The Privatization Agency extended the term for the deposit for participation in the second stage of the privatisation procedure of Bulgartabac Holding from June 10 till June 14. All participants in the second stage are to submit a deposit of BGN 5 M.
“Next month a Chinese business delegation will pay a visit to Bulgaria. We expect that they will show interest to invest in the electronics, milk products, tobacco and alcohol export,” Deputy Prime Minister Nikolay Vassilev announced after a meeting with
The month of May was the most successful for Bulgarian tourism for the last 25 years, Deputy Economy Minister Hadzhinikolov, said. Tourists hit a record high in May with some 245,000 coming to Bulgaria for their holidays, which is up by 57,6 % over the la
The deadline for placing indicative offers for the Bulgarian Telecommunications Company expired today. In mid-May the Privatization Agency extended the term and the deadline was changed from May 27 to June 10.
The majority owner of the cosmetics maker Alen Mak, the Swiss company Effekten und Finanz bought 15 percent equity in the company on the Bulgarian Stock Exchange. Thus, the Swiss company raised its stake to 94,3 percent.
The European Bank for Reconstruction and Development (EBRD) and ECM holding sold 21,6 percent of their shares in Medica od Sandanski to majority owner Doverie Holding. The deal was registered on the Bulgarian stock exchange late last week.
Fines will be imposed on the management of Bobovdol coal—fired thermal power station, in case of coal imports and local overproduction, Energy Minister Kovachev said at a meeting with the managers and syndicates of coal mining companies. The decision for
The National Association of Municipalities in the Republic of Bulgaria (NAMRB) threatened to block for one day the work of the local administrations in case the government fails to keep its promise for solving the problem of the municipalities' outstandin
The price for Bulgartabac Holding will be higher than the indicative offers, Deputy Prime Minister and Economy Minister Vassilev said. In his opinion the strategy of the Privatisation Agency not to divulge all the information will yield positive results.
Aspects of Bulgarian-Jordanian trade and economic cooperation were discussed by Deputy Economy Minister Keremedchiev and Jordanian business representatives. The visit in Bulgaria of Major General Suleiman Al Manaseer, Director of the Special Operations Fo
Following last week’s record high levels of Sunny Beach Holding shares - BGN 17 per share – the price fell at the beginning of the week to about BGN 12, reaching the 30% lowest fall level permitted by the unofficial market on Stock Exchange. In the middle
Belgian companies are interested in the investment opportunities Bulgaria provides, Deputy Prime Minister and Economy Minister Vassilev said upon his return from Brussels, where he attended the European business forum on "Entrepreneurship and Sustainable
The regions of Sofia and Emilia-Romagna in Italy signed an agreement on cooperation in commerce, tourism, professional training, and the implementation of European programmes. The two sides agreed on closer contacts in trade, focusing on commercial exchan
Info system to track the illegal import of meat and meat preparations across the border is being contemplated by the Interior Ministry, the Finance Ministry and the National Veterinary Service. A month ago, the three departments signed a memorandum of coo
Every year Bulgaria receives between USD 450,000 and 500,000 in technical aid from the International Atomic Energy Agency (IAEA), Roubin Dobrev, Director of the International Cooperation and European Integration Directorate with the Committee for the Use
Extraordinary revenues to the budget may solve the problem of the municipalities' outstanding expenditures till the end of the year, Finance Minister Velchev said days before his meeting with the Governing Board of the National Association of Municipaliti
The owners of Pleven-based Nova Plama refinery withdrew the claim against state-owned Biochim bank. The refinery’s management insisted that the bank pay about USD 35 M for the release of credits that have led to the bankruptcy of the refinery.
“If Bulgaria is to succeed in EU’s competitive environment, we must invest more than the others in education and high technologies, stimulate private entrepreneurs and made the young people stay in the country, Deputy Prime Minister and Economy Minister V
The Privatization Agency is expected to complete 349 privatization deals in 2002, involving sell-offs of 238 majority stakes, 21 minority stakes and 90 separate parts of large state-owned companies. The sell-offs completed in early 2002 has so far generat
Bulgartabac Holding posted a 7,2 % rise in revenues for May over the same period last year or nearly BGN 3 M. The units of the Holding with the best performance was cigarette factory Bulgartabac BT, marking more than 22% rise in revenue to about BGN 3, 7
Kraft Foods Bulgaria, Germanos, Sony Bulgaria, Group 4 Securitas, Hilti, a Canadian and French companies are to move to a new business center to open June 14 in the outskirts of Sofia, Dnevnik Daily reported. Construction works at the site will go on till
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
