Банкеръ Weekly



Great Britain's arms company Bae Systems has begun to research the Varna-based firm Black Sea. If the results are satisfactory the British will launch a joint production with the Bulgarian enterprise. This was announced by Mark Stevens, Director of Bae Systems for Earope. Steel Group Investment Consortium, in which there is Bulgarian participation, is the probable buyer of the steel manufacturer Niknis in Montenegro. The other candidates - the German company Matz Aiher and the Turkish Kurun do not meet the tender requirements, Reuters announced. The Italian companies Fafin Imobiliare, Loretta Baggio, Pelizer and Jaccomo Bugaro will invest in real estates in Sofia. Their representatives discussed the opportunities for cooperation with the Manager of ADIS Deyan Kavrakov during the week. Petrol opened in the town of Levsky its 100th filling station, which is equipped with an installation for filling vehicles with propane-butane. By end-2004 twenty more of Petrol's stations will have such equipment.

Balkanpharma Troyan sold output worth BGN36MN in the first three months of 2003. Almost 70% of its turnover comes from exports. The Privatisation Agency sold 100% of the capital of the Sofia-based company Vinimpex to Belvedere Bulgaria for BGN2.8MN. The German chain of shops Practiker intends to invest EUR50MN in Bulgaria within three years, Michael Arnold, member of the company's Management Board, said. The money will be spent on the construction of seven molls.

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