Sat, May 26 2012
Eight companies have filed offers for the construction of the section of Trakiya Highway between Nova Zagora and Yambol, their bids opened on October 2, but the price offers will be made public in November, Dnevnik daily reported. The winning bidder will have to complete the construction in two years, by 2011, the newspaper said.
Three bidders are Bulgarian and the rest foreign. The local bidders are the biggest three construction companies in the country - Holding Putishta, Trace Group and Glavbolgarstroy.
The trio have made their interest to work on Trakiya known in spring, when a Bulgarian-Portuguese consortium picked to finish the highway and administer it under concession for 30 years ran into trouble securing financing for the works.
According to National Movement for Stability and Progress MP Olimpi Kutev, the three Bulgarian companies would win the tenders because the requirements of the tender, launched in August, were drafted to give them an advantage and ensure that they win.
The foreign bidders are the Turkish company Dogus Insaat, which is currently building the section of the highway from Karnobat to Bourgas, as well as being picked to build a stretch of Sofia metro; Turkish firm Onur Construction International, which in 2002 built highways in Croatia and Ukraine; Austrian companies Strabag, best known in Bulgaria for the delays in the construction of Sofia airport's new terminal, and Alpine Bau; as well as Greek construction firm Aktor, which has experience working on large-scale projects from the time of the Athens Olympics.
The Government expects the construction of section between Nova Zagora and Yambol to cost about 340 million leva, about 300 million leva of which will be paid by the budget surplus for this year. The cost of each is estimated at about 4.8 million euro, double what the Bulgarian-Portuguese consortium offered in 2005.
Most of the money from the budget surplus, or about 200 million leva, are for the construction itself, while about 90 million leva will be used for alienation of land and repairs, said Yordan Mirchev, the chairperson of Parliament's transport committee, as reported by Dnevnik. According to the chief executive of the National Road Infrastructure Agency, Dimitar Ivanov, the agency was already experiencing difficulties expropriating lands.
Currently, tenders are announced for two parts of the section - from Stara Zagora to Nova Zagora and from Nova Zagora to Yambol. The total length of the section is 36 km.
The option to postpone the due date was contingent on securing 55 million euro for immediate repayment of the amounts loaned by Belgium's Dexia and Japanese bank Mizuho.
The Eurostat data agency said that unemployment reached 10.9 per cent in March, up from 10.8 per cent in February. The March figure translates to 17.4 million people unemployed in the euro zone.
Citing three separate sources familiar with the deal, Capital Daily reports that the creditors found offers submitted by three bidders unsatisfactory.
Eurobank EFG is left with a 30 per cent stake in the merged entity but has said it will exercise its put option on the remaining holding.
The narrow focus of many euro zone countries on fiscal austerity is deepening the jobs crisis and could even lead to another recession in Europe, said the Director of the ILO Institute for International Labour Studies and lead author of the report, Raymond Torres.

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.

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.

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.

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.

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.