USD 1.5 million will be invested by Ficosota Ltd. in the introduction of a new line for production of washing powder by the end of May, this year. This was announced by the President of the Shumen-based company Mr. Zhechko Kyurkchiev. The company is a leader among the Bulgarian producers of washing and cleaning detergents. Besides, the release of two new types of water-heaters is a part of the company's production program for the year 2000. The electric oil radiators TESY, are exported to 11 countries.
Source: Pari (07.01.2000)

A certificate for quality of the production ISO 9001 received the company from Shoumen Fikosota Ltd. The document was received from the European Committee for Quality and it is valid up to 31 March 2003. The certification is for design and manufacture of home electric appliances, powders and soaps. The company is known on the Bulgarian and international market with the radiators and boilers with the trade mark Tesi, with the washing powders Eho and Tema and with the shampoos Teo and Tete-a-tete.
Source: Shumenska zarya (10.06.2000)

Shumen District Court enters changes concerning Ficosota Syntez Ltd. - Shumen: denominates the capital from BGN 5 000 000 to BGN 5 000; increases the capital from BGN 5 000 to BGN 201 000; enters changes in the statute; the company is represented and managed by the partners Mr. Krasen Angelov Kyurkchiev, Mr. Stefan Georgiev Stefanov and Mr. Petar Dimitrov Minchev jointly and separately.
Source: State Gazette (04.08.2000)

Ficosota Syntez Ltd has been equipped with a modern Italian installation for the production of any type of powder and granule cleansing and washing products, was announced by the manager of the Shoumen-based company Mr. Stefan Stefanov. The assembly will be executed by the company Vodno Stroitestvo - Shoumen and will end within 20 days. This is the only automated equipment of this sort in Bulgaria.The quality of the production will improve greatly.
Source: Pari (14.09.2000)

There are only seven large companies, which offer washing powder at the Bulgarian market. The three world mastodons in the consumer goods sector - Procter&Gamble (P&G), Unilever and Henkel are selling their production with different success. The Bulgarian production is represented by a new company - Ficosota, and by the former monopolist - Verila. A large number of workshops of regional importance are manufacturing cheap production, made of Turkish raw materials. Until recently, the leader on the market was the Turkish company Hayat.
Source: Capital (16.09.2000)

The serious world companies such as Procter&Gamble, Unilever and Henkel are in competition on the Bulgarian market for soap powders. The greatest competition is in the economic part of the Bulgarian consumers. There the interest of the foreign producers confront those of the Bulgaria. The leader is Bonux (Procter&Gamble), followed by Test (Hayat) and Dero (Unilever). The reason for this classification is that the consumers are ready to pay 10 per cent higher price and to receive 20 per cent higher quality.
Source: Capital (16.09.2000)

Shumen District Court entered a change concerning Ficosota Syntez Ltd. - Shumen: the activity "advertisement" is written off the subject of activity; enters Ficosota Holding JSC - Shumen as a new partner; enters changes in the statute; terminates the participation in the company of the partners Mr. Zhechko Angelov Kyurkchiev and Mr. Krasen Angelov Kyurkchiev.
Source: State Gazette (03.11.2000)

The first of its kind in Bulgaria installation for manufacture of washing powder was released in exploitation by Fikosota company. The equipment is a product of the Italian company Balestra. It has been used in Europe for the past 5-6 years. In the installation are invested about USD 2 million and a part of the sum is a credit, granted by the Bulgarian-American Investment Fund. By the new installation the company will raise the quality of its products without lifting the price.
Source: Sega (16.11.2000)

The investment for the launching of the new Italian line for production of washing preparations in Fikosta sintez Ltd. will cost USD 2 million. 80 per cent of the invested funds are own incomes and 20 per cent are from a bank credit, stated the Executive Director of Fikosta holding JSC Mr. Zhechko Kujrkchiev. The modern technic is used at the moment in 28 biggest companies in the branch of the washing preparations. The whole automated installation is equipped with computers and this will require a personnel of several workers. At the line will be produced mainly washing preparations from the popular marks Echo and Tema. The capacity will be 3.5 per hour. The company realizes an export in Ukraine, Moldova and Macedonia. The ambitions of the Management of the holding are to be increased the the market share in the State from 10 to 20-25 per cent.
Source: Pari (23.11.2000)

More than BGN 103 million were invested in TV advertisement over the period January-November 2000. This was announced by the monitor of the social agency Market Test.. The company that spent the largest amount of money for TV advertisement is Procter&Gamble. Its competitor Unilever holds the number four position. Two beer companies hold the number two and three positions. Ficosota Syntez is number ten with an advertisement budget of DEM 1 069 591.99, serviced by the media agencies Pierro 97, Shampionite - Young&Rubicam.
Source: Capital (01.12.2000)