Fri, Feb 10 2012

Business Briefs

Fri, Mar 07 2008 16:00 CET

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IXETIC INVESTS IN PLOVDIV
Ixetic, a German manufacturer of hydraulic and vacuum pumps for the automotive industry, has announced plans to build a seven million euro plant in Plovdiv by the end of 2008, Dnevnik daily reported on March 4. The plant will manufacture power steering and vacuum pumps. It will occupy 10 000 sq m in the city's Rakovski industrial zone and will employ 30 workers. Ixetic currently has production operations in two locations in Germany and one each in of the US and Japan.

CHELOPECH MINING CONCESSION
The Ministry of Economy and Energy and the concessionaire of Chelopech gold mine, the Canadian Dundee Precious Metals, are in talks to raise the concession fee by 10 per cent and to reinstate the state as a shareholder in the mine, Bulgarian Economy and Energy Minister Petar Dimitrov told Parliament on February 29, mediapool.bg reported. The ongoing talks were started at the initiative of Environment and Waters Minister Djevdet Chakurov, who insisted that the state recovered a stake in the mine and use the dividend to finance environmental projects.

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Ixetic car-parts manufacturer begins production in Bulgaria

The newly-built industrial plant in Rakovski represents an eight million euro investment.

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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.

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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.

BASF Bulgaria

BASF Bulgaria

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.

Rompetrol Bulgaria

Rompetrol Bulgaria

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