News archive of June 2014

Two-Thirds of Bulgaria's Young Families Have No Savings – Study

Two-thirds of the young families in Bulgaria have no savings, according to a study of the marketing research agency NOEMA and AMI Communications Bulgaria.

Some 28 percent of the young couples keep their money in bank deposits, 7% - in real estate and only 4% use it to start a business, Bulgarian National Radio reports.

First Investment Bank Shares Up on Monday

Shares of Bulgaria's First Investment Bank were up 24% as of Monday, 13:00 EEST (11:00 GMT).

Data from the Sofia Stock Exchange, cited by website Capital.bg, came despite Friday's surge of panic among many Bulgarians following rumors spread via SMS and online that the bank could fail.

The information forced scores of people to withdraw their savings.

President Nikolic opens Mammoth Park in Viminacium

BELGRADE - Serbian President Tomislav Nikolic opened on Monday the Mammoth Park, part of the Viminacium archeological park near Kostolac, underlining that the site provides an unusual and modern way for young people to learn about ancient history.

Mihajlovic opens repaired railway from Lesnica to Loznica

LOZNICA - Zorana Mihajlovic, Serbia's deputy prime minister and minister of construction, transport and infrastructure, opened on Monday the repaired railway from Lesnica to Loznica, which was damaged in the severe floods, thus restoring rail freight traffic between Serbia and Republika Srpska.

Kosovo Police Arrests 18 for Mitrovica Clashes

Eighteen people have been arrested for the clashes in Kosovo’s divided Mitrovica region on June 22.

They will be charged with hooliganism, attacking officials, theft, and illegal possession of weapons, BalkanInsight reported.

Six Arrested for Bulgaria Bank Rumours

The malicious rumours from last week caused mass panic and, as a result, thousands of people withdrew their savings (a total of more than 400 million euros) from First Investment Bank—the bank under attack.

The arrested are accused of sending texts and emails warning of bankruptcy and of using social media such as Facebook and YouTube to spread the ill-intentioned rumours.  

Iohannis: Relevant institutions must immediately clarify Ponta's name appearing in Duicu case

PNL (National Liberal Party) leader, Klaus Iohannis, believes that the name of Prime Minister Ponta appearing in the case of the chief of the Mehedinti County Council, Adrian Duicu, who was accused of influence peddling, represents 'a very serious situation' and pointed out that the relevant institutions should immediately try to clarify this aspect.

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