The US dollar hit a six months high against the Bulgarian lev (BGN) in the domestic currency market. On the eve of the four non-office days (between May 24 and May 28) dedicated to the Sts Cyril and Methodius, who created the Bulgarian alphabet, the Day o
Four Bulgarian airlines will undertake the charter flights for the tourist season, Mariana Assenova, Deputy Minister of Tourism, said after the sitting of the National Tourist Council. National air carrier, Balkan Airlines, will be servicing by Russian ma
The relative labour efficiency in Bulgaria, Latvia, and Romania is the lowest among the 13 European applicant countries, Eurostat, the statistical office of the EU, said. Labour efficiency in the applicant countries is 41% of the EU standard of the 15 mem
The economic reforms in Bulgaria should be continued after the general elections this June, the World Bank (WB) recommends. Under the best case scenario Bulgaria will be extended $750 M in credits by 2004.
Balkanpharma Holding will be granted EUR 21.5 M in credits under an agreement with the European Bank for Reconstruction and Development (EBRD).
Ambassadors from 16 EU and NATO alliance member countries were impressed by the foreign policy strategy of King Simeon II National Movement, which was presented at a working lunch at their invitation. Bulgaria should be the factor of stability in the Balk
The candidates for the general elections on June 17, 2001 of the Movement for Rights and Freedoms (MRF), party of the Ethnic Turks in Bulgaria, were registered in Blagoevgrad (Southwest Bulgaria). By the deadline-May 17, 2001, the MRF could not submit its
The transit of natural gas will reach some 18 bln. cubic meters in 2001, Kiril Gegov, Executive Director of Bulgargas, said.
The Constitutional Court rejected the claim of Prosecutor General against the text in the Election Act envisaging an immunity for the candidates for members of Parliament during the election campaign. Three of the members of the court abstained.
The situation in Macedonia is worsening and the concerns about deepening of the crises including a civil war in that country are deepening, Boiko Noev, Minister of Defence, said. Bulgaria categorically will not interfere in the conflict because such an ap
The European Union pre-accession program SAPARD for Bulgaria was officially initiated at the first sitting of the local supervisory committee for the implementation of the program. Agricultural projects under the program will be accepted as of June 1, 200
International tender for a strategic investor for Gorna Arda (Upper Arda) hydro-power cascade will be launched soon, Evgeni Chachev, Minister of Construction and Regional Development, said. Most likely the strategic investor will be chosen in the next six
Svetoslav Gavriiski, Governor of Bulgarian National Bank (BNB), was elected Chairman of the Board of Managing Directors of the Black Sea Bank for Trade and Development (BSBTD). The board will be supervising the bank`s operation by its next general assembl
There are many differences between the platforms of the Union of Democratic Forces and of the Simeon II National Movement, Ivan Kostov, Prime Minister and leader of the UDF, said. For us it is absolutely unacceptable that concepts from the program of the
Balkan Airlines, Bulgaria`s national air carrier, will carry out overhauls of aircraft, the company`s receivers said. They believe the operation will be profitable.
The platform of the Simeon II National Movement coalition includes Bulgaria joining NATO in the short term. The heads of teams on economics, foreign policy and law will be known on Monday at the first news conference with Simeon II`s participation since h
The German company Ibkol is interested in the airport in the Black Sea town of Burgas, which is the largest Bulgarian sea port. Ibkol is one of the bidders for the privatisation of the only state airline - Hemus Air.
The National Electricity Company (NEK) will invest Bulgarian levs (BGN) 11 million in Gorna Arda (Upper Arda) hydro-power cascade, Danail Tafrov, Executive Director of NEK, said. The investments will be utilised in 13 months for the construction of water
The international rating agency Standart&Poors has extended positive rating to Bulgarian Municipal Bank (MB). Currently MB avails of B + rating, which matches the rating of two large Bulgarian banks: United Bulgarian Bank (UBB) and Bulbank.
Magic Life chain has rented for 6 years Duyni Black Sea resort from the Bulgarian owner Jovanta International. The chain will introduce in Bulgaria the `all inclusive` standard, which will upgrade the quality of tourist services at Duyni.
Bulgarian President Peter Stoyanov called on the Central Electoral Committee (CEC) to re-consider its latest decision concerning the participation of Bulgarians living abroad in the general elections scheduled for June 17, 2001. CEC made a decision under
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