Local Press DigestBulgaria
SOFIA, Apr 26, 2000 (Rtr)
A total of 45 Bulgarian private companies set up a Employers Union to safeguard their interests. Private businesses account for nearly 70 percent of Bulgaria's Gross Domestic Product President Petar Stoyanov said at the founding ceremony.
Bulgaria's exports in the first two months of this year totaled $690.3 million, up 49 percent from the same period in 1999, Deputy Economy Minister Hristo Mihailovski said.
Bulgaria's DSK Bank, formerly the State Savings Bank posted a gross profit of 13.873 million levs ($6.7 million) in the first quarter of this year, DSK's Executive Director Violina Marinova said.
Deputy Economy Minister Hristo Mihailovski said he expected Bulgaria's trade deficit to remain unchanged from last year's level of around one billion dollars. Bulgaria posted $1.068 million trade gap for last year.
Bulgaria's biggest oil refinery Lukoil-Neftochim raised fuel prices by five percent, effective from Tuesday, due to a rise of oil prices on international markets. Neftochim is majority owned by Russian oil major LUKoil.
A total of 633 young Bulgarian professionals working in the country and abroad are expected to take part in a government-sponsored gathering this week to discuss challenges facing Bulgaria in accession talks with the European Union. The two-day event starts in Sofia on Wednesday.