The combined profit of the major Bulgarian pharmaceutical companies has seen a strong increase of 26% in the first quarter of 2010. Thus, the combined profit of the six Bulgarian pharmaceutical producers listed on the Sofia Stock Exchange – Sopharma AD, Medica AD, Bulgarian Rose – Sevtopolis AD, Momina Krepost AD, Unifarm AD, and Septona [...]
Bulgarian producer prices in the industrial sector rose 5.2% in March on annual basis, National Statistical Institute (NSI) data showed on Friday. On monthly base the inflation is 1.3% compared to February. The most significant increases are registered in the production of metals with 36.2% and tobacco products – with 16.5% y/y. On monthly basis [...]
French company Saint-Gobain Weber started Wednesday the construction of its second factory in Bulgaria. The ground-breaking ceremony for the factory located near Izvorsko village, Aksakovo Municipality, close to Varna, was attended by Bulgaria’s Regional Development Minister Rosen Plevneliev. The second factory to be built by Saint-Gobain Weber in Bulgaria will also be producing dry construction [...]
The Bulgarian machine building factory Dynamo has seen a staggering 300% growth in its orders for the first half of 2010 year-on-year. The boost for the machine plant located in the eastern Bulgarian city of Sliven has come from orders for its “brushless alternator”, type DEA 450, according to the company’s statement issued Thursday. The [...]
Bulgaria’s Privatization Agency hopes to complete the sale of state-owned cigarette monopoly Bulgartabac in 2010. This has been announced by the head of the Privatization Agency, Todor Nikolov, who explained that the privatization procedure for Bulgartabac had reached a phase in which the state is preparing its sale together with the consultant it picked in February, [...]
Over 100 workers in a paper plant in Bulgaria’s town of Kostenets have declared hunger strike over an optimization plan of the management. The specific reason for the strike is the intention of “Paper and Paper Products – Kostenets” Jsc to lay off 24 workers without any compensations, according to a statement of the Confederation [...]
International pharmaceutical company Actavis Group has announced it will sell its major Bulgarian distributor Higia Jsc. Higia Jsc, one of the largest distributors of pharmaceuticals in Bulgaria, was acquired by the Actavis Group in 2005. Higia has been sold to a private investor for an undisclosed amount. “We chose the best offer not only for [...]
Over 100 workers in a paper plant in Bulgaria’s town of Kostenets have declared hunger strike over an optimization plan of the management. The specific reason for the strike is the intention of “Paper and Paper Products – Kostenets” Jsc to lay off 24 workers without any compensations, according to a statement of the Confederation [...]
The construction of a new plant for the production of biofuels will begin by the end of 2010 in Bulgaria’s southern city of Kardzhali. The information was provided by Yves Crits, CEO of the Belgium company 4Energy Invest, which specializes in renewable energy by creating and managing a portfolio of small to middle-sized locally embedded [...]
Bulgaria’s index of total producer prices rose 3% in January 2010 in comparison with the same month last year, after plunging 5,53% during the first months of the crisis, data showed on Friday. The inflation on a monthly basis stood at 1,8%, the statistics office said in a statement. Bulgarian producer prices on the domestic [...]
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