Bulgaria

Significant amounts of natural gas could be extracted from Bulgaria's Khan Asparuh deep-water block, OMV believes.

Austrian energy company's expectations have so far been fomented by the discovering of vast amounts of gas at Neptun, a deep-water block in neighboring Romania situated next to Khan Asparuh.

The European Investment Bank (EIB) provides UniCredit Bulbank with EUR 50 M for financing Bulgarian SMEs in agriculture, industry and services. 

The first half of the credit line was presented by Mihai Tnasesku, EIB vice president and UniCredit Bulbank's CEO Levon Hampartzumian. 

Deputy Prime Minister Daniela Bobeva has started negotiations with the international creditors of Bulgarian State Railways who have agreed to reschedule loans for 10 years.

The Holding's total liabilities currently amount to BGN 620M compared to BGN 704M in May, 2013, CEO Hristian Krastev told in an interview for Trud Daily.

Bulgaria will be among the countries wost affected by EU sanctions against Russia, according to Foreign Minister Kristian Vigenin.

In a Friday interview for the morning broadcast of TV7, he insisted that the European Union and Russia had to make another serious attempt to return to the negotiating table.

Bulgaria's football champion lost to Valencia by 1:0 in the second leg of the Europa League 1/8 final in Spain. 

The total result for the Spanish team is 4:0, which qualifies it for the quarter final of the tournament. 

Ludogorets, however, was the only Bulgarian team to get that far in the European tournaments this season.

Bulgaria's Central Electoral Commission (CEC) will hold its first sitting at 1.30 pm on Friday.

At 12 noon, the new panel of the CEC will be presented to the media and NGOs, according to reports of the Bulgarian National Radio (BNR).

NIS - The festival entitled “The Days of the European Film”, which will showcase films made in 32 member states of the Council of Europe, is taking place in Nis, southern Serbia, and for this city the entire year will be marked by the European film.

The festival will show movies from Germany, Hungary, Denmark, France, Italy, Bulgaria, Poland, Slovenia, Portugal and other countries.

Although Bulgaria has been increasing innovations spending, it has failed to derive sufficient economic growth from that, according to Deputy Prime Minister Daniela Bobeva.

Bulgaria's producers, processing companies and traders of bio products are included in an online register. 

Bulgaria's capital city of Sofia is the most affordable destination for tourists in Europe in March with average prices of BGN 115, according to the Trivago Hotel Price Index.