The Privatisation Agency /PA/ and the Ministry of Defense are expected to appoint a new privatisation procedure for Khan Asparuh military repair works, Pari Daily wrote. No candidate turned up at the public tender for 80% of the enterprise's capital which
The profit of Post Bank has risen 30% for the first nine months of 2001, was announced at a meeting of the procurators of the bank's branches last week. The bank has extended a total of BGN 250 M credits, of which BGN 100 M to citizens and small enterpris
“American Standard, santaryware producer, plans the building of a third factory in Bulgaria in 2003,” Vassil Kunev, American Standard Director for Eastern Europe and Bulgaria, said. The condition is that its daughter companies Vidima and Ideal Standard in
`The Code of Criminal Procedure may be amended to make the remand in custody of offenders with 2 or more pending trials compulsory,` Interior Minister Georgi Petkanov said going in for an extraordinary meeting of the Cabinet on October 29. This regulatory
The Bulgarian Ministers assessed highly the work of the Saxe-Coburg Cabinet during the first 100 days since it stepped in power. According to them the fall of confidence in the Cabinet is normal, Info Radio reported.
Amendments to the Bulgarian Public Offering of Securities Act were drafted by Simeon II National Movement MPs. Shareholders will be able to authorize investment intermediaries to collect their dividend under the amendments.
The representatives of the International Monetary Fund (IMF) were not informed about the foreign debt restructuring, carried out by the government, IMF representative to Bulgaria Piritta Sorsa announced. According to the Bulgarian weekly Capital, in Septe
The sixth edition of BAIT Expo 2001, organized by the Bulgarian Association for Information Technologies (BAIT),opens on October 30 in the Sofia International Exposition Center. A record number of companies will participate with computers, software, inter
The salaries of the Bulgarian policemen should be at least BGN 1,000, Boyko Borissov, Chief Secretary of the Interior Ministry said on October 26, quoted by Standart Daily. According to him, the salaries will stimulate the policemen and will increase the
“The state set the bottom price for the privatisation of Bulgartabac Holding at USD 100 M”, Lyubka Kachakova, Deputy Economy Minister and President of the Board of Directors of the holding, announced on October 29. According to Kachakova the planned priva
The 2002 budget will earmark BGN 30 M for the gap in the Social Security Institute budget, caused by the introduction of tax relieves for employers paying the food of their employees, the Bulgarian Industrial Chamber announced. At the last sitting of the
The Bulgarian branch of the Russian oil company LUKoil became major sponsor of the Burgas football club Neftochimik. LUKoil however did not buy the club’s controlling stake.
“Bulgaria will introduce motorway tolls in 2006 or 2007,” Ivan Saev, Deputy Minister of Regional Development, said. During the negotiations with the European Commission on the transport policy, the Bulgarian Government will insist on a transition period f
The Bulgarian national carrier and Air Company Bulgaria may dispute about the trademark of the Balkan Airlines airline, Dnevnik Daily wrote. Air Company Bulgaria is newly established.
Main topic of the meeting of prime minister Simeon Saxe-Coburg with his ministers in the Tsarska Bistritsa residence during the weekend was European integration, foreign minister Solomon Passy said. It was a private meeting of all the ministers lunch time
“These are going to be the lowest taxes which have been imposed on Bulgarian business as a whole since 1990,” Nikolay Vassilev, Deputy Prime Minister and Minister of the Economy, said on Sunday. He added the highest level of the income tax would fall to 2
The public confidence in the new government plummeted rapidly by 20-25% since it took office. The data was announced on the Bulgarian National Radio by Boryana Dimitrova of “Alpha research” agency.
Muravey Radev, former Finance Minister, expects the negotiations of the Bulgarian government with the International Monetary Fund to collapse. “The failure could be avoided only if the Prime Minister Simeon Saxe-Coburg chairs personally the negotiations,”
The six sailors who were injured during the fire at the Bulgarian vessel `Han Asparuh ` in Novossibirsk are expected to return to the vessel from the hospital on October 29.
The Chairman of the Varna Municipality Council Steliyan Sevastiyanov was beaten very badly and seriously injured on October 27. The Police investigate the case.
The Bulgarian Minister of State Administration Dimitur Kalchev will meet the Romanian President Ion Iliescu on October 29. Kalchev is officially invited to visit Romania by his counterpart in Bucharest and the Euro-integration Minister.
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