulgaria's Foreign Debt Down by USD 243 M due to Brady Swap

Bulgaria reduced its foreign debt by USD 243 M as a result of the exchange of Bulgarian Brady bonds for US dollar-denominated eurobonds. The face value of the foreign debt is reduced by USD 107 M with a security of USD 135 M released under the second such

Business | September 27, 2002, Friday // 00:00 | Viewed: 483

Register of Foreigners to be Set up in Bulgaria

A register of foreigners, who reside in Bulgaria for a long period of time, is expected to be established. It will contain 23 types of personal data accessible only by a designated number of government agencies.

Business | September 27, 2002, Friday // 00:00 | Viewed: 416

Privatisation Body to Give Proofs on Bulgaria's Tobacco Monopoly

The Privatisation Agency received the ruling of the Supreme Administrative Court, which obliges the privatisation body to provide additional written evidence on Bulgartabac Holding privatisation. The ruling of the court comes in response to the complaints

Business | September 26, 2002, Thursday // 00:00 | Viewed: 507

IMF Projects 4-5 Percent Growth for Bulgaria 2002,2003

Macroeconomic developments in Bulgaria and Romania are largely on track, the last issue of the World Economic Outlook of the International Monetary Fund reads. With further support coming from the projected recovery in western Europe, Bulgaria and Romania

Business | September 26, 2002, Thursday // 00:00 | Viewed: 489

Business Climate Index in Bulgaria Bounces Back

The overall business climate index surged by 2,8% in September, the National Statistical Institute announced. Experts attribute the upward trend to the more favorable evaluation of managers with regard to the current business situation in the industrial a

Business | September 26, 2002, Thursday // 00:00 | Viewed: 500

ProCredit Bank Agreed Over EUR 5 M for Loans to Bulgarian SMEs

ProCredit Bank, whose operation focuses on crediting micro, small and medium business in Bulgaria, signed a loan agreement over EUR 5 M with Kreditanstalt fuer Wideraufbau (KfW) Wednesday. The loan is granted for on-lending to micro, small and medium size

Business | September 26, 2002, Thursday // 00:00 | Viewed: 680

New Nuke Units 3,4 Formula Included in EU Energy Chapter Stand

The formula proposed by the Bulgarian Cabinet for the closure of units 3 and 4 of the Kozloduy Nuclear Power Plant becomes part of the negotiations position of the country on the EU Energy chapter. That was announced by Euro-integration Minister Kuneva an

Business | September 26, 2002, Thursday // 00:00 | Viewed: 469

Social Aid Program Targets Jobless Bulgarians

Some 100,000 permanently unemployed Bulgarians will get a job as of January 1 next year. This is envisaged under the program for social assistance via employment that the Cabinet adopted September 26.

Business | September 26, 2002, Thursday // 00:00 | Viewed: 460

President Calls on Portuguese Businessmen to Invest in Bulgaria

President Parvanov called on the Portuguese businessmen that participate in a business forum in Sofia to invest in Bulgaria. He opened the forum together with Portuguese President Jorge Sampaio who pays a two-day official visit to Sofia.

Business | September 26, 2002, Thursday // 00:00 | Viewed: 410

New Procedure if Bulgaria's Tobacco Monopoly Deal Fails

A new procedure will be launched for Bulgartabac Holding in case the deal fails, Apostol Apostolov, head of the Privatization Agency (PA), said in an interview for local TV channel Nova Televisia. In his opinion the complaints filed by the three failed al

Business | September 26, 2002, Thursday // 00:00 | Viewed: 475

Bulgarian-Portuguese Business Forum Opens Today

Portuguese President Jorge Sampaio arrived late on Wednesday on a two-day state visit to Bulgaria. He is accompanied by a large delegation and First Lady Maria Jose Rita.

Business | September 26, 2002, Thursday // 00:00 | Viewed: 391

Bulgaria Set Minimum Bond Swap Prices

Bulgaria has set the minimum price for the securities included in its Brady bonds swap as follows: 91 percent of face value for Brady bonds, 89,125 percent of face value of IABs, 91,375 percent of face value for FLIRBs. In exchange of the new instrument,

Business | September 26, 2002, Thursday // 00:00 | Viewed: 596

Netherlands Deported Over One Hundred Bulgarians

The arrested over the past few days one hundred and twenty-six Bulgarians in Amsterdam were brought back to Sofia by a charter flight. Two children aged six and eight years are part of the group.

Business | September 25, 2002, Wednesday // 00:00 | Viewed: 424

IMF Criticized Bulgaria for Slow Health Care Reform

Bulgaria's health care reform has not been efficient enough to justify the low subsidies envisaged by the 2003 budget, Jerald Schiff who leads the IMF mission in Bulgaria said. He noted that Bulgaria promised to reduce the number of hospitals on the base

Business | September 25, 2002, Wednesday // 00:00 | Viewed: 464

Microsoft Bulgaria Targets Small and Medium Size Businesses

Microsoft Bulgaria presented Microsoft Small Business Server 2000 - an integrated suite of products suitable for businesses of companies and organizations with up to 50 PCs. SBS 2000 provides solutions for Email, personal calendar and time management, col

Business | September 25, 2002, Wednesday // 00:00 | Viewed: 474

Backup Plan Ready if Bulgaria's Telco Deal Fails

The Cabinet is ready with a backup option in case the deal for Bulgaria's telco fails, Transport Minister Plamen Petrov said a day after final bids were submitted for the landline monopoly Bulgarian Telecommunications Company BTC. This is a working scheme

Business | September 25, 2002, Wednesday // 00:00 | Viewed: 336
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