Expats

Bulgaria's Vivacom Sale Fails - Report [May 02, 2012] The sale of the Bulgarian incumbent telco BTC has collapsed after its creditors rejected the offers of all three bidders, including Turkcell, the biggest Turkish mobile-phone company, media reports say. Turkcell emerged a month ago as the most likely buyer of the Bulgarian telco, but the deal failed after the Turkish operator demanded that a huge part of the price be kept locked until the state ... [via YahooNews] More >>

Bulgaria Starts Exploring Conventional Gas Deposits [Apr 11, 2012] Bulgaria is launching a public procurement tender for the study and exploration of possible gas deposits in the Black Sea continental shelf. The reported deadline for the bidders is May 30, 2012. Just one day ago, Economy and Energy Minister, Delyan Dobrev, commented that the prospective to find gas in the sea shelf were "very good," stressing the interest of the largest company in the world for ... [via YahooNews] More >>

The Bulgaria 2011 Review: Environment [Jan 07, 2012] Shale Gas Drilling Inches Forward Amid Protests In end-May, US energy giant Chevron landed a concession for shale gas exploration in Bulgaria with a whopping offer of EUR 30 M. According to the estimates of the bidders, the deposit near Novi Pazar in northeastern Bulgaria contains between 300 billion and 1 trillion cubic meters of shale gas. ... [via YahooNews] More >>

Bulgaria Dashes Saab's Fighter Jet Deal Hopes for Now [Nov 21, 2011] Bulgaria will not be purchasing Gripen fighter jets from Sweden's Saab for the time being, Bulgarian Prime Minister Boyko Borisov declared at a news conference with his Swedish counterpart Fredrick Reinfeldt. Saab's Gripen has been one of the major bidders for Bulgaria's long-anticipated purchase of new fighter jets, which was supposed to be started in 2012 and completed by 2015. "Bulgaria won't ... [via YahooNews] More >>

Bulgaria Hopes to Sell 50.5% in Bourse in H1 2012 [Oct 19, 2011] Bulgaria hopes to find an investor for its only stock exchange in the first half of next year, the bourse's chief executive has said though declining to reveal the names of potential bidders. "[The] majority of our stock exchange is state-owned. Our finance minister strongly believes that the government shouldn't be a shareholder for a very long period.... [via YahooNews] More >>

Bulgaria's Stock Exchange Privatization Stalls - Report [Oct 10, 2011] Bulgaria's hopes to find an investor for its bourse by the end of the year have gone sour as no bidders have declared interest so far, according to insiders. The interest in Bulgaria's stock exchange privatization has sharply declined over the last few months and no talks, even unofficial, have been held, local media reports say. Shortly after the Bulgarian Stock Exchange launched the sale of ... [via YahooNews] More >>

Northwest Bulgaria's Authorities Seek Investors to Revive Vidin Airport [Aug 11, 2011] Bulgaria's state authorities are seeking bidders for the concession of the inactive airport in the northwestern city of Vidin, Plamen Stefanov, Vidin District Governor, told Novinite.com (Sofia News Agency). In an interview for Novinite.... [via YahooNews] More >>

Bulgaria Sells 36% Stake in Arsenal Rifle Maker [Aug 05, 2011] Bulgaria is opening a one-stage tender to sell the 35.8% minority stake it still holds in one of the largest military factories in the country, Arsenal Kazanlak, which produces arms suitable for use by NATO. Eligible bidders will be companies involved in weapons production.... [via YahooNews] More >>

Bulgaria Opens Bids for Struma Highway Lot 1 [Jul 07, 2011] The bids, which were submitted for a section of the future Struma Highway, connecting Sofia to the border with Greece, will be opened on Thursday, the road infrastructure agency announced. A record number of bidders ? 19 ? applied with offers to build Lot 1 of the Struma Highway ? including companies from Bulgaria, Italy, Spain, Turkey, Germany, and Greece. Regional Development Minister Rosen ... [via YahooNews] More >>

Bulgaria Sale Body Admits Mystery Veils Bulgartabac Bidders [Jul 07, 2011] The head of Bulgaria's sale body has confirmed media reports that nobody knows yet who stands behind the two Austria-registered bidders for the state-owned tobacco giant Bulgartabac. Earlier this week it emerged that only three companies will submit binding bids for the privatization of Bulgartabac Holding and only one of them is a strategic investor ? British American Tobacco. The other two ... [via YahooNews] More >>

Shale Gas Provokes Doubts, Controversy in Bulgaria [May 30, 2011] The news that US company Chevron hopes to find major shale gas deposits in northeastern Bulgaria have raised the doubts of some experts and the concerns of environmentalists. Saturday it was announced that Chevron has landed a Bulgarian shale gas exploration concession with a whopping offer of EUR 30 M. According to the estimates of the bidders, the deposit near Novi Pazar contains between 300 ... [via YahooNews] More >>

Bulgaria Starts Third Auction on Bankrupt Steel Mill [Feb 07, 2011] Bulgaria has regrouped the assets of bankrupt Kremikovtzi steel mill and will auction them for a third time Monday after failing to attract any bidders in two previous auctions. For Monday's bid, the starting price will be set at BGN 395 M, which is a 31% drop from the initial price. The plant's remaining assets include some 300 service apartments, lands and mines. ... [via YahooNews] More >>

Bulgaria Regroups Bankrupt Steel Mill Assets to Sweeten Offer [Feb 04, 2011] Bulgaria has regrouped the assets of bankrupt Kremikovtzi steel mill to cut their price and will auction them for a third time on February 7 after failing to attract any bidders in two previous auctions. "This time we're selling the pre-production and steel production assets and we have taken out part of the transport infrastructure," Tsvetan Bankov, the factory's receiver, told Bloomberg agency ... [via YahooNews] More >>

Bulgaria Close to Picking Consultant for Struma Highway [Sep 24, 2010] This became clear Thursday as the Bulgarian Road Infrastructure Agency made public the offers of the six bidders in the tender for a feasibility study and audit of the highway that is supposed to run from the capital Sofia to Kulata on the Greek border. [via YahooNews] More >>

Bulgaria Steel Mill Auction May Lack Bidders, Receiver Says [Sep 10, 2010] Bulgaria's auction next week of Kremikovtzi AD, a bankrupt steel mill, probably will fail to draw any bidders, raising the prospects the government will cut the price later, said Tsvetan Bankov, the factory's receiver. [via YahooNews] More >>

Bulgaria Halts Major Rail Road Rehabilitation Tender [Jun 14, 2010] The much needed rehabilitation of the railroad connecting Bulgaria's second largest city of Plovdiv to the Black Sea city of Burgas has been stopped over overblown prices from the public tender bidders. [via YahooNews] More >>