Банкеръ Weekly

Briefs

COMPANIES

The Golden Sands resort will be reconstructing its water treatment station for two years. BGN800,000 is necessary for the purpose. The local municipality has asked the Ministry of Environment and Waters to finance part of the repairs. The leisure industry company Albena AD netted a profit of BGN15.53MN in 2003, marking a 1.05% increase of the positive financial performance from 2002. The company's proceeds from sales totalled BGN74.63MN.As of February 2 Information Services AD decreased the fee for issuing an universal electronic signature by 26% on average. The annual subscription fee for an already issued signature went down 56 per cent. Information Services AD is the first licensed provider of such services in Bulgaria. LUKoil Neftochim reduced the end trade prices of fuels as of February 4. Diesel oil and gas oil decreased most significantly - by 3.6% and 4.29% respectively. The depreciation did not affect boiler oil and propane-butane. A-95 H petrol sells at BGN1,116.46/ton. The Privatisation Agency (PA) will offer seven companies at an open bidding tender. Among them are two road maintenence firms from Gotze Delchev and Vratza. The package of 85% in the Sofia-based company Technoenergo EAD has been put up for sale at an initial tender price of BGN450,000. The House of Defence in Silistra which is a part of Bointech will be also offered for sale. Germany's Kaufland will build a hypermarket in Sliven. The company will invest about EUR4MN in it. Sugar Plants AD will construct a new enterprise for alcohol, costing EUR6MN-plus. EUR1.7MN will be invested in the project this year, as well as BGN1.2MN in launching a new technological line for the production of vegetable jelly bonbons.The trustee in bankruptcy of Dairy Industry Razgrad Todor Dimitrov will offer for sale the workshop for production of cheese and a carpenter's shop on February 13. On the same date 4,280 sq. m of the bankrupt plant and spare parts could be purchased, too. The total value of the property offered for sale is BGN108,600.

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