Business » Industry

Controversy Surrounds Sale of Bulgaria's Kremikovtzi Steel Giant

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).

Business » Industry | April 12, 2011, Tuesday // 17:45 | Viewed: 4508

Bulgarian Steel Behemoth Kremikovtzi's Assets Bought by Eltrade

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).

Business » Industry | April 12, 2011, Tuesday // 14:47 | Viewed: 6816

4th Attempt to Auction Off Bulgarian Steel Behemoth Kremikovtzi

The fourth auction of bankrupt steel giant Kremikovtzi, considered the pride of the communist-era industry in Bulgaria, is taking place Tuesday, April 12.

Business » Industry | April 12, 2011, Tuesday // 07:56 | Viewed: 2333

BGN 400 Minimum Monthly Wage Set in Bulgaria's Metallurgical Industry

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.

Business » Industry | April 7, 2011, Thursday // 19:21 | Viewed: 6253

Bulgaria’s Industrial Production Up by 15% y/y February 2011

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.

Business » Industry | April 7, 2011, Thursday // 12:43 | Viewed: 2701

Bulgaria Bankrupt Steel Mill Tagged at BGN 316 M in Fourth Auction

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.

Business » Industry | April 7, 2011, Thursday // 09:21 | Viewed: 2250

Largest Bulgarian Mine with Record Coal Production Q1

The Maritza Iztok Mine in southern Bulgaria has scored 2011 its greatest yield for the first quarter of the year since 1997.

Business » Industry | April 5, 2011, Tuesday // 12:09 | Viewed: 3029

Bulgaria's Sopharma Boosts Salaries over 2010 Results

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.

Business » Industry | April 4, 2011, Monday // 17:38 | Viewed: 2698

Bulgaria Sees Largest y/y Increase in EU Industry Prices

Bulgaria has registered the largest increase in its total year on year industry producer price index among all EU member states (+12.

Business » Industry | April 4, 2011, Monday // 14:56 | Viewed: 2162

Bulgarian Pharmaceutical Giant Sopharma with Record Profit

Bulgaria's largest pharmaceutical company Sopharma has registered its highest profit in 11 years.

Business » Industry | April 3, 2011, Sunday // 11:12 | Viewed: 5017

First UK Electric Cars to Be Assembled in Bulgaria in 2011

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.

Business » Industry | April 2, 2011, Saturday // 15:48 | Viewed: 5838

Bidders for Bulgaria's Largest Military Plant Required to Pay Off Its Debts

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.

Business » Industry | April 1, 2011, Friday // 18:19 | Viewed: 2608

Bulgaria to Finalize Bulgartabac Privatization in 3 Weeks

The privatization deal for Bulgaria's state cigarette-maker Bulgartabac will be completed in 3 weeks, according to a senior government official.

Business » Industry | March 30, 2011, Wednesday // 17:24 | Viewed: 2979

Bulgaria's Govt Wants to Raise BGN 450 M from Privatization in 2011

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.

Business » Industry | March 24, 2011, Thursday // 22:15 | Viewed: 2693

Bulgarian Govt Snubs Security Worries over Sale of Largest Military Plant

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.

Business » Industry | March 23, 2011, Wednesday // 17:32 | Viewed: 3763

Procedural Hurdles Delay Sofia Waste Plant Realization

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.

Business » Industry | March 22, 2011, Tuesday // 17:41 | Viewed: 2288

Bulgaria's Burgas Mayor: Investors Eager for New Industrial Zone

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.

Business » Industry | March 16, 2011, Wednesday // 21:00 | Viewed: 5023

Major Tobacco Companies Back Bulgaria's Excise Policies

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.

Business » Industry | March 16, 2011, Wednesday // 18:26 | Viewed: 4285

Bulgaria's Oldest Cosmetics Producer Offered on Sale for BGN 10 M

Bulgaria's oldest and largest cosmetics producer "Alen Mak" is on sale for about BGN 8-10 M, according to one of its creditors.

Business » Industry | March 16, 2011, Wednesday // 16:57 | Viewed: 5452

Bulgaria to Set Up New Industrial Zone in Black Sea Port Burgas

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.

Business » Industry | March 14, 2011, Monday // 16:36 | Viewed: 5519

Bulgarian Govt to Opt Out of Minority Stakes in Military-Industrial Complex Assets

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.

Business » Industry | March 8, 2011, Tuesday // 20:21 | Viewed: 3070
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