Latest News from Bulgaria

Bulgaria supports Serbia on its path towards EU

BELGRADE - The European Union is a strategic objective for Serbia, but that does not rule out the possibility of cooperation with Russia - an advantage that Serbia intends to use, Serbian President Tomislav Nikolic noted during a meeting with Bulgarian Foreign Minister Kristian Vigenin.

Fitch: Runs on Bulgarian Banks Flag Governance Risks

Liquidity risks are heightened for all Bulgarian banks following two bank runs in quick succession, rating agency Fitch said Wednesday.

In a message posted on its website, Fitch stresses that "corporate governance problems at domestically owned companies" were highlighted by events at the two largest Bulgarian-owned banks.

Ambassadors Issue A Statement Of Support For Sofia Pride 2014

Diplomats encourage people and institutions in Bulgaria to stand up for and support open-mindedness and tolerance towards the LGBTI people. 

On 3 July, Ambassadors of a series of Sofia-based embassies issued a statement of support for Sofia Pride. The statement, published on the website of the British embassy in Sofia, reads:

S&P: Bank Turbulence Will Not Affect Bulgaria's Debt Rating

Developments in Bulgaria's banking sector will not affect sovereign debt rating of the country, agency Standard & Poor's (S&P) says.

The announcement comes after S&P decided to cut the credit rating of Bulgaria by one notch lowering it to BBB- in mid-June, citing lack of progress on reforms which it considered likely to hinder economic growth.

Westinghouse Most Likely to Win Bulgarian Nuclear Deal

Westinghouse Electric is expected to sign a deal in the coming days to construct a nuclear reactor for Bulgaria's Kozloduy NPP, reports Nikkei Asian Review. 

The US-based subsidiary of Japan's Toshiba group is in the final stages of negotiations on a basic agreement with Bulgarian Energy Holding for a reactor with an output between 1 M kilowatts and 1.2 M kilowatts. 

Five Injured In A Fire in Bansko

Five people, of which one fire fighter, were injured in a fire in Bulgaria's mountain resort Bansko on Wednesday night, reports BGNES. 

The fire started from an exploded gas bottle which set alight a coal shed and the house right next to it. 

Two cars, parked in front of the house also burned down. 

Free cruise instead of Boat Carnival

BELGRADE - The Tourism Organisation of Belgrade will organise free rides on tourist ships on July 5.

The Boat Carnival was previously announced for that day, but it will not be held because of the May floods in Serbia.

Djokovic struggles through to Wimbledon semifinals

LONDON - Serbia's Novak Djokovic beat Croatia's Marin Cilic 6-1 3-6 6(4)-7 6-2 6-2 in Wimbledon quarterfinals on Wednesday.

Djokovic took the victory after a tough battle that lasted 3 hours and 20 minutes, reaching his 5th Wimbledon semifinal.

He will next face Bulgaria's Grigor Dimitrov who defeated UK's Andy Murray 6-1 7-6(4) 6-2 earlier on Wednesday.

Dacic: Ambassadors to be appointed by end of July

BELGRADE - Serbian First Deputy Prime Minister and Minister of Foreign Affairs Ivica Dacic stated on Wednesday that he expects the government to appoint Serbia's ambassadors in ten countries by the end of July.

Immigrant Influx to Bulgaria 'On the Rise' - IntMin

The tide of refugees flocking to Bulgaria has been growing again over the past few weeks, Interior Minister Tsvetlin Yovchev announced.

He told a Parliament Committee that lately at least 150 to 200 people were sent back from the border every day.

Champion Murray stunned by brilliant Dimitrov

Andy Murray's reign as Wimbledon champion came to a stunning end as Bulgaria's Grigor Dimitrov clinched a sensational 6-1, 7-6 (7/4), 6-2 victory in the quarter-finals on Wednesday.

South Stream Pipeline 'to Be Built Under EU Rules' - Commissioner

EU-Bulgaria dialogue on South Stream is "constructive" and "still ongoing", but the pipeline must meet EU requirements, outgoing EU Energy Commissioner said.

Gunther Oettinger told Bulgarian journalists in Brussels that South Stream will be operational only if it is in compliance with what the EU Commission describes as its "rules".

Grigor Dimitrov Crushes Murray, Qualifies for Wimbledon Semifinals

Bulgaria's most successful tennis player Grigor Dimitrov beat defending champion Andy Murray and qualified for the Wimbledon semifinals. 

Murray suffered a shattering defeat at the hands of Dimitrov who won all three sets: 6:1, 7:6 (4), 6:2 and achieved his greatest success in the Grand Slam tournaments so far. 

Dimitrov's victory places him in the Top 10 of the ATP ranking.