| Date | Target | Vendor | Investor | Size | Comment |
|---|---|---|---|---|---|
| January 9 | New bicycle factory | Plovdiv Municipality | Bulgarian bicycle manufacturer Maxcom | EUR 10 m | The new facility, to be built on area of 34,000 square metres, is designed to produce 500,000 bicycles per year and plans to reach 35% share of the domestic market in 2006. |
| January 9 | A new 3-floor sports complex&SPA,build-up area of 4,200 sq m | Sofia Municipality | Sit 97 (Bulgaria) | EUR 4 m | Plans to start building a EUR 2.5 m hotel at the Black Sea coast within a month. |
| January 6 | Property acquisition | Serdika hotel in Sofia | Equest Balkan Properties | EUR 10 m | The company, focused on commercial, retail and industrial property primarily in Bulgaria and Romania, launched trading of its shares on the AIM in December, having raised EUR 203 m to invest in the target region. |
| January 4 | Bond issue to finance housing and hotel construction projects | Bulgarian Black Sea resort operator St. Constantine and Elena | N/A | EUR 5 m | St. Constantine and Elena Holding has a nominal share capital of EUR 1.2 m, which is listed on the stock exchange in Sofia. |
| January 4 | Expansion of petrol station networks | Bulgaria and Serbia | Greek petrochemicals company Hellenic Petroleum Group | EUR 166 m | In Bulgaria, Hellenic Petroleum owns Eko Elda Bulgaria which operates 17 petrol stations. The last two were opened in Varna at a cost EUR 2.5 m. The parent company intends to add 10 new outlets in Bulgaria on an annual basis until their number reaches 80 while shooting for a 10% of domestic retail sales of fuel by 2008. |
| 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 |
|---|---|---|---|
| January 10 | Bulgaria To Try To Sell Varna Power Plant to Czech Utility CEZ | Media | RAO UES has given up buying the power plant because of strings attached to the deal by Bulgaria's energy regulator, the Environment Ministry and the country's power export monopoly NETC. |
| January 6 | Bulgaria expects to get $350 mln from business travelers in 2006 | Government | The Bulgarian government expects 350,000 business travelers to visit Bulgaria. |
| January 5 | The Global Fund to Fight AIDS, Tuberculosis and Malaria will grant Bulgaria $8.8 million to curb the spread of HIV/AIDS in the country | National co-ordinator on fighting AIDS | Currently Bulgaria is a country with low spreading of HIV/AIDS and we are focusing on prevention rather than treatment. |
| January 5 | The European Union will tender contracts up to EUR 2.35 m to support Bulgaria's eGovernment strategy | EU's Official Journal | The tender will be divided into two lots - for eGovernment strategy and for technical assistance for electronic services in the said ministries for EUR 1.5 m and EUR 850,000 respectively. |
| January 5 | Bulgaria to get 75 mln euro aid under EU's SAPARD for 2005 | Bulgarian Government | Bulgaria has so far received a total of EUR 285 m under SAPARD for agriculture, including EUR 68 m for 2004. |
| News and events important for investors related to the Bulgarian legislation, government and EU policy, financial and real estate sectors. | |||
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Bulgaria's avg 2005 CPI seen at 5.0 % Bulgaria's statistics office is expected to issue December inflation on Tuesday, Jan 17. |
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| Showcase of important issues, deals, and events. | |
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January 11, 2006