Business Industry Capital
Bulgarian
Industrial
Association |
BUSINESS INDUSTRY CAPITAL
Wednesday, 28 January 2004,
Issue
1102
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Daily on-line issue for financal, industrial
and corporate news
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ISSN 1311-364X |
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
|
Economic indicators
BNB Exchange Rates
(28.01.2004)
Basic Interest Rate
(as of 23.12.2003)
2.83% |
|
FINANCIAL
NEWS |
354 companies from 27 countries will take part
in Vinaria 2004, which is organized for the 12th time. 166 of those companies
are Bulgarian, and 188 – foreign. Producers from 12 countries are going
to introduce their produce for the first time, some of them being Australia,
Israel, Spain, Canada, Luxembourg, Japan, Russia.The exhibition will be
held between February 4 and February 8 in Plovdiv.
Source: Standard
Mr. Ivaylo Gyurov is the new Director of the National Tourism Advertising
and Information Executive Agency. The former Deputy Programme Director
of BNT was appointed without competition.
Source: Trud
95 per cent of the small and medium-sized business representatives in
Bulgaria support Bulgaria’s EU membership, according to a representative
public opinion survey within the frames of the Communication Strategy for
Bulgaria’s EU accession preparation. Employees from 516 companies have
been surveyed.
Source: Standard |
A contract for co-operation was signed between “BIC Capital
Market” Ltd. and Europages, according to which “BIC Capital
Market” through the Bulgarian
Enterprises Information System grants free access to information about
500 000 companies from 33 European countries, included in the Europages
catalogue. The content includes but is not limited to search pages, result
pages, company links and other content related to the Europages directory.
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PRIVATIZATION |
Pleven Municipality is preparing an open-bid
tender for the sale of a self-contained part of Nov hlebozavod. It was
built in 1998 and until now the object has not been exploited. The local
Parliament decided in 1999 to privatize the self-contained part and so
far there have been several attempts to be sold with secret bidding. Since
there was not a deal, the municipality reduced the estate’s price from
BGN 740 000 to BGN 370 000.
Source: Dnevnik
Bulbrokers
will sell through the stock exchange 30 per cent of the shares of Bulgarian
River Navigation. The Supervisory Board of PA approved the contract
with the investment broker. The papers will be sold against compensatory
vouchers. They have to be launched within 2 months. Against compensatory
vouchers will be also sold shares of the 13 companies from Metalic pool,
was reported from BSE.
The tenders will be held from January 30 to April 2.
Source: Standard |
Bulgarian Stock Exchange - Sofia - 27.01.2004
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COMPANIES |
The shares of Sofia-based producer of cosmetics Aroma
JSC are going to be listed on the stock exchange as of January 30.
The issue includes totally 5 163 933 papers with face value BGN 1 per each.
The decision for launching of the shares on the stock exchange was taken
after the final statement of the Supreme Administrative Court that Aroma
is a public company. According to preliminary data, the sales of the company
in 2003 were for USD 33 million, which is with 33 per cent more in comparison
with the former year.
Source: Dnevnik
By the middle of February Stara Zagora-based factory Sluntze
BT will launch a new kind of cigarettes Nevada ultra, which are lighter
than the existing now. The cigarettes content 0,3 milligrams nicotine and
3 milligrams tar, said the Director of the company Mr. Angel Dimitrov.
According to him, during this year in the factory will be produced 2000
tons cigarettes, which is 60 per cent of the capacity.
Source: Dnevnik
The bankrupted shoe plant Dobrich
sold its holiday house in Balchik for BGN 497 000. In the bidding took
part 10 candidates, announced the syndic Mr. Yanko Stoyanov. The starting
price of the estate was reduced from BGN 480 000 to BGN 235 000 after no
candidate appeared at the first tender. The base was won by a physical
entity but his name is kept in secret.
Source: Standard
Minister of Finance Mr. Milen Velchev won the prize Mr. Economy. The
Director of DZI
– Roseximbank
Mr. Emil Kyulev awarded him with the prize at a grand ceremony last night
in the Sheraton hotel. The Deputy Prime Minister Ms. Lidia Shuleva received
the award in the category Contribution to the Development of Bulgarian
Industry.
Source: Standard
A special programme for evaluation and management of the atmosphere
air is waiting for approval by the local Parliament. The measures are especially
for the municipalities near KZM-Plovdiv
and concern Asenovgrad and Kuklen. The huge development includes working
activities for the next 20 years. The problem with the polluted air – with
sulphuric dioxide, thin dust fragments and dust, has been recently discussed
by an ecological team with foreign participation.
