Albena AD becomes the owner of the concession for bottling mineral water from the spas at the resort. The company will pay USD 18 million for the concession and will have the right to produce 2 million cub. m water per annum for a 25-year period.
Source: Standart (28.01.1999)

The profit of sea-side resort "Albena" JSC for 1998 is in the amount of BGL 11 billion. This became clear after a meeting of the company's Board of Directors. The company has already marked 20 per cent increase at German market for the summer '99 in comparison with summer '98.
Source: Democracy (16.02.1999)

2 per cent of the profit of "Albena" JSC for 1998 - BGL 11 billion, to be allocated as dividend - this will be suggested to the shareholders at the company's General Meeting. Shareholders of "Albena" JSC are "Albena Invest Holding" JSC, "Albena 2000" JSC, Banque National de Paris, Balchik Municipality, Datron European Grownsund, Drayfuss Yarsten Europefilm AP, Regent Pacific Nomines Kiprus.
Source: Democracy (17.02.1999)

At the General Meeting of "Albena" JSC, that will be held on March 15, will be reported a profit of BGL 11 billion for 1998. Biggest part of the profit will be re-invested. Shareholders of "Albena" are 23 juridical entities and 5000 natural persons. Among the biggest shareholders are "Banque National de Paris" (London branch), Balchik Municipality and the manager-employee company "Albena 2000" JSC.
Source: Sega (15.03.1999)

"AKB Corporation" won the open tender for the sale of 60 per cent of the capital of holiday village "Russalka" JSC. The privatization intermediary in the deal was "Raiffeisen Investment". Six candidate-buyers bid, starting from a price of USD 500.000. The final price offered by "AKB Corporation" was USD 2.010.000. In the second place was classified the manager-employee company "Russalka" JSC with a price of USD 2.000.000. Two of the candidates were foreign company "Dunabia' JSC (Slovakia) and the natural person Mr. Hanya Kim from the USA. The other candidates were "Albena" JSC and "Overgas Inc" JSC. Under the deal "AKB Corporation" will pay 50 per cent of the price cash and the remaining 50 per cent will be paid within 30 days in government bonds.
Source: Democracy (16.03.1999)

À dividend in the amount of BGL 1,400 to be distributed, was decided at the General Meeting of the shareholders of "Albena" JSC. The company’s profit for 1998 is in the amount of BGL 7.535 billion, the Chairman of the Supervisory Board of the sea-side resort Mr. Krassimir Stanev reported. The major company’s shareholders are "Albena Invest Holding" JSC, "Albena-2000" JSC and Balchik Municipality. "BNP - Dresdenerbank" JSC - Sofia has decreased its participation in the company down to 8.86 per cent. BGL 18.968 billion was invested for reconstruction of the resort in 1998. It is seven times more in comparison to the investments made in the preceding year. Thus the company’s assets increased up to BGL 90 billion.
Source: Pari (16.03.1999)

"Albena" JSC will apply for a concession right on the beach strip in Kranevo, stated the Director Mr. Ivan Kalinkov. He also said that the annual price of the concession could not exceed BGL 30 million.
Source: Pari (21.04.1999)

The turnover of Bulgarian Stock Exchange - Sofia JSC on April 27 was BGL 25.524.552 - less than half of this amount resulted from real transactions with liquid funds. On official market segment "B" were traded 10 shares of Antibiotic JSC, each per BGL 6.800. On segment "C" were concluded 8 transactions - 3.133 shares of BGL 6.358.832 were sold.
Source: Pari (28.04.1999)

The casino in the sea-side resort Albena JSC (Varna) received a license by the Hazard Games Commission (HGC) at the end of last week, was reported from the Ministry of Finance. The new owner of the casino is Black Sea-2000. In October 1998 HGC took away the license of the casino and did not consider the request of its former owner Albena JSC for a temporary closure during the winter months.
Source: Standart (17.05.1999)

A block deal of 258 265 shares of Albena JSC (Albena) was executed on the pit of BSE-Sofia on June 23, 1999. The price per share is BGL 6 164. According to brokers BNP Dresdner Bank, Sofia branch had sold its share of 5 per cent in the sea-side resort's capital to another foreign investor.
Source: Pari (24.06.1999)

The investment programme of Albena JSC for the year of 2000 will equal the funds invested in the last 3 years. Next year 6 hotels in the resort will be subject to reconstruction. This week in Albena will arrive experts from the biggest Spanish hotel chain Iberostar, stated the Executive Director of Albena JSC Mr. Krassimir Stanev.
Source: Pari (09.08.1999)

Nearly BGN 30 million will be invested by Albena JSC in the year of 2000, decided the company's Board of Directors. 6 of the hotels will be reconstructed.
Source: Democracy (20.08.1999)

Dobrich District Court registered a change for Albena - JSC: the capital is denominated to BGN 4 273 126.
Source: State Gazette (15.10.1999)

The biggest German touring agency Neckermann is going to invest DEM 18-DEM 20 million in building and reconstruction of hotels on Bulgarian seaside.
Source: Standart (18.10.1999)

German touring agencies are going to invest DEM 42 million in Bulgarian tourism in 2000, was reported from the Ministry of Trade and Tourism. Nechermann is going to invest DEM 18 - DEM 20 million in resorts Dyuni, Sluntchev Bryag, Zlatni Piasatzi, Albena and Elenite. ITS and TUI are also going to make investments in Bulgaria.
Source: Pari (25.10.1999)

Resort complex Albena JSC will end the season with a profit of BGN 6 million, stated its Executive Director Mr. Krasimir Stanev.
Source: 24 chasa (01.11.1999)

Two foreign companies have shown interest in privatization of the casino in Albena resort, stated Mr. Krasimir Stanev, Executive Director of Albena JSC.
Source: Pari (03.11.1999)

The hotel re-constructions in the sea-side resort Albena JSC are largely financed by Neckerman-Belgium, Mr. Vesselin Penchev, head of the Sofia representative office of Albena JSCannounced.
Source: Pari (12.11.1999)

The after-tax profit of Albena JSC for 1999 is DEM 7.5 million, stated Executive Director Mr. Krassimir Stanev. In 1999 the resort has been visited by tourists from Germany, Israel, Near East, Eastern Europe.
Source: Sega (22.12.1999)