Date Target Vendor Investor Size Comment
September 13 Tourism projects Bulgaria resort areas Black Sea Property (BG/UK) EUR 125 mln Black Sea Property is 50% owned by the Bulgarian businessman Dinchev
September 12 Purchase of 59.11% in Bulgarian pension fund Saglasie Financial group Orel-G Holding Bulgarian foreign trade company Chimimport N/A Chimimport also holds majority stakes in Bulgarian Central Cooperative Bank (CCB), insurance company Armeetz, pension fund CCB Sila, Bulgarian airline Hemus Air.
September 12 Construction of a co-generation unit Neochim Fertiliser producer Neochim EUR 4.6 mln Neochim, based in Dimitrovgrad, produces 630,000 tonnes of ammonium nitrate annually. The plant accounts for 60% of the country's ammonium nitrate output.
September 9 Purchase of Bulgarian pharmaceuticals distributor Higia Higia Icelandic Drug Maker Actavis N/A Higia (among the nation's ten biggest drug distributors) is an established player on the most lucrative segments of the drug market; won 5 contracts to supply drugs to the health ministry and 4 for the procurement of drugs to the National Health Insurance Fund; posted revenues of EUR 83.8 mln in 2004.
September 9 Purchase of a 50% of Lithuanian travel agency ZAO Fiji Travel Lithuanian travel agency ZAO Fiji Travel Bulgarian Alma Tour N/A Alma Tour invested EUR 6 mln in 4-star 600-bed hotel in sea resort Zlatni Pyasatsi in 2003.
September 9 Energy saving credits DSK Bank, Raiffeisenbank, UBB, Postbank(Bulgaria) EBRD EUR 30 mln The resource will be available to households that want to retrofit thermally their apartments.
September 8 Purchase of 34% in Bulgarian Economic and Investment Bank (EIBank) EIBank shareholders Novator investment fund N/A Novator Bulgaria Holding is owned by Thor Björgólfsson, main shareholder of Actavis and BTC.
September 8 Building mobile network New GSM operator Vivatel Vivatel EUR 204 mln Vivatel, owned by BTC (65% owned by Advent), targets 20-25% market share.
September 8 6 new ONDA coffee shops ONDA Coffee Break Global Finance EUR 1 mln The Greek venture investment fund has invested in local chain of food stores Familia and French fries company Royal Potatoes. Company data shows that Global Finance has invested over EUR 50 mln in Bulgaria since 1997.
September 8 Sale of malt plant Bulgarian brewer Zagorka Bulgarian Bulmalt Ltd. EUR 1.35 mln Zagorka is owned by Dutch brewing group Heineken and Greek bottler Coca-Cola HBC.
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
September 13 Bulgaria coffee sales up 15% in H1 Media Kraft Foods Bulgaria, one of the market leaders, estimates H1 sales at EUR 22.5 mln.
September 12 Sofia to offer for sale 72% in Municipal Bank next month City hall Irish-based Depfa Bank, French-Belgian Dexia Bank and the European Bank for Reconstruction and Development (EBRD) have all expressed interest in buying the city-owned stake.
September 12 Bulgaria July industrial sales rise 2.5% M/M National Statistics Institute Bulgaria's June industrial output fell by a provisional 0.4% M/M
September 12 Bulgaria Jan-August New Car Sales Rise 45.8% Y/Y Car importers union UIAB 21,633 units sold for the period.
September 12 UBBank successfully places EUR 100 mln bond UBB Two months ago, UBB, the nation's third largest bank, successfully placed an EUR 40 mln bond, the biggest in this country until then.
September 8 Bulgaria's unemployment rate fell to 10.77% in August from 10.95% in July Labour Ministry This is due to strong private sector hiring and ongoing state-sponsored employment programmes.
September 8 Greek EFG Eurobank's Bulgarian unit hikes capital by 114% Greek EFG Eurobank-Ergasias Capital reached to EUR 56 mln
September 8 Bulgarian High Court freezes EUR 6.1 mln Boyana Film Studio sale to U.S. Nu Image Bulgarian High Court The sale cannot take effect before the court ruled on the complaint filed by the second-running bidder in the tender for Boyana, German Bavaria Film.
September 8 Bulgaria asks for EUR 335 mln in EU aid to recover from floods Finance Ministry The total damage caused by the floods is estimated at EUR 435.6 mln
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

Kaolin invests 15 mln euro in production facilities

- Investor: Bulgarian mining and processing company Kaolin
- Production: silica sand, calcinated kaolin, chamotte, feldspar, dolomite and limestone
- Investment project: upgrade of 4 plants and the construction of new production facilities
- Planned capacity: 4 mln tons annually
- Net profit 2004: EUR 1.6 mln (seen up by 50% in 2005)
- Revenues 2005: to reach EUR 35 mln

Investment programme: EUR 2 mln in a limestone quarry and processing facility near the southern Bulgarian city of Dimitrovgrad by the end of September; EUR 2.5 mln so far on the acquisition and modernization of the two sand and lime Serbian plants.

Kaolin plans to complete by the end of 2005 a new EUR 1.5 mln silica sand factory in Devnya that will supply input materials to the Sisecam glass factory in Targovishte.

The company would also start exploiting new open pits at the deposits near the northeastern towns of Vetovo and Kaolinovo.

Would use own funds and cash from the five-year EUR 5 mln bond, issued in 2003, to fund the investment programme.
Showcase of important issues, deals, and events.
With the contribution of Rivas
September 14, 2005