Банкеръ Weekly

Briefs

IN BRIEF

More than 500,000 new enterprises have been set up in Bulgaria during the last four years, Petar Jotev, Deputy Prime Minister and Minister of Economy, announced at a meeting with businessmen at the Bourgas Chamber of Commerce and Industry, the press center of the Ministry of Economy announced. According to Jotev business incubators are necessary to assist the entrepreneurs in working out business plans for applying for credits from banks. Amendments are necessary in the legislation to allow the banks to increase crediting, he commented.

The 18th round of the second wave of the mass privatization will be launched on May 28, 2001. 1,381,491 shares of 183 companies will be offered at the tender. Shares of 19 companies will be traded for the first time at a public tender, the Mass Privatization Center announced. Total nominal value of shares to be offered amounts to BGN 400,472. Applications for participation will be received from May 28 to June 8, 2001. Within the same period shares obtained at the 17th round of the mass privatization are to be paid for.

Specialized equipment delivered under a PHARE project will be presented at the Center for specialization and professional training of border policemen in Pazardzik. Co-organizer of the presentation is the Delegation of the European Commission in Sofia. The project is aimed at harmonization of standards and practices of Bulgarian border police with those of the EU. The project is worth EUR 3 M. Two more projects are in the process of implementation under the PHARE program - for the modernization of the Bulgarian-Turkish border and strengthening border control along the Black Sea.

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