Latest News from Bulgaria

Austria's Baumax Might Withdraw from Bulgaria, Eastern Europe

Austrian "do-it-yourself" chain Baumax is mulling a pullback from Bulgaria and Eastern Europe, Austria's Die Presse newspaper reported.

Earlier, its founder Karl-Heinz Essl announced he was kicking off a sale of his artwork collection in a move aimed at raising funds to save his company.

Sofia Airport to Launch Direct Daily Flights to Belgrade

A new direct flight between Sofia and Belgrade will be launched Monday by Air Serbia, the press office of Bulgaria's Ministry of Transport announced, Friday.

The company will provide daily flights from Belgrade to Sofia that will take about an hour and fifteen minutes at a minimum price of EUR 89 for a round-trip ticket.

Court Releases One Arrested for US Card Fraud, Other Stays Locked Up

One of the two Bulgarians arrested in Bulgaria for card fraud in the US, remains in custody, the other is released under home arrest, ruled the Sofia City Court. 

Mihail Petrov was released because he suffers from cerebral palsy and has clean police record, while Radoslav Pavlov is in good health and, though he also has clean record, will remain in custody for at least 60 days. 

Bulgaria's NEK Also Indebted to Varna Thermal Station

Varna's Thermal Power Station is still waiting for BGN 35.4 M of payments by Bulgarian State Electricity Company (NEK).

Representatives of the company managing the power station, which is part of Czech energy group CEZ (one of Bulgaria's three power distributors), announced that NEK has not paid its debts to their subsidiaries for months, has reported.

Bulgaria Among The Authors Of UN Resolution On Crimea

Bulgaria was among the authors of the UN resolution, condemning the annexation of Crimea by Russia, said a diplomatic source, quoted by the Bulgarian National Radio (BNR). 

Bulgaria, together with all EU member states voted in favour of the resolution of the UN General Assembly, which called the act “illegal” and affirmed Ukraine's territorial integrity. 

Bulgarian Nationalist Leader Calls for Stripping President of Immunity

Volen Siderov, leader of Bulgarian nationalist party Ataka, has called for stripping President Rosen Plevneliev of immunity from prosecution.

Siderov announced Friday in Parliament that a petition had been launched for establishing an ad-hoc inquiry committee which would be tasked with investigating "unauthorized" meetings of President Plevneliev.

Gas Prices to Go Down 3 to 15% in Bulgaria, Says Energy Watchdog

Natural gas prices in Bulgaria will decrease by 3 to 15%, the country's energy watchod DKEVR announced Friday.

Boyan Boev, head of the State Commisison for Energy and Water Regulation (what DKEVR stands for), said he hoped the move would push more Bulgarians to use gas, the website reports.

Bulgarian Minister: EU Failed in its Industrial, Energy, Social Policy

Bulgarian Economy and Energy Minister Dragomir Stoynev has declared the industrial, energy and social policy of the European Union "a total failure."

Speaking Friday in Sofia at a conference entitled "Social Alternative for Europe", he said the collapse had happened after approximately two terms in office of the rightwing European People's Party (EPP).

Bulgaria 2nd Most Preferred Destination Among Turkish Tourists

Bulgaria ranks second after Georgia as the most preferred destination among Turkish residents, according to the Turkish Statistical Institute data.

A total of 7.5 million Turkish citizens traveled abroad in 2013, where they spent USD 5.3M, the statistics showed, cited by the Turkish Haberler.

Bulgaria to Take Part in Project for Floating LNG Terminal near Kavala

Bulgaria will participate in the construction of a floating liquefied natural gas terminal near the Greek city of Kavala in a bid to secure constant access to natural gas.

Talks on the project are to be wrapped up by end-2014, according to the authorities in Athens, as cited by the Bulgarian National Radio (BNR).

Governments Demanded of Google Information On 42 000 Accounts

The number of government demands for personal data in Google accounts has risen by 120% in the last four years. 

In the second half of 2013 governments across the world made 27 000 requests for 42 000 accounts, according to the Google Transparency Report, which the company releases each six months since 2009. 

Bulgaria To Set Up Mega-Authority in charge of Antitrust Supervision

After boosting consumer protection laws, Bulgaria's government will focus on strengthening regulatory bodies, according to Yordan Tsonev, MP from liberal party DPS.

In a Friday interview for Nova TV, Tsonev explained that the first step would be to increase the capacity of the Commission for Protection of Competition and make it more powerful.