Sat, Nov 21 2009

Trakia Motorway has 115km pending construction which need to be completed within three years
Of the 10 projects halted by Phare, three have been completed and are currently in operation and the rest are under construction. 15 new projects await tender procedures by the end of April 2009
Bulgaria's Road Infrastructure National Agency suspended on December 30 2008 the tender for the construction of two sections of Trakia motorway. Thus the construction of the 36-kilometer stretch linking Nova Zagora and Yambol, and the 32-km road between Stara Zagora and Nova Zagora was postponed by an indefinite period.
The offers for parcels and real estate along the route of Trakiya highway have dropped by up to 90 per cent over the past six months, Monitor daily reported on December 12. The land plots along the highway are well placed for the construction of logistical centres, petrol stations, auto services, motels and road-side restaurants, with the most popular segments being located at strategic intersections with other highways or close to major urban centres, the daily said.
Bulgarian developer Glavbolgarstroy hired the Bulgarian office of Deutsche Bank to advise it in its bid to build Rila highway, Borislav Ivanov, the managing director of Deutsche Bank Bulgaria, said on March 5. The bank will help Glavbolgarstroy draw up its offer for the tender to build the highway section and help manage the project businesswise, as well as map out its financial parameters, according to the agreement signed a day earlier.
Bulgarian Trace Group, Patishta Holding and Glavbolgarstroy could be hired as subcontractors by the Bulgarian-Portuguese consortium picked to complete and operate the Trakia motorway under a concession arrangement, Regional Development and Public Works Minister Asen Gagauzov said on February 27, as quoted by Dnevnik daily. On December 16, 2004, the Government awarded the concession to Magistrali Trakia Jsc, a Portuguese-Bulgarian consortium, which has to build a 190km stretch and repair 162 km of the Trakia Highway, receiving in return the right to collect the road toll for 35 years. The total length of road, which runs from Kalotina on Bulgaria's border with Serbia to Bourgas on the Black Sea via Sofia, Plovdiv, Orizovo, Chirpan, Stara Zagora, Nova Zagora, Yambol, Karnobat and Aytos, is 433km. Only 293.5 km are operational now.
The European Commission (EC) recommended three amendments to the draft-contract for the concession of Trakia highway, Deputy Regional Development and Public Works Minister Savin Kovachev said. The amendments aimed at limitation of the possible risks of government expenditures that would be ranked as state aids, American Chamber of Commerce in Bulgaria edition Intellinews said. According to the
An annex to the contract for the construction of Trakia Highway was signed on April 26 by Regional Development and Public Works Minister Assen Gagauzov and a private Bulgarian-Portuguese Trakia Highway JSC Consortium. Bulgaria's Cabinet approved the annex in March. It transfered construction and traffic risks to the concessionaire, where 51 per cent of the equity capital was held by three private investors from
The Cabinet has set six ultimatums to the consortium that has to build Trakia Highway, connecting Sofia with Bourgas on the Black Sea coast. "We simply are sending these six ultimatums to the Portuguese consortium, and, depending on their response, the Trakia Highway will be finished or not," Deputy Minister of Regional Development and Public Works Savin Kovachev told national private television channel Nova
Three foreign companies were interested in Bulgarian Hemus highway, Regional Development and Public Works Minister Assen Gagauzov said as quoted by Darik Radio. Hemus highway would be given on concession according to new regulations. Bulgaria would launch an international tender for the planning and the construction of the highway, Gagauzov said. The total length of the highway would be 450
Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.
Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector
Kremikovtzi’s prospects for a recovery plan appear increasingly distant
Bulgarians are getting the hang of debit and credit cards, MasterCard says
The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.