Sat, Feb 11 2012
A billion euro is to be invested in road construction and reconstruction in Bulgaria over the next six years. By 2013 as much again will be invested in Bulgaria's transport infrastructure.
This was announced on August 6 when Prime Minister Sergei Stanishev and Transport Minister Petar Moutafchiev inspected the construction of a railway connecting Plovdiv and Svilengrad.
More than 989 million euro of the transport programme subsidy will be spent on road construction and reconstruction. About 580 million euro will go for railroad infrastructure. A separate 158 million euro will be spent on improvement of water transport. The transport programme is one of the seven Bulgarian operational programmes that use EU funds. It has the biggest budget.
During Stanishev's and Moutafchiev's visit to Sadovo railway station, they inspected progress on the first phase of the reconstruction of the Plovdiv-Svilengrad railway.
The route connects Plovdiv with the Turkish and Greek borders through Svilengrad. When the upgrade of the track is completed, trains will be able to travel at up to 160 km/h, making the trip much faster. The first part of the track, Kroumovo-Purvomai, is 37km long and is currently under construction. The remaining two sections are Purvomai-Svilengrad and Svilengrad-the Turkish and Greek borders.
The entire project is worth 340 million euro, of which 152 million euro is direct financial aid from the Ispa programme, 150 million euro is a loan from the European Investment Bank, and 37 million euro is being provided by the state. As part of the first phase of the project, three bridges, nine overhead crossings, one overpass, and eight underpasses are being completed.
Next year the construction of a highway from Plovdiv to Asenovgrad, 10.5km long, will start. The project will cost eight million euro, said Veselin Georgiev, who runs the National Infrastructure Fund. The Sofia-Plovdiv first-class road will also be reconstructed in 2008.
Meanwhile, a progress report on Sofia's metro construction has emerged. On August 5, mayor Boiko Borissov said during an inspection tour that 450m of the current expansion phase of the subway were ready. Borissov said that construction of the new stations was about a year behind schedule, but a change in the technology being used to build the tunnels, as well as the employment of a new team of Taiwanese workers, should help speed up the process.
The executive director of Metropolitan municipal company, Stoyan Bratoev, said that tunnels, railways and part of the infrastructure for the section from St Nedelya church to Interpred had been completed. The station at Interpred had also been built. Construction is underway of the track leading to the Mladost residential area, where there will be three metro stations. The plan is for main construction work on this part of the extension to be completed by the end of this year and finishing works to be carried out in 2008.
Simultaneous works are going on for the Saharov Boulevard to Tsankov Boulevard section. Saharov in Mladost is expected to open this autumn, while the remaining section to Tsankov will be finished in 2008.
The agreement was signed in 2006 in Athens by the transport ministers of all nations involved in the international project - Albania, Macedonia, Greece, Croatia, Turkey, Moldova, Romania, Bosnia and Herzegovina, Montenegro and Serbia, with Bulgaria eventually confirming the treaty in April 2009.
In the fourth quarter of 2011, the average monthly salary increased to 727 leva, 4.9 per cent higher than in Q3, the National Statistics Institute says.
For the first time in six months, global food prices rose overall in January 2012, the UN Food and Agricultural Organisation said.
The package will be discussed with the Association of Bulgarian Banks before the amendments are submitted to Parliament.
Debate at the half-day event will cover what has been achieved so far and what further can be done by the Bulgarian Government to support development of the market.
Selectivity, not popularity, is the driving force behind Sofia's most exclusive members' only club.

Lyubov Kostova was appointed country manager of British Council Bulgaria effective January 1, replacing Tony Buckby, who left in October 2011 to take a similar position at British Council Greece. Kostova has been with British Council Bulgaria for 11 years, as public communications manager and, since 2008, as the head of project and partnerships department. Prior to joining the British Council, Kostova was head of international activities at the National Academy for Theatre and Cinema Arts (NATFIZ). She has a degree in Indian studies from Kliment Ohridski Sofia University.

Stefan Apostolov is the new chief executive of CEZ Razpredelenie Bulgaria, the power transmission subsidiary of Czech energy company CEZ in the country. He replaces interim chief executive Ales Damm, who remains the chairperson of the CEZ Razpredelenie management board. Apostolov has 30 years of experience in the energy sector, joining CEZ in 2007 as director of customer service and was later appointed as head of business development. Apostolov has a master's degree in electric systems from the Belorussian National Technical University in Minsc, management diplomas from Open University London and New Bulgarian University, as well as a master's degree in business administration from Plovdiv University.

Valentina Dikanska is the new general manager of chemical industry giant BASF subsidiary in Bulgaria, taking over from Herbert Fisch, BASF vice president for Southeastern Europe. Dikanska, who started her career as an expert in the Finance Ministry, joined BASF Bulgaria as director of finance and administration in 2002. She becomes the first Bulgarian to hold the top management position in the company in its 40-year history on the Bulgarian market. Dikanska holds a master's degree in economics from the University for National and World Economy in Sofia.

Alexander Albin has been appointed chief executive of fuel distributor Rompetrol Bulgaria, replacing Nichita Sorin, who left to become chief executive of Rompetrol Gaz in Romania. Albin was previously chief executive of Rompetrol Georgia. He has more than 15 years of experience in the oil and gas industry; prior to joining Romania's oil group Rompetrol in 2008 as an adviser, he oversaw operations at Atyrau refinery in Kazakhstan, owned by Rompetrol's parent company KazMunaiGaz. He previously held top management positions at two other leading Kazakh oil and gas companies.