Business

WB APPROVED A PROJECT FOR REDUCING POLLUTION IN BULGARIA

The World Bank approved a Bulgarian project for restoration of wetlands and reducing pollution, the Bank's office for Eastern and Central Europe announced. The project is funded by a grant from the Global Environment Facility (GEF) Trust Fund (7.

Business | June 15, 2002, Saturday // 00:00 | Viewed: 399

CAR IMPORTERS WANT EU CAR EXHAUST STANDARDS IN BULGARIA

An expert group of the Union of Automobile Importers in Bulgaria will sum up the EU requirements for car exhaust and will move them to Parliament and Government so that they be introduced in the Bulgarian legislation, the head of the union Stefan Hadzinik

Business | June 15, 2002, Saturday // 00:00 | Viewed: 754

TOBACCO MONOPOLY REVENUES DOWN JAN-MAY YEAR ON YEAR

Bulgaria’s slated for privatization tobacco monopoly Bulgartabac Holding has registered decline in the sales revenues for the first months of this year. The Exceutive Director Georgi Popov announced that the company had revenues of BGN 172,375,000 for the

Business | June 14, 2002, Friday // 00:00 | Viewed: 455

KREMIKOVTSI STEEL MAKER SEEKS PROTECTIVE STEEL IMPORT TARIFFS

The private Kremikovtzi steel maker has requested from the Economy Ministryto introduce protective customs duties of up to thirty percent on some types of steel imports. This measure would allow domestic steel producers to regain 50 percent of the domesti

Business | June 14, 2002, Friday // 00:00 | Viewed: 378

BUSINESS PARK SOFIA OPENED DOORS ON FRIDAY

Kraft Foods Bulgaria, Germanos, Sony Bulgaria, Group 4 Securitas, Hilti are among the companies that are moving a new business park in Sofia. The business park opened on June 14 in the Mladost quarter in the outskirts of Sofia after the first phase of the

Business | June 14, 2002, Friday // 00:00 | Viewed: 426

EBRD MAY FUND SOFIA PARKING LOTS PROJECT

The Sofia Municipality will apply for funding from the European Bank for Reconstruction and Development (EBRD) for a study to determine the parking needs of the city, Sofia Mayor Sofianski told Dnevnik Daily. Sofianski is expected to ask the Sofia municip

Business | June 14, 2002, Friday // 00:00 | Viewed: 483

TURKEY’S CEYLAN DECLINES TO WITHDRAW FROM GORNA ARDA PROJECT

Turkey’s Ceylan Holding declined to withdraw from its join venture with the Bulgarian National Electricity Transmission Company (NETC) that was set to implement the key Gorna Arda project in Southern Bulgaria. Ceylan proposed to draw another Turkish compa

Business | June 14, 2002, Friday // 00:00 | Viewed: 456

ELECTRICITY PRICE HIKE OF 15% LIKELY FOR HALF BULGARIANS

Electricity bills will increase with an average of 15% for half of the Bulgarian population, starting July 1, Energy Minister Milko Kovachev, said. His statement followed syndicates’ reports on planned electricity and heating price hikes.

Business | June 13, 2002, Thursday // 00:00 | Viewed: 418

BULGARTABAC CHIEF INTERROGATED AGAIN AT PROSECUTOR’S OFFICE

Georgi Popov, the Managing Director of tobacco monopoly Bulgartabac Holding, and Georgi Tassev, partner in “Soiuzcontract Tabac”, were interrogated by a city prosecutor June 13. This is the second time that Popov comes to the Prosecutor’s Office, after he

Business | June 13, 2002, Thursday // 00:00 | Viewed: 882

LICENSES FOR NUCLEAR ENERGY ACTIVITIES TO BE ISSUED

Licenses and permits for the exploitation of nuclear utilities, import and export of nuclear material and transport of radioactive material are to be issued to legal and natural persons, the Safe Use of Nuclear Energy Act envisages. Under the amendments a

Business | June 13, 2002, Thursday // 00:00 | Viewed: 351

DUTCH BUSINESS FAIR HOPED TO BOOST INVESTMENTS IN BULGARIA

Representatives of thirty Dutch companies gathered at Sheraton Sofia Hotel Balkan to participate in the business fair “Be in Touch with the Dutch”, officially opened by H.E.

