Sat, May 26 2012

Company Briefs

Fri, Feb 01 2008 18:00 CET

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ROCA IN SPAIN
On January 28, Roca Bulgaria said in a media statement that on January 25 in Barcelona, Roca Corporation signed a joint venture agreement with Cosmic Group (CG), by means of the acquisition of its 50 per cent capital. Spanish company Cosmic manufactures and markets accessories, furniture and other bath high-quality products. CG will be incorporated in the Roca bathroom products division. Currently Roca has factories in more than 20 countries selling its products in more than 125 countries. In Bulgaria the brand has a leading market position, while in Spain the company is the largest industrial investor.

THE BALTIC EXPERIENCE
On January 24, Aksedo Bulgaria held a seminar on the theme of operational programmes of European funds in Bulgaria - opportunities and challenges. At the event, held in Sofia's Military Club, leading economists from the Baltic region briefed Bulgarian business on European Operational Programmes financing opportunities. More than 80 local small and medium enterprises and eight industry organisations attended the event, as well as state administration officials including Deputy Minister of State Administration and Administrative Reform Maria Divizieva. They were told about the Baltic experience in absorbing European funds.

HUGE PROFIT GROWTH
State sea shipping company Navibulgare reached a net profit growth by 86.7 per cent to 35.1 million leva in 2007, IntelliNews agency reported on January 29. The higher profit is a result of time-charter and local market freights. Navibulgare revenues increased by eight million leva but the number of employees dropped by three per cent. Currently the company is into a process of privatisation, as previously reported by The Sofia Echo. The only bidder admitted to the final phase was German firm KG Maritime Shipping. At the beginning of January, the Privatisation Agency approved the bidder's request to extend the deadline for a final offer until February 19. Navibulgare net asset value shows the price of the 70 per cent stake should exceed 350 million euro.

REFUSE BURNING PLANT
US firm Crown International Incorporated (CII) expressed interest in building a factory for burning hazardous refuse, including biological, medical and toxic waste, near the north-western Bulgarian city of Vratsa. The plant will produce electricity, sand and metals as residual products. CII holds a global permit for pyrogenesis and specialises in burning and destruction of hazardous refuse, IntelliNews agency reported on January 29.

ACTAVIS CERTIFIED
Pharmaceutical company Actavis Bulgaria (AB), part of Iceland's Actavis Group, received a quality certificate for ISO 14001:2004 compliance from the UK Accreditation Service. The document concerns medicines and food additives production, and research and development activities with commitments to environmental protection. On the local market, AB shares leading positions with the Bulgarian Sopharma, IntelliNews agency reported.

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Appointments

Employment Agency

Employment Agency

Kamelia Lozanova has been appointed the executive director of the Employment Agency, a position she has held ad interim since September 2011, following the resignation of her predecessor Rossitsa Stelianova. Prior to that, Lozanova was the agency's deputy executive director in charge of international projects and European programmes. She has been with the agency for more than 20 years. Lozanova has a degree in Slavonic philology from the St Kliment Ohridski University of Sofia.

Uniqa

Uniqa

Gloria Dimitrova has been appointed executive director and member of the managing board at Uniqa Life Insurance Bulgaria. Dimitrova began her career in 1998 at the insurance supervision directorate, but moved to the private sector and worked for professional services and insurance brokerage firm Marsh&McLennan and US insurer AIG, both in Bulgaria and the Middle East. She joined Uniqa as regional director for Sofia in 2010. Dimitrova has a degree in economics from the University for National and World Economy in Sofia and a master's degree in insurance from the Business Academy in Svishtov.

Kamenitza

Kamenitza

Yassen Lyubenov is the new head of marketing at Bulgarian beer brewer Kamenitza. Lyubenov has 12 years of experience in marketing in the fast-moving consumer goods sector and has started his career as assistant brand manager at Kraft Foods Bulgaria. He later became brand manager at Wrigley Bulgaria, with responsibilities for Bulgaria and Macedonia. Prior to joining Kamenitza, he was senior marketing manager at Wrigley Russia, where he was in charge of brand expansion into Ukraine, Belarus, Central Asia and the Caucasus. Lyubenov has a bachelor's degree in international business administration from the University of Lincoln, UK.

Beiersdorf

Beiersdorf

Bedros Kalfayan, general manager of skin care and cosmetics company Beiersdorf Bulgaria, will oversee the parent's company units in Romania and Moldova starting April 1. Following company restructuring, Beiersdorf's subsidiaries in the three countries were merged and are now one unit, part of Beiersdorf Central and Eastern Europe. Kalfayan joined Beiersdorf in 2007 as sales manager and was promoted to general manager in 2008. Prior to that, he worked for Axxon Bulgaria, Ferrero and Rubella. Kalfayan has a master's degree in industrial management from the Technical University in Sofia.

Hewlett-Packard

Hewlett-Packard

Sasha Bezuhanova has been appointed Hewlett-Packard public sector director for emerging markets, where she will oversee HP public sector activities in 63 countries, including Bulgaria. Bezuhanova will also be in charge of HP's relations with the European Union. Bezuhanova has been HP's public sector director for Central and Eastern Europe since 2008; before that she was general manager of HP Bulgaria since 1998. Bezuhanova has a master's degree in electronics from the Technical University in Sofia and has completed a managment programme at INSEAD.

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