Банкеръ Weekly



The former executive director of the Targovishte-based Terem plant Spirodonov and Stoyan Naidenov, Manager of Poldis company, were given four-month probational sentences with a three-year period of probation. The two are accused of having exported commodities with possible dual use to Syria. The other defendant in the case - Ivan Grozev, former director of the Borovo military establishment, was declared not guilty. The country's Prosecutor General Nikola Filchev ordered colonel Ganchev, Military Prosecutor of Appeal, to protest against the sentence.The US-based company ABT Association, which won a tender for delivery of medicines in post-war Iraq, may invite two Bulgarian firms - Sopharma and Balkanpharma, to become its sub-suppliers. Currently, the US company is holding a research of the two pharmaceutical firms.The Greek company Fibran is planning to build a plant for heat insulation materials near Rousse. The investment will amount to EUR6MN. The Sofia-based Balkanstroy has been hired to do the construction works.On May 26 the Finance Minister Milen Velchev opened the Vidachim modernized rubber-mixing workshop. The unit will be producing about 45 tons of mixture per day. The equipment has been provided by the company Werner Pfleider.Doverie Industrial Holding and the British company Marks Spencer signed a three-year agreement for production of ready-made clothes, to be tailored in the Petrich-based plant Bilyana Triko, which is owned by the holding.The Sofia-based company Bulgarian Bread will sell an 80% stake in the Rousee-based Bread Yeast to a Turkish company specialized in the production of yeast. Negotiations are to be finalized in end-June.Workers of the Shoumen-based Madara plant insisted again on getting their wages from the company. They launched protests on May 26.

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