Latest News from Bulgaria

Winners of Young Balkan Designers 2014 competition

BELGRADE – Belgrade-based cultural organization Mikser, in association with the Croatian Design Association and Public Room from Skopje, announced results of the Young Balkan Designers 2014 competition on Thursday.

Troops Of 12 Countries To Hold An Exercise in Bulgaria

Land troops of 12 countries will take part in the international military exercise at the Novo Selo range in Bulgaria. 

Saber Guardian, the largest exercise for this year, starts on Friday and will include 700 troops from Bulgaria, Armenia, Azerbaijan, Georgia, Moldova, Romania, Serbia, USA, Belgium, Turkey and Ukraine, according to Bulgaria's Defence Ministry.

Bulgaria's Gov't To Ease Construction Investors

Bulgaria is drafting amendments to the Territorial Zoning Act, to ease investments in construction, said the Minister of Investment Planning Ivan Danov. 

There will also be a new package of laws on city planning and urbanization in that regard. 

VAT Fraud Robs Bulgaria's State Budget of BGN 