[1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [16] [17] [18] [19] [20] >> Business: Realization of Belene NPP will be delayed by 1-1,5 years Town of Belene >> Wednesday, 2009-10-28 14:35 Source: Focus Agency The realization of Belene NPP project will be delayed by a year or a year and a half as a result of German RWE`s decision to give up on the project, the upcoming competition for a consultant and project`s restructuring. It is still unclear whether project`s executor AtomStroyExport will file any compensation claims. Galina Tosheva, executive director of the Bulgarian Energy Holding (BEH), commented that the change will give a change for reexamination of project`s concept and groundwork.
Business: Laid offs in glass factory Rubin JSC Pleven City of Pleven >> Monday, 2009-10-26 11:06 Source: Darik Radio About 100 workers of the glass factory Rubin JSC in Pleven will be laid off in the next month, Svilen Yankov, Director of the Labor Office in the city said. Still there is no official letter sent by the company. It is expected the workers to receive one-month notices about the forthcoming dismissals in November. However, according to Yankov, it is not necessary exactly 100 people to be laid off. Sometimes there are companies that declare more cuts, but subsequently discharge fewer workers Business: BG Companies made new deals with Chinese firms for USD 850 million City of Sofia >> Friday, 2009-10-16 04:00 Source: Darik Radio Sofia . Six Bulgarian companies made deals with Chinese firms Thursday worth a total of USD 850 million. The contracts were signed during a ceremony at Bulgaria’s Council of Ministers in the presence of Bulgaria’s Prime Minister, Boyko Borisov, and the Vice President of China, Xi Jinping. Aurubus Bulgaria AD ( Pirdop ) and China Minemetals Development Co. singed a deal for the purchase of electrolytic copper worth USD 800 million. Bulgaria Litex CO and Great Wall Motor Sharing signed a shareholders...
Business: Heating utility firms in Sofia, Vratsa, Pleven and Burgas may face gas cut City of Sofia >> Wednesday, 2009-10-07 09:00 Source: 24 chasa The heating utility firms in the cities of Sofia , Vratsa , Pleven and Burgas may face gas cut if they do not pay their debts to Bulgargaz. I will not let the gas supply as we cannot pay in advance the gas to the Russians , said Dimitar Gogov, head of the state-owned gas monopoly. We sent letters to the heating utilities months ago alerting them about the possible gas stoppage . The total debt is over BGN 175 mln as BGN 30 mln are instantly exigible. Heat Supply- Burgas , Heat Supply- Pleven an... Business: Ruse-based Orgachim JSC closes subsidiaries in Serbia, Ukraine and Italy City of Rousse >> Monday, 2009-08-31 09:25 Source: Pari Daily The supervisory board of Ruse -based Orgachim JSC has made the decision to close down its subsidiaries in Serbia, Ukraine and Italy with the aim to decrease losses and optimise business. The Bulgarian paint and varnish manufacturer booked a BGN 723,000 consolidated loss for the first half of 2009, compared to a BGN 3 million profit a year ago. The net sales income stood at BGN 52.2 million, down 23% year on year. Despite the closure of the subsidiaries, Orgachim`s operations report states that the esti...
Business: Svishtov-based Sviloza with loss of BGN 4.1 mln in the Q2 of 2009 Town of Svishtov >> Friday, 2009-08-28 09:55 Source: econ.bg Svishtov -based Sviloza reported a consolidated loss of BGN 4.1 mln in the second quarter (Q2) 2009, which totaled the loss for the first half of 2009 to BGN 7.9 mln. Recently the company shut down several operations and laid off 250 employees. The loss in the first half of last year was over BGN 4.5 mln. Sviloza has not production in the second quarter of 2009 and has output in stock. The installations of the subsidiary Svilotsel were shut down on Feb 4, 2009. Consolidated sales slumped 75 percent ... Business: Veliko Tarnovo-based Momina Krepost factory with BGN 176 thousand profit Town of Veliko Turnovo >> Friday, 2009-08-28 09:30 Source: Yantra - Veliko Tarnovo The Veliko Tarnovo -based factory for medical disposable products made profit of BGN 176 thousand for the first half of the year. The growth, which Momina Krepost JSC reported, is 274 percent compared to the same period of the last year The increase of profit comes despite the decline of 7 percent of sales revenue, which amounted to BGN 2,5 million. The positive result is due to strict anti-crisis program, we started to realize from the beginning of the year and the cheaper raw materials which we bought,... Business: BauMax opens store in Sofia. Soon in Varna, Pleven and Ruse City of Sofia >> Wednesday, 2009-08-26 04:11 Source: Dnevnik.bg Austrian DIY chain bauMax will open three more hypermarkets in Bulgaria, said Nicola Szekely, executive director of bauMax Bulgaria. The new outlets will pop up in Varna , Pleven and Ruse . Yesterday the company cut the ribbon its flagship Sofia store, taking its local network to four units with a combined area of 36,500 square metres... Business: Svishtov-based Slancho JSC with positive indices for 1st half of 2009 Town of Svishtov >> Friday, 2009-07-24 09:50 Source: Investor.bg Growth rate of Svishtov -based Slancho JSC`s sales in the first six months of the year is 14.3% to BGN 2 mln. Sales of the company increased 33% in the first quarter YoY to BGN 1 mln. Profit for the first half of 2009 is BGN 728 thous as compared to a profit of BGN 337 thous in January-June 2008. The Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA) is BGN 817 thous as from BGN 407 thous a year earlier. Profitability of EBITDA increased to 39% from the 22% in the same period t... Business: Bulgartabac Pleven reported a loss of BGN 807 000 for 1st half of 2009 City of Pleven >> Friday, 2009-07-24 09:30 Source: Darik Radio Pleven -Bulgartabac JSC reported a loss of BGN 807 thous in the first half of 2009. The same period last year ended with a loss of BGN 605 thous. Sales income fell 38 percent to BGN 5.66 mln. Operation costs decreased significantly. In the January-June period of 2009 it was BGN 9.761 mln, while in the same period a year earlier it was BGN 6.491 mln. Pleven -Bulgartabac JSC is specialized in the purchase and processing of big-leaved and oriental tobacco. The management of the company has prepared a busin...
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