Fri, Feb 10 2012
Trakia Motorway has 115km pending construction which need to be completed within three years
Of the 10 projects halted by Phare, three have been completed and are currently in operation and the rest are under construction. 15 new projects await tender procedures by the end of April 2009
Bulgaria's Road Infrastructure National Agency suspended on December 30 2008 the tender for the construction of two sections of Trakia motorway. Thus the construction of the 36-kilometer stretch linking Nova Zagora and Yambol, and the 32-km road between Stara Zagora and Nova Zagora was postponed by an indefinite period.
The offers for parcels and real estate along the route of Trakiya highway have dropped by up to 90 per cent over the past six months, Monitor daily reported on December 12. The land plots along the highway are well placed for the construction of logistical centres, petrol stations, auto services, motels and road-side restaurants, with the most popular segments being located at strategic intersections with other highways or close to major urban centres, the daily said.
Bulgarian developer Glavbolgarstroy hired the Bulgarian office of Deutsche Bank to advise it in its bid to build Rila highway, Borislav Ivanov, the managing director of Deutsche Bank Bulgaria, said on March 5. The bank will help Glavbolgarstroy draw up its offer for the tender to build the highway section and help manage the project businesswise, as well as map out its financial parameters, according to the agreement signed a day earlier.
Bulgarian Trace Group, Patishta Holding and Glavbolgarstroy could be hired as subcontractors by the Bulgarian-Portuguese consortium picked to complete and operate the Trakia motorway under a concession arrangement, Regional Development and Public Works Minister Asen Gagauzov said on February 27, as quoted by Dnevnik daily. On December 16, 2004, the Government awarded the concession to Magistrali Trakia Jsc, a Portuguese-Bulgarian consortium, which has to build a 190km stretch and repair 162 km of the Trakia Highway, receiving in return the right to collect the road toll for 35 years. The total length of road, which runs from Kalotina on Bulgaria's border with Serbia to Bourgas on the Black Sea via Sofia, Plovdiv, Orizovo, Chirpan, Stara Zagora, Nova Zagora, Yambol, Karnobat and Aytos, is 433km. Only 293.5 km are operational now.
The European Commission (EC) recommended three amendments to the draft-contract for the concession of Trakia highway, Deputy Regional Development and Public Works Minister Savin Kovachev said. The amendments aimed at limitation of the possible risks of government expenditures that would be ranked as state aids, American Chamber of Commerce in Bulgaria edition Intellinews said. According to the
An annex to the contract for the construction of Trakia Highway was signed on April 26 by Regional Development and Public Works Minister Assen Gagauzov and a private Bulgarian-Portuguese Trakia Highway JSC Consortium. Bulgaria's Cabinet approved the annex in March. It transfered construction and traffic risks to the concessionaire, where 51 per cent of the equity capital was held by three private investors from
The Cabinet has set six ultimatums to the consortium that has to build Trakia Highway, connecting Sofia with Bourgas on the Black Sea coast. "We simply are sending these six ultimatums to the Portuguese consortium, and, depending on their response, the Trakia Highway will be finished or not," Deputy Minister of Regional Development and Public Works Savin Kovachev told national private television channel Nova
Three foreign companies were interested in Bulgarian Hemus highway, Regional Development and Public Works Minister Assen Gagauzov said as quoted by Darik Radio. Hemus highway would be given on concession according to new regulations. Bulgaria would launch an international tender for the planning and the construction of the highway, Gagauzov said. The total length of the highway would be 450
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.