Local Press Digest

SOFIA, May 2, 2000 (Rtr)


Thousand of Socialist Party's supporters rallied on May Day in central Sofia, demanding the resignation of the country's center-right government headed by Prime Minister Ivan Kostov.


A Libyan court on Sunday postponed for June 4 the trial of six Bulgarian medics accused of infecting 393 Libyan children in a Benghazi hospital with the HIV virus that causes AIDS.


Germany's Deutsche Telecom has sought talks with the government over buying Bulgaria's state telecom monopoly BTC and obtaining a license for the country's second GSM operator, the newspaper said, quoting well-informed sources. Bulgaria is currently in talks to finalize a deal for the sale of 51 percent in BTC and granting the GSM license with a consortium of Greek OTE and Dutch KPN . In a letter to Deputy Prime Minister Petar Zhotev and Transport and Communications Minister Antoni Slavinski who are in charge of BTC sale, Deutsche Telecom has urged the Bulgarian government to launch a new privatization procedure for BTC, the daily said.


Shares of Bulgarian state telecom BTC, state-run National Electricity Company, state gas monoply Bulgargas and Bulgarian Sea Fleat should be placed on the Bulgarian Stock Exchange, its board chairman Georgi Prohaski said.

Bulgaria's chemical fertilizer producer Chimco has posted a 20 million lev ($9.4 million) dollar loss in 1999 and accumulated a debt of 60 million levs to its natural gas supplier Bulgargas, the newspaper said, reporting on a shareholders meeting held on Saturday.


Bulgaria should sharply lower its income tax and profit tax in order to attract foreign investors and revive local business, Nikolai Vassilev, Associate Director at London-based bank Warburg Dillon Read, told Bulgarian private radio Darik.

Original article