Банкеръ Weekly

Briefs

UNICREDITO TOOK THE 2000 FOREIGN INVESTORS PRIZE

The Italian UniCredito won the 2000 Foreign Investors Prize. The institution has bought BULBANK for EUR360MN. The ceremony, which took place at the Kempinski-Zografski Hotel on April 18, 2001 was attended by a considerable number of Bulgarian ministers, headed by Vice Prime Minister Peter Jotev.
As the distributed prizes covered eight categories, very few investors did not receive any prize. Even Martin West, the Irish landholder in Dobrudja and the Pavlikeny-based poultry farm, owned by the Dutch brothers Van Lijven also received prizes.
The Turkish Arkomat, working for the Volkswaggen branch in Turkey, was awarded for its investment in car electric cables production in the town of Kazanlak. By establishing this production site the Turkish company opened 605 new working places, said Ivan Nejkov, Minister of Social Welfare.
The German Liebherr was also among the prize winners for the largest greenfield investment for the refrigerators plant near Plovdiv. Other prize winners were the Austrian supermarket chain Billa, C N Touristik for their participation in the Zlatny Pyassatsy privatisation, and Balkan News Corporation, owner of bTV.
Georguy Tabakov, Chairman of the Foreign Investments Agency, showed once again his natural optimism sharing his expectations of investments increase up to USD1.3BN in 2001. He pointed out that only in January the investments amounted to USD200MN. Three quarters of this amount come from the second GSM operator licence and from the privatisation of Pamporovo by the Swiss Tourist Invest. Since January, however, there were no new deals with foreign investors.

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