Finance

Guarantee Fund for the participation of Bulgarian companies in tenders for the postwar reconstruction of Iraq was created today. The contract was signed Danev, Chairman of the BIA, Nicholas Kavarzhikliev prosecutor DZI AD, and Diana Mladenova, chairman and chief executive officer of Eximbank of our era, in the presence of Deputy Finance Minister Lubomir Datsov. Fondat creates a sense of the Law on Obligations and Contracts, and shorter than the elimination of the need for which it was created. Financial guarantees will fund the participation of Bulgarian companies as subcontractors and subcontractors of the major contractors in the implementation of infrastructure projects, hospitals, schools, etc.

Transport Minister Plamen Petrov and communications translation today 50% of BTC dividend to the state budget. This was stated by himself on the sidelines of the parliament. Ministarat will also make a proposal to the Council of Ministers decision to transfer the entire BTC dividends to the state budget. Until now it was not possible due to the requirements of a potential buyer Viva Ventures, which was excluded from the privatization procedure explained Petrov. Toy said the government has a plan "B" if the negotiations and another candidate in telecommunications, "Koç Holding" were unsuccessful. He did not specify which version of the backup issue. On whether the delay in the privatization process will affect the price of BTY, Minister Petrov said that, even if it has no influence on the price, it is minimal.

IMF endorses the approach to the conduct of economic policy of our country. This was stated by Finance Minister Milen Velchev. Tuck said it after the approval of our country about tranzh 3sh million dollar. On the recommendation Foundation, Welch said, worry about how to use a financial reserve. I am pleased that, thanks to the measures we have taken no obstacles to an agreement dobalni financier.

The Municipal Council voted in Plovdiv request the Minister of Economy Nikolay Vassilev be dismissed from his post. According to the City Council, Minister Vassilev broke the law on privatization of the Plovdiv Fair Plovdiv and systematic damage to the economy. 3sh councils have agreed to the proposal of the Democratic Levice. Vsichki asks councilors sent a statement of the President, the National Assembly and Prime Minister of Bulgaria.

Overgas Inc. Corporation announced the largest ever corporate bond Bulgaria - 20 million, has been successfully implemented and up to date. Investment firms had full coverage on February 25, 2003, but due to the tremendous interest in the issue IPO closed today - February 20, Overgas intends this year to release at least one issue of securities to supplement the information from the Department of Public Relations. .

From 11:00 today, will be held the first online conversation with the Minister Velchev chat website of the Ministry of Finance at: Shh. Ministry of Finance. BG, the press service of vedomstvoto. Online conversation with the Minister Velchev is a step towards the modern way of maintaining communication and implementation of European legislation on the initiative "eEurope". Topics for discussion will be determined solely by members. Questions to be personally responsible Minister.

The answer to Russia's debt to Bulgaria will come together with President Vladimir Putin. This was stated by Finance Minister Milen Velchev during a conversation on the website of the Ministry of Finance. Within an hour of live Velchev Minister meets current and personal issues more than sh50 chat participants. When asked Darik radio that the financial performance of the Ministry of Finance has allocated 30 million euros to create a Balkan AIR TOUR, having appeared that did not keep records of its activities since its creation has not even been appointed chief financial officer, the Minister said that the Ministry of Finance and the government has allocated 30 million euros, which will create a Balkan AIR TOUR, fell the domestic aviation. State financial control will be closely watching how they spend the money, said Milen Velchev. For the relations of our country, Kuwait Investment Fund and, therefore, delay the letter of state guarantees for road project in Sofia, Welch said that it is still not sure that the road project is more important than the case of priority.

The Russian government decided to pay $ 35 million debt to Russia to Bulgaria next week, said Finance Minister Milen Velchev, after meeting with his Russian counterpart Alexei Kudrin. The money will be paid in cash, as was requested by the Bulgarian side, said Welch. The remaining debt was 1 hour, 5 million will contract further in the next few months. Originally they were to be paid for delivery of nuclear fuel. Velchev explained that the options that will be discussed further, are carrying cash or other effluents. Leave another 2 hours worth millions of dollars that will be using the military kompensironi delivery. Shte minimum debt reduction Velchev explained. It will be less than 10 percent.

Just a few days, Russia is expected to take us to 3h million dollars more in connection with Bulgaria. This was announced by the Government prior to the meeting the Minister of Finance Milen Velchev. According to him, the municipal debt is now his responsibility, as their Treasury paid all amounts that have been announced. Minister Velchev was clear that the end of June there is the possibility of the budget to allocate additional funds to municipalities.

The Bulgarian Financial Intelligence Agency had warned foreign offices before the war in Iraq, which should be applied with caution to possible attempts to cash transfers to finance terrorism. This was stated by Director of the Financial Intelligence Agency Vasil Kirov, but did not specify from which came preduprezhdenieto offices. Toy added that until now, our financial intelligence did not detect anything in particular, and it is doubtful, to ensure that such transfers are made in Balgar. Tion and entities with whom we work, mostly financial institutions we deal with a lot of attention to the supply, which may be associated somehow with the financing of terrorist activities, said the Kirov.