| Date | Target | Vendor | Investor | Size | Comment |
|---|---|---|---|---|---|
| March 10 | Construction of a new unit for long products | Stomana Industry | Bulgarian steel mill Stomana Industry, controlled by Greek metallurgical group Viohalco | EUR 45 m | The value of annual output is seen at EUR 350 m. Half of it will be sold on the domestic market and the remainder will be exported to European countries. |
| March 10 | Loan | Kremikovtsi, majority owned by Indian steel maker Ispat Industries | n.a.(leading international financial institution) | EUR 300 m | The resource will be used for capital expenses, eco investments, commercial deals and repayment of outstanding debts to state-owned enterprises. |
| March 10 | Investments in installations | Bulgaria's Devnya cement plant and cement maker Vulkan | Italian cement producer Italcementi | EUR 10 m | Italcementi Group has invested some $160 mln in Bulgaria so far, including the $68 mln spent on the acquisition of the cement mills Devnya Tsiment and Dimitrovgrad-based Vulkan.In mid-2005, Italcementi said it will invest $20 mln-plus in its Bulgarian transport company Lyulyaka and two cement mills by 2007. |
| March 9 | Construction of villa resort | Plovdiv Municipality | Italian-U.S. property development and management company ProJest Bulgaria Ltd | EUR 20 m | Markovo Villas Resort is Projest's fifth project in Bulgaria. The company has constructed an administrative building in Plovdiv and apartment complexes in sea resort Sveti Vlas and ski resort Pamporovo, Sun Coast Villas, Rhodopi Pearl and Rhodopi Diamond. The investment in the four developments totals EUR 43 m. |
| March 9 | Five-year floating rate corporate bonds | Bulgarian construction and investment company Balkanstroy | Bulgarian institutional investors | EUR 5 m | Balkanstroy is co-owner and manager of several hotels in mountain resort town Bansko. The company is also involved in golf resort projects in Bansko and Balchik, on the Black Sea, as well as a number of industrial and residential developments. |
| 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 |
|---|---|---|---|
| March 14 | U.S. offers Bulgaria 3 options for purchase of F-18 fighters | The U.S. Navy | According to unofficial information, the cost of a brand-new unarmed fighter jet is $53 mln. |
| March 14 | Bulgaria appears to top the South East European region in holding the highest percentages of penetration of foreign banks | Media | Foreign banks control 2/3 of the assets of the banking system in the countries of South East Europe, with Austria controlling 25%, followed by Greece and Italy with 13% each. |
| March 13 | Bulgaria will launch concession procedures for some 20 disused military airports | Media | According to transport experts, investors are mainly interested in the airports that can be used for intermodal terminals |
| March 10 | Bulgarian Environment Ministry gives nod to Canada's Dundee mining project | Chelopech Mining, owned by Canada's Dundee Precious Metals | Dundee has invested $46 m in the Chelopech mine and wants to spend another $175 m on a metal production plant. |
| News and events important for investors related to the Bulgarian legislation, government and EU policy, financial and real estate sectors. | |||
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Siemens picks Botevgrad to outsource high-voltage components production - Investor: Germany's Siemens |
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| Showcase of important issues, deals, and events. | |
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March 15, 2006