Latest News from Bulgaria
Bulgaria Reports Double Increase in Tourist Numbers Ahead of Summer Season
There has been double increase in the number of tourists visiting Bulgaria before the official start of the summer season.
Formally, the summer season on Bulgaria's southern Black Sea coast begins on June 1, but most hotels have opened to visitors in April. The lower prices are expected to remain until the middle of next month.
Bulgaria Plans to Refit Two of Its Frigates
The Bulgarian defence ministry is planning to refit two of the frigates currently in service to the navy in order to fully restore their capabilities.
The refitting of Drazki and Verni frigates, both of which used to be in service to the Belgian navy, will be carried at the same time as the acquisition of two new multi-purpose patrol ships.
Turkey sees steepest decline in monthly foreign arrivals since May 1999
The number of foreign arrivals visiting Turkey slumped by 28 percent in April to 1.75 million compared to the same month of 2015, marking the steepest decline since May 1999, according to data issued by the Tourism Ministry on May 27.
Almost half of the foreign arrivals were made by day visitors, the data showed.
Bulgaria's Fibank Repays BGN 1.2 B State Aid
Bulgaria's First Investment Bank (Fibank) has repaid the BGN 1.2 B state aid, which was provided to the bank in June 2014.
The repayment was made in compliance with the plan approved by the European Commission in November 2014. The international rating agency Fitch confirmed the bank's ratings with Stable outlook.
Bulgaria to Have 146-km Wire Fence along Border with Turkey in 2 Months
In about two months Bulgaria will have a wire fence built along 146 km of the country's border with Turkey, preventing illegal migration flow, Interior Minister Rumyana Bachvarova has said.
Bachvarova, Prime Minister Boyko Borisov and Defence Minister Nikolay Nenchev on Saturday inspected the entire length of the fence built so far along Bulgaria's border with Turkey.