Albena JSC - Albena expects 55 000 German tourist to visit the sea-side resort this year, the Director of the company's Department Foreign Market Mr. Elena Georgieva reported. This is with 20 per cent more in comparison with the previous year. After the latest reconstruction in the resort more than the half of the hotels are offering to German tourists through the tour-operators Nekerman, TUI and ITS.
Source: Standart (03.02.2000)

Sofia City Court registered in the Trade register Albena Tourist Service ATC - SP Ltd. The head-office and address of the company is Sofia, Vassil Levski 93 Str. The activity of the company is tourist activity and providing of tourist services. The capital of the company is BGN 50 000 and its owner is Albena JSC. The company is managed by Mr. Vesselin Penchev.
Source: State Gazette (18.02.2000)

The Albena JSC resort met the first guests of the German touroperators Nekerman TUI and BG-tours on April 28th. The direction of the resort announced that is working with new partners in France and the Scandinavion region.
Source: Pari (17.04.2000)

The direction of Albena JSC will offer at the General Meeting to take a decision to issue a bond loan for the following 2 years, stated the Executive Director Krassimir Stanev. The bonds will be without right to convert in shares. The profit of the company for 1999 was with 1 million more than the former year. In the investment programme for the following 4 - 5 years is expected to be started USD 25 million.
Source: Pari (24.04.2000)

Albena Invest Holding JSC will buy a hotel in the winter resort in the Swiss Alps to the end of this year. This was stated by the Director of the Black Sea complex Mrs. Margita Todorova. It is expected the investment to bring good profit.
Source: Pari (25.04.2000)

In Albena JSC arrived the first Russian tourists for the season- 2000, reported today from the hotel Dobrudzha in the sea-side resort. The tourist managers expected increase in the sales of 6 per cent. During the last 4 years the Russian market recorded a drop of 60 per cent in Albena.
Source: BTA (02.05.2000)

Albena JSC will issue at the Bulgarian fund market bonds that amount to BGN 5 million with maturity 3 years, was decided at the General Meeting of the company. There has already been an initial interest in the bonds. With the raised funds of them, an investment programme for the renew of the hotel base and infrastructure will be financed. Albena JSC recorded a profit og BGN 8 445 283 which is with 12 per cent more in comparison with 1998. This is achieved by the increase in the rentability of the company with 4 per cent by decrease in the expenses.
Source: Standart (09.05.2000)

Balchik will require to be compensated by the State because of not allocated profit from Albena JSC. The municipality loses over BGN 500 000 from reduced dividends for 1999 from the resort, stated the Mayor Mr. Krassimir Mihailov. The finance resource was planned as an income in the budget of the municipality. Balchik holds 9.47 per cent of the capital in Albena JSC.
Source: BTA (10.05.2000)

The MEBO Albena 2000 reported a profit for 1999 in the amount of BGN 2 086 000 at the General Meeting of the company's shareholders. Currently the company executes about 80 per cent of its investment programme, amounted to BGN 30 million, in the sea-side resort Albena. The two hotels Balik and Tervel will be opened again after a basic repair with new names - Laguana Mare and Laguna Beach. Albena 2000 has created 1700-1800 new working places during the winter.
Source: Sega (16.05.2000)

The State Gambling Commission at the Council of Ministers registered 11 new companies: Ringo M SP Ltd. is already authorized to organize bingo halls in the town of Yambol. A permit for installation of gambling automates was awarded to Vilox Group SP Ltd. for the towns of Razgrad, Pernik, Haskovo, Plovdiv, Pleven, Rousse, Shumen, Silistra and Kardjali. The companies MB-1 SP Ltd. and Rex Group Ltd. were registered to place gambling automates in Sofia. SP Georgi Kukov holds a permit for gambling automates in the village of Yoakim Gruevo, and EIS Bul SP Ltd. for the towns: Yakoruda, Dupnitza, Petrich and Blagoevgrad. SP Juicy-77 – Rumen Lazarov holds a permit for automates in the town of Popovo, and SP Kamenitza and Express – Varna Ltd. respectively for the towns of Etropole, Provadia and General Toshevo. San-98 Ltd. will open a bingo hall in Plovdiv, and Cherno More 2000 SP Ltd. was authorized to place gambling automates and open a casino in the Albena resort. So far, a total of 85 halls for gambling automates, 24 bingo halls and 3 casinos have been licensed. (Government Bulletin)
Source: Other (31.05.2000)

Dobrich District Court registered the following changes for Albena - JSC: the activity is added with contracting of deals and execution of payments with local and foreign entities, deals in foreign currency.
Source: State Gazette (30.06.2000)

