The Bulgarian Stock Exchange (BSE) suspended trade in shares of pharmaceutical producer Sopharma for about an hour on the morning of December 11 to prevent insider trading. The stop was triggered by a report in Pari Daily that Sopharma will offer to buy-o
The negotiations with Bulgaria over the six months of the Belgian presidency were reviewed in detail during the fifth meeting of the Conference on Bulgaria's Accession to the EU at the ministerial level. Bulgaria's progress was confirmed: it has opened 26
Bulgarian authorities are considering a plan to sell a five-percent stake in the state-owned telecom monopoly Bulgarian Telecommunications Company (BTC) for compensatory receipts as part of the privatization plan for the company, an official from the Priv
The planned 2002 Eurobond issue of up to EUR 700 M might be delayed if Bulgaria signs a two-year funding deal with the International Monetary Fund for a total of USD 300 M, Reuters commented on December 11. The funding deal is expected to be finalized til
Bulgaria is third among the SE Europe countries as far as its GDP growth indicator is concerned. Bulgaria rates second in annual inflation in the same target group for 2000.
The fines for illegal trading with ferrous and non-ferrous metals should go up thirteen times according to a Ministry of the Economy proposal. The proposal will be discussed at the next meeting of the Government.
The 23rd International Book Fair opened on December 11 at hall 3 of the National Palace of Culture in Sofia. More than 500 publishers from Great Britain, Germany, France, Macedonia, Russia, Romania and Bulgaria participate in the fair, which will close on
Incumbent President Stoyanov said that the delay in the SS-23 missiles destruction will result in later than envisaged NATO accession of Bulgaria. He commented on the issue as a response to President-elect Parvanov’s statement that the SS-23 missiles dest
Under the amendments to the Corporate Income Taxation Act adopted by Parliament on December 11 corporate tax will fall from 20 to 15%. The amendments also provide for tax reliefs for new jobs creation in regions with unemployment rate 50% higher than the
No agreement was reached on a 10% rise in electricity and heating prices at the meeting of the Trilateral Cooperation Council on December 11. The Cabinet's decree for 10% rise that the Supreme Administrative Court revoked on November 5 was discussed at th
Lidia Shuleva, Deputy Prime Minister and Social Minister, sent a letter to the International Monetary Fund Resident Representative to Bulgaria Piritta Sorsa, in which she insists that the ordinance for regulating the salaries in monopoly-holding companies
Bulgarian entrepreneurs are the most optimistic in Europe regarding the development of business next year, according to a survey conducted by the Association of European Chambers and Industry. The Economic Review 2002 survey was conducted in 24 countries
Trade between Bulgaria and Estonia will be duty-free starting from January 1, 2001. Bulgarian cheese, vegetables, wine and liquor will enjoy unlimited access to the 1.
The meeting of Prime Minister Simeon Saxe-Coburg with delegation of the Holy Synod on December 11 continued for more than an hour. Maxim, the Patriarch of the Bulgarian Orthodox Church, and the metropolitans suggested that the laws adopted ten year ago th
The Bulgarian National Service “Border Police” received a donation from Germany - 220 radio stations Motorola GP 380, worth DEM 225,000. The donation was handed to Defense Minister Petkanov on behalf of the Federal Minister of the Interior Otto Schily.
“I am optimist for an agreement with Bulgaria,” Jerald Schiff, Head of the International Monetary Fund (IMF) mission to Bulgaria said after a meeting with the economy team of the Government. The meeting was closed for media with the explanation that it wa
Dr. Vassil Panitsa was elected chairman of the municipal council of the Union of Democratic Forces late on December 10th.
Amendments to the Criminal Code will allow prisoners, who have committed grave offences to be released before the end of their sentence, Mario Dimitrov, Deputy Justice Minister, announced on December 11. According to him this could at least partly solve t
There will not be an increase in the electricity and heating prices in the next three months, Milko Kovachev, Chairman of the Bulgarian State Agency for Energy and Energy Resources said after a meeting with the officials from the International Monetary Fu
Foreign Minister Passy met General Joseph Ralston, NATO's Supreme Allied Commander Europe in the framework of his working visit to Brussels. Ralston told Passy that he will write a positive report on Bulgaria’s progress and will present the report in the
British Prime Minister Tony Blair sent a letter to incumbent Bulgarian President Stoyanov on the occasion of his mandate’s enf. On November 11th, the Bulgarian people elected Socialist leader Parvanov to be the new Bulgarian President.
The Bulgarian Yogurt is now a Protected Designation of Origin in the EU
Bulgaria is in the Top 25 Countries with the Biggest Debt Slaves
