CEOL
Press Digest

Bulgaria

SOFIA, Apr 12, 2000


STANDART

The Netherlands would like to see a deal for the sale of 51 percent in Bulgarian state telecom monopoly BTC to a consortium of Greek OTE and Dutch KPN finalized as soon as possible, visiting Dutch Foreign Trade Minister Gerrit Ybema said.

Dutch companies were interested in investing in Bulgaria's energy sector, Deputy Prime Minister Petar Zhotev said after meeting visiting Dutch Foreign Trade Minister Gerrit Ybema.

Sheraton Sofia Balkan hotel posted a net profit of 4.958 million levs ($2.454 million) in 1999, state news agency BTA said but did not provide comparative figures for 1998.

24 CHASA

Candidates to buy Bulgaria's state tobacco monopoly Bulgartabak Holding plan to join forces in a consortium and submit a joint offer, the newspaper said, quoting informed sources.

So far Philip Morris and Britain's Gallaher Group have submitted letters of intent to buy 51 percent in Bulgartabak. Bids will be accepted until April 28.

TRUD

The average age of Bulgaria's population now is 41 years, Social Policy Minister Ivan Neikov said. According to official statistics, in 1998 the average age was 39 years.



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