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Business Industry Capital  
Bulgarian
Industrial
Association
BUSINESS INDUSTRY CAPITAL
Wednesday, 28 January 2004, Issue 1102
Daily on-line issue for financal, industrial and corporate news
ISSN 1311-364X Bourse Information Company Capital Market Ltd.
Bulgaria
Financial news* Privatization*
Companies
Bulgarian Industrial Association
news
 Business *
World
USA* Europe
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BULGARIA
Economic indicators 
BNB Exchange Rates 
(28.01.2004)
EUR/BGN  
1,95583
GBP/BGN   2.83105
USD/BGN 1.56254
CHF/BGN   1.24726
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. 
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

Total turnover in BGN: 861 354.95
Traded companies: 55
Official markets: 189 879.02
Free market: 454 897.95
Privatization deals: 164 520.90
Biggest change:
Parvomay BT (Parvomai ) -93.75 %
Sheraton-Sofia Balkan (Sofia ) 74.63 %

 
Companies offered for privatisation on auctions on BSE-Sofia - 2004

 
INDUSTRY REPORTS
Development and Production of:
Liquid Fuels in Bulgaria
Tailoring Products in Bulgaria
Knitwear in Bulgaria
Textile Products in Bulgaria
Wood-processing products in Bulgaria
Manufacture of paste products
Dairy Products in Bulgaria
 Sales of ceramic tiles in Bulgaria
Processing of fruit and vegetables
Sales of wine in Bulgaria
ORDER NOW

 
 
ISO certificated Bulgarian companies

 

 

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 DZIRoseximbank 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
1
Florina-Bulgaria (Sofia )
21 666 000
2
Melta-90 (Targovishte )
4 226 000
3
Link (Sofia )
2 597 000
4
Royal Storage (Sofia )
2 586 000
5
Maritsa-Ecofroze (Sofia )
2 497 000
6
Kenar Zare - Zare Shabhazyan
2 403 000
7
Kenar (Sofia )
2 058 000
8
Interbon Bulgaria (Sofia )
2 012 000
9
Varna conserv (Varna )
1 981 000
10 Agro-Foka (Sofia )
1 957 000

 
General meetings today

Teximtrans (Varna)
Vinprom-98 (Lovetch)
Yantrapress (Veliko Tarnovo)

 

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.
***
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
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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