| Date | Target | Vendor | Investor | Size | Comment |
|---|---|---|---|---|---|
| December 6 | 1O year offset agreement for 18 helicopters delivery | Eurocopter | Government | EUR 360 m | Bulgarian government has agreed a loan with Societe Generale-Deutsche Bank for financing the deal. |
| December 5 | Five-year bond issue to fund investment projects and raise working capital | Bulgarian private industrial group Synergon Holding | N/A | EUR 10m | Synergon owns majority stakes in 17 local companies, including fuels retailer Toplivo, Novotel Plovdiv and electric bulbs maker Svetlina. |
| December 5 | Construction of residental complex | Sofia Municipality | Hydrotours-94 | EUR 35m | Panorama complex will consist of 3 apartment buildings and will have a total built-up area of 70,500 sq m. Building 1 should be tenable by September 2006 with buildings 2 and 3 due for completion a year later. |
| December 2 | Construction of hotel complex | Kavarna Municipality | Bulgarian real estate developer Interlink | EUR 25.6 m | The 1,200-bed hotel complex will be built next year in the village of Topola |
| December 1 | To triple production capacity | Famtex plant in Aksakovo Municipality | Bulgarian packaging materials maker Famtex | EUR 15 m | Famtex also owns 99% of Plastchim-T polypropylene packaging factory of Tervel, 60% of whose output is exported to Europe. |
| December 1 | Construction of seven holiday villages and an yach marina | Bulgaria | Bulgarian building company Dinevi & Co | EUR 51.3m | The company will seek similar opportunities in resorts in Romania, Turkey, Greece and Macedonia. |
| December 1 | Purchase of a 50% stake | Bulgarian cable broadcaster Diema Vision | Apace Media | N/A | The acquisition of Diema brings to 6 the television channels which Apace (British intellectual property and branded content company) already owns in Bulgaria. |
| November 30 | Takeover of a Bulgarian ISP | Orbitel | Magyar Telekom | EUR 8 m | Orbitel is Bulgaria's largest alternative wireline telecommunications and internet service provider, offering country-wide voice and data services based on the IP technology to the business segment. In 2004 the company generated 9.3 mln euro in revenues and 1.1 mln euro in EBITDA with 133 employees. |
| 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 |
|---|---|---|---|
| December 5 | A consortium of Hungarian, French and Slovenian companies has won a ~EUR 1 m project | EU official journal Tender Electronics Daily | The project is to implement information technologies under a European Union PHARE-funding for support of Bulgaria's judicial reform |
| December 5 | The deal with Israeli Elbit may generate EUR 100 mln investment | Media | Israeli defence company Elbit Systems and the Bulgarian defence ministry signed on Friday, December 2, a 57.33 mln euro contract for the repair and modernisation of the Mi-24 and Mi-17 fleets of the armed forces. The investment program will consist of direct and indirect offset schemes. |
| December 2 | Mobiltel to expand its local retail network | Mobiltel | The Bulgarian mobile phone unit of Telekom Austria will sign agreements with the independent vendors Technopolis and Handy |
| News and events important for investors related to the Bulgarian legislation, government and EU policy, financial and real estate sectors. | |||
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Soft Beverages Market Developments Mineral water leaders: |
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| Showcase of important issues, deals, and events. | |
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December 7, 2005