Date Target Vendor Investor Size Comment
February 28 Offshore of operations and 35% output boost Cherven Bryag plant Austrian crane manufacturer Palfinger EUR 6.8 m The money will go for new production facilities, infrastructure and equipment. More than 100 new jobs will be created.Late 2005, Palfinger spent EUR 11 m on the construction of new production premises which is expected to be completed by the end of 2009.
February 24 Purchase of military transport aircraft Alenia Aeronautica, a unit of Italy's Finmeccanica Bulgarian defence ministry EUR 91 m The direct offset agreement amounts to EUR 152.3 m.The obligations under that programme include financing of the construction of a new hangar for aircraft maintenance and office buildings for the squadron at Vrazhdebna air base, special equipment for technical surveys, providing equipment for field maintenance of the aircraft and spare parts and training of personnel,
February 24 UMTS network equipment Ericsson and China's Huawei GloBul n.a. In August 2005 Cosmote paid EUR 400 m to acquire 100% of GloBul from its parent company, Greek telecoms group OTE.
February 24 New golf course Kavarna Municipality Thracian Rocks Golf&Spa EUR 90 m The developer intends to repair the infrastructure in the area of the golf course, building 17 km of new roads, a 150-room 5-star hotel and villas with a combined 3,000-bed capacity.The 18-hole golf course will be designed by South African golfing legend Gary Player.
February 22 Construction of luxury apartment complex Sofia Municipality Bulgaria's Silver City Ltd. EUR 14 m The luxury gated compound in central Sofia will comprise nine buildings with 196 apartments, an indoor swimming pool, a fitness centre and a mini golf course, The total built-up area of the complex will be 40,000 sq m, including up to 4,000 sq m of commercial space, a 3,000 square metres inner garden, and a 11,000 sq m underground parking lot.
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
February 27 Bulgaria to sign MiG 29 fighters upgrade deal with Russian RSK MiG Bulgarian Defence Ministry The deal with RSK MiG for the overhaul of 16 fighters is estimated to cost EUR 40.5 m.
February 27 Bulgaria signs deals to get EUR 48.1 m EU aid The Bulgarian Government Bulgaria will have received some 210 million euro grants under the EU's PHARE cross-border cooperation programme by 2007, when it hopes to join the wealthy bloc.
February 27 Varna plant to assemble Siemens trains Media Bulgarian national railway carrier BDZ and Germany's Siemens are nearing agreement on the creation of a joint venture for the assembly of trains.ulgaria has contracted Siemens to deliver 25 Desiro electric engines for a total price tag of EUR 117 m.
February 24 Industrial cluster set up in Stara Zagora region Media Over 30 companies from the food, machine-engineering and agriculture industries operating in the Stara Zagora region will facilitate the opening of a regional laboratory for product quality control.
February 23 Vodafone signs partnership agreement with Bulgaria's MobilTel Media British mobile operator Vodafone and Bulgarian telco MobilTel, part of the MobilKom Austria group signed a long-term partnership agreement benefiting their subscribers.Under the agreement, Vodafone customers will pay for roaming services in Bulgaria only marginally more than what they pay for calls in their home country.
February 22 UniCredit to merge its three Bulgarian banks Italian UniCredit The new structure (including Bulbank, HVB Bank Biochim and Hebros Bank, owned by Italy's Unicredit and Bank Austria Creditanstalt)will retain the name Bulbank and will have a markets share in terms of assets of 21.9%
February 22 Israel's Elbit Systems awards EUR 5.9 m contract to Bulgarian defence plant Letetz Media The Bulgarian defence ministry and Elbit Systems signed on December 2, 2005 a 57.33 mln euro contract for the upgrade of 12 Mi-24 and 6 Mi-17 helicopters in compliance with NATO standards.
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

Spanish company Keros Ceramica builds a EUR 21.4 m factory in Rousse

-Project: tile production plant
-Investor: Spanish wall and floor tiles maker Keros Ceramica
-Volume: 21.4 million euro
-Jobs: 180

The factory is scheduled to manufacture over 2.3 m sq m of tiles in the first year of operation and to have an annual capacity of 5 m sq m upon completion.

The factory in Bulgaria will be its first production facility outside Spain.
Showcase of important issues, deals, and events.
With the contribution of Rivas
March 1, 2006