On July 13.2000 took place the 8th General Meeting of the Bulgarian Industrial Association (BIA). There was selected a Board of Management of 84 people in which are presented regional organizations, branch unions, small and medium companies. Some of the representatives of the bigger companies, selected in the Board of Management are:Solvay Sodi JSC, Assarel medet JSC, Union Miniere JSC, Resort Complex Albena, Airline Balkan, Industrial Holding Doverie, Hewlett Packard - Bulgaria, Kremilovtzi, Moststroy and others. For a President of the Board of Management was reselected Mr. Bojidar Danev. The Board of Management of BIA selected an Executive Board with the following members: Mr. Valentin Zahariev - an Executive Director of Kremikovtzi JSC Mr. Velichko Alexandrov - a President of ITA Efect Mr. Luchezar Tzotzorkov - an Executive Director of Assarel Medet Mr. Radosvet Radev - a President of Darik Radio Mr. Sasho Donchev - an Executive Director of Overgas JSC Mr. Philippe Rombaut - a Chief Executive Director of Union Miniere Mr. Bojidar Danev - a President of BIA Mr. George Shivarov - a Deputy President of BIA Mr. Dickrian Tebeian - a Deputy President of BIA Mr. Petar Denev - a Chief Secretary of BIA
Source: Company information (14.07.2000)

For the first time after a month and a half the indexes of Bulgarian Stock Exchange - Sofia registered a raise of their level. The index BSE - Sofia - Warberg grew with 4.90 per cent, reaching 30.15 points and those of the ten enterprises with highest market capitalization rose with 7.15 per cent and reached 29.47 points. The growth of the prices was a result of the big growth of the shares of the tobacco companies. The small amounts of shares of Blagoevgrad Bulgartabak and Bulgartabak Holding make this a growth of the face value without a significant change in market situation. What made impression to the dealers was the ceasing of the decrease of the prices of most of the big companies The highly limited amounts of shares that were traded show that the prices have reached a moment minimum level which stopped the owners of further sale. The challenge is if the shares will be able to rise during the next few weeks or they will remain on the present level. Weak trade characterized all big companies. Although the turnover of the stock exchange for the week was extremely high it was a result of a few cross deals with big stakes of shares. The biggest amount of shares that were transferred was of Betonit and the Lead and Zinc Plant - BGN 4 million.
Source: Capital (05.08.2000)

The resort Albena has realized 1 100 000 night lodgings since the beginning of the year, was announced from the press center of the resort. They are 25 per cent more compared to the same period last year. There are 14 600 holiday-makers in the resort right now. Almost half of them are German.
Source: BTA (18.08.2000)

The resort complex Albena JSC successfully ended the issuing of two-year bonds with a value of BGN 5 million and annual profitability of 9 per cent, was announced from the investment mediator Bulbrokers. The aim of the loan is to finance the investment program of the complex for the modernization of the hotel base. The main assumer is Bank DSK. UBB JSC, DZI, fund Armeets JSC and fund Rodina JSC have also written down bonds. The bonds of Albena JSC are secured with mortgage. They are more profitable than the State Securities.
Source: Standart (21.08.2000)

It is possible that an independent water company be established in the resort complex of Albena, was announced by the Manager of ViK - Dobritch, Mr. Georgi Mihov.The resort recently took the decision to solve its water problems by itself. If the resort has a water company of its own, it will practically be able to fix the price of water itself. According to Mr. Mihov the company is inclined to sell its water equipments on the beach to the Black sea complex. Thus in the company that is paying a debt to the World bank, will come fresh money. The Directors of the resort are expected to negotiate with the Ministry of Construction for the establishment of an independent company.
Source: Black sea (24.08.2000)

Balkanpharma will be issuing a bond loan, was announced by the Executive Director of the Holding Mr. Petar Terziev. The amount, term and profitability of the bonds are still not fixed, said Mr. Terziev. If we judge, however, by the investment program for USD 46 million for the whole holding and the capacities of the new owner (Deutsche Bank) to organize such financing, it may turn out, that this will be the greatest corporate bond loan in the history of our country. Until the current moment, successful attempts for accumulation of capital through bonds were made by the computer and software company ProSoft (BGN 2 million), the resort Albena (BGN 5 million) and Solvay-Sodi (up to BGN 20 million), but they issued order bills instead of bonds. The Executive Director of Balkanpharma announced that the issue will be public, it will be offered in the country as well, although the bigger part of the funds is expected to come from foreign investors.
Source: Pari (30.08.2000)

Albena Invest Holding has invested BGN 1.8 million in the enterprises from its portfolio, was announced by the Executive Director Mrs. Lidia Shuleva. Their financial state has improved compared to last year, as a result of which the holding has realized 19 per cent growth of the profit for the first seven months of the year 2000, compared to the same period last month. The transporting company Albena Autotrans has realized a turnover of BGN 2.5 million and 57 per cent growth of the incomes compared to the same period last year. During the past few years the company invested BGN 1.5 million in the renewal of the company’s bus park. The growth of the incomes of the furniture company Briast is 50 per cent. In July 1999 it reported a loss of BGN 14 000. This year, Albena Invest Holding will invest BGN 300 000 private funds in new machines and equipment. The company’s program provides for a similar investment in Dobrudzhanski Textil, which realized a 20 per cent growth of the incomes for the period January-July 2000. Last summer the company reported a loss of BGN 40 000. The company Ecoplast with a head office in Albena doubled its profit. It has only one year of business history.
Source: Pari (15.09.2000)

