GROSS DOMESTIC PRODUCT WENT UP 4 PERCENT IN 2001
Gross Domestic Product went up 4% in 2001, preliminary data of the National Statistical Institute show. GDP stood at USD 13,55 BLN with USD 1705 per head.
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Gross Domestic Product went up 4% in 2001, preliminary data of the National Statistical Institute show. GDP stood at USD 13,55 BLN with USD 1705 per head.
Turkey’s Ceylan warned it may hinder the participation of Italy’s potential investor Enel Power in Gorna Arda Hydropower Company April 26. The official announcement of the company says that only Ceylan can name successor in the construction of the cascade
The Health care Ministry ordered urgent checks to be made in the hospitals for cases of infections with the unidentified virus that hit Greece. All patients who were hospitalised with symptoms similar to those in Greece, will be tested for the unknown vir
Turkey’s Ceylan has not been authorized to name a potential successor in its joint venture with Bulgaria’s National Electricity Transmission Company, Energy Minister Milko Kovachev said. The decision on including a strategic investor in the joint venture
MPs of Coalition for Bulgaria and the five independent MPs who left the group of Simeon II National Movement some time ago referred to the Constitutional Court some of the texts of the contract with British company Crown Agents, contracted by the governme
The deadline for submitting offers for the purchase of 12,000 tons of unsold tobacco is to be extended till end-April, that’s by three more working days, Georgi Popov, Managing Director of Bulgartabac Holding, said. The sale price is set at USD 20 M and t
A guarantee agreement with the European Bank for Reconstruction and Development was ratified by Parliament under a credit agreement for a EUR 41 M loan between the National Electricity Transmission Company and the bank. The loan is to finance the project
The range of projects funded by SAPARD, the European Commission special accession program for agriculture rural development, will expand till end-year, Deputy Agriculture Minister Andriyana Tosheva said. An intermediary evaluation on the implementation of
Bulgaria and Belarus may consider the introduction of "open economic space" regulations as is the case between Belarus and Russia, Belarus Ambassador Alyaksandr Pyatrov said at a a roundtable “Belarus: Promising trade partner" organized by the Bulgarian C
Red-tape, corruption, numerous licensing and authorization requirements and fuzzy points in key economic laws are some of the obstacles German investors in Bulgaria face, which were enumerated at the working meeting of the Roland Berger consulting firm wi
Under the sell-off plan of the State Savings Bank the Cabinet is expected to transfer 75 percent, it owns in the State Savings Bank to the Bank Consolidation Company (BCC), the government body that manages the privatisation of state banks. The operation i
No cases of infections with the unidentified virus that hit Greece and claimed the lives of five persons there have been registered in Bulgaria, Health Minister Bozhidar Phinkov said. The Health care Ministry asked for more information about the mysteriou
An earthquake with an epicentre some 130 km southwest of Sofia outside Bulgarian territory was felt in Bulgaria at 1:52 pm April 24. The quake lasted more than one minute, followed by another three tremors later on, measuring 4,3; 4,4 and 4,5 on the Richt
LUKoil Neftochim – Burgas and Kremikovtzi steel maker has requested that consultations with the Transport Ministry be held on the conditions of getting a license for private cargo railway carrier, Georgi Nikolov, Executive Director of the Railway Administ
No disapproving remarks on the safety of the first four units at Nuclear Power plant Kozloduy have been made at the Vienna meeting of countries, which signed the Convention on Nuclear Safety, Emil Vapirev, head of the Committee for the Use of Atomic Energ
A videoconference Sofia – Athens, due to open April 24, 2002, will mark the beginning of a series of international videoconferences in the telecommunication sector, organized by the Institute of Researches of Eastern Aegean. Prospects for development of t
The European Commission said it expected slower economic growth for the ten EU candidate ex-communist countries in 2002 due to the effects of last year's slowdown in the global economy. However, in its annual spring forecast, the Commission said the regio
Excise duty stamps for liquor and tobacco products for export will not be obligatory, amendments to the Tax Procedure Code, passed by Parliament envisage. Tobacco products for sale in duty-free shops will be sold only with a "for duty free only" stamp rat
Bulgarian Post Bank will distribute its 2001 net profit of BGN 4,5 M as dividend equal to 8,8% of the shares’ par value, the bank's shareholders decided April 23. The bank paid its 2000 net profit as dividend equal to 3,87% of the shares’ face value.
The implementation of the two-year agreement between the IMF and Bulgaria and the corruption combat in particular were positively assessed at the meeting of IMF Managing Director Horst Koehle and Prime Minister Simeon Saxe-Coburg, who is on an official vi
The Sofia City Court decided on April 23 to proceed with the case of the Zeevi Holding subsidiaries ZBI and Balkan Airline Holdings (BAH). They claim they are owed BGN 49 M by the insolvent carrier.
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