Bulgarian
Industrial
Association |
BUSINESS INDUSTRY CAPITAL
Friday, 11 August 2000, Issue
230
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Daily on-line issue for financial,
industrial and corporate news
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Bulgaria
Financial news*
Privatization*
Companies
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Bulgarian
Industrial Association
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Business
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World
USA* Europe |
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BULGARIA
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Economic indicators
BNB Exchange Rates
(11.08.2000)
Main Interest Rate
(as of 02.08.2000)
3.48% |
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FINANCIAL
NEWS |
The chain index of the consumer's prices for
July as of June is 100.5 and the inflation is 0.5 per cent. The basic index
of the consumer's prices for July (estimated on the base of the average
prices for 1999) is 105.4 and the inflation is 5.4 per cent. This was announced
from the National Statistic Institute. The index of the consumer's prices
for July 2000 compared to July 1999 is 108.6 and for the period of January
- July 2000 compared to the same period last year - 109.5 per cent. The
inflation since the beginning of the year (July 2000 compared to December
1999) is 3.1 per cent. In July compared to June the prices of the food
products grew with 1.4 per cent, and the prices of the non-food products
dropped with 0.3 per cent.
Source: BTA |
Terms for
privatization offers
For
any additional information about the needed documents, business programmes,
securing of funds, investment consulting
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PRIVATIZATION |
Sipo Trading Ltd. is the preferred buyer of
New Workshop for Dicalcium Phosphate, isolated part of Agrobiohim
JSC - Stara Zagora, was reported from PA. The deadline for the signing
of the contract is September 8.
Source: BTA
The Supreme Court of Appeal initiated a lawsuit against the former
Deputy Minister of Industry Mr. Marin Marinov for violations of the Regulation
for evaluation of objects, which had to be privatized. The violations were
made in the period of May 1997 - November 1999 during the privatization
of Ribolovna
baza - Sozopol SP Ltd., Briz
SP Ltd., Ditronika - Petrich.
Source: Democracy |
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COMPANIES |
This year LUKoil
Neftohim JSC was at profit for the half-year. The profit amounts to
DEM 20.7 million, was announced by the Executive Director of the refinery
in Bourgas Mr. Vladimir Rakitski. A loss of DEM 79 million was registered
for the same period last year. Mr. Rakitdski claimed those results were
due to the good work and discipline in the plant and denied the statements,
that there was any social pressure in the enterprise. There are no fired
employees in the refinery and the average working salary is BGN 520.
Source: BTA
Steineker will invest BGN 2 million in the brewery Boliarka
JSC - Veliko Tarnovo. The new line of the German company will increase
the brewery's capacity with 30 per cent and will improve the quality of
Boliarka Beer, specified the Executive Director of the company Mr. Anton
Nenkov.
Source: Standart
The Sliven District Prosecutor's office initiated a preliminary investigation
against the Director of Fructo
JSC - Sleven Mr. Atanas Atanasov, his deputy Mr. Atanasov, the Chief
Accountant Mrs. Anka Vasileva and her deputy Mrs. Kalinka Tsvetkova. This
was announced by the Deputy Distruct Procurator Mr. Dimitar Genchev. They
are accused of documentational crime and misrepresentation of taxes. The
major owner of Fructo
JSC - Sliven is the Varna-based Fructex JSC and 25 per cent of the
capital is owned by the State.
Source: Pari |
Bulgarian Stock Exchange - Sofia - 10.08.2000
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BEIS
Rating
Agriculture
region: Yambol
Top 10 companies by Capital in BGN
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BULGARIAN INDUSTRY ASSOCIATION NEWS
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***
The company Carl Duisburg - Koeln in cooperation with the international
foundation St. st. Kiril and Metodi holds a competition for granting to
10 scholarships with duration of 9 months, connected with the programme
Management and preservation of the environment.
***
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WORLD
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Index for Stock Exchange
| Dоw Jones Industrial |
| 10908.76 |
(+2.93) |
| Nasdaq Composite |
| 3759.99 |
(-93.51) |
Stock Exchanges
| Commodity* |
Price |
| LIGHT CRUDE ($US/bbl.) |
31.20 |
| BRENT CRUDE ($US/bbl.) |
29.38 |
| HEATING OIL ($US/gal.) |
0.863 |
| NATURAL GAS ($US/mmbtu) |
4.47 |
| UNLEADED GAS ($US/gal.) |
0.925 |
| GOLD ($US/Troy Oz.) |
277.70 |
| SILVER (cents/Troy Oz.) |
492.00 |
| PLATINUM ($US/Troy Oz.) |
582.00 |
| HOGS (cents/lb.) |
55.45 |
| PORK BELLIES (cents/lb.) |
80.00 |
| LIVE CATTLE |
67.95 |
| FEEDER CATTLE |
86.05 |
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*prices as of 10 August, 2000 |
Europe
Guinness Peat, the finance group controlled by the New Zealand
entrepreneur Sir Ron Brierley, has built up a stake in the London Stock
Exchange and will campaign "actively" to stop its proposed merger with
Deutsche Bourse. It emerged on Thursday that GPG has been an active buyer
of LSE shares in the past three weeks and now owns 250,000 shares or just
under 1 per cent. It marks the first time a large shareholder in the stock
exchange has taken such a strong stance against the merger. Observers said
other opponents of the deal could now emerge with stakes bought since the
LSE's shares began trading on July 24. Sir Ron is one of the most controversial
corporate raiders of the last 20 years. GPG's emergence with a key stake
comes as the stock exchange seeks to persuade shareholders to back the
Deutsche Bцrse merger, which has attracted considerable opposition in both
the UK and Germany. Sir Ron also launched a fierce attack on the merger
plan, which would see the two exchanges combine their stock markets to
form iX. In a letter to the stock exchange, he argued that the "merger
of equals" terms significantly undervalued the LSE. He called for the removal
of shareholder restrictions and for a full listing for the LSE's shares.
GPG would try to force the stock exchange to pay a special dividend of
Ј10 a share "before any 'merger of equals' can be seriously contemplated".
Source: FT
USA
Dell Computer on Thursday turned in a fiscal second-quarter profit
that was slightly ahead of Wall Street's expectations on the strength of
an improved product mix and favorable component costs. The Round Rock,
Tex.-based company, the world's second-largest personal computer maker
and the largest direct seller of PCs, said its net income rose 19 percent
to $603 million in the period ended July 28, up from $507 million in the
same period last year. The company's second-quarter earnings per share
rose to 22 cents, a 16 percent increase from 19 cents in the comparable
quarter. That was one cent better than the 21 cents per share analysts
polled by earnings tracker First Call had expected. Revenue rose 25 percent
to $7.67 billion from $6.14 billion during last year's second quarter.
That was about $200 million lower than analyst estimates and Dell's internal
expectations. It also was below Dell's historical revenue growth rate of
30 percent, although Dell did achieve a margin improvement over the first
quarter.
Source: CNNfn |
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*This issue is not responsible
for the reliability of the published information. Such is to be attributed
to the mentioned sources.
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