The tour-operator companies Neckerman, TUI and Scandiansian Leisure Group will invest BGN 25 million in the resort complex Albena. The funds will be invested in repair works of hotels and the building of new pools and equipment. The resort has the ambition to become a preparatory base for sportsmen, who will participate in the olympic games in Athens in 2004.
Source: Democracy (18.09.2000)

The four-star hotel De Masks in the Swiss Alps - ownership of Albena, will be opened on December 1, was announced by the Trade Director of the Black Sea complex Mrs. Margarita Todorova.The hotel has 100 beds and a big restaurant with a kitchen. The hotel is currently being repaired. Albena has invested in the modernization DEM 800 000. A lot of foreign, as well as Bulgarian tourists are expected to stay in the hotel.
Source: Black sea (26.09.2000)

Albena is ready to buy the international tourist center Primorsko, declared the Executive Director of the Black sea complex Mr. Krassimir Stanev. The other candidate for the complex is the German touroperator TUI. Albena and TUImay renew the whole resort only for 2 years. The Bulgarian company possesses several hotels in Borovetz. Recently Albena has bought the four-star hotel De Masks in the Alps. It will be opened on December 1. Mr. Stanev declared that Albena JSC will invest DEM 22 000 000 for the summer 2001. The resort finished this season with a growth of the profit 15 per cent compared to the last year.
Source: Black sea (16.10.2000)

The index SOFIX dropped after the close of BSE-Sofia with 3.73 per cent to 114.57 points because of the considerable reduction of the price of the shares of LUKoil-Neftochim with 10.08 per cent and of Balkanfarma-Razgrad with 14.86 per cent. The turnover of the exchange reached BGN 115 919 and the main part of it is due to the traded 970 bonds of ProSoft from the second emission at the price BGN 103. Most of the shares in the index decreased their prices, only the prices of the Black sea resorts were raised.
Source: Pari (07.11.2000)

The possessors of bonds of Albena JSC decided to register an emission on the pit of the Bulgarian Stock Exchange. At the first meeting of the company was selected Mr. Stanimir Krustev for a Manager of the bond emission. In the middle of August Albena emitted bonds with a face value BGN 5 million with 9 per cent interest rate. The maturity of the Securities is after 2 years.
Source: Pari (08.11.2000)

BGN 17.6 million is the profit of Albena JSC - Balchik as of the end of September at incomes of BGN 56.9 million. The increase of the incomes and the profit are due to the more visits of the sea resort - from 1.313 million spendings the night for the last year to 1.616 million for this year. The shareholders' capital of the company raised from BGN 71.1 million in the last year to BGN 88.4 million to the end of September 2000. The market capitalization of Albena JSC is BGN 30 million according to the last prices of its shares.
Source: BTA (08.11.2000)

BGN 17.6 million is the profit of Albena JSC - Balchik by the end of September. The raise of the incomes the profit are due to the high number of the visits at the sea resort. According to data from the balance sheet of the company the shareholders' equity is increased from BGN 71.1 million for the last year to BGN 88.4 million as of by the end of September this year.
Source: Black sea (09.11.2000)

The Management of Albena JSC considers that the eventual introduction of visas for Russia and Ukraine will not influence negatively on the tourism. According to the Deputy Director of the resort Mr. Ivan Kalinkov the Russian market can be an indicator nor for Albena, neither for the other resorts in State.
Source: Sega (07.12.2000)

Balchik Municipality reported that the price at the sale of 100 000 shares from Albena JSC at the auction reached BGN 6.52 per share. The initial price was BGN 6.45 per share. All 5 stakes per 20 000 shares were won by Albena invest holding with which it increased its share in Albena JSC to 28.78 per cent. By this way Albena invest holding becomes the biggest shareholder in the company, leaving behind MEBO Albena 2000 that holds 28.68 per cent. According to brokers of BSE at better advertisement of the auction the price could reach higher levels through participation of more candidates.
Source: Pari (20.12.2000)

Balchik municipality sold at auction 100 000 own shares from the Black sea resort Albena - JSC. The new possessor of Securities is the MEBO Albena-2000, announced the Trade Director of the resort Mrs. Margita Todorova. The Securities were traded at BGN 6.53 per share. This is more with BGN 0.08 over the initial declared price. The reason for the sale was connected with a deficit in the budget of the municipality. Balchik Municipality possesses another 7 per cent share in the capital of Albena-JSC as an owner of areas in the resort.
Source: BTA (21.12.2000)

Hotel De Mask in the Swiss winter resort Anver that is a property of Albena JSC will be occupied with tourists for Christmas, stated the Trade Director of the Black sea resort Mrs. Margita Todorova. The holiday week in the hotel costs USD 814. Albena JSC paid for its acquisition in Alps CHF 1.25 million and the same sum for its modernization.
Source: Standart (21.12.2000)