Sun, Nov 22 2009
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The financial crisis that is rocking neighbouring Turkey has had little impact on the general economic environment in Bulgaria. However, at certain points where Turkish and Bulgarian businesses meet, the result has been nearly devastating. Celhart, a leading manufacturer of paper products in Bulgaria, owned by the Istanbul-based Isiklar Holding, is a striking example of this phenomenon.
Last week, Kraft Foods Bulgaria announced that it had completed the acquisition of Nova Brasilia coffee. The company acquired 100 per cent of the coffee business from IFJ SAL, a Beirut-based distributor, in a deal brokered by PricewaterhouseCoopers.
The financial crisis that is rocking neighbouring Turkey has had little impact on the general economic environment in Bulgaria. However, at certain points where Turkish and Bulgarian businesses meet, the result has been nearly devastating. Celhart, a leading manufacturer of paper products in Bulgaria, owned by the Istanbul-based Isiklar Holding, is a striking example of this phenomenon.
Last week, Kraft Foods Bulgaria announced that it had completed the acquisition of Nova Brasilia coffee. The company acquired 100 per cent of the coffee business from IFJ SAL, a Beirut-based distributor, in a deal brokered by PricewaterhouseCoopers.
The Bulgarian International Business Association (BIBA) is a non-governmental organisation that strives to represent the foreign investor community in its relations with the Bulgarian government. Supported by its highly reputed members, the organisation has contributed greatly to the positive economic developments in the country.
For the week ending April 6, the Bulgarian stock market finally reversed the negative trend of the previous two weeks through positive earnings from blue chips.
During the last week of March, the Bulgarian stock market remained in its depressed state, reflecting rumours that major listed companies would soon withdraw from the Bulgarian Stock Exchange - Sofia (BSE).
Last Friday, a number of non-governmental organisations and other institutions gathered for a round table discussion on the development of the Small and Medium-sized Enterprise (SME) sector in Bulgaria. The participants agreed that improved co-ordination between their respective organisations would spare valuable resources and channel their efforts in support of SMEs.
The American Chamber of Commerce (AmCham) in Bulgaria is a non-governmental organisation promoting relations between U.S. and Bulgarian business entities. Since its establishment in 1995, the membership of the chamber has grown rapidly and so has its influence on U.S.-Bulgarian economic ties.
During the last week of March, the Bulgarian stock market remained in its depressed state, reflecting rumours that major listed companies would soon withdraw from the Bulgarian Stock Exchange - Sofia (BSE).
Last Friday, a number of non-governmental organisations and other institutions gathered for a round table discussion on the development of the Small and Medium-sized Enterprise (SME) sector in Bulgaria. The participants agreed that improved co-ordination between their respective organisations would spare valuable resources and channel their efforts in support of SMEs.
The American Chamber of Commerce (AmCham) in Bulgaria is a non-governmental organisation promoting relations between U.S. and Bulgarian business entities. Since its establishment in 1995, the membership of the chamber has grown rapidly and so has its influence on U.S.-Bulgarian economic ties.
On Wednesday, the Bulgarian Ministry of Transport and Communications (MTC) presented its strategy for the development of the communications sector in the country until 2005.
Holderbank Financiere Glaris, a leading supplier of building materials, announced on Wednesday that it had increased its stake at Beloizvorski Cement, a major cement producer in Bulgaria.
The Road Agency, a unit of the Ministry of Regional Development, announced the introduction of highway tolls on Tuesday.
On January 12, 2001, the five-year term of the Securities and Exchange Commission drew silently to a close.
United Bulgarian Bank (UBB), a leading financial institution on the domestic market, announced its results for fiscal 2000 last week.
The Bulgarian National Bank's plans to introduce a Real Time Gross Settlement (RTGS) system drew closer on March 12, with the submission of bids from institutions interested in the contract.
Last Friday, representatives of Electricite de France (EDF), one of the world's leading power utilities, met with Ivan Shilyashki, chairman of the State Energy and Energy Resources Agency (SEERA). On the agenda was the signing of a protocol for co-operation between EDF and the agency, as well as privatisation in the Bulgarian energy sector.
The National Tourism Council (NTC), a consulting body composed of government institutions and industry representatives, convened on Tuesday to discuss the problems surrounding this year's summer season.
The Bulgarian National Bank's plans to introduce a Real Time Gross Settlement (RTGS) system drew closer on March 12, with the submission of bids from institutions interested in the contract.
Last Friday, representatives of Electricite de France (EDF), one of the world's leading power utilities, met with Ivan Shilyashki, chairman of the State Energy and Energy Resources Agency (SEERA). On the agenda was the signing of a protocol for co-operation between EDF and the agency, as well as privatisation in the Bulgarian energy sector.
The National Tourism Council (NTC), a consulting body composed of government institutions and industry representatives, convened on Tuesday to discuss the problems surrounding this year's summer season.
The European Bank for Reconstruction and Development (EBRD) is one of the international financial institutions which holds utmost importance to Bulgaria.
THE Parliament passed, on first reading, amendments to the Telecommunications Act last week. Nickolay Nickolov, chair of the Economic Policy Commission (EPC) of the Parliament, and Ivan Ivanov, member of the parliamentary group of the Union of the Democratic Forces (UDF), filed the amendments.
By the end of last year, Information Technology (IT) investors lost confidence in the quick recovery of the U.S. economy and started withdrawing their capital from the stock market. This lack of enthusiasm was recently manifested in the tech heavy NASDAQ composite that hit a two-year low.
By the end of last year, Information Technology (IT) investors lost confidence in the quick recovery of the U.S. economy and started withdrawing their capital from the stock market. This lack of enthusiasm was recently manifested in the tech heavy NASDAQ composite that hit a two-year low.
On Tuesday, the National Association of Small and Medium Enterprises (NASME) organised a round table discussion titled "The small business and the Bulgarian legislature" at Sofia's National Palace of Culture.
On Tuesday, the National Association of Small and Medium Enterprises (NASME) organised a round table discussion titled "The small business and the Bulgarian legislature" at Sofia's National Palace of Culture.
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