"Bulgargas" ceased without notice the gas supply to "Neochim" - Dimitrovgrad. As a result the production of some of the products of the company is suspended.
Source: Pari (04.01.1996)

The alterations to the Board of Directors of "Bulgargas" were published in the State Gazette. Angel Popov is expeled from the board. New member of the board is appointed Peter Sabev.
Source: Other (09.01.1996)

The capital of the Bulgarian-Russian gas Company "Topenergy" is increased from BGL 60 mln up to BGL 120 mln. 24.9 per cent of the capital is split up between "Multygroup", "Overgas Inc.", First Private Bank and "Chimimport". The state-owned company "Bulgargas" decreased its participation from 50 per cent down to 25.1 per cent.
Source: Other (10.01.1996)

The documentation for the registration of the Bulgarian-Russian company "Gasenergo" is submitted to the court. The company will develop regional projects in the field of gas energetics and the construction of new power-plants. The Bulgarian party will have 51 per cent stake in the capital of the company. Shareholders of the company are "Nove Holding", TSBank, CB "Slavjani", Aleksander Belovezhdov (former member of the board of "Bulgargas") and some other natural persons.
Source: Other (10.01.1996)

The management of "National Gas Company" will discuss the approval of new shareholders, said Ivan Hlebarov executive director of one of the major shareholders "Veles Holding". Other shareholders of the "National Gas Company" are "National Electric Company", "Minstroi Holding", "Bulgargas", "Balkanbank", TSBank, "Credit Bank", CB "Slavjani", "Overgas", "Termico", "Energia i Ekologia". The "National Gas Company" is anticipated to gasificate the towns of Dobrich, Vratsa, and Rousse by the end of 1996.
Source: Standart (19.02.1996)

"Kremikovtsi" has increased its sales by 25 per cent in 1995, said Atanas Bogdanov executive director of the metallurgical plant. The company has developed a sinking plan for paying-back its obligations to "Bulgargas". According to the plan, which is approved by the Council of Ministers, BGL 2.345 billion have to be paid-back by instalments.
Source: Pari (22.02.1996)

The Council of Ministers increased the membership of the board of the directors of Bulgargas from 7 up to 9 members. The CEO of the company Petar Tsonev was disharged from his office. New members of the board were appointed Nedelcho Popov - Councellor at the Council of Ministers, Ivan Peichev and Metody Vachev.
Source: Trud (12.04.1996)

Kremikovtsi will pay back its obligations to Bulgargas in steel, says Atanas Bogdanov executive director of the metallurgical plant. The present obligations of the state joint stock company Kremikovtsi to the gas company amount to BGL 2 billion.
Source: Standart (22.04.1996)

In April 1996 Bulgargas has sold gas , USD 93 per 1000 m with expenses of USD 116-200. Bulgaria has a debt of USD 700 million according to the Iamburg agreement which is not observed now.
Source: Trud (22.05.1996)

The Council of Ministers demands the Parliament to give, by a vote, an interpretation of those of the texts from the Law on the State Budget that define the claims of Bulgargas from Chimco and Kremikovtsi as "state claims". Up to now Chimco has paid the budget BGL 1.5 million.
Source: Kontinent (03.06.1996)

The Arbitration Court rejected Bulgargas' claim for the cancellation of the cession contract with Credit Bank and Discount House.
Source: Kontinent (21.06.1996)

The report of the Anticorruption Commission for the cession between Bulgargas and the Credit bank and Discount House will be put forward for discussion in the Parliament till the end of the week.The prosecution office will be also approached with an application for investigation against the officials, who are responsible for the signing of this contract.
Source: Other (26.06.1996)

The Supreme Court will investigate again the law suit Chimko versus Multigroup because of the cession of the debts of Chimko to Bulgargas. The law suit will be re-investigated because of the new circumstances, which in this case is the amendment in the Budget Law.
Source: 24 chasa (23.07.1996)

The gross profit of the state-owned Chimko JSC amounts to BGL 464 million for the first half of 1996. According to data of the enterprise, it is ready to receive its current payments. The chemical plant has paid the whole principal of BGL 1252 million and BGL 656 million of the interests to the state-owned Bulgargas JSC. BGL 574 from the interests are left for payment.
Source: Other (29.07.1996)

The Prime minister Jean Videnov will demand from the government an increase of the capital of "Topenergy" from BGL 120 million up to USD 5 million. The other suggestion, which will be discussed is the transfer of the part of the First Private Bank in "Topenergy" to "Bulgargas". The bank held 3,2 per cent of the shares of "Topenergy".
Source: Kontinent (15.08.1996)

