Latest News from Bulgaria
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.
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:
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 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.
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.
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".
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.