Business » Industry

No Hope for Survival of Bulgaria Ailing Steel Mill Kremikovtzi

Shut-down is looming for Bulgaria's insolvent Kremikovtzi steel mill as state gas monopoly Bulgargaz started to gradually cut gas supplies on Friday morning.

Business » Industry | May 15, 2009, Friday // 07:53 | Viewed: 1322

Bulgaria Steel Mill Kremikovtzi, Brazilian CSN Negotiations Fail

The negotiations between the Brazilian metallurgy giant CSN and the management of the troubled Kremikovtzi steel mill failed to yield a positive result.

Business » Industry | May 14, 2009, Thursday // 18:53 | Viewed: 2344

Unexpected Delay in Gas Supplies Cut for Bulgarian Steel Mill

In yet another twist in the saga about the future of Bulgaria's ailing steel mill Kremikovtzi, the energy minister announced unexpectedly a new delay in gas supplies cut.

Business » Industry | May 14, 2009, Thursday // 13:59 | Viewed: 1285

South Korea Company Builds USD 20 M Industrial Park in Bulgaria

South Korean Choice Consortium will build a USD 20 M industrial park near the Bulgarian city of Pernik.

Business » Industry | May 12, 2009, Tuesday // 18:14 | Viewed: 2945

Bulgaria Minister Sets Firm Deadline for Kremikovtzi Gas Cut

Tuesday and Wednesday are the final deadline for a foreign investor to enter the coke plant of the troubled steel mill "Kremikovtzi.

Business » Industry | May 12, 2009, Tuesday // 15:10 | Viewed: 1222

Bulgaria Economy Ministry Extends Kremikovtzi Life by 2 Days

The gas supply to Bulgaria's dying "Kremikovtzi" steel mill will be extended with another 48 hours.

Business » Industry | May 11, 2009, Monday // 21:36 | Viewed: 1600

Bulgaria PM Breaks Ground of Lovetch Great Wall Car Factory

The construction of the car factory in the village of Bahovitsa, near the city of Lovetch was officially launched Monday.

Business » Industry | May 11, 2009, Monday // 18:09 | Viewed: 3635

Kremikovtzi Unions Demand Solutions, Workers Hit Streets Again

The leadership of the Trade Unions at the dying "Kremikovtzi" steel mill proposed Monday urgent measures to deal with the heavy "economy and financial blow" from its closing.

Business » Industry | May 11, 2009, Monday // 14:59 | Viewed: 1317

Energy Supply Cut Confirmed for Bulgaria Steel Mill

The gas and energy supplies to Bulgaria's troubled steel mill Kremikovtzi will be cut at 2 pm Tuesday.

Business » Industry | May 11, 2009, Monday // 10:54 | Viewed: 1450

Slovak Company Plans EUR 600 M Greenfield Investment in Bulgaria

A company from Slovakia is planning to invest EUR 600 M in Bulgaria, in the production of equipment for the preparation and transportation of blood plasma.

Business » Industry | May 7, 2009, Thursday // 13:33 | Viewed: 2088

1 200 Workers of Bulgaria Largest Steel Mill Kremikovtzi Sacked Already

1 200 workers of the ailing Bulgarian steel-maker Kremikovtzi have been made redundant or made to retire in the recent months.

Business » Industry | May 7, 2009, Thursday // 11:02 | Viewed: 1347

Bulgaria Tobacco Company Records 541% Export Increase

The Bulgarian tobacco company "Sofia-BT" AD marked a 541% increase in export for the first quarter of 2009 year-on-year.

Business » Industry | April 30, 2009, Thursday // 17:56 | Viewed: 3882

Bulgaria Battery Producer Monbat Sales Drop by 53%

The sales income of Bulgaria's biggest lead-acid batteries manufacturer, Monbat Plc, have decreased by 53% to BGN 25,7 M for the first quarter of 2009 year-on-year.

Business » Industry | April 30, 2009, Thursday // 14:55 | Viewed: 4705

500 Kremikovtzi Workers on Protest over Pending Layoffs

Over 500 workers from Bulgaria's troubled steel-maker Kremikovtzi protested in downtown Sofia Thursday causing severe traffic jams in combination with the spring rain.

Business » Industry | April 30, 2009, Thursday // 14:49 | Viewed: 1743

Chinese Car Manufacturing Plant to Be Built in Bulgaria's Lovech

The City Coucil in the Northern Bulgarian city of Lovech has allocated a plot for the construction of a car factory.

Business » Industry | April 29, 2009, Wednesday // 18:50 | Viewed: 5170

Two New Factories Opened in Bulgaria's Kostinbrod

Bulgaria's Prime Minister Sergey Stanishev opened two new factories in the western town of Kostinbrod on Wednesday.

Business » Industry | April 29, 2009, Wednesday // 18:14 | Viewed: 2755

Raiffeisen Bulgaria, KfW Sign EUR 20 M Credit Line

Germany's state development bank KfW has extended a EUR 20 M credit line to Raiffeisenbank Bulgaria, controlled by Austria's Raiffeisen International.

Business » Industry | April 28, 2009, Tuesday // 16:55 | Viewed: 1752

Bulgaria Kremikovtzi Steel Mill Talks Reach Crisis Point

Bulgarian deputy Economy and Energy minister, Nina Radeva, has stated that talks with Brazilian steel giant CSN over the future of Kemikovtsi are in crisis.

Business » Industry | April 28, 2009, Tuesday // 11:05 | Viewed: 1841

Bulgaria Offers Debt-for-Equity Swap for Steel Mill Rescue

A debt-for-equity swap through capital increase under a rehabilitation plan is an alternative option to rescue indebted steel mill Kremikovtzi.

Business » Industry | April 27, 2009, Monday // 14:45 | Viewed: 1398

Exports of Bulgaria's Largest Furniture-maker down 30%

The largest Bulgarian furniture-maker specialized in the production of chairs, Sredna Gora Jsc, has seen its order go down by 30% since January 2009.

Business » Industry | April 27, 2009, Monday // 09:52 | Viewed: 2361

Bulgarian Steel Workers Stage Easter Rally

A day after the Easter holidays workers from Bulgaria's Kremikovtzi steel mill continue unabated their protests, rallying over unpaid salaries and the imminent closure of the indebted plant.

Business » Industry | April 21, 2009, Tuesday // 08:12 | Viewed: 1734
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