Date Target Vendor Investor Size Comment
September 20 Apartment complex construction Bansko Municipality Tamplier EOOD EUR 6 mln A total of EUR 400 mln have been invested in tourist facilities in Bansko over the past 2 years.
September 19 A new wine plant Villa Lyubimets and Villa Hissar vineyards Plovdiv-based firm Tashkov EUR 3 mln The Villa Lyubimets wines are expected to appear on UK market around Christmas and will retail at 5.99 pounds.
September 17 Purchase of 51.34% stake in Bulgarian producer of intravenous solutions Biopharmengineering Bulgarian drug maker Sopharma N/A Biopharmengineering AD posted revenues of EUR 1.3 mln in '04, a figure that is expected to double after joining the Sopharma group.
September 17 Construction of a luxe tourist complex Bulgaria's winter resort Pamporovo Bulgarian construction firm Bulgare Developing Company EUR 20 mln Some 40% of the apartments have already been sold.
September 16 Auction 10-year fixed-rate government bonds The Bulgaria National Bank BNB N/A EUR 12.8 mln All four previous batches of the issue have attracted strong investor interest.
September 16 Revamp of two Bulgarian hydropower plants Devin and Teshel power plants in southern Bulgaria Austrian VA Tech Hydro EUR 6.5 mln The upgrade will extend the operational life of the power plants, which have been operating for the past 30 years, by further 30 years.
September 15 Partially syndicated loan to back development Pulp mill Sviloza EBRD EUR 28 mln Sviloza, based in the northern Bulgarian town of Svishtov, is the country's sole sulphate bleached hardwood pulp manufacturer. It exports 92% of its production, mainly to the EU, South Korea, Mexico and Japan.
September 14 Hybrid bond to back expansion Bulgarian First Investment Bank (FIBank) N/A EUR 27 mln The central bank allowed last week FIBank to include the hybrid capital bond in its capital base, which rose to nearly EUR 112 mln.
September 14 Bond issue City of Varna Raiffeisenbank EUR 7.7 mln The bond is to improve transportation and road networks, gasify diagnostic medical centres and renew public sports centres.
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 20 Bulgaria's defence ministry has prepared a $48 mln contract for the upgrade of the country's MiG-29 fighter Defence Ministry The contract will be signed with Russian Aircraft Corp. (RAC).
September 20 CableTEL to buy rival operator Media Bulgaria's leading cable television operator intends to buy Recording Haskovo OOD.
September 19 Bulgarian natural gas retailer Overgas wins a licence to distribute gas State Energy and Water Regulator The 35-year licence is for the region of northern Bulgaria
September 19 Bulgaria H1 GDP Up 6.2% Y/Y The National Statistics Office This is the quickest pace clocked in the past 7 years.
September 19 Bulgaria's banks continue to be among the biggest spenders on advertising Market monitoring With a share of 6.7%, credit products generated 781,000 levs in ad sales in June to place ahead of telecommunication products. The banks spent 272,000 levs to push their deposit products, making them the no.6 product in terms of press ad sales.
September 17 Sofia office rents seen rising despite bigger supply Colliers International Supply of premium Class A leasable office space grew by 6% from 2004 , totalling 134,000 sq m. and achieved monthly rates of 11-18 euro/sq m with an average of 13.5 euro/sq m.
September 16 Bulgarian general insurance company Victoria will raise its capital Victoria The raise is EUR 2 mln
September 16 Bulgaria's Jan-Aug foreign tourist arrivals up 6.33% Y/Y Government YTD tourist arrivals now stand at 3.5 mln. 2/3 of foreign tourists say to revisit Bulgaria in '06.
September 15 A second low-cost airline flies to Bulgaria SkyEurope SkyEurope will launch flights from Bratislava to Sofia and Bucharest in December
September 15 Bulgaria may join 41-nation textile cluster Wall Street Journal With Turkey, Morocco, Tunisia and others, the EU is forming a 41-nation textile-making cluster free of tariffs. It aims to armor its own textile industry against Asian competition.
September 15 Germany's Siemens shortlists 25 Bulgarian outsourcers Siemens Bulgaria The list features Arexim, Bunai, Karat Electronics, Sparky, DZU and Eldomininvest, among others.
September 14 Bulgarian capital to seek investors for two waste processing plants Acting city mayor Potential bidders include German, Austrian, Greek, Taiwanese, Norwegian, British and Bulgarian companies. They offer to build a waste-processing plant at a cost of between EUR 41 mln and EUR 200 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

Second big business park project in Bulgaria

- Project: a multifunctional business park (the second in Bulgaria)
- Site: Black Sea city of Varna
- Investor: Bulgarian SISTECH Holding
- Investment volume: EUR 50 mln
- Size: 6.7 area; 9 buildings with a built-in area of 12 ha
- Timeframe: the construction of the first building started earlier this year and will be completed by July 2006

SISTECH Holding, the majority-owner of Business Park Varna, will finance the project through its own funds and loans from Greek Piraeus Bank.

Bulgarian construction company Naftex Engineering is in charge of building workd, while global real estate services firm Colliers International is in charge of renting the office space.

SISTECH Holding is a diversified holding company, majority owner of Bulgarian hardware and software firm SIS Technology and paper roll supplier Rollco Bulgaria, and 50%-owner of the Bulgarian credit card company Transcard.
Showcase of important issues, deals, and events.
With the contribution of Rivas
September 21, 2005