The Council of Ministers does not object against the increase of the capital of "Topenergy", which will be submitted on the general meeting of the company in September. The Ministers decided that the state-owned "Bulgargas" JSC takes the shares of the First Private Bank in the gas company. The Government decided to open a procedure for granting of a concession to the company.
Source: Pari (16.08.1996)

The receivables of the state-owned "Bulgargas" JSC for the delivery of gas will be paid by the state, after the voting of the Law for the State Budget by the President of Bulgaria. In this way the cession contract for the transfer of the receivables to Multigroup remains invalid.
Source: Kontinent (12.09.1996)

"Bulgargas" fulfilled the first stage on the delivery of Russian natural gas for Greece. This is the second state after Turkey to receive Russian natural gas across Bulgaria.
Source: Pari (19.09.1996)

80 per cent of the cash incomes from sales of detatched parts of the state-owned "Mikroelektronika" JSC (Botevgrad) will be returned to the enterprise, reported the Privatisation Agency. The money will be spent on payments to the creditors- the United Bulgarian Bank JSC, the state-owned "Bulgargas" JSC and "Elektrosnabdiavane" (Botevgrad).
Source: Standart (02.10.1996)

"Topenergy" will invest USD 570 million in the construction of a new 270 km gas-main from Russia to Turkey and Greece. "Bulgargas" will operate the equipment.
Source: Trud (09.10.1996)

The state-owned "Chimko" JSC (Vratza) paid BGL 1,225 billion on an interest on its debt to the state-owned "Bulgargas" JSC. The principal of BGL 1,252 billion was paid in the end of 1995.
Source: Pari (14.10.1996)

The American company "American Standard Inc" will invest USD 2 million in the constructing of a gas main for industrial needs in the town of Sevlievo. "Bulgargas" has agreed that the gas main meets industrial and daily wants. The American company is owner of 89 per cent of the shares of "Vidima Ideal".
Source: Kontinent (23.10.1996)

The decision for the granting of concession to "Topenergy" is delayed till the beginning of November 1996. The Minister of Energetics Roumen Ovcharov suggests that 70 per cent of the gas mains get transferred to "Topenergy" and the remaining part remains in "Bulgargas".
Source: Standart (28.10.1996)

The state-owned "Chimko" JSC won the law suit on the contract for granting a cession against "Discount House" JSC and "Credit Bank" JSC. The Supreme Court adjudged that "Multigroup" must pay the expenses on the law suit, which amount to BGL 21 million. This law suit is a result of an application of "Chimko" against a decision of the Vratza District Court, which enacted that "Bulgargas" had to pay BGL 1 billion to the 2 companies of "Multigroup".
Source: Pari (19.11.1996)

The state-owned "Bulgargas" JSC will sell its shares in "Montanagas" JSC. The reason is disagreement with the other major shareholder "Overgas" Ltd. At the present moment the Montana Municipality is looking for new shareholders and investors. "Montanagas" JSC was established in 1994. Among the shareholders are "Bulrosgas" with 30 per cent of the shares and the Montana Municipality with 10 per cent.
Source: Kontinent (21.11.1996)

Three terrains of the property of the state-owned "Belopal" JSC with stores, machines and equipment in the total amount of BGL 352 million will be sold on an open auction on the 13th of December 1996. This measure has been imposed because of unpaid debts of the company to the state-owned "Bulgargas" JSC.
Source: Pari (03.12.1996)

The Managing Board of the state-owned "Bulgargas" JSC decided to construct a gas main near to the town of Sevlievo. The American corporation "American standard" will grant credit without interests for this project in the amount of USD 2,300. The construction will have begun till the end of 1996.
Source: Kontinent (05.12.1996)

The Bulgarian Constitutional Court recognized anticonstitutional the amendments on the Law on the Amendment and Comlementation on the Law on the State Budget. The amendments recognized all the debts of juridical entities from sales of natural gas, supplied on international agreements by the state-owned "Bulgargas" JSC. The decision of the Constitutional Court will enforce a re-investigation of the law suit "Multigroup"-"Chimko".
Source: Pari (11.12.1996)

The debts of the state-owned "Toplofikazia' JSC (Sofia) to the state-owned "Bulgargas" JSC amount to BGL 7,8 billion.
Source: Pari (16.12.1996)