October 14 (SeeNews) - Following are some of the main stories in Bulgarian newspapers on Wednesday morning. SeeNews has not verified these reports and cannot vouch for their accuracy.
You can subscribe to our M&A newsletter here
- The Bulgarian market of fast-moving goods is estimated at some 6.5 billion levs a year, according to a survey of end consumption in 2008 made by market researcher GfK. Retail chains had a 25.3% share of the market in the first six months of 2009.
- The Sofia city council plans to raise the capital of Municipal Bank to 35.1 million levs from 25 million levs to make the bank more attractive for privatisation. The city parliament plans to vote on the proposed capital hike on Thursday.
- French power giant GDF Suez and energy services provider Dalkia have reaffirmed their interest in taking part in the planned privatisation of Bulgaria's largest heating utility Toplofikatsia Sofia, Energy Minister Traycho Traykov said.
- The number of bankruptcies in Bulgaria rose 141% year-on-year in the nine months through September, a survey by risk management company Coface Bulgaria showed. The number of companies which were declared bankrupt in the January-September period reached 239.
- Bulgarian Finance Minister Simeon Dyankov has proposed major state-owned companies like the Sofia Airport, the BEH energy group, high-tech solutions provider Information Services, tobacco group Bulgartabac, Bulgarian Posts and arms trader Kintex to transfer 50% of their 2008 profits into the state budget to fill the budget gap rather than reinvest their earnings.
- The Bulgarian unit of U.S. Acid & Fertilisers, Agropolychim, has launched a 18 million levs investment in a waste water treatment plant at its plant in Devnya, the company said.
- Sofia city will seek a 45 million euro loan from the European Investment Bank to build five two-level crossroads. It will provide 44 million euro for the projects from its own budget, Sofia municipal council official Orlin Aleksiev said.
(1 euro = 1.95583 Bulgarian levs)