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Daily on-line issue for financial,
industrial and corporate news
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| ISSN 1311-364X |
Published
by Bourse Information Company Capital Market Ltd. |
Bulgaria
Financial news*
Privatization*
Companies
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Bulgarian
Industrial Association
news
Business
*
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World
USA* Europe
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BULGARIA
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Economic indicators
BNB Exchange Rates
(12.04.2000)
Main Interest Rate
(as of 12.04.2000):
3.60%
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FINANCIAL
NEWS |
The currency reserves of BNB decreased with
USD 173,4 million in January. The reason is in need of financing the negative
balance of payment s of the country with - USD 154,4 million through the
first month of the year, reported from BNB.
Source: BTA
USAID (US Agency for Intenational Development) extended a credit of
USD 1,2 million for purchase transport technology of Chief Roads Department,
BDZ
and Varna
Port JSC.
Source: 24 Hours |
Terms for
privatization offers
For
any additional information about the needed documents, business programmes,
securing of funds, investment consulting
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PRIVATIZATION |
The Privatisation Agancy (PA) sold 51 per cent
of Energoremont
Plovdiv JSC for BGN 749 000 to the MEBO Hidroenergoremont JSC
- Plovdiv. The new owner has to invest BGN 124 000 and to keep 80 workplaces
in the next three years. 35 per cent of Energoremont
Plovdiv JSC are held by Energoremont
Holding JSC.
Source: BTA
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Bulgarian Stock Exchange - Sofia
11.04.2000
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COMPANIES |
The sale of the information memoranda for asset-stripping
of Vidahim
SPJSC /in liquidation/ started. The deadline for buying the information
is April 28th 2000, reported the Ministry of Economy.
Source: 24 Hours
Balkancar-In
Ltd may invest USD 5 million money in circulation in the announced
for privatization companies from pool Balkancar. This was reported at a
press conference by Mr. Stefan Dossev - the Director of the company which
at the moment negotiates with the Association for Privatization for the
sale of companies included in pool Balkancar. The American company WSG
Holding also negotiates with PA. The latter will choose the buyer of the
pool. Shareholders in Balkancar-In
Ltd are Elma
JSC - Troian, Dinamo
Sl JSC-Sliven, Beroe
JSC-Stara Zagora and Electra
JSC-Harmanli and they own 25 per cent from the company. AKB Corporation
is a major shareholder in the 4th companies with more than 50 per cent
capital in each of them. Balkancar
In Ltd has contracts for export with Russia and the moment the shareholders
exports in USA, Germany, France, Italy and Portugal. At the first quarter
of this year the company reported a profit of BGN 220000.
Source: BTA
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BEIS
Rating
Machine-building and metal-working industry
(incl. reserve parts) in Vratza region
Top 10 companies
by capital
for 1998/BGN
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BULGARIAN
INDUSTRIAL ASSOCIATION NEWS
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***
The Deputy Prime Minister and Minister of Economy Mr. Peter Zhotev will
chair on Bulgarian side the inter-government Bulgarian - Syrian
commission during the mission of Bulgarian
Industrial Association (BIA) in Damask which will take place on
May 5th-10th, 2000.
***
Specialised training courses, organised according
to the programme of the joint project SIMEST-BIA, will be carried
out on 11 and 12 April in Dobrich, hotel "Bulgaria", within the framework
of EXPO 2000 Dobrich, and on 13 April in BIA, Sofia.
Topics of the training courses conducted by SIMEST
lecturers:
- Italian market and characteristics of the Italian
small and medium sized enterprises;
- Requirements of the Italian investors towards
the Bulgarian partners. |
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INFORMATION TECHNOLOGIES
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| WORLD |
Stock markets indexes
| Dоw Jones Industrial |
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11287.08
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(+100.52)
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| Nasdaq Composite |
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4055.90
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(-132.30)
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Commodity exchanges
| Commodity* |
Price |
| LIGHT CRUDE ($US/bbl.) |
24.15 |
| BRENT CRUDE ($US/bbl.) |
21.83 |
| HEATING OIL ($US/gal.) |
0.637 |
| NATURAL GAS ($US/mmbtu) |
2.95 |
| UNLEADED GAS ($US/gal.) |
0.755 |
| GOLD ($US/Troy Oz.) |
283.80 |
| SILVER (cents/Troy Oz.) |
514.00 |
| PLATINUM ($US/Troy Oz.) |
475.00 |
| HOGS (cents/lb.) |
73.30 |
| PORK BELLIES (cents/lb.) |
92.80 |
| LIVE CATTLE |
69.27 |
| FEEDER CATTLE |
84.75 |
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*prices as of 11 April, 2000 |
Europe
Nokia of Finland, Motorola of the US and Ericsson of Sweden on Tuesday
unveiled an alliance designed to accelerate the development of mobile
commerce. The three manufacturers, which control more than 50 per cent
of the world market for mobile handsets, said they were planning a world
m-commerce standard that would allow safe credit card payments using mobile
phones. The market for business conducted over mobile phones and other
handheld devices is expected to generate revenues of between $13bn and
$28bn in Europe alone by 2002.
The three partners said they were joining forces to prevent a proliferation
of standards that would confuse customers and delay the global adoption
of mobile commerce. The partners said they would make the standard freely
available to other manufacturers and players in the m-commerce market.
The new standard would make it possible to buy goods and transfer money
and would replace credit cards, identity cards and loyalty cards, he said.
Source: FT
USA
The planned three-way merger between aluminium companies Alcan of
Canada, Alusuisse of Switzerland and Pechiney of France was on the
brink of collapse on Tuesday night, it is understood. Attempts to salvage
the $15.8bn tie-up after it hit regulatory hurdles are believed to have
fallen apart over disagreements about which assets should be disposed to
satisfy antitrust concerns. A break-down of the deal could affect consolidation
in the industry worldwide, potentially prompting a new series of mergers
and acquisitions if the three companies involved have to look for new alliances.
Viag of Germany has indicated that its VAW aluminium business is a candidate
for disposal.
It could also affect regulators' treatment of other deals in the industry,
such as the merger between Alcoa and Reynolds Metals which is awaiting
regulatory clearance in Europe and the US. An announcement confirming the
end of negotiations on the three-way alliance is expected before the end
of this week, but some people familiar with the discussions hope the deal
can be rescued.
Source: CNNfn |
*This issue is not responsible
for the reliability of the published information. Such is to be attributed
to the mentioned sources.
For advertisements and more
information please contact:
Bulgaria, Sofia, 16-20 Alabin
Str., tel. (+359 2) 9801091, fax (+359 2) 9814567, mail: bic_office@bia-bg.com
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