Fri, Feb 10 2012

Company Briefs

Fri, Aug 08 2008 09:08 CET

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WIRELESS PERMIT
Bulgaria's National Railway Infrastructure Company has been issued a six-month licence to operate GSM-R, a wireless communications platform developed specifically for railway communication and applications. GSM-R is part of the new European Rail Traffic Management System standard and carries the signalling information directly to the motorman, enabling higher train speeds and traffic density with a high level of safety. Thales Alcatel Lucent consortium will install the GSM-R system on the Plovdiv-Svilengrad railway.

LARGER INPUT
Cinema City International (CCI), part of Israel's International Theatres, is increasing its participation in two local mall developers by 18 million euro, Bulgarian-language Dnevnik reported on August 5. CCI will buy 15 per cent of Mall Plovdiv and 45 per cent of Malls Cinema City, which is building a shopping centre in Rousse. The deal increases to 90 per cent CCI's participation in Malls Cinema City.

INCREDIBLE PROFIT RAISE
Sugar cane producer Sugar Plants (SP), based in Gorna Oryahovitsa, had 76.8 per cent more sales for the first six months of 2008 in comparison to the same period of 2007, the firm's non-consolidated report showed. Its profit grew by the incredible amount of 471 per cent. The total income increased by 73.9 per cent, reaching 25.6 million leva. On August 4, Sugar Plants shares increased by 18.17 per cent and closed the Bulgarian Stock Exchange session at 9.1 leva.

MORE CAR ENGINES
Balkancar Zarya (BZ), Pavlikeni based car parts and engines producer, reported 51.5 per cent higher income for the first half of 2008. Its sales number increased by 50.8 per cent. The company's profit decreased by 59.6 per cent due to quick increase of expenses, which are 59 per cent higher compared to the first six months of 2007. BZ shares rose by 9.69 per cent at the Bulgarian Stock Exchange on August 4, Pari daily reported.

FRENCH IN ROUSSE
The 70 million leva plant that Montupet, the French manufacturer of aluminium components for the automotive industry, is building in Rousse will start operation on September 12, said Ivelin Dimitrov, head of human resources at Montupet Bulgaria. Aluminium auto components will make up 62 per cent of the plant output. The French investor said that the factory is designed for an initial annual turnover of 45 million euro, expected to later reach 140 million euro.

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Appointments

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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.

CEZ

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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

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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