Expats

Bulgaria Faces New Defeat by Viva Ventures in Paris Court - Report [May 21, 2012] Bulgaria is doomed to lose yet another lawsuit against UK-based equity fund Advent International's subsidiary Viva Ventures, insiders have said days after the telco former owner defeated the state at the arbitration court in Paris. The Bulgarian state has lodged a total of three lawsuits against Viva Ventures, a subsidiary of London-based equity fund Advent International, which acquired a 65 ... [via YahooNews] More >>

Bulgaria Defeated in Court by Viva Ventures over Telco Deal [May 16, 2012] Bulgaria has lost a lawsuit against Viva Ventures, a subsidiary of London-based equity fund Advent International, which acquired a 65% stake in the state Bulgarian Telecommunications Company (BTC), in a widely criticized deal in 2004. The International Arbitration Court in Paris ruled that Viva Ventures has abided by its commitments to the telco workforce, as envisaged in the contract for its ... [via YahooNews] More >>

Bulgaria Quits Belene Nuclear Power Plant Project [Mar 28, 2012] Bulgaria's Belene Nuclear Power Plant will not be constructed, the country's Deputy Finance Minister Vladislav Goranov announced on on Wednesday. A natural gas power plant will be built in the Danube town of Belene instead, Goranov told reporters after Wednesday's Council of Ministers sitting. The nuclear reactor already assembled by Rosatom subsidiary Atomstroyexport and originally meant for ... [via YahooNews] More >>

Rosatom Offers Bulgaria Yet Another Extension of Belene NPP Contract [Mar 23, 2012] Russia's state-owned nuclear corporation Rosatom has made it clear it is ready to agree on yet another extension of the contract with the Bulgarian government for the construction of the Belene nuclear power plant. The currently active extension of the 2006 deal between Bulgaria's National Electric Company NEK and Rosatom's subsidiary Atomstroyexport is set to expire at the end of March 2012 ... [via YahooNews] More >>

Bulgaria, Russia Agree on New Nuclear Project Delay [Oct 03, 2011] Bulgaria and Russia have reached an agreement to extend the negotiations over Belene nuclear project by another six months as of the beginning of October amidst continuing haggling over its price and feasibility. Bulgaria's National Electric Company NEK and Russia's Atomstroyexport, a subsidiary of Rosatom, signed on September 30 a new annex extending by the end of March 2012 their contract for ... [via YahooNews] More >>

Bulgaria Begs Russia for New Nuclear Project Delay [Sep 27, 2011] Bulgaria has approached Russia with a request to extend the negotiations over Belene nuclear project by another four months as of October, the economy minister has said. At the beginning of July Bulgaria's National Electric Company NEK and Russia's Atomstroyexport, a subsidiary of Rosatom, signed an annex extending by three months their contract for the construction of two 1,000 megawatt nuclear ... [via YahooNews] More >>

Bulgaria to Strike Back at Russia with Lawsuit over Belene NPP [Jul 22, 2011] Bulgaria's Ministry of Economy, Energy, and Tourism has made it clear that it is going to strike back at Russia's Atomstroyexport, a Rosatom subsidiary, with a counter lawsuit over the construction of the Belene nuclear power plant. Earlier on Friday Atomstroyexport, the company chosen to build the second Bulgarian NPP, the 2000-MW plant in Belene, formally confirmed Thursday night's reports in ... [via YahooNews] More >>

Bulgaria's 1st IKEA Store to Hire 130 Part-Time Workers [Jul 05, 2011] Several months before the opening of the first IKEA store in Bulgaria expected in the fall of 2011, the Fourlis Group, IKEA's franchisee for Bulgaria through its subsidiary House Market, announced the opening of 130 part-time jobs. IKEA's store in Sofia is seeking service and administrative employees that can work shifts of 4 to 6 hours a day, the company said in a statement, stressing that its ... [via YahooNews] More >>

Swiss-Based Engineering Giant ABB Reaches 1 000 Employees in Bulgaria [Jul 05, 2011] The Bulgarian subsidiary of Swiss-based engineering manufacturer ABB Group has marked the employment of its 1000th employee in Bulgaria, the company announced in a statement. ABB Bulgaria has managed to accomplish the doubling the number of its employees within two years, thus securing jobs to a significant number of people, even in regions with a high unemployment rate. The company statement ... [via YahooNews] More >>

