| Date | Target | Vendor | Investor | Size | Comment |
|---|---|---|---|---|---|
| November 8 | Opening of a new distillation facility | Solvay Sodi | Bulgarian soda ash producer Solvay Sodi, part of the Belgian chemicals and drug group Solvay | EUR 5.4 m | Solvay Sodi plans to invest EUR 7.3 mln in the upgrade of its facilities next year. The company has already spent over $20 mln on the quality of its output and new technologies. Some $5 mln have gone to ensure the environmental protection of the Varna lake into which the plant wastewater is discharged. |
| November 8 | Purchase of 50% stake | Srbolek, The third-largest drug distributor in Serbia | Sopharma (Bulgaria) | N/A | Srbolek reported sales of EUR 20 mln for 2004. The deal deal will be the Sopharma's first acquisition abroad. |
| November 4 | Capital increase to back growth | Raiffeisen Bulgaria | Austria's Raiffeisen Zentralbank (RZB) | EUR 20 m | Raiffeisen Bulgaria's capital base will reach EUR 123.3 m after the capital hike. |
| November 3 | A loan to back SMEs | Bulgaria's Bulbank(UniCredit) | European Investment Bank (EIB) | EUR 30 m | The funds are designed to finance companies working in the fields of environment, infrastructure, and development of a knowledge-based economy, rational use of energy, health and education in Bulgaria. EIB will finance up to 50% of the cost of projects, each of which should be worth between EUR 40,000 and 25 m |
| November 2 | Completion of five-year investment program | Refinery in the Bulgarian coastal city of Bourgas | LUKoil Bulgaria | USD 52 m | See below |
| Deals, contracts, tenders and outsourcing for a total value of more than BGN 2 mln. and projects of strategic interest to Bulgaria | |||||
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| GOVERNMENT AND EU | REAL ESTATE AND FINANCE | EU TOPICS | |||
| Date | Subject | Institution | Comment |
|---|---|---|---|
| November 7 | AES Corp will start in early 2006 construction of a EUR 1 bn 600 MW, coal-fired power plant | Media | French Calyon PB Private, BNP Paribas, Dutch ING Bank and the European Bank for Reconstruction and Development (EBRD) are the four banks that will back the project and underwrite a quarter each of a EUR 850 m debt facility. |
| November 4 | Bulgarian GSM operator Vivatel goes commercial | Vivatel | Vivatel is the newborn wireless unit of Bulgaria's dominant fixed-line operator BTC. BTC is 65%-owned by U.S. equity fund Advent, while the remaining shares are traded on the Bulgarian Stock Exchange. |
| November 2 | Key infrastructure projects to be completed by 2010 | Transport Ministry | Upgrade of Sofia international airport, building of a combined railway/road bridge over the Danube river between Vidin and Kalafat, upgrade of the railroad between Plovdiv and Svilengrad, construction of a new freight terminal and breakwater at the Black Sea port of Burgas and a winter ship storage facility on the Danube |
| November 2 | 4 heating companies and 3 hydropower plants on sale 2006 | Economy and Energy Ministry | The government will divest 100% of the utilities through competitive procedures. |
| November 2 | Varna leads Bulgarian property market price-wise | National Statistical Institute | The value of homes in the coastal Varna area outpaced the residential market in the capital Sofia. |
| News and events important for investors related to the Bulgarian legislation, government and EU policy, financial and real estate sectors. | |||
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Lukoil Bulgaria to invest up to EUR 35 m in retail network in 2006 - Investor: the Bulgarian unit of Russian oil major Lukoil |
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| Showcase of important issues, deals, and events. | |
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