Finance

58sh staff representatives Grand Hotel Varna AD, today complained to the Commission on complaints and citizens, announced today +. 12 years they have not received dividends from their shares of employment, while 2.8 percent of the workers 20 percent owned by the Ministry of ikonomikata. Reshenieto Property Team Grand Hotel Varna AD is established and the Commission on Tourism, said Dimitrichka Stoyanov, which owns shares of sh87. She added that in 1991, working owners of 35,287 shares, each of which was set to 1000 levs. Predicate for three months, they enlisted the help of deputies from the Coalition for Bulgaria Petar Dimitrov than any so far no reply.

Finance Minister Milen Velchev will meet with head of IMF mission for Bulgaria, Gerald Schiff. Schiff with us in connection with the ongoing mission of the Foundation, which aims to make the third review of the agreed program within two years of the agreement between Bulgaria and the IMF to monitor the implementation of the budget for the first quarter of 2003.

Controversial report of the ministry is one of the topics for discussion at today's meeting of the Political Council of the NMS. This was stated by Finance Minister Milen Velchev before the meeting. I have not received the report he is required by customs, I can not say whether it was received, he said. He said he will seek answers today in connection with the disputed document from the Interior Minister Georgi Petkanov. The minister declined to comment on whether Velchev scandal hit the fall point rating of the NMS. In connection with the tendency to drop the dollar and the trade minister of Foreign Affairs of Bulgaria Velchev said the debt portion of the debt is so large that the relatively small fluctuations (b oscillations. Lina.) The dollar can not affect the transaction.

Hungarian OTP Bank is selected for the buyer told Finanz DSC. neshs. BG. TNA won unanimous in the race for the DSC against Austrian ERSTU choice bank. Opredelyashta was the price of 311 million, TNA offered. 10 days must be made in the Hungarian bank, otherwise the BYY will begin negotiations with ERSTU Bank.

Third review of two-year agreement with the IMF completed "successfully", said Finance Minister Milen Velchev and the head of IMF mission in Bulgaria, Gerald Schiff. IMF Mission in Bulgaria made a very good development of the economic environment and a very good performance of the financial program of the government. Velchev added that the observance of all the parameters of the agreement. Gerald Schiff ensure that macroeconomic changes are very positive in 2002 and 2003. It is possible to achieve economic growth at 5% level. Schiff says inflation is low and the fight against the current account deficit. The IMF, however, stressed that there is pressure on the outstanding costs in the health sector and municipal budgets. They recommended the program to the program of structural reforms to be implemented much more aggressively in the coming months.

Finance Minister Milen Velchev will inform the National Assembly for the privatization of DSK Bank. He said it was the most successful business deals in Bulgaria today. We can congratulate ourselves on a fully privatized banking sector, the minister said Velchev told lawmakers. He shared all the difficulties of the procedure of privatization of the bank and assured the MPs that the buyer at the price of Hungarian OTP is very good, and the parameters of the deal - much cheaper in Bulgaria than comparable sales in Eastern Europe. Velchev said that as soon as possible after the completion of the sale of DSK Bank and Government will discuss the possibility of legal liability guarantees and commitments on BYY all contracts with customers of the banks that the company has a controlling stake. If Parliament accepts this decision will allow the termination of the agreements signed between the government and consumers Bulbank, Biochim Bank and DSK and the beginning of the voluntary liquidation of the BCC.

The size of the social old-age pension should be increased from sh, shch leva to 50 leva Government will, at its meeting today, announced the press office of the Council of Ministers. Indexation of pensions, which will come into force on 1 June will be higher speed - 1072 instead of 10sh2 as income to the state social insurance budget allow greater magnification. Tavanat pension $ 200 instead of the previous 18sh, 5sh leva and the minimum retirement age and will be EUR 57.50 instead of 53 EUR shch adoption of the new rate of social old-age pension will vary and the minimum pension and benefits, is determined as a percentage of that pension. For example, a personal pension, which amounts to 90 percent of the social old-age pension will be P5 of levs and a bonus for foreign aid, which accounts for 75 percent of old-age pension is EUR 37.50

Bondholders, who dematerialized bonds BG 210000203ch Overgas Inc. Mr.. Oe. , Held its first general assembly, the press service of the company. Meeting was attended by 88% of the co2 signed communication JSC "Overgas Inc. AD. The Forum elected representative of the bondholders East Finance Company LLC. Information recalled that the first day of secondary offering of the bond issue of JSC" Overgas Inc. AD was March 19, 2003. The first interest payment will be from September 1 this year. The maturity date on 2m in August 2008. Trading bonds' Overgas is active. Savetat of Directors of Bulgarian Stock Exchange, with its decision in the record number N of March 18, 2003, sales of corporate bonds, "J. Overgas Inc. held the official market - the bond market.

Currently, the Central Depository are registered 9515shsh211 compensation reported Finanz tools. neshs. BG. By type of document is as follows: - Residential compensation bonds - BGN 101 501 777 - Compensation records - BGN 285 770 ch35 - The roll-call compensation vouchers - ch1ch shshch 778 lv. Straighten the last week the total amount of registered securities increased by almost 1 hour, 5 million of the most important thing prirastatat bonds, which constitute more than half of the registrations knizha. With about h, 5 million records and housing records increase of about 1.5 million leva. The scope of assessment does not include documents that have been used to date, ie, is the amount of securities that are currently active and that may be involved in the privatization of all the other areas that the law gave. On the Stock Exchange trading today, compensatory instruments and enhance the value of securities rose slightly.

The building of the Bank Consolidation Company (BCC) in the presence of potential buyers will bid for DSK Bank. Deadline expires in 12. 00 hours today - April 10, 2003 documents are accepted in the office of the bank consolidation. Executive Director of the BYY Nelly Cordoba and the chairman of the board of directors Velchev will explain in further procedural steps in the competition for DSK Bank.