Loan Consultant Says Time To Refinance Mortgage Loans Is Now 09/04/2008
Interest rates on mortgage loans rose for the third time since 2005 in March. More than 70 per cent of mortgage borrowers will have to pay higher instalments in April, Tihomir Toshev, executive director of Credit Center, an independent loan consultant, said at a news conference on April 7. In the past three months alone, eight of the 11 banks on Credit Center's watch have raised their interest rates on standard mortgage loans maturing in 25 years and financing up to 90 per cent of the property's value, Toshev said. Clients should consider re-negotiating or re-financing their contracts, the two opportune loan management options in such circumstances, he said. The time was ripe because international financial markets were settling down, the European Central Bank was set to... more

'enel' Company Builds Wind Park In Sevlievo (central Bulgaria) 21/04/2008
The Italian energy company ‘Enel' will build wind electricity parks in the territory of Sevlievo municipality (Central Bulgaria), money.bg announced. The investments in recovering energy resources are among the main priorities of ‘Enel' company. The successful realization of the wind park project in Sevlievo municipality will influence favorably the ecologically clean electricity producing and the attracting of significant investments. ‘Enel' is the biggest energy company in Italy and the second in Europe by industrial power. Enel produces and sells electricity mainly in Europe, North and Latin America and have net in 21 countries in the whole world. more

Greekcontrolled Fia Bulgaria Extends The Period For This Capital Raise 14/03/2008
FIA Bulgaria decided to extend the period for its capital increase until March 24, Dnevnik Daily reports. FIA Bulgaria offers investors 525 000 shares at a face value of one lev and issue price of 9.31 leva a share. If the whole emission is subscribed, the company's capital will reach 1.225 million leva, and the acquired funds will be close to 4.9 million leva. This has been the second case of a company extending the period of its capital increase on the BSE (Bulgarian Stock Exchange) since the beginning of the year, following Mekom’s decision in January to do likewise. more