Bulgaria - Algeria business ties

[Al-khiyal]

Sofia, 29 March 2007 -- Bulgarian business has the opportunity to participate in the implementation of big infrastructure projects, hydro and technical devices, road and energy infrastructure in Algeria, Bulgarian Minister of Economy and Energy Rumen Ovcharov said after his visit to Algeria when he met Algerian PM and four ministers, a journalist of Focus Agency reports.

Algeria’s economy develops at high speed, with its gross domestic product rate rising by over 5 %. The country has currency reserves of over USD 80 billion. It is one of the leading gas and oil exporters.

“Algeria intends to invest USD 150 billion over the next 5 years, and Bulgarian companies can also participate,” Minister Ovcharov noted.

The opportunities for Bulgarian business are to be presented at a meeting next week, which will be attended by Algerian officials as well.

Bulgarian business can participate in infrastructure projects in Algeria: Bulgarian Economy Minister

[Al-khiyal]

Bulgarian factory builds Algerian ship

December 19, 2008 -- For the first time in its history the ship building factory in Ruse is building a ship for Algeria, the company told Darik Friday.

The first ship will be named after the Algerian ambassador's wife, who will be present at the official ceremony tomorrow, when the ship will be set at sea.

The vessel is an asphalt carrier and is currently being tested at the seaport of Varna. It is equipped with special anti-pirate security system, due to the recent increase of attacks on commercial ships.

[Al-khiyal]

Ship for Algiers built in Ruse shipyard

December 19, 2008 -- The wife of the Algerian ambassador will become a godmother on Saturday of the first ship, constructed for the North African country. The solemn ceremony will be carried out on the pier of Varna shipyard.

At the moment the ship is on field tests in Varna, after which it will be sent to its owner - the national shipping company of Algiers. It has been equipped with anti-piracy protection, which is a measure against the frequent pirate raids against merchant and passenger sea vessels.

At the moment two ships are being built for the Netherlands, the biggest ships ever built in Ruse. Up to now six sea vessels have been ordered by the Dutch company and in 2009 the first one from the series will be submitted to their owner. Another four similar ships have been ordered by the German shipping company Briese.