United States Vice-President Dick Cheney has said that Iraq must never be allowed to threaten the US with weapons of mass destruction. In typically blunt language, Dick Cheney said in Washington that Iraq, under its leader Saddam Hussein, has gassed thous
US Defence Secretary Donald Rumsfeld has issued a bleak assessment that more terror attacks could happen at any time and could involve weapons of mass destruction. He told a meeting of Nato defence ministers that threats were real and urged the Western se
The Privatization Agency is expected to complete 349 privatization deals in 2002, involving sell-offs of 238 majority stakes, 21 minority stakes and 90 separate parts of large state-owned companies. The sell-offs completed in early 2002 has so far generat
German redtape is delaying the transaction of a Boeing aircraft, one of two leased by the Balkan Bulgarian Airlines from Lufthansa. The airplane was expected at Sofia Airport on June 6, but it is still at Frankfurt Airport.
The World Food Programme (WFP) has warned that 12.8 million people are on the brink of starvation in southern Africa and urgently need food aid.
The number of refugees in the world is steadily increasing according to a new report. The United States Committee for Refugees, a non-governmental organisation based in Washington, says the global refugee population rose to almost 15 million people in 001
The Japanese economy has emerged from recession, with its highest growth figures for two years. Gross Domestic Product grew at a rapid 1.
US President George W Bush has announced sweeping changes to the agencies charged with protecting Americans from terrorists. In a televised address to the nation, President Bush said the new Department of Homeland Security will co-ordinate policy on every
Bulgartabac Holding posted a 7,2 % rise in revenues for May over the same period last year or nearly BGN 3 M. The units of the Holding with the best performance was cigarette factory Bulgartabac BT, marking more than 22% rise in revenue to about BGN 3, 7
Kraft Foods Bulgaria, Germanos, Sony Bulgaria, Group 4 Securitas, Hilti, a Canadian and French companies are to move to a new business center to open June 14 in the outskirts of Sofia, Dnevnik Daily reported. Construction works at the site will go on till
A memorandum on cooperation under Cisco Networking Academy program was signed by Cisco Systems Bulgaria and the Finance Ministry at the first annual meeting for academic partnership at Sofia University. Under the memorandum Cisco Systems is to provide net
Rumen Yalnuzov, the new Bulgarian lawyer of the six medics in Libya, charged with intentionally infecting Libyan children with HIV, is still waiting for a permit from the Lybian Court. Bulgaria is working on the legalization of the lawyer, Justice Ministe
The leading Turkish industrial group Koc Holding in consortium with landline monopoly Turk Telekom plan a bid for the Bulgarian telecom monopoly BTC, the Executive Director of Ramstore Bulgaria, part of the Koc Holding confirmed. He added that tender docu
ProCredit Bank whose operation focuses on crediting micro, small and medium business in Bulgaria seeks further expansion of its main business. "An action plan is in place to boost SME-loan disbursements to 1000 loans per month.
Parliament approved on first reading the Banks Act, which envisages shareholders with 3 percent and over capital in the bank to inform the central bank (Bulgarian National Bank) for the origin of the funds and the capital transfers. The amendment to the a
Bulgaria’s second GSM operator Globul expects the number of it subscribers to reach half a million at the beginning of next year, which is twice more than the company’s 270,000 subscribers at the beginning of June. At the beginning of 2003 the company, ow
Pakistan President Pervez Musharraf declared on Thursday he won't start a war with India as diplomacy appeared to be making some head way in averting war between the nuclear-armed foes. "President Musharraf has made it very clear that he is searching for
The Council of Ministers approved at its regular Thursday meeting the budget framework for 2003 – 2005. The bulk of non-interest budget payments in 2003-2005 will be made for social welfare, economic activity and services, defence and security, health car
Russia’s gas company Gazprom plans expansion of its activities on the Bulgarian market, it emerged after a meeting of representatives of the company with Bulgaria’s President Parvanov. The Russian monopoly seeks the state support to set up joint ventures
Former President Petur Stoyanov assured Nadezhda Mihaylova, leader of the Union of Democratic Forces, that his attitude towards corruption has not changed. At the meeting, during which UDF stand on the reforms in the judicial system was presented, Stoyano
The Council of Ministers approved the annual financial agreement under the SAPARD program. The grant aid for Bulgaria under SAPARD amount to EUR 55 M, the funds have to be used by end-2003.
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