|
WEEKLY BULLETIN
July 12 - 16, 2010
First lead capacity upgrade project of Bulgarian smelter OCK was approved by the Ministry of Environment. The project for deployment of an environment friendly lead production technology amounts to EUR 45 million should be completed within two years. The company also plans to increase its lead production capacity to 60,000 tons per annum. Kardjali-based lead and zinc company is currently busy upgrading its zinc production capacity.
The shareholders of Bulgarian telecommunications Company (BTC) decided to retain its 2009 profit and will add BGN 86 million to its capital. The Ministry of Transport which acts as a principal for the state holding a golden share in the company proposed a dividend of BGN 0.15 per share but the majority shareholders, which hold more than 90% of the company's capital rejected the proposal.
Bulgarian aluminum producer Alcomet plans to scale up production capacity by 30-35% and to expand its product range which will cost about EUR 11 million. To finance its investment plans, Alcomet will use its profit, bank loans and potential investors.
|
