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Business
24-07-2008 16:03
Cartel Arrangements in the Bakery Business
The Commission for Consumer Protection fined 3 baker's and confectioner's associations for setting prices of the products offered and limiting the market competition. The Commission has started a legal procedure in July 2007 in connection to the numerous messages in the media about a huge bread price increase.After an investigation it has been determined that the associations play an active role in the formation of price expectations and forecasts on the bakery market in Bulgaria, the Commission specifies. още »
05-11-2008 12:44
The financial crisis delays the privatization of hospitals
There will be no privatization of hospitals by the end of the year. This was forecasted by the economist from "Open Society" Georgi Angelov, cited by BNR. Bulgaria's reputation on privatization is not good and elections are coming next week, Angelov motivated his arguments.He reminded that up to now the state has not concluded a successful privatization, which has left a wrong impression with people. още »
05-11-2008 10:15
US trade chamber in Bulgaria discusses the elections
The American trade chamber in Bulgaria organizes a business-discussion with the ambassador of the United States Nancy McEldowney on the results from the US presidential elections.The American trade chamber in Bulgaria supports the development of the business of its over 300 companies – members, by creating environment for contacts between them, mediating their dialogue with the government and developing the economic ties between Bulgaria and USA. още »
05-11-2008 09:22
“Kremikovtzi” celebrates 45th anniversary
Today the Bulgarian metallurgic enterprise “Kremikovtzi” marks 45 years since its opening in 1963. From March 1953 to June 1957 a series of systematic investigations of the Kremikovtzi iron field are conducted by the Chief directorate for geological and mine research. On 19 July 1958 an agreement is singed with the USSR for technical support to Bulgaria for the construction of a metallurgic plant and other industrial enterprise and buildings. още »
04-11-2008 17:20
KBC CEO: We have no intention of drawing funds from Bulgaria
We have no intention of drawing funds from Bulgaria, in order to transfer back to Belgium, we will continue our policy in the country as usual, Andre Bergen, Chief Executive Officer of the big Belgium bank group KBC, said in a special interview for BTA (Bulgarian Telegraph Agency). This was his answer to the emerging comments that Western banks, experiencing difficulties because of the financial crisis, which have acquired assets in Bulgaria and other countries in Central and Eastern Europe might start to draw funds from their subsidiaries in the region. още »
04-11-2008 16:21
Trade boom with the EU
The number of firms in Vratza municipality, which trade with the European Union has increased by 200. This was revealed after a comparative analysis of firms, submitting VIES declarations from the beginning of the year up to now, the National Income Agency announced.Now these firms are 2 041, while in January they were 1 841.VIES declarations are submitted every month by the 14th by firms, registered according to the VAT law. още »
04-11-2008 15:48
Sofia wants 105 M EUR from Europe for the subway
A delegation of Sofia municipality is in Luxembourg to negotiate a 105-million euro credit from the European investment bank. “The money is needed for the construction of the subway – the section from 'Mladost' district to the Inter Expo Center”, said vice-mayor Minko Gerdjikov. The aim is the construction of the section for which an investor has been chosen to start immediately. още »
04-11-2008 11:26
“Kremikovtzi” dies away in 25 days
In 25 days “Kremikovtzi” could be totally stopped if in 2-3 days an operator or candidate does not acquire the company and does not save the technological scheme of “Kremikovtzi”. This claimed at a press conference the operative executive director of the Bulgarian metallurgic enterprise Plamen Stoyanov. By the end of this or the beginning of the next week, it will be clear what the future of “Kremikovtzi” will be, added Stoyanov. още »
04-11-2008 11:00
Pessimism on Bulgarian stock exchange
Today again the pessimistic mood dominates on the Bulgarian stock exchange (BSE). SOFIX and BG30 are negative, with the more than 4% reduction in the index with the blue chips. BG-40 marks a minimal growth, while BGREIT has no change. The shares of Chimimport are actively traded. The session today started well for the shares of Ograchim, Lead-zinc complex, Kaolin, Sopharma and others. още »
03-11-2008 12:22
Bulgaria is the next victim of the crisis
The major candidates for the next strike of the world financial crisis are Croatia, Romania, Bulgaria, Serbia and the Baltic countries. This is written in an analysis of the American agency Stratfor. Croatia is especially vulnerable to a crisis because of the enormous budget and trade deficit and the big dependence on credits in foreign currencies. Except for Croatia, the other candidates for a crisis are Romania, Bulgaria, Serbia and the Baltic countries. още »
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