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ROSSEXIMBANK TARGETS CREDIT BANK

Rosseximbank intends to buy insolvent Credit Bank, insiders said. The negotiations are in progress and a preliminary contract has been already agreed, they added.

Business | May 28, 2001, Monday // 00:00

25 CRITERIA FOR MONEY LAUNDERING

The Bureau for Financial Investigation (BFI) has identified 25 criteria for dubious deals classified as money laundering. Traders in tobacco products, spirits and petrol are obliged to keep for five years information for all deals for Bulgarian levs (BGN)

Business | May 28, 2001, Monday // 00:00

MERRILL LYNCH NOT TO RECOMMEND BRADIES

Merrill Lynch investment bank does not currently recommend purchases of Bulgarian Brady bonds (Bulgarian foreign debt T-bills) due to the unclear political situation on the eve of the general elections, scheduled for June 17, 2001 in Bulgaria. The bank`s

Business | May 28, 2001, Monday // 00:00

FOREIGN DEBT DOWN BY USD 17 M

Bulgaria`s foreign debt was down by $16.9 M in April and by the end of the month totalled $8.

Business | May 28, 2001, Monday // 00:00

FOREIGN INVESTMENTS PER CAPITA USD 83

The annual foreign investment per capita were $83.32 during the 1997-1999 period in Bulgaria, a KPMG consultants report said.

Business | May 28, 2001, Monday // 00:00

HEALTH FUND SOON ONLINE

The National Health Insurance Fund is extremely satisfied with the developemnt of the information system in the fund, Dr. Boiko Penkov, its director, said at a press meeting.

Business | May 28, 2001, Monday // 00:00

MICROSOFT SENIOR VP ARRIVES IN SOFIA

Jean Philippe Courtois, Microsoft President for EMEA region and Senior Vice President, Microsoft Corp. arrives in Bulgaria June 21, was announced by Microsoft local office.

Business | May 27, 2001, Sunday // 00:00

SIMEON II REFUSED TO DISCUSS LIBYAN CASE

King Simeon II refused to meet Bulgarian foreign minister Nadezhda Mihailova to discuss the case with Bulgarian medics detained in Libya, Foreign Ministry press office announced. Earlier this month Mihailova asked the King, who lives in exile in Madrid an

Business | May 27, 2001, Sunday // 00:00

ZHELEV PRESIDENT OF THE BALKAN CLUB

Former Bulgarian president Zelju Zhelev was elected today president of the newly established Balkan Political Club in Sheraton Sofia. Many dignitaries from all over Balkans took part at the inauguration of the club, among them former Turkish president Syu

Business | May 27, 2001, Sunday // 00:00

PM VISIT TO MACEDONIA TIMELY

The visit of Bulgarian PM Ivan Kostov to Macedonia was very timely, Richard Miles, US Ambassador to Sofia, said. The crisis in Macedonia poses a problem, he added.

Business | May 26, 2001, Saturday // 00:00

BALKAN POLITICAL CLUB SET UP

Balkan Political Club was set up at a conference in Sofia. The club was initiated by the foundation of Bulgaria`s first president, Dr.

Business | May 26, 2001, Saturday // 00:00

MONARCH`S MOVEMENT RATING DOWN

The opinion polls rating of Simeon II National Movement is down by 10 percent, recent survey of Sova Haris agency said. A month ago the movement fetched 43.

Business | May 26, 2001, Saturday // 00:00

PRIVATE COMPANIES TO SUPPLY NATGAS

Private companies will be granted the supply of natural gas to final consumers in Bulgaria`s towns by 2002 under the updated energy strategy. The private suppliers will bid for the supplies in eight regions.

Business | May 26, 2001, Saturday // 00:00

UP TO TEN DIARIES COMPLY WITH SAPARD

Most likely up to ten diaries will be compliant with SAPARD standards, Nikolay Sabev, consultant under the EU programme, said. A major requirement is that diaries process at least five tonnes of milk daily.

Business | May 26, 2001, Saturday // 00:00

DRESDNERBANK CAUTIOUS ABOUT BULGARIA

Dresdnerbank ranked Bulgaria at the bottoms of the list of EU applicant countries in its last report. Bulgaria is last but one in terms of GDP and foreign investments per capita.

Business | May 26, 2001, Saturday // 00:00

PM PAYS VISIT TO MACEDONIA

Bulgarian Prime Minister Kostov paid a one-day visit to Macedonia. PM Kostov met President Boris Traikovski, Premier Luybcho Georgievski and the leaders of the two Albanian political parties, Arben Jaferi and Imer Imeri.

Business | May 25, 2001, Friday // 00:00

BULGARIA`S POSITIVE RATING CONFIRMED

Moody`s international rating agency confirmed its rating B with a stable outlook for Bulgaria. Standard & Poors and Fitch-IBCA, the two other international rating agencies, have awarded Bulgaria also B but with positive outlook.

Business | May 25, 2001, Friday // 00:00

OIL PIPELINE PROJECT DRAFTED

The drafting of the oil pipeline Burgas-Alexandroupolis project is initiated, Evgeni Chachev, Minister of Construction and Regional Development, said. The oil will be transported by tankers from the Russian town of Novorosiisk to the Bulgarian Black Sea p

Business | May 25, 2001, Friday // 00:00

BIDS FOR HEMUS AIR TO BE UPGRADED

The bids for state owned Hemus Air airline should be upgraded by May 28,2001, the Privatisation Agency (PA) said. PA put new requirements for the 51% of the air carrier.

Business | May 25, 2001, Friday // 00:00

ARIANA BREWERY LAUNCHES NEW ISSUE

Local Ariana brewery will launch a new issue of 238,144 non-voting shares priced Bulgarian levs (BNG) 1 per share. The paper will be traded at the free market segment of the Bulgarian Stock Exchange (Sofia)-BSE.

Business | May 25, 2001, Friday // 00:00

WATER CONCESSION PROCEDURE LAUNCHED

The procedure for granting a concession for the water supply system of the regions of Varna (Bulgarian Black Sea port) and Shoumen (Northeastern Bulgaria) were launched by Cabinet. The minimum investments requirement for Varna region is $64 M, and for Sho

Business | May 24, 2001, Thursday // 00:00