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29 07 2010 |
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Natural gas prices in Bulgaria will go down in the fall of 2010 as a result of extraction from three new deposits discovered by UK-based company Melrose resources.
The three new natural gas deposits – Kaliakra, Kavarna, and Karvana East – are located in the very northeast of Bulgaria, in the Black Sea off the Kaliakra Cape.
The discovery of the new deposits was announced Wednesday by Bulgaria’s Economy Minister Traicho Traikov together with the CEO of Melrose David Archer and UK Ambassador to Bulgaria Steve Williams.
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29 07 2010 |
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The CEO of Vorskla Steel Bulgaria, Viktor Demyanyuk, declared at a press conference Wednesday that the company is still interested in purchasing the Bulgarian obsolete steal mill Kremikovzi.
The Ukrainian Vorskla Steal, related to billionaire, Konstantin Zhevago, will take part in the public tender for the mill's sale despite the fact the latter is “a jalopy with the price of a Mercedes,” according to Demyanyuk.
The CEO insists his company, which has been declared insolvent, has money for the purchase, but wants first to check...
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29 07 2010 |
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Two more Bulgarian exporters have unveiled steady growth in sales. Fertiliser maker Neochim posted a 71% rise in turnover, and timber products maker Lesoplast recorded a 25% increase. Lesoplast said its sales soared almost 25% for the first half of the year to BGN 17.2 million thanks to resuscitated demand and stabilising plywood prices on foreign markets. Neochim’s 71% rise in sales between January and June, to BGN 86 million, is half of the figure reached for the first six months of...
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29 07 2010 |
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The indices of the Bulgarian Stock Exchange (BSE), which have been groping for direction this week, were painted green on Wednesday but turnover was just BGN 600,000.
SOFIX of the blue chips moved ahead by 3.82 points, or 1%, to 362.65. The broader BG40 also added 1% to finish the session at 103.96 points. BGTR30 of the stocks with the highest market capitalisation and liquidity inched up 1 points to 273.68, an increase of 0.4%. Only the sector index BGREIT closed in negative territory, off to 38.34 points.
First Investment Bank...
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28 07 2010 |
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Lufthansa Technik Sofia, a joint venture between Germany’s Lufthansa Technik and the Bulgarian Aviation Group, announced it will invest in the construction of new facilities for aircraft overhaul and maintenance near Sofia Airport.
The company, which has served so far 40 planes of more than 20 airlines in Europe, the Middle East and Northern Africa, said it has been flooded by orders and will accept no more by the end of 2011.
Another 35 aircraft will be serviced over the next 17 months.
The maintenance, repair, and...
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