Sun, Nov 08 2009

Bulgarian Moststroi predicts 50 million leva revenue for 2009

Mon, Mar 30 2009 14:55 CET 846 Views
Bulgarian Moststroi predicts 50 million leva revenue for 2009

Bulgarian bridge construction company Moststroi AD envisages 50 million leva revenue generated from construction, installation and maintenance projects for 2009, an official statement from the company revealed, as presented through a bulletin by Investor.bg

The forecast is based on calculations accumulated from confirmed orders and projects that have received approval and are pending to commence construction.

Last year, Moststroi predicted revenue worth 47 million leva, while it actually realised non-consolidated revenue of slightly more than 22.7 million leva.

"Last year's negative economic influences affected all companies in the sector, Moststroi included. Complications therefore emerged with processing structural funds from the European Commission. Numerous infrastructure projects were either halted, or scrapped altogether, hence the company did not realise its revenue figures," said a Moststroi spokesman, as quoted by Investor.bg

Moststroi has direct investments in the capital involving six other companies in this particular industry branch.

The net unconsolidated profit for 2008 amounted to 143 000 leva, a substantial increase over the net profit for 2007, which was 5153 leva.

Currently, Moststroi's shares are down 5.6 per cent in value, valued at 2.35 leva.

Write comment

Name:Comment:

Generate new code
Send your comment
Danube Bridge 2 construction to bring 60M euro boost for Vidin

About 60 million euro will be invested directly in the regional economy of Vidin region in northwestern Bulgaria during that Danube Bridge 2 is being built to link the town to Calafat in Romania, weekly Stroitelstvo Gradut reproted. The direct investments will come as building materials, fuels, equipment, machinery, manpower and their kit. The bridge itself and the adjoining its infrastructure, including works on the Romanian side, is 274 million euro, of which 226 million are on the Bulgarian side.

Construction chamber seeks preferential treatment under EU programme

Only Bulgarian contractors should be hired for public procurement jobs funded under the European Union's operational programme for environment, Simeon Peshov, chairperson of the Bulgarian Construction Chamber and president of construction company Glavbolgarstroy, said on July 9 at a meeting with Environment Minister Djevdet Chakurov and the national association of municipalities. The biggest chunk of funding under the programme, some 1.4 billion leva, is earmarked for the construction of wastewater treatment plants.

SECOND BRIDGE IN BULGARIA'S KRIVODOL READY

The second bridge over the river Vurteshnitsa in Bulgaria's Krivodol was ready, Focus news agency said. Construction was necessary after floods in 2004, which cut off the only connection between the two parts of the town of Krivodol. The only bridge in Krivodol was damaged in the flooding, limiting movement across the river, Focus news agency said. The use of the bridge by motor vehicles was reduced to a minimum out of fear it would collapse.

Bulgaria's second Danube bridge open for bidding

Five companies have been invited by the Transport and Communications Ministry to participate in the tender for the construction of the second Bulgarian bridge over the Danube River. The ministry invited to compete a joint venture between Germany's Hochtief, Spanish builder Obrascon Huarte Lain (OHL) and Spain's FCC. A consortium between France's Vinci and Bulgaria's Glavbolgarstroi and

More in this category

Bulgaria unemployment rate reaches 8.23% in October

Seven thousand people lost their jobs in October, labour minister says

EasyJet offers 30% promotional discount on all destinations

Once the promotional tickets are purchased during the discount window, they will be valid for the period January 4–March 30 2010

Long awaited repairs

Flannagan’s will be replaced by a French brasserie as part of a 10 million euro Radisson renovation

Mobile operator Globul reports 8.1% revenue drop in Q3

Globul has accumulated a profit of 139.1 million euro for the period January – September 2009, or a 0.3 per cent drop as opposed on last year’s results

Plotting the course

After 100 days in office, Finance Minister Simeon Dyankov pinpoints 10 key issues for Cabinet in ‘the next 100 days’