Pioneer leads Bulgarian investment fund market

Pioneer Investments said it manages assets exceeding 50 mln levs in Bulgaria, giving the company 37% of the local market. Bulgarian investors have a choice between 13 Pioneer subfunds marketed via the office network of Bulbank. ... More

Austria’s Raiffeisen Funds

Eight funds of Austria’s Raiffeisen Capital Management will be open to investors from Bulgaria. They will be accessible through Raiffeisen Bank’s offices and will be offered by Raiffeisen Asset Management, which was ... More

First Islamic Stock Market Investment Fund in Turkey

One of the Ulker affiliates, the Bizim Securities, will realize the "Islamic Turkish Index" formed by one of the biggest institutions of the world, American Dow Jones, in 2004. The company will present Dow Jones Islamic Market ... More

Talks on new regulations for Bulgarian stock exchange

A DISCUSSION has been launched about a project for new trade regulations on the Bulgarian Stock Exchange - Sofia (BSE). Radoslav Zheliazkov, a member of the stock exchange’s management team, made the announcement on ... More

INTRALOT increases substantially its participation in the Turkish Betting

INTRALOT has proceeded to an agreement to acquire a 20% stake in the Turkish Sports Betting operator INTELTEK. With the completion of this agreement, INTRALOT will increase its stake in the company from 25% to 45%. INTELTEK has ... More

Intralot to bid for UK lottery license

Intralot management said that it plans, jointly with Ladbrokes, to bid for the license to operate the UK Lottery. Intralot’s medium-term strategy targets the markets of Germany and Italy. Intralot management reiterated ... More

Agreement for projects relating to cultural and historical heritage

Bulgaria's Minister of Culture Stefan Danailov and Swiss Ambassador Rudolf Knoblauch signed an agreement on the implementation of projects relating to cultural and historical heritage preservation. The national fund Culture, the ... More

Erdemir sells Yarimca Porselen to Dubains

Yarimca Porselen (Porcelain), a subsidiary of Erdemir, the largest Turkish company manufacturing iron and steel, as well as the only company to produce integrated flat steel, has been sold to the Dubai Port Authority. The sale ... More

Expomil opened its gates

The military technology and arms exhibition, Expomil, opened its gates presenting a wide variety of artillery weapons, armoured vehicles, tanks, munitions and explosives, as well as IT and telecommunications. Ioan Ion, ... More

Rosia Montana slated for around $770 mln investment

Gabriel Resources, the Canadian company that owns 80 percent of Rosia Montana Gold Corporation (RMGC), plans to invest a total of $770 million during the entire duration of the project, estimated at around 20 years from becoming ... More

World Bank approves 17.5 million dollars to clean albanian coastline

The World Bank’s Economic Council has approved the proposed 17.5 million USD grant which will be used for the cleaning of coastal areas of Albania. The goal of the project is to protect the natural resources of the Adriatic ... More

Romanian Arms Industry looking for foreign partners

ExpoMil, the exhibition dedicated to the arms industry opened on Thursday at Romexpo, having as co-organiser the small arms producer - National Company Romarm. Companies from US, Japan, Israel, Turkey and fifteen European ... More

What happened in International Plovdiv Fair?

The opening of this year’s autumn International Plovdiv Fair on September 26 saw a record number of participants, and millions being spent on new Mercedes. According to Bulgarian-language media reports, sales of luxury ... More

Question mark over Boyana Film studios privatization

Culture Minister Stefan Danailov has written to Prime Minister Sergei Stanishev asking for the sale of Boyana Film studios to the US company Nu Image to be reconsidered. In a tender held in February, Nu Image placed the ... More

About €14 bln to Invest in Drinking Water Sector

Total costs enforced by the European directives' implementation in the drinking water and urban waste water fields amounts to some 14 billion euros. It is estimated that until 2018, when the transition periods in this field ... More

EC: Support for improved waste management

The Final Conference of the “Support for Improved Waste Management in Bosnia and Herzegovina” project took place in Sarajevo on Friday. The project is financed by European Commission’s “Community ... More

World Bank to finance the Business Environment Reform

The World Bank approved a US$11.3 million loan for the Business Environment Reform and Institutional Strengthening Project (BERIS) for FYROM. This project will assist the government in its efforts to improve the business ... More


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