Bulgaria will close 3 and 4 reactor in 2006, otherwise risks the membership in EU to cancel with years. According to the Prime Minister Mr. Simeon Saxe-Cobourg, there are state engagements, which are very important for the negotiations and how one country is estimated. The Minister of Energetics Mr. Milko Kovachev refused to comment the words of the Prime Minister. The Minister of Euro Integration Mr. Meglena Kuneva did not specify anything more as well.
Source: Standard 

The management of Navigation Maritime Bulgare developed a programme, with which guarantees the closing of all sources, from which have so far came funds out of the company. According to the presented P/L accounts, the loss of the company for the first nine months of the year is BGN 51.115 million. For the first 9 months the short-term liabilities of the company are with 13 per cent more than the same period of 2002.
Source: Pari 

The finances from the bond issue, which will be traded on the Stock Exchange will be used for construction of new hotels on the Bulgarian Black Seaside, announced the Manager of Alma tour BG Mr. Lyubomir Pankovski. The money will not be direct investments in the objects, but financing of the hotel-keepers, explained Mr. Pankovski. The tourist company announced on Tuesday that is has sold paperlesss bonds at total value of EUR 750 000. The maturity of the bonds is in three years. The bank which attends the payments is Bulgaria invest.
Source: Dnevnik

The Ministry Council appointed today Bulgaria Air Company SP JSC for aviation enterprise under the Agreement for Air Communications between the governments of Bulgarian and the Russian federation, which is into force as of 1997. According to the document, each country has the right to appoint one or a number of aviation companies for operation of the negotiated international lines. Currently, Russia has six aviation companies, and Bulgaria – one. The election of Bulgaria Air Company SP JSC as aviation enterprise under this agreement will increase the presence of Bulgaria in the transport market between Bulgaria and Russia.
Source: BTA 

The Government approved three draft concession contracts for extraction of non-metallic minerals near Kurdzhali and Burgas. The Sofia-based company Geonet Ltd. will concession the non-metallic mineral deposit located near the village of Most, Kurdzhali municipality. The permit for research and extraction of building materials in the region of the Burgas-region village Karanovo was granted to the local company Latil Ltd. The company is going to invest at least BGN 23 355 in research activity, BGN 2 850 of which will be used for environment protection.
Source: BTA 

The Government decided to break a concession contract for Delian field in Kuystendil region with the metallurgic plant Kremikovtzi JSC because of not execute clauses from the document. The contract was signed on June 28, 1999. The concessionaire did not observe the deadlines and conditions for the concession fees. By June, this year Kremikovtzi owes totally USD 13 660 for 2002 and for the first and second quarter of 2003. Practically, the company provided the exploitation of the field to Kremikovtzi-Rudodobiv JSC. The Government will authorize the Minister of Economy to gather the owed funds, interests and liquidated debts, including by court way.
Source: BTA 

USA
Surging sales of personal computers helped Hewlett-Packard top Wall Street's revenue forecasts for the latest quarter, though falling prices and rising component costs left the company's PC business barely profitable for the period. With its enterprise division returning to profit for the first time in two years and profit margins on printers rebounding faster than anticipated, HP also topped earnings expectations. The figures, released on Wednesday, marked the strongest growth since HP's purchase of Compaq Computer last year, and a rebound from the disappointing three months that preceded it. Carly Fiorina, chairman and chief executive officer, said the figures "demonstrated what the emerger was all about" and justified the "tough decisions [and] portfolio choices" that HP had made. She has faced persistent criticism from some quarters over the Compaq deal, which increased HP's exposure to the highly competitive PC and low-end server markets. HP also said it expected revenues of USD 19.1-19.5bn in the current quarter, a rise of 7-9 per cent from the year before and ahead of Wall Street's estimates. HP's revenues reached USD 19.9bn in the three months to the end of October, 10 per cent higher than a year before and ahead of estimates of around USD 19bn. Some 5-6 percentage points of the growth resulted from the falling US dollar, the company said. The growth was driven by HP's PC division, which registered a 19 per cent jump in revenues from a year before, to USD 6bn. The division returned to profitability after a disappointing third quarter, though its operating profits reached only $21m. 
Source: FT