Date Target Vendor Investor Size Comment
October 11 Raised size of investment Sky City Shopping Centre Bulgaria Retailer Fantastiko EUR 20 mln Two more malls are under construction in Sofia - the EUR 60 mln Mall of Sofia, 50%-owned by a GE Commercial Finance Real Estate-led consortium, and one developed by the Bulgarian construction firm Stroytown.
October 10 Purchase of stakes in three Bulgarian listed companies Zinc and lead smelter OTZK, hotel operator Pamporovo, textile firm Katex General insurer Bulstrad EUR 3.6 mln Bulstrad had an 18.6% share of Bulgaria's general insurance market Jul 2005.
October 7 The company's wireless unit Vivatel BTC EUR 110 mln The cash infusion will involve a capital raise and the provision of credit guarantees by the parent company.
October 6 Takeover Chemical and pharmaceutical research institute NIHFI Sopharma EUR 6 mln Turnover expected to grow by some EUR 4.5 mln annually thanks to the integration of NIHFI
October 6 Expansion of network Cities of Sofia, Varna, Burgas and Veliko Tarnovo Supermarket chain Piccadilly EUR 20 mln The two outlets are part of the company's EUR 20 mln investment plan for 10 store openings across the country.
October 6 Construction of industrial zone Plovdiv Municipality Lead and zinc smelter KTZM and construction firm Sienit EUR 36 mln The 47 ha zone will be sited near the smelter plant on the southbound Plovdiv-Asenovgrad road.
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
October 10 Bulgaria to approve terms of EUR 700 mln loans for army upgrade by year-end Ministry of Defence Pending borrowing terms for the delivery of helicopters from Eurocopter, transport aircraft by Alenia Aeronautica, and special purpose and military vehicles by DaimlerChrysler
October 10 Bulgarian power export monopoly NETC calls tender for optical cables Bulgarian power export monopoly NETC The project for supply of groundwire and underground cables to NETC has been divided in three parts. The fist tender was won by the German subsidiary of Alcatel with an EUR 850,000 bid.
October 6 Bulgaria gives approval to British JKX to get 25% in two oil, gas prospects The Bulgarian government The deal is with Balkan Explorers Bulgaria Limited, a unit of Canadian company Falcon Oil and Gas Limited.
October 6 Bulgaria's ruling coalition okays 2006 budget framework Finance Minister The budget sets a zero budget deficit and an economic growth of 5.3%.
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

Sisecam receives First Class Investor Certificate

The largest green-field investment project in Bulgaria has officially received its First Class Investor Certificate in compliance with the Investment Promotion Act. The certificate was awarded to Trakya Glass Bulgaria EAD, the Bulgarian unit of Turkish giant Sisecam and received by Mr. Dogan Arikan, Sisecam’s President.
Investment: initial intentions 2 plants – for flat glass and for glassware; today 2 more facilities – for processed glass and for mirrors; the first plant in for glassware production has been completed in 12 months and has been operating since July 2005.
Site: Targovishte
Overall investment: USD 220 mln
Jobs: 1065 people
The state of Bulgaria has invested a total of BGN 13.5 mln in infrastructure so as to support the Sisecam's project. The land plot of over 850 decares for the complex has been provided by the state as well.

Showcase of important issues, deals, and events.
With the contribution of Rivas
October 12, 2005