An order for the award of a public procurement contract for the modernization of Bulgaria’s MiG-29 fleet was signed on December 11 by Defense Minister Svinarov. The procedure of the award of the contract was initiated in pursuance of the Public Procuremen
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“Yasser Arafat pledged to fight terrorism and crack down on organizations that support it,” European Union foreign policy chief Javier Solana said after meeting with the Palestinian Authority president on December 11. Solana also met with leaders of Pales
Zacarias Moussaoui, a French citizen of Moroccan descent, is the first indicted for the September 11 terror attacks. He has been charged with conspiring with Osama bin Laden and al Qaeda to "murder thousands of people" in New York, Pennsylvania and at the
National Carrier “Balkan” rehabilitation plan will be carried out without foreign investors, Todor Simeonov, president of the Pilots Union said on December 12. After the company’s stabilization it will be sold to a foreign buyer.
Fifteen Bulgarian companies producing software set up an association – the Bulgarian association of software companies (BASC). The association will aim to boost productivity and promote innovation.
Imports of apples marked an increase in 2001, the Agriculture Ministry announced. The imported apples on the Bulgarian market are expected to reach 30,000 tons till the end of the year.
A fine of BGN 10,000 for using banned advertisement practices was imposed on Nestle Sofia by Bulgaria’s Fair Competition Commission. Nestle Sofia is the Bulgarian subsidiary of Swiss foods group Nestle SA.
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 Bulgarian Yogurt is now a Protected Designation of Origin in the EU
Bulgaria is in the Top 25 Countries with the Biggest Debt Slaves
