Date Target Vendor Investor Size Comment
May 30 Refurbishing of a former military hospital into a business centre Black Sea port city of Varna British Balkan Realty investment fund EUR 3.3. mln British Balkan Realty placed the highest bid
May 27 Buyout of 66% of public phonecard operator, Bulfon Intracom (Greece) BTC (Bulgaria's largest fixed-line operator) n/a BTC has become the sole supplier of public phonecard services, since the acquisition of 49% of Mobikom from British Cable & Wireless for EUR 10.5 mln
May 26 Senior loan Sofiyska Voda The European Bank for Reconstruction and Development (EBRD) EUR 30 mln The loan will co-finance the client's five year capital expenditure programme estimated at EUR 190 mln; Sofiyska Voda is 75% owned by the British water and power firm United Utilities and the EBRD
May 26 Gas supply network extension Southwestern Bulgaria Bulgargas EUR 15.4 mln The government decided to allocate 50% of the 2004 dividend of 60 million levs that Bulgargas pays to the state to back the company\'s investment plans
May 26 Gas distribution network Sofia, Varna, Rousse Overgas Inc. (Bulgaria's leading gas retailer) EUR 27 mln Russian gas giant Gazprom holds a 50% stake in Overgas.
May 25 Buyout of 70 % in River Shipping Company Kaolin (Bulgaria) State river shipping company BRP EUR 13.16 mln Kaolin offered to invest 20 million euro in BRP over the next five years and proposed increasing its payroll to 750 employees within five years
May 22 Deal fo building three bulk carriers Varna Shipyard Navibulgar EUR 58.5 mln The government has drafted a privatisation strategy for the country's state-owned maritime shipping company Navibulgar
May 18 Housing complex construction Sofia Municipality Sofia Building Company EUR 41 mln The apartments, between 30 and 160 square metres in area, will cost between 500 and 650 euro per square metre.
Deals, contracts, tenders and outsourcing for a total value of more than BGN 2 mln. and projects of strategic interest to Bulgaria
With the contribution of SeeNews (published by AII Data Processing Ltd) and Rivas
GOVERNMENT AND EU | REAL ESTATE AND FINANCE | EU TOPICS
Date Subject Institution Comment
May 27 Bulgarian Banks April Credit Portfolio Up 52% Y/Y Bulgarian National Bank The rise in the loan portfolio was accompanied by a 44.7% year-on-year growth in deposits, to 21.585 billion levs
May 27 Tender for 206-metre, Above-ground Subway Extension announced Sofia The Bulgarian state-owned Metropoliten company The contract will be worth at least 1.5 million levs
May 27 Bulgaria seeks a loan to modernise army Bulgaria's Defence Ministry Estimated to several billions
May 27 Bulgarian BM Port wins concession of local lesport freight terminal Transport Ministry BM Port would have to invest at least EUR 55 mln in the port in the first 10 years of the concession period and minimum EUR 65 mln for all the 30 years for a 30-year operating concession on the freight terminal Lesport in the Black Sea port of Varna
May 26 Best Western adds three Bulgarian hotels to its chain Best Western Hotels are in Sofia and Plovdiv cities
May 26 Bulgaria's beer market grew in volume by 11% in 2004 The Union of Brewers in Bulgaria (UBB) In 2004 brewers invested EUR 23.2 mln in the sector.
May 26 Petreco takes 100% of two Bulgaria oil, gas prospects in southeastern Bulgaria Government Petreco S.A.R.L. already has a 25-year concession agreement with Bulgarian authorities for the commercial development of Bulgaria's Galata offshore gas field in Varna. It has pledged to invest $65 million and create 500 jobs during construction.
May 22 Standard & Poor's Ratings Services Forecasts Robust GDP Growth in SEE in 2005-07 Standard & Poor's Ratings Services S&P's analysts said they were convinced that whatever new government came to power after elections in June in Bulgaria, it would be committed to the same reform agenda
News and events important for investors related to the Bulgarian legislation, government and EU policy, financial and real estate sectors.
With the contribution of SeeNews (published by AII Data Processing Ltd) and Rivas

French automotive components producer Montupet S.A. decided to invest in Bulgaria

Investor: Montupet S.A. (France)
Investment project: an automotive components manufacturing enterprise; 140,000 sq.m. area; 60,000 sq.m. built-up area; 1 200 jobs
Production: aluminum details for automotive engine and brake systems for export, which will be used in the production of world famous automobile brands Audi, Ford, Peugeot, Renault, Dacia, etc.
Location: the industrial zone of Rousse
“Location competitors” were: Romania and Slovakia
Volume: EUR 40.9 mln
Start of construction: July 2005
Montupet S.A. was awarded with a First Class Investor Certificate by InvestBulgaria Agency. The Vice President of the company Mr. Didier Crozet received the certificate from the Prime Minister Simeon Saxe-Coburg and Mr. Pavel Ezekiev, Executive Director of InvestBulgaria Agency, on an official ceremony in the town of Rousse, Bulgaria, on May 24, 2005. Montupet S.A. will realize the biggest French investment in Bulgaria.
Showcase of important issues, deals, and events.
With the contribution of Rivas
June 1, 2005