Date Target Vendor Investor Size Comment
October 24 The second stage of The Trade and Transport Facilitation in Southeast Europe Program (TTFSE) Bulgaria World Bank EUR 40.9 m The first stage of the project, which was completed last month, cost EUR 11 mln; the second stage of TTFSE is to start in the middle of 2006 and to last for three years.
October 21 Two holiday villages Southern Bulgarian Black Sea coast Bulgarian Festa Holding Euro 8 m The investment is raised through a bond issue with lead manager Raiffeisenbank with a maturity of three years.
October 21 New limestone quarry and processing facility Bulgarian mineral extracting and processing company Kaolin Kaolin EUR 2.5 m Kaolin will invest EUR 15 mln in new production facilities and modernisation seeking to double capacity to four million tonnes in 2006.
October 21 Automotive cable solutions factory Vratsa Municipality The European division of Japan's Yazaki N/A Global manufactures of vehicle power and data solutions and electrical distribution systems and automotive electronics have been continuously recognizing Bulgaria as a erfect location for their operations.
October 20 Housing, hotel and spa complexes Sofia Municipality and Banya resort (Bansko) Immofinance, a Bulgarian arm of real estate development of British-based mid-market investment firm Equest Partners EUR 29 m He added that Immofinance would invest between 20 and 40% of its recent capital increase of EUR 5.1 mln in the projects and the remaining would be borrowed mainly from domestic banks.
October 19 Sale of 66.5% stake Radio FM Plus AD U.S. diversified media company Emmis Communications Corporation EUR 3 m Emmis Communications is based in Indianapolis and is involved in radio broadcasting, television broadcasting and magazine publishing operations.
October 19 Construction and equipping of a new production building Palfinger in Bulgaria Austrian crane maker Palfinger EUR 10.2 m Palfinger has invested in its two Bulgarian plants, with combined staff of 700, nearly EUR 30 mln since 1999.
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 25 National Social Security Institute oks 6% cut in pension contributions National Social Security The NSSI expects the revision of the minimum monthly pay - from 150 to 160 levs, and the average increase of 6.8% of the occupation-specific income floors to generate an additional revenue of 214 mln levs.
October 24 Bulgaria calls international tender for supervisor of EUR 19.5 mln waste management centre Bulgarian Ministry of Regional Development The construction of the waste management centre near the town of Kardjali is expected to start by the end of 2006 and to be completed within two years.
October 21 The Bulgarian Supreme Administrative Court (SAC) confirmed U.S. movie production company Nu Image as the buyer of Boyana film studios The Supreme Administrative Court (SAC) In June the deal for takeover was signed for EUR 6.2 mln. Nu Image also pledged to invest further EUR 16 mln into upgrading the production facilities of the movie-making studios.
October 19 Bulgaria will call an international tender next month for selecting a supervisor of the construction of the EUR 148.5 mln Lyulin motorway Government Bulgaria will get EUR 111.4 mln financing for the Lyulin motorway from the EU's pre-accession programme ISPA.
October 19 Bulgaria signs 164 mln euro PHARE Aid memorandum Finance Ministry This is the first PHARE memorandum for 2005 signed between Bulgaria and the European Commission. The EU has approved another two deals under the 2005 PHARE programme for Bulgaria of a total value of EUR 23.1 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

Schneider Electric builds a second factory in Bulgaria

- Investment: EUR 6 mln
- Project: factory for automatic breakers, regional center for Schneider's breaker production operations
- Type: Greenfield
- Timeframe: start construction in the spring of 2006 and should be completed within 6 months
- Size: 12,000 sq m

After establishing a corporate office here in 1999, Schneider Electric build a breakers factory in Perushtitsa, Southern Bulgaria.
Over 90% of the Schneider products manufactured in Bulgaria are exported, mainly to Western Europe.
Showcase of important issues, deals, and events.
With the contribution of Rivas
October 26, 2005