Source: Maritza |
BEIS
Rating
Processing and preserving of fruit and vegetables
Top 10 companies by
Fixed Assets for 2002
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BULGARIAN
INDUSTRIAL ASSOCIATION NEWS
|
***
BIA
jointly with the International Labour Office shall organise a workshop
on risk assessment methodology at work
http://b2b.bia-bg.com/index.asp?i=t1555&l=2
**
It starts an initiative "Innovations for the business" which is carring
out by the Bulgarian Industrial
Association (BIA) together with MSI foundation - Bulgaria, which realizes
The Development of entrepreneurship and investment Project of the US Agency
for international
development. The purpose of this initiative is to increase the competitivness
of the Bulgarian economy by attracting more home-innovations in the economic
sphere. The aim is to tie up together the science and the business by periodical
presentations of scientific work outs in front of the business representatives.
By now 3 thematical meetings on chemistry,
machine building and biotechnology took place.
It is foreseen by creating a base of information in BIA
to be offered ready for realization scientific work outs made by The Bulgarian
Science Academy, Universities and research institutes.
***
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WORLD
|
Index for Stock Exchange
prices as of January 27, 2004
Dow Jones Industrial |
10609.92
|
(-92.59)
|
Nasdaq Composite |
2116.04
|
(-37.79)
|
Commodity Exchanges
prices as of January 27, 2004
Commodity |
Price |
LIGHT CRUDE ($US/bbl.) |
34.12
|
BRENT CRUDE ($US/bbl.) |
30.23
|
HEATING OIL ($US/gal.) |
0.9709
|
NATURAL GAS ($US/mmbtu) |
5.656
|
UNLEADED GAS ($US/gal.) |
0.9832
|
GOLD ($US/Troy Oz.) |
410.100
|
SILVER (cents/Troy Oz.) |
655.50
|
PLATINUM ($US/Troy Oz.) |
854.10
|
HOGS (cents/lb.) |
57.00
|
PORK BELLIES (cents/lb.) |
83.85
|
LIVE CATTLE (cents/lb.) |
74.575
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Europe
BMW unveiled a 2 per cent drop in 2003 sales on Tuesday blaming
the decline on the weakness of the dollar against the euro.
But the German luxury carmaker said that on the strength of a "positive
trend" in sales it would maintain its forecast that "current year earnings
will match those of the previous year at a group level". In 2002
the carmaker turned in a EUR 3.3bn (USD 4.1bn) full-year pre-tax result.
The recent drop in value of the dollar against the euro has hit many European
vehicle makers exporting to the US. But BMW has managed to avoid the losses
of rivals such as Volkswagen by heavily hedging. In 2003 the US became
BMW's strongest market with 277,037 units sold, an 8 per cent rise.
2003 sales fell 2.1 per cent to EUR 41.53bn, but excluding the effect of
currency fluctuations, sales rose by more than 4 per cent. The carmaker,
which saw its first-half hit by costs related to the launch of new models,
said capital expenditure rose 5.2 per cent to EUR 4.25bn. The group,
which is relaunching its entire range as well as developing new models,
said it sold 1.1m cars last year and expects to sell more of its BMW, Mini
and Rolls-Royce brands in 2004. Demand for the 5-series saloon, launched
in July, continued with 70,522 units sold by the year end while the popular
Mini brand drove volume growth with 176,465 cars sold, up 22.4 per cent.
At the super-luxury end of the market BMW said 300 Rolls-Royce models were
sold by the end of 2003 and expects to sell about 1,000 Rolls-Royce vehicles
in 2004. The carmaker gave a cautious outlook for 2004 saying it
expected a "modest revival" in global car sales in 2004, mainly from the
US market. Eastern Europe, south-east Asia, and in particular China it
expects to "develop dynamically".
Source: FT
USA
Xerox Corp., the largest U.S. provider of copiers, said fourth-quarter
net income rose 11-fold helped by the introduction of new products and
cost cutting. Net income rose to USD 222 million, or 22 cents
a share, from USD 19 million, or 1 cent, in the year-ago quarter, the Stamford,
Connecticut-based company said in a statement. Sales rose for the first
time in 14 quarters, climbing 1.1 percent to USD 4.3 billion.
Chief Executive Anne Mulcahy has reduced costs to stem five straight years
of falling sales and restore investor confidence following accounting investigations.
She has cut 17,000 jobs, hired other companies to manufacture Xerox's products,
and introduced lower-priced machines to regain sales lost to Canon Inc.
and Ricoh Co. Xerox was expected to have fourth-quarter profit
of 15 cents a share, the average estimate of 10 analysts surveyed by Thomson
Financial. Xerox shares rose 32 cents to USD 13.95 yesterday
in New York Stock Exchange composite trading. They rose 71 percent last
year.
Source: Bloomberg |
*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) 9801086, fax (+359 2) 9814567, mail: bic_office@bia-bg.com
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