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Drug maker Sopharma boosts foreign sales in 2009 - report

Thu, Jan 21 2010 10:38 CET

byNick Iliev

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Drug maker Sopharma boosts foreign sales in 2009 - report

Photo: Nadezhda Chipeva

Bulgarian pharmaceutical company Sopharma reported a 280 per cent increase in sales in southeastern Europe and Turkey in 2009, website investor.bg reported on January 21 2010. The company did not specify the account, the report said.

Sopharma reported a 118 per cent increase in consolidated revenue to 11.7 million leva for the third quarter of 2009. For the first nine months of 2009, Sopharma's profit was 31.2 million leva, a 90 per cent increase over the same period of 2008.

Sopharma said on January 5 2010 that overall exports grew by 16 per cent in 2009. Exports to European Union countries increased by 35.8 per cent and shipments to Asia rose by 36.1 per cent. Exports to Russia and the US grew by 11.3 per cent and a 6.7 per cent, respectively.

In the last quarter, the drug company's shares lost 3.11 per cent to 4.108 leva, which put the company's market capitalisation at 542.3 million leva.

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Bulgaria's Sopharma Trading's profit soars

Bulgarian drug distributor Sopharma Trading, part of local pharmaceutical group Sopharma, saw its profit triple to 5.3 million leva in the first nine months of 2010 compared with the corresponding period a year earlier.

Sopharma now controls 31 per cent in Unipharm

The move is part of the company’s efforts for consolidation within its group as in early 2009 Sopharma CEO Ognyan Donev said he planned mergers with group members Bulgarian Rose-Sevtopolis, Medica and Unipharm, in all of which Donev holds stakes.

Sopharma launches first Bulgarian-made drug on Austrian market

Traditionally, the German and Austrian markets are considered as two of the most conservative markets in terms of drug approval, company said.

Sopharma reports 12 per cent rise in sales in 2009

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Sopharma may list on Warsaw bourse in 2010

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Sopharma reports H1 sales of 82.6M leva

For the first six months of 2009, the company has reported 22.55 million leva in net profit, more than double the amount for the same period of 2008

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Employment Agency

Kamelia Lozanova has been appointed the executive director of the Employment Agency, a position she has held ad interim since September 2011, following the resignation of her predecessor Rossitsa Stelianova. Prior to that, Lozanova was the agency's deputy executive director in charge of international projects and European programmes. She has been with the agency for more than 20 years. Lozanova has a degree in Slavonic philology from the St Kliment Ohridski University of Sofia.

Uniqa

Uniqa

Gloria Dimitrova has been appointed executive director and member of the managing board at Uniqa Life Insurance Bulgaria. Dimitrova began her career in 1998 at the insurance supervision directorate, but moved to the private sector and worked for professional services and insurance brokerage firm Marsh&McLennan and US insurer AIG, both in Bulgaria and the Middle East. She joined Uniqa as regional director for Sofia in 2010. Dimitrova has a degree in economics from the University for National and World Economy in Sofia and a master's degree in insurance from the Business Academy in Svishtov.

Beiersdorf

Beiersdorf

Bedros Kalfayan, general manager of skin care and cosmetics company Beiersdorf Bulgaria, will oversee the parent's company units in Romania and Moldova starting April 1. Following company restructuring, Beiersdorf's subsidiaries in the three countries were merged and are now one unit, part of Beiersdorf Central and Eastern Europe. Kalfayan joined Beiersdorf in 2007 as sales manager and was promoted to general manager in 2008. Prior to that, he worked for Axxon Bulgaria, Ferrero and Rubella. Kalfayan has a master's degree in industrial management from the Technical University in Sofia.

Kamenitza

Kamenitza

Yassen Lyubenov is the new head of marketing at Bulgarian beer brewer Kamenitza. Lyubenov has 12 years of experience in marketing in the fast-moving consumer goods sector and has started his career as assistant brand manager at Kraft Foods Bulgaria. He later became brand manager at Wrigley Bulgaria, with responsibilities for Bulgaria and Macedonia. Prior to joining Kamenitza, he was senior marketing manager at Wrigley Russia, where he was in charge of brand expansion into Ukraine, Belarus, Central Asia and the Caucasus. Lyubenov has a bachelor's degree in international business administration from the University of Lincoln, UK.

Hewlett-Packard

Hewlett-Packard

Sasha Bezuhanova has been appointed Hewlett-Packard public sector director for emerging markets, where she will oversee HP public sector activities in 63 countries, including Bulgaria. Bezuhanova will also be in charge of HP's relations with the European Union. Bezuhanova has been HP's public sector director for Central and Eastern Europe since 2008; before that she was general manager of HP Bulgaria since 1998. Bezuhanova has a master's degree in electronics from the Technical University in Sofia and has completed a managment programme at INSEAD.

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