Lachezar Varnadzhiev, а 26-year-old owner of a newly created "Eltrade Company", turned out to be the buyer of the bankrupt Bulgarian Kremikovtzi steel giant, a deal worth BGN 316 M (nearly EUR 162 M).
The assets of bankrupt Bulgarian steel mill Kremikovtzi were bought at the fourth auction by the Eltrade company, which was the only bidder and paid the initial price of BGN 316 M (nearly EUR 162 M).
The fourth auction of bankrupt steel giant Kremikovtzi, considered the pride of the communist-era industry in Bulgaria, is taking place Tuesday, April 12.
The minimum monthly salary in Bulgaria's metallurgy sector has been increased from BGN 350 to BGN 400, according to a new collective labor contract signed Thursday.
Bulgaria's working day adjusted Industrial Production Index rose by 15.2% year on year February 2011, according to preliminary data by the country National Statistical Institute.
The fourth auction of bankrupt steel giant Kremikovtzi, considered the pride of the communist-era industry in Bulgaria, will take place on April 12, the factory's receiver confirmed.
The Maritza Iztok Mine in southern Bulgaria has scored 2011 its greatest yield for the first quarter of the year since 1997.
After registering in 2010 its highest annual profits in 11 years, Bulgaria's largest pharmaceutical company Sopharma has announced an universal increase of the salaries of its employees.
Bulgaria has registered the largest increase in its total year on year industry producer price index among all EU member states (+12.
Bulgaria's largest pharmaceutical company Sopharma has registered its highest profit in 11 years.
UK electric car company Zero Carbon 2020 will produce the first cars from a new assembly line in Bulgaria in the second or third quarter of 2011.
Candidates applying to buy VMZ Sopot, Bulgaria's largest but troubled military plant, will be eligible to bid for it if they demonstrate they have enough funds to cover its mounting debts.
The privatization deal for Bulgaria's state cigarette-maker Bulgartabac will be completed in 3 weeks, according to a senior government official.
Bulgaria's center-right GERB party Cabinet plans to raise BGN 450 M from privatization of fully or partly state-owned companies in 2011, according to Emil Karanikolov, head of the Privatization Agency.
Bulgaria's Parliament approved Wednesday a strategy for the privatization of the troubled VMZ-Sopot factory, which is Bulgaria's largest defense industry plant and was once the pride of its military-industrial complex.
The construction of the much-awaited Sofia waste treatment plant is going to be delayed even further over pending approval from the European Commission and the selection of contractors.
Bulgarian and foreign companies are constantly inquiring with the city of Burgas for plots, which is why the Burgas Municipality has moved to set up a new industrial zone, Mayor Dimitar Nikolov announced.
Leading international companies - Philip Morris, Bulgartabac Holding, British American Tobacco, Japan Tobacco International and Imperial Tobacco - have expressed their support for Bulgarian government's excise policies.
Bulgaria's oldest and largest cosmetics producer "Alen Mak" is on sale for about BGN 8-10 M, according to one of its creditors.
A new industrial zone will be set up in Bulgaria's Black Sea city of Burgas by the local municipality and the state-owned "National Company Industrial Zones.
The Bulgarian state will no longer be required to keep a 34% share in formerly fully state-owned defense industry plants, according to a draft decision of the Bulgarian Cabinet to be approved Wednesday.
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