62 ecological motor cars exported to the Czech republic and Poland The biggest producer of cars in Bulgaria, Balcancar Record JSC Plovdiv will produce and export a series of 62 ecological motor cars that work on natural gas to the Czech republic and Poland. The development of the new machines is granted to five engineers, lead by the company’s technical director. Natural gas that is used in the new models called Record 2 E is almost twice as cheaper as the diesel by about 50% and less expensive than propane butane, which explains its increasing demand in the EU. By a single filling the ecological car works a thorough working shift. The new model’s capacity is from 2.5 tonnes to 5 tonnes. Business initiative for the new product of the Plovdiv-based company came from Balcancar Record’s Czech representative. He informed the company that there is huge demand for motor cars that operate on methane, while their supply is still humble. http://news.plovdiv24.bg/
Source: Other (11.02.2015)

Sofia bourse to replace Zarneni Hrani with Holding Nov Vek in blue-chip index Bulgarian investment company Holding Nov Vek will replace agribusiness company Zarneni Hrani Bulgaria in the blue-chip SOFIX index, the operator of the Sofia bourse said. Holding Nov Vek will become a SOFIX component as of March 23, the Bulgarian Stock Exchange (BSE) said in a statement on Tuesday. The SOFIX index tracks the 15 most liquid shares on the BSE. Also starting March 23, cellulose producer Svilosa, fertilizer producer Neochim, Energo-Pro Sales, car battery manufacturer Elhim Iskra, and FairPlay Properties REIT will be removed from the BGBX 40 index and will be replaced by machine engineering company Hydraulic Elements and Systems, cable maker EMKA, Fund Estates REIT, hardboard maker Fazerles, and Holding Varna. BGBX 40 includes the 40 most traded shares on the Sofia bourse.
Source: investor.bg (11.03.2015)

Bulgarian fertilizer producer Neochim [BUL:3NB] said it turned to net profit of 6.4 million levs ($3.6 million/3.3 million euro) in the first three months of the year from net loss of 1.6 million levs a year earlier. Revenues rose by an annual 11.8% to 90.6 million levs in January-March, Neochim said in its latest financial report filed on Tuesday with the Sofia bourse. The Neochim group employed 1,112 at the end of March, down from 1,277 at the end of 2014. Neochim's consolidated report cover the financial results of its units Neochim Enginering, Neochin Catering, Neochim Project and its two Turkish-based units.
Source: Capital (30.04.2015)

Neochim continues to improve its The financial results of the fertilizer plant Neochim continue to improve in the second quarter. After 2014 was bad for the Dimitrovgrad-based company, this one has been quite good. At the end of June, revenues were up 21% and compared to the loss of a year ago, now the company reports a strong gain of BGN 14.2 million. All this is reflected in the price of the company's shares, which yesterday rose at one point to 10%. The company sells most of its production in the country - 57%, the rest is exported. However, sales abroad rose at higher rate than those on the domestic market. The largest share in revenue is held by ammonium nitrate, both in the country and abroad. One reason for the significant improvement of the results is good international environment in the market of agricultural fertilizers and good prices there. In terms of costs, a positive impact on the activities of Neochim had the stable price of natural gas - a major component in the production of fertilizers.
Source: Capital (29.07.2015)

Agropolychim completes the terminal by which it will buy less gas Agropolychim is before termination of a terminal for storage of 10 thousand tons of ammonia, which will allow the company to reduce its expenditures for natural gas. The project lasts for more than 10 years. The terminal has to be launched into exploitation in September or October 2015. In addition the fertilizers plant will build a boiler to produce heat by burning straw, which will further reduce its cost of natural gas by about BGN 2 million monthly. If our company and one more fertilizers plant such as Neochim stop consumption of natural gas, this means that Bulgargaz will lose its largest and most solvent customers and will remain to work with Heat Supply- Sofia solely, Executive Director of Agropolychim Vasil Alexandrov said. Actually for the first six months of the year chemical industry goes beyond the energy sector in terms of consumption of natural gaz. This means that it’s the largest customer of Bulgargaz, financial report for the first half of the years of the gas company states. According to the report, the chemical sector has bought 536 million cubic meters of gas, which is an increase by nearly 40% as compared to the same period of 2014.
Source: Capital (26.08.2015)

Bulgaria's Neochim turns to EUR 7.0 mln non-cons pre-tax profit in Jan-Sept Bulgarian fertilizer producer Neochim posted a non-consolidated pre-tax profit of BGN 13.6 million in the first nine months of the year, after reporting a pre-tax loss of BGN 12.2 million in the like period a year earlier. Revenues rose by an annual 38% to BGN 221.5 million in the January-September period, Neochim said in its latest financial report filed with the Sofia bourse. In January-September, Neochim turned to operating profit of BGN 15.2 million from operating loss of 10.5 million levs a year earlier.
Source: investor.bg (29.10.2015)

Bulgaria's Atomenergoremont files to list on Sofia bourse Bulgarian equipment maintenance and repair services company Atomenergoremont filed on Tuesday a listing application with the Sofia stock exchange, bourse data showed. Atomenergoremont plans to offer investors 15,344,140 shares with a nominal value of BGN 1, the company's listing prospectus, filed with the Sofia bourse indicated. The prospectus has already been approved by the financial supervision commission. Atomenergoremont's total own capital amounted to BGN 57 million by the end of June. The company is majority-owned by local supplier and installer of architectural roofing and wall cladding systems Bultrade Corporation.
Source: investor.bg (23.12.2015)