Local Press Digest


SOFIA, Apr 21, 2000


The main opposition Bulgarian Socialist Party plans to place a motion of no confidence in the center-right government of Ivan Kostov over allegations of corruption among senior government officials, party leader Georgi Parvanov said.

Bogomil Bonev, a former interior minister in the first cabinet of Prime Minister Ivan Kostov, was sacked from the government last year due to close links with Russian businessman Michael Chorny, parliament speaker Yordan Sokolov said.

Kostov replaced Bonev in December as part of a major government reshuffle. Earlier this week Bonev said that last year Kostov failed to react to interior ministry's reports of graft among top government officials.

Bulgarian President Petar Stoyanov defended Prime Minister Ivan Kostov against recent political attack by Kostov's former interior minister Bogomil Bonev but appealed to Kostov to act decisively to clear the ruling UDF party of allegations of corruption.

The private Bulgarian Post Bank posted a net profit of 313,000 levs ($151,942) which would be paid out as dividend, the bank's executive director Vladimir Vladimirov said.


Bulgaria's Privatization Agency said it would sell 54 percent in veterinary drug producer Biovet to the Bulgarian Pharmaceutical Company for $10.6 million in cash, the agency's supervisory board chairman Assen Dyulgerov said.


Three bidders submitted offers to buy Bulgaria's biggest bank Bulbank, Deputy Prime Minister Petar Zhotev said. Zhotev did not name the bidders but the newspaper said these were Belgium's KBC Bank , a consortium of Italy's UniCredito and Germany's Allianz AG , and a second consortium of France's Credit Agricole and companies owned by Greece's Vardinioannis family.

Bulgaria's only GSM operator MobilTel is expected to finalize a deal to buy local daily Standart by end-week.


A second bridge over the Danube planned to link Bulgaria and Romania could be built in a year and a half if the European Union agreed to hold a joint tender for designing and construction of the bridge, Bulgaria's Construction Minister Evgeni Chachev said.

Original article