Fri, Feb 10 2012
The bridge over Danube River that will link the Bulgarian town of Vidin and Calafat in Romania is still on track to meet its April 2010 deadline, Bulgaria's Transport Minister Petar Moutafchiev said on August 28 2008, as quoted by Focus news agency.
The project is currently six months behind the schedule, caused by additional geological and archaeological surveying that Spain's Fomento de Construcciones y Contratas (FCC), picked to build the bridge and the adjoining infrastructure on the Bulgarian side, had to carry out at the request of the project manager, Moutafchiev said.
FCC has vowed to make up for the delay, so that construction is completed on time, Focus quoted him as saying.
Asked to comment on recent media reports that FCC planned to ask that it was paid more for the construction of the bridge, due to the increasing costs of raw materials, Moutafchiev said that no such request has been filed yet.
"Projects such as Danube Bridge 2 can run at higher-than-estimated costs. The issue is that any request for more money has to have solid grounds," Moutafchiev said. "Any increase has to be within the boundaries negotiated and included in the contract."
Bulgaria's initial cost estimates for the project was 226 million euro, with the bulk coming from the European Union - 70 million euro under the bloc's Ispa pre-accession program and a further 70 million euro from the European Investment Bank. The Ispa funding has to be used by the end of 2010, which is also the target launch date for the bridge.
Reports in Bulgarian media in recent days suggested that FCC planned to ask for an additional 100 million euro, a figure Moutafchiev has rejected out of hand.
During visit to Bulgaria by Romania’s prime minister, memorandums of understanding to be signed on cross-border co-operation and air space.
Bulgaria and Romania have little more than a year to complete Danube Bridge 2
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.
Too often, small business owners ignore cash flow, to their own detriment.

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.