Sat, Mar 20 2010

Business Briefs

Mon, Sep 19 2005 02:00 CET 128 Views

Record low

· UNEMPLOYMENT stood at 10.77 per cent in August, the lowest rate in over nine years, the Employment Agency said on September 9. Jobless people that month totalled less than 400 000. Between July and August, unemployment dropped 0.17 percentage points and the number of jobless persons decreased by more than 6000. Year on year, unemployment dropped 1.17 points and the number of jobless people decreased by more than 43 000.
The decline in unemployment resulted partly from the implementation of job creation programmes and measures. National programmes created additional jobs by setting up emergency teams to mitigate the effects of recent floods.

 

Nova Plama

· A MEETING on September 9 of creditors of Pleven-based bankrupt oil refinery Nova Plama decided that the company would be fully sold. It can be sold in parts only if there are no buyers, Judge Silvia Krusteva of the Pleven District Court said. Principal creditors include the State Receivables Agency, seven banks, Bulgargaz and the National Electric Company. The court reopened bankruptcy proceedings on July 19, when it declared the company bankrupt, imposed attachment on its property and terminated the powers of the governing body. The oil refinery had failed to discharge its obligations under a rehabilitation plan of 1998.

 

Challenging competition 

· MANY of Bulgaria's largest construction material traders have created the Bulgarian Construction Markets (BCM) joint stock company as an answer to the expansion of non-native home improvement companies Praktiker and Mr Bricolage, media reported on September 9. BCM, which will be marketed as a brand on the market, consists of 26 independent retailers with a combined 130 outlets across the country and more than 40 in Sofia alone. BCM will start the construction of a hypermarket towards the end of 2006, Toshko Totev, chairman of the managing board of the new company, said.

 

Institution appointment

· THE Cabinet on September 8 appointed Finance Minister Plamen Oresharski to serve as the representative of Bulgaria in five international institutions. These include the International Bank for Reconstruction and Development, the International Finance Corporation, the Multilateral Investment Guarantee Agency, the International Centre for Settlement of Investment Disputes and the European Bank for Reconstruction and Development.

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Appointments

Piraeus Bank

Piraeus Bank

Pepi Ivanova has joined Piraeus Bank Bulgaria as its news press office manager. She will be responsible for the bank's corporate communications and media relations and its subsidiaries - Piraeus Leasing Bulgaria, Bulfina, Piraeus Auto Leasing, Piraeus Insurance Brokerage and Piraeus Best Leasing. Ivanova has 10 years' experience in public relations and banking. She started her career as an associate at the NGO Center for the Study of Democracy and later became an economics journalist at Trud daily. She has also worked as a client service specialist and credit administrator at United Bulgarian Bank. Before joining Piraeus Bank, Ivanova spent seven years working for Globul mobile operator. She has a master's degree in philosophy and journalism from Sofia University St. Kliment Ohridski and a post-graduate degree in banking from the University for National and World Economy in Sofia. Ivanova also holds a diploma from the London School of Public Relations.

Overgas

Overgas

Valeria Vidinlieva is the new HR manager of Overgas natural gas suppliers. She will be responsible for the company's corporate social responsibility and for selection and training of staff. She joins the company after 24 years at Stomana Industry metallurgic firm, now part of the Greek Viohalco, where she headed the HR directorate. Vidinlieva is a graduate of Sofia's University of National and World Economy and has a degree in HR from Paisii Hilendarski University in Plovdiv.

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