Only three companies have remained to bid for the privatization of Bulgaria's state-owned cigarette-making giant Bulgartabac Holding, and only one of them is a strategic investor – British American Tobacco.
The privatization of the Bulgarian state-owned cigarette produce Bulgartabac will be successful thanks to the privatization criteria, according to Economy Minister Traicho Traikov.
A waste recycling plant, an investment worth about BGN 50 M, was formally inaugurated at the Bulgarian Black Sea city of Varna.
Philip Morris and British American Tobacco, the two biggest companies, which purchased public procurement documents for acquiring a majority stake in Bulgaria's cigarette maker Bulgartabac, have no intentions to bid, reports say.
Voleex C10 sedan, Hover H5 SUV and Steed pickup are the three different vehicle models, which Chinese car maker Great Wall Motor Co and Bulgarian company Litex Motors will produce in the town of Lovech, Northern Bulgaria, at very competitive prices.
The Bulgarian government's decision to up the minimum wage starging July 1 is based on a stably increasing productivity of workers in the country, argued Bulgarian Minister of Labor and Social Affairs Totyu Mladenov.
Ten companies, including four top-notch investors, have purchased public procurement documents for acquiring a majority stake in Bulgaria's cigarette maker Bulgartabac, the Privatisation Agency said on Friday.
Three top-notch investors have purchased public procurement documents for the bid to privatize Bulgaria's cigarette maker Bulgartabac.
In the period January-April 2011, Bulgaria exported goods worth a total of BGN 12.5 B to non-EU countries, posting an increase of 50.4% on the year.
In the period January-March 2011, Bulgaria's exports to the EU increased by 56.4% compared to the same period a year earlier, totaling BGN 5.7 B, the National Statistical Institute reported (NSI).
A EUR 13 M factory of Monbat Recycling, a subsidiary of Bulgarian company Monbat, in Romania will be inaugurated formally by the Prime Ministers of Bulgaria and Romania Boyko Borisov and Emil Boc on Thursday.
Drug maker Elder Pharmaceuticals based in Mumbai, India, has announced that it will be starting to sell Indian brands in the EU through its Bulgarian subsidiary Elder Biomeda AD.
The seasonally adjusted industrial production index increased by 1.5% in April 2011, compared to March 2011.
Bulgarian state cigarette producer Bulgartabac registered a net profit of BGN 2.17 M for the first quarter of 2011.
The requirements for the potential investors in the privatization of Bulgaria's state tobacco giant Bulgartabac Holding practically ban big foreign players from bidding, according to the opposition Socialist party.
Prototypes of the cars of Chinese manufacturer Great Wall Motors that will be produced in Bulgaria's Lovech generated heated interest Thursday at the opening of the auto and agricultural equipment fair at the Ruse University "Angel Kanchev.
The European Commission's approval of the first stage of the construction of the waste plant near Sofia is expected in just weeks, according to the Head of the Regional Policy Directorate, Dirk Ahner.
Coca-Cola Hellenic has announced new investments in Bulgaria's capital Sofia amidst the celebrations of Coca-Cola's 125th birthday.
The head of Bulgaria's Corporate Commercial Bank, which is believed to finance the media group of mogul Irena Krasteva, has confirmed his interest in the privatization of the country's state tobacco giant Bulgartabac Holding.
Bulgaria's sector-based strategy for the attraction of foreign investments was presented by Minister of Economy and Energy Traicho Traikov at a forum in Sofia Tuesday.
A notice for the privatization of Bulgaria's former state tobacco monopoly Bulgartabac Holding is due to be published in the State Gazette on 10 May.
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