AREMISSOFT CLOSED OPERATIONS IN BULGARIA
US-based software supplier AremisSoft Corp. closed its Bulgarian branch and dismissed all employees on March 28.
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BG COMPANIES LEFT WITH NO PREFERENCES
Expected preferences for Bulgarian goods and services in the public procurement were dropped out of the amendments to the Public Procurement Act after heated debate of the parliamentary economic committee. According to the draft amendments Bulgarian produ
ITALY’S ENEL POWER INSPECTS GORNA ARDA CASCADE
Representatives of the Italian company Enel Power, a potential strategic investor in hydropower Gorna Arda project, and the National Electricity Transmission Company visited the sites where the constructions of the three dams under Gorna Arda project will
HUNGARY’S MATAV MAY BID FOR TELECOM
Hungary’s telecom Matav and its parent company Deutsche Telecom have not ruled put the possibility of Matav’s participation in the planned privatization of Bulgaria’s telecom monopoly BTC, Imre Bolcskei, Matav’s regulatory director said, quoted by Interfa
ENERGY MARKET FOR FOREIGNERS NOT TO BE OPENED YET
Bulgaria does not plan to open its power and gas market to foreign suppliers at least for the time being to give time to domestic players to get used to liberalised market conditions, Reuters reported. The agency quaoted a statement of the government that
BULGARIAN STUDENT ARRESTED IN US AFTER ALLEGEDLY PASSING FAKE DOLLARS
The Associated Press KENOSHA, Wisconsin - Police arrested an 18-year-old Bulgarian exchange student after she allegedly used counterfeit dlrs 100 bills to pay for purchases.
NATIONAL BANK GOVERNOR DENIED ALLEGATIONS FOR GOLD RESERVES SALE
“During the passed five years, the possibility to sell the golden reserves of the Bulgarian National Bank (BNB) hasn’t been discussed,“ BNB governor Svetoslav Gavriiski said at a news conference, commenting allegations in the press. He explained that as o
MICROSOFT PRODUCTS OFFICIALLY LAUNCHED IN BULGARIAN
Microsoft Bulgaria officially launched the first Bulgarian version of Windows XP Professional, Office XP Professional and Office XP SBE on March 28. Bill Gates, Microsoft's Chairman and Chief Software Architect congratulated the Bulgarian users on the oc
FLAG CARRIER SAVED FROM BANKRUPTCY FOR NOW
The receivers of flag carrier Balkan Airlines submitted to the Sofia City Court on March 27 the revised rehabilitation plan as required by Kostadinka Nedkova,the judge in the bankruptcy case. The deadline for submitting in court the rehabilitation plan wa
ECONOMIC GROWTH COUNCIL WANT PREFERENCES FOR BG COMPANIES
Amendments to the Public Procurement Act and the price of natural gas for consumers are to be discussed at the next meeting of the Council for Economic Growth, Deputy Prime Minister and Economy Minister Nikolay Vassilev, chairman of the Council, said at t
MOSCOW FOR EQUAL SHARES IN BALKAN OIL PIPELINE
Russia officially voiced its support for Bulgaria’s demand for 33% participation in the construction of the trans-Balkan oil pipeline Burgas –Alexandroupolis, Deputy Prime Minister Kostadin Paskalev said. Greece insisted on a 20% of Bulgarian participatio
STEEL WORKS SAID TO EYE CANADA AFTER EU TARIFF BOOST
The European Union’s decision to boost steel tariffs by as much as 26% from April 3 may force Bulgaria’s Stomana Industry company to direct part of its produce to Canada, Lyudmil Stoikov, CEO of Evrometal, said, quoted by Dnevnik Daily. Evrometal is one o
TELECOM SELL-OFF BEGINS NEXT WEEK
The sell-off procedure of the Bulgarian Telecommunications Company (BTC) will open on April 2, the Executive Director of the Privatization Agency Apostol Apostolov announced. He explained that the start of the key privatization deal had been delayed delib
SOCIAL MINISTER GRANTED 100TH MICROCREDIT
The Social Ministry granted the 100th credit of the Guarantee Fund for Microcredits to a family from the town of Montana. The loan is to be paid back over a five-year period of time with a six-month grace period.
BULGARIA 10TH AMONG POTENTIAL LEADERS UNDER TAI
Bulgaria ranks tenth among the 19 countries classified as potential leaders under the technology achievement index (TAI), data from UNDP's Human Development Report 2001, show. Bulgaria precedes Poland, Croatia and Romania and is behind Greece.
BUSINESS CLIMATE INDEX DOWN BY NEARLY 4 POINTS IN MARCH
The overall business climate index fell by 3,8 points in March, data of the National Statistic Institute show. The plunge is attributed to pessimistic expectations in the construction sector.
PART OF CROWN AGENTS REPORT ON CUSTOMS STATE TO BE PUBLISHED
The section of the preliminary report of Crown Agents, which concerns the state of the Bulgarian customs will be published, Finance Minister Milen Velchev told the Bulgarian news agency. The minister explained that the decision has been consulted with Bri
ITALIANS TO BUILD CHEMICAL PLANT
A contract on building a chemical plant for chemical compounds, biological products and fertilizers was signed by the president of the Italian company MLT and the mayor of the town of Kula, Pari Daily reported. The Bulgarian-Italian company will be named
ARMS EXPORTS DOUBLE IN SECOND HALF OF 2001
Bulgaria’s arms exports in the second half of last year amounted to USD 200 M, double the amount for the full 200, Vladimir Velichkov, head of the state commission on arms exports said at the Roundtable on Bulgaria’s arms industry. The rise is attributed
HIV DISCOVERER TO ADVISE ON THE CASE OF THE MEDICS IN LIBYA
Luc Montagnier, co-discoverer of HIV, has been invited to be expert on the case of the Bulgarian medics, charged with intentionally infecting Libyan children with the dangerous virus. That was announced by Foreign Minister Passy in Bucharest.
MIG–29 OVERHAUL CONTRACT SIGNED
Defense Minister Nikolay Svinarov and the General Director of the Russian company RSK "MiG" Nikolay Nikitin signed a contract for repairing of twenty Bulgarian MiG-29 fighter aircraft. The Russian company won the competition for repairing the aircraft in
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