News archive of July 2018

SOFIA (Bulgaria), July 30 (SeeNews) - Steel radiator manufacturer Korado Bulgaria [BUL:4KX], part of Czech Republic's Korado Group, said on Monday its pre-tax profit rose 20% year-on-year to 3.6 million levs ($2.1 million/1.84 million euro) in the first half of 2018.

Total revenue fell by 4.0% to 20.8 million levs in the period under review, the company said in a statement.

A defence lawyer in the case against five former Bosniak soldiers accused of abusing Croat prisoners at a detention facility in the Vitez area in 1993 asked the Bosnian court for an acquittal verdict.

Romania's Finance Minister, Eugen Teodorovici, on Sunday said he had ordered a probe into the tax agency and other affiliated agencies, claiming they had failed to get President Klaus Iohannis to pay about 1.2 million RON [about 260,000 euros] that he obtained from renting out a house, which he then lost in a court case. 

A driver in Istanbul was hailed on social media as having a "soothing superpower" after he managed to cool down a club-wielding driver seconds after a crash.

Miodrag Skendzic of the Lasta bus company told Tanjug that no fight or altercation between Serbian and Turkish tourists preceded the incident - as reported by some Turkish media.

He stressed that no one was injured and that very small damage was done to the bus, which has been leased by the travel agency Rhapsody Travel - and that Serbian tourists "can safely return to Serbia."

Economic confidence in Turkey improved in July, rising 2 percent, the Turkish Statistical Institute (TÜİK) reported on July 30.

The Austrian Strabag and the Bulgarian "GBS-Infrastructure Construction" will build the highway from Sofia to Kalotina. The two companies were favorites for the opening of bids as they presented the most competitive bids. They will build the sections of the road, whose total length is 32.4 km and cost a total of 235.29 million BGN without VAT, announced 24 hours newspaper.

SOFIA (Bulgaria), July 30 (SeeNews) - Bulgaria's business sentiment indicator remained unchanged month-on-month in July after falling by 0.9 pp in June, the National Statistical Institute (NSI) said on Monday.

The National Statistical Institute reports a robust rise in producer prices in June this year compared to the same month of 2017. The total producer price index in June increased by 6.8% on an annual basis, which is a prerequisite for accelerating consumer inflation in Bulgaria.

The publisher of the New York Times said July 29 he warned Donald Trump in a White House meeting that the president's escalating attacks on the news media are "dangerous and harmful to our country" and "will lead to violence."