Bulgaria, Russia Extend Belene NPP Deal by 3 Months, Russian Funding Mulled [Jul 02, 2011] Bulgaria's National Electric Company NEK and Russia's Atomstroyexport, a subsidiary of Rosatom, have signed an annex extending by 3 months their contract for the construction of the Belene NPP, which should become the second Bulgarian nuclear power plant. The new "Annex No. 13" to the 2006 contract between the two state companies was inked late Friday night, the Bulgarian Ministry of Economy ... [via YahooNews] More >>

Bulgaria to Take to Court Telco Buyer Viva Ventures Again [Mar 29, 2011] Bulgaria is considering once again legal actions against Viva Ventures, a subsidiary of London-based equity fund Advent International, which acquired a 65% stake in the state Bulgarian Telecommunications Company (BTC), in a widely criticized deal in 2004. Viva Ventures paid EUR 230 M for the purchase and another EUR 50 M for a license to establish a third mobile phone operator in Bulgaria. It ... [via YahooNews] More >>

Bulgaria's Minority Stake in E.ON Utility May Shrink - Minister [Mar 02, 2011] Bulgaria's stake in the subsidiary of German utility group E.ON may shrink if the state declines to participate in the company capital hike, the economy minister has said. Minister Traicho Traikov declined to cite any figures, but pointed out that E.... [via YahooNews] More >>

Dundee Precious Says Bulgaria Mine Expansion in Full Swing [May 05, 2010] Chelopech Mining, the subsidiary of Canadian Dundee Precious Metals, has been trying for several years already to give the go-ahead to its plans for a metal processing facility in Bulgaria and is about to shelve them. [via YahooNews] More >>

Bulgaria's Growing Interest In Wind Power [Apr 29, 2010] Bulgaria is quickly moving to develop its wind energy potential. Novinte news agency reported Wednesday that India's wind turbine company Suzlon has formed a joint venture with Volkswind Bulgaria GmbH, a subsidiary of Volkswind GmbH. [via YahooNews] More >>

Dundee Precious Plans for Bulgaria Suffer New Setback in Court [Apr 16, 2010] Chelopech Mining, the subsidiary of Canadian Dundee Precious Metals, have been trying for several years already to give the go-ahead to its plans in Chelopech, Bulgaria. [via YahooNews] More >>

Dundee Precious Metals Discovers New Gold Deposits in Bulgaria [Apr 13, 2010] Chelopech Mining, the subsidiary of Canadian Dundee Precious Metals, have been trying for several years already to give the go-ahead to its plans in Chelopech, Bulgaria. [via YahooNews] More >>

Comptel Customer Service Centre in Bulgaria Becomes a Fully-Owned Comptel Subsidiary [Apr 07, 2010] HELSINKI, FINLAND--(Marketwire - 04/07/10) - Comptel Corporation (Helsinki: CTL1V), the leading vendor of dynamic Operations Support System (OSS) software, today announced that the Comptel customer service centre in Bulgaria has become a fully-owned Comptel subsidiary. Established in Sofia in late 2008 in cooperation with a Bulgarian software company Bianor AD, Comptel's customer service centre ... [via YahooNews] More >>

Which are your company's most significant investments in the real estate sector in Bulgaria? [Apr 06, 2010] GEK TERNA Group of Companies, through its 100% owned subsidiary ICON Ltd, can present an exceptionally rich portfolio of properties in Bulgaria in Sofia, Samokov, Lom, Svilengrand, Krivina, Batak, which are under development for residential uses in urban & rural, alpine & by the seaside areas, malls, office buildings, etc. [via YahooNews] More >>

Bulgaria's Telecom Spectrum Net Acquires Rival Orbitel (Novinite.com) [Jan 29, 2010] Bulgaria's company Spectrum Net announced it has completed the acquisition of its rival Orbitel, fully-owned Bulgarian subsidiary of Hungary?s Magyar Telekom, part of Deutsche Telekom. [via YahooNews] More >>

Dundee Sells Project in Serbia, Eyes New Sites in Bulgaria (Novinite.com) [Jan 26, 2010] ?Chelopech Mining?, the subsidiary of Canadian Dundee Precious Metals, have been trying for several years already to give the go-ahead to its plans in Chelopech, Bulgaria. [via YahooNews] More >>