Банкеръ Weekly



The Commission for the Protection of Competition imposed a BGN10,000 fine on Avlena-Bild OOD - Bourgas and ordered that it terminate its existence. The Sofia-based Yavlena real estate broker filed a complaint to the Commission because Avlena-Bild used a name similar to its own.The shareholders of the Sofia-based Pangea company will authorize its Board of Directors to sell one of its real estates. The decision will be discussed on an extraordinary general meeting scheduled for November 2.ZMM-Sofia is planning to raise its capital. The decision will be taken by its shareholders on an extraordinary general meeting which will be held on November 14. The raise will be carried out through an issue of new shares and a non-cash instalment made by one of the shareholders. The shareholders will also vote for a change in the number and members of the company's Board of Directors.The Chateau Wind Hills wine-cellar was opened in the Sliven mineral baths region last week. The investment amounts to BGN3.8MN, the Ministry of Agriculture and Forestry announced. The wine-cellar was built for a year and a half with assistance from the SAPARD program - the subsidy amounted to BGN1.7MN.Austrian Airlines will take part in the forthcoming competition for privatisation of the Bulgarian national air carrier, Bulgaria Air, the Austrian company regional manager for Bulgaria, Macedonia and Kosovo Kamen Kichev said before the beginning of the first tourist Bulgarian and Austrian market.The Devnya-based Agropolychim fertilizer plant is starting to produce nitric acid after it installed a technology for repeated reduction of dinitric oxide emissions in the atmosphere, the company announced. All revenues will be invested in other ecological projects worth more than EUR20MN.Boyana Film should be privatized, but with a procedure that guarantees protection of the national interest and preservation of the Bulgarian cinema industry, the cultural minister Stefan Danailov said at a meeting with cinematographists on September 20. The minister convinced the experts that he would tell their reasons against the present privatisation procedure to the Prime Minister Sergey Stanishev.More than 400 Italian companies will be presented on the autumn technical fair in Plovdiv which is to start on September 26. Half of them are coming to Bulgaria for the first time. Italy is this year's partner of the Plovdiv International Fair for its autumn exhibition.

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