Business | June 13, 2002, Thursday // 00:00 | Viewed: 717

ITALY'S LARGEST DAIRY PLANT MULLS INVESTMENTS

Ways of attracting more Italian investments topped the agenda of Prime Minister’s visit in Italy and his meeting with the President of Italy's largest producer of dairy products Parmalat Calisto Tanzi. The prime minister made a tour of the company and had

Business | June 13, 2002, Thursday // 00:00 | Viewed: 587

GRACE PERIOD FOR CIGARETTE EXCISE DUTIES AGREED WITH EU

Bulgaria has been granted by the European Union a three-year grace period for introducing the minimal excise duty on cigarettes. Under the agreement the EU’s minimum excise duty levels – EUR 64 per 1000 pieces will be reached in 2010.

Business | June 13, 2002, Thursday // 00:00 | Viewed: 467

TURKEY READY TO ISSUE MORE ROAD CARRIERS PERMITS

Turkey is ready to increase the number of one-off permits issued to Bulgarian road carriers, Transport Minister Plamen Petrov said. The move has been proposed by his Turkish counterpart Oktai Vural in a telephone conversation.

Business | June 13, 2002, Thursday // 00:00 | Viewed: 374

BOEING LEASED BY BALKAN FROM LUFTHANSA LANDED IN SOFIA

The first Boeing aircraft, one of two leased by Bulgaria's flag carrier Balkan Airlines from Lufthansa landed at Sofia airport. The Boeing 737-300 is quite new and will be used by Balkan for ten months.

Business | June 13, 2002, Thursday // 00:00 | Viewed: 366

DSK BANK CHECKS CASE OF ACCOUNTS DRAINING IN KOSTINBROD BRANCH

The internal control department with State Savings Bank DSK has been making a check for a month already on the case concerning the draining of clients’ accounts in the bank’s branch in Kostinbrod, DSK announced in a statement to the media. The bank confir

Business | June 12, 2002, Wednesday // 00:00 | Viewed: 425

BOOST IN COOPERATION AGREED BY JOINT COMMISSION WITH SLOVAKIA

The final protocol of the session of the joint Bulgarian-Slovak intergovernmental commission for trade, economic, scientific and technical cooperation was signed on June 12. Slovakia expressed the wish to participate in the upgrade of a Bulgarian hydroele

Business | June 12, 2002, Wednesday // 00:00 | Viewed: 401

HUNTING PARKS TO BE LEASED, AIMING SUSTAINED GAME POPULATIONS

The National Forestry Administration will offer for lease 110 hunting grounds in order to ensure sustainable levels of game populations after their regress in the last twelve years, Deputy Agriculture Minister Meglena Plugchieva announced. She added that

Business | June 12, 2002, Wednesday // 00:00 | Viewed: 389

THREE BIDDERS PLACED OFFERS FOR TELECOM

Two of the three indicative offers placed for the Bulgarian Telecommunications Company on June 10 belong to AIG-CET Capital Management, a Polish-based investment fund of AIG, the world's largest insurer and a consortium led by British-based equity house A

Business | June 12, 2002, Wednesday // 00:00 | Viewed: 383

BULGARTABAC CHIEF INTERROGATED ON BRIBE ALLEGATIONS

Georgi Popov, the Managing Director of tobacco monopoly Bulgartabac Holding, was interrogated for five hours at Sofia City Prosecutor’s Office. The check was prompted by the April allegations against Popov, when the president of the Russian company accuse

Business | June 11, 2002, Tuesday // 00:00 | Viewed: 454

US COMPANIES TO HELP ESTABLISH A REAL ESTATES MARKET

US companies have offered assistance in establishing a real estates market index in Bulgaria, Deputy Prime Minister and Economy Minister Nikolay Vassilev announced. Vassilev was guest to an economic round table of the members of the American Chamber of Co

Business | June 11, 2002, Tuesday // 00:00 | Viewed: 492
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