Business

CANADA’S INTELCAN TO UPGRADE MILITARY AIRPORTS

An agreement on the upgrade of the military airports at Graf Ignatievo and Krumovo was signed between Defense Minister Svinarov and Ronald Weissberger, President and Director of Canada’s Intelcan. According to the defense minister the agreement is an impo

Business | April 18, 2002, Thursday // 00:00 | Viewed: 529

BUSINESS EASTER FOR EX-PATRIOTS AGAIN ON MAY 4

The Bulgarian Business Easter initiative this year will start on May 4, Deputy PM and Economy Minister Nikolay Vassilev said at a press conference April 17. According to Maxim Behar, CEO of M3 Communications Group, Inc.

Business | April 18, 2002, Thursday // 00:00 | Viewed: 380

CUSTOMS AGENCY REVENUES UP BGN 25 M Q1

The customs administration reported over BGN 608 M of revenues into the budget for the first quarter of the year, which is up by BGN 25 M over the same period last year, Customs Agency reported. According to the Agency the negative tendency of falling cus

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 466

BG TRACE IN HUMAN ORGANS TRADE INVESTIGATED IN GERMANY

A Bulgarian man, living in Munich, has tried to create a network for sale body organs trade, Munich's Chief Prosecutor Manfred Wick announced, cited by DPA. According to him the Bulgarian maintained contacts with hospitals in Bulgaria, Romania and former

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 468

MORE THAN THOUSAND JOBS TO BE CREATED FOR N-PLANT UNITS CLOSURE

Some 1,100 people will be employed for the closure of first and second units of Bulgaria’s Nuclear Power Plant Kozloduy, Bulgaria’s Social Minister Lidia Shuleva announced during the meeting of the mixed consultative council Bulgaria-EU. She added that an

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 382

ECONOMY MINISTER NOT QUESTIONED ON BULGARTABAC’S RECENT SCANDAL

Bulgaria’s Deputy Prime Minister and Economy Minister Nikolay Vassilev said that he hadn’t been called to the Prosecutor’s Office in connection with the accusations on behalf of Garedin Gevondyan, president of “Soiuzcontract Tabac”, saying that Georgi Pop

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 450

18 COMPANIES BID FOR DANUBE BRIDGE 2 CONSULTANT

A total of eigteen consultant companies from Great Britain, France, Germany, Spain and Denmark want to prepare the tender documents of Danube Bridge 2 project, it transpired on April 17. Four companies will be selected by a commission and presented for ap

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 431

PETROL DISTRIBUTOR MARKS ANNIVERSARY WITH UNIQUE AUTO FIESTA IN SOFIA

Unique retro car models drove next to the last models of BMW, Citroen, Jaguar, Ford, Mercedez, Opel and Peugeot at a unique show, organized by Bulgaria’s petrol distributor “Petrol.” The auto fiesta is part of the campaign of the company, organized to mar

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 494

SLOWER RATE OF ECONOMIC GROWTH PREDICTED BY EC

Bulgaria has the potential for continued high economic growth over the coming years, though at a slower rate than the one registered in 2000 - 5.8%, the European Commission forecasts in its Report on Macroeconomic and Financial Sector Stability Developmen

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 392

BULGARIAN-JORDANIAN TRADE EXPECTED TO TRIPLE IN NEXT HALF-YEAR

Trade between Bulgaria and Jordan are expected to triple in the next six months, Deputy Economy Minister Milen Keremedchiev said upon his return from Jordan where he headed a delegation of Bulgarian businessmen for the Days of Bulgarian Business. A total

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 422

CROP DUSTER HEROS COMPANY SETS FOOT IN SAUDI ARABIA

Haskovo-registered Heros company became the first Bulgarian crop dusting company to set foot in Saudi Arabia, after contracting to treat over 900,00 hectares of land with pesticides as part of the Kingdom’s regular annual campaign against mosquitoes. Unde

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 846

TWO TOWNS TO GENERATE ELECTRICITY WITH WIND-POWERED TURBINES

One hundred wind-powered turbines will generate electricity near the town of Dobrich (Northeastern Bulgaria), the Dobrich regional governor Ivan Ivanov said, quoted by Dnevnik Daily. Germany’s KC Trading was contracted for the wind-power project for EUR 6

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 472

BULGARIAN COMPANIES BID FOR SKOPJE BUS MAKER

Two Bulgarian companies, Bulmak 2000 and Marikor, are among the four bidders for Skopje-based bus manufacturer FAS in an international tender. Two Macedonian companies will also vie for the plan.

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 814

GROSS FOREIGN DEBT DOWN

Cumulative gross foreign debt fell by 1,8% or a net USD 175,2 M for the first two months of 2002 after principal payments, preliminary figures of the central bank show. Gross foreign debt stood at USD 9,738 B at end-February.

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 437

INTERIOR MINISTRY TO TAP MOBILE NETWORKS, AMENDMENTS ENVISAGE

The Bulgarian Telecommunication Company and the mobile phone operators in Bulgaria will be obliged to supply and install at their own expense infrastructure for use of the national security and defense services, amendments to the Telecommunication Act, pr

Business | April 17, 2002, Wednesday // 00:00 | Viewed: 439

COURT RULES BRADY BOND SWAP LEGAL

The Constitutional Court ruled Parliament's three ratifications, approving the foreign debt restructuring deal, legal. At a closed sitting the judges from the Constitutional Court rejected the request, tabled by 48 MPs from the rightist opposition United

Business | April 16, 2002, Tuesday // 00:00 | Viewed: 621

PHARE FUNDS SURVEY ON IMPACT FROM N-PLANT UNITS CLOSURE

The PHARE program will fund with EUR 200,000 the coming survey on the social and economic consequences from the closure of Bulgaria’s Nuclear Power Plant Kozloduy units, Meglena Kuneva, chief negotiator with EU declared in a letter to the social and econo

Business | April 16, 2002, Tuesday // 00:00 | Viewed: 440

WAYS TO BOOST BUSINESS CONTACTS WITH JORDAN SOUGHT

Twenty-eight Bulgarian companies of various industries are taking part in Days of Bulgarian Business in Jordan, which opened on April 14. The business delegation is accompanying Deputy Economy Minister Milen Keremedchiev.

Business | April 16, 2002, Tuesday // 00:00 | Viewed: 519

ROSEXIMBANK STARTED DUE DILIGENCE AT BIOCHIM BANK

Roseximbank started conducting due diligence at state-owned to be privatized Biochim Bank. Rosseximbank in consortium with Russia’s Mezhprombank will bid for the 99,6% state stake, which was offered for sale.

Business | April 16, 2002, Tuesday // 00:00 | Viewed: 539

TRANSPORT MINISTRY WANTS INFO ON FLAG CARRIER’S DEAL WITH LUFTHANSA

The Transport Ministry has asked the receivers of Bulgaria’s indebted flag carrier to disclose details about Balkan’s deal to hire two Boeings 737s aircraft from Germany’s Lufthansa, Dnevnik Daily reported. Balkan Airlines paid an installment of EUR 320,0

Business | April 16, 2002, Tuesday // 00:00 | Viewed: 489

EUREKO REPORTEDLY NOT TO BID FOR BIGGEST INSURER

Pan-European consortium Eureko will not bid for Bulgaria’s state-owned insurer State Insurance Institute (DZI), a Eureko official said, reported by Dnevnik Daily. According to him there exists a possibility of his taking part in the sell-off procedure via

Business | April 16, 2002, Tuesday // 00:00 | Viewed: 430
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