Fri, Feb 10 2012

101 state-run companies put on watch

Fri, May 02 2008 12:12 CET

byElena Koinova

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Bulgarian ministries will put 101 companies under special surveillance, the Bulgarian Government decided April 30. The companies in question are either majority state-owned or the state has a "golden share" in them, allowing it to block key decisions of the majority shareholders.

The decision aims to tighten fiscal discipline at the companies, preventing them from straying from their financial targets, assessing their risk profile and ensuring they pay their taxes on time, the Government's press office said.

Individual ministries will be tasked with tracking the financial and business health of enterprises, their business plans and overall performance.

The companies are divided into two categories. The first, comprising 79 majority state-owned firms, includes Bulgarian state railways BDZ; the company managing the railway infrastructure; shipping firm Navigation Maritime Bulgare; the ports of Varna, Bourgas and Vidin; the port complexes of Lom and Rousse; the airports in Sofia, Plovdiv and Gorna Oriahovitsa; Bulgarian Post; gas companies Bulgargaz and Bulgartransgaz; heating utilities; and defence industry companies.

The second category, comprising 22 companies of public interest, in which the state has the "golden share", includes flag carrier Bulgaria Air, Bulgarian Telecommunications Company, Agropolichim, Arsenal, Assarel Medet, CEZ Bulgaria, Kremikovtzi and LUKoil Neftochim.

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Appointments

British Council

British Council

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.

CEZ

CEZ

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

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.

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