Gasoline prices are expected to drop by BGN 0.04-0.05, after LUKoil Neftochim Burgas reduced fuel producer prices this night. The reduction will be a little over 4 per cent for all types of gasoline. The price of diesel fuel will be decreased with 3.83 per cent and the reduction for eurodiesel is with 4.72 per cent.
Source: Standard 

A new residential complex will be built in Sofia. The district will be called Aristocrate and the exclusive rights for its sale are held by the company for real estates Address. The object is in initial phase of construction and is situated in villa zone Simeonovo – Dragalevtzi. By the end of November has to finish the construction of the first three houses and in the spring, 2004 the whole project has to be finished. The whole district will be situated on an area of 6.2 thous. sq. m. The sale prices are EUR 700 per square metre without VAT included. Investor in Aristocrate is Feboss Ltd.
Source: Dnevnik 

Kauffland, the German chain of stores, is planning to invest around EUR 120 million over the coming 5-6 years in Bulgaria in construction of hypermarket chain. This was announced by the company's Expansion Manager Mr. Veselin Toshev. They intend to build some 25-30 stores. So far, the company has bought three pieces of land in Plovdiv, Haskovo and Yambol.
Source: Dnevnik 

Transportstroy SPLtd will receive a certificate for developed system for management of the quality in accordance with the requirements of the international standard EN ISO 9001:2000. SGS BULGARIA SPLtd will issue the certificate.
Source: Pari

There is a change in the major shareholders of the investment company Nadejda JSC when were transferred 196 146 shares or 35.50 per cent from the capital of the company on BSE through the agency of First FBK. So far the investment fund has been managed by its founders – the Austrian consulting company EPIK. The shareholders’ equity of IC Nadejda is divided into 551 800 shares with face value BGN 3. The company registered a loss for 2002. 
Source: Pari

USA
Xerox, the US copier and printer maker, on Monday reported almost flat second-quarter earnings amid a decline in sales but said it had shaved USD 2.5bn off its debt pile thanks to last month's recapitalisation plan. Net income dropped 1 per cent to USD 86m, or 9 cents a share, from USD 87m, or 11 cents a share, last time. The second-quarter figure included a previously announced 5 cents-a-share charge related to fees associated with the termination of its 2002 credit facility. Sales during the period were down 1 per cent at USD 3.92bn from USD 3.95bn in the same period last time. Xerox said the decline was mainly caused by falling sales from the company's older light lens technology and "moderate" declines in its developing markets business. However, Anne Mulcahy, the chief executive who has overseen Xerox's recent turnround, said that strong sales in its targetted growth areas - office digital, production digital and value-added services - were "directly aligned to the group's growth strategy". Sales in these units, which now represent 70 per cent of the company's total revenue, were up 10 per cent. "We're transforming Xerox into the industry's leading digital player with black-and-white and colour digital systems that are integrated with a robust portfolio of services, delivering productivity improvements for our customers through lower cost, higher quality document management," said Ms Mulcahy. Xerox said it had reduced debt by USD 2.5bn during the quarter thanks to its USD 3.6bn recapitalisation plan completed last month. The recapitalisation included USD 1.34bn of new equity, USD 1.25bn of senior unsecured notes and a new USD 1bn credit facility.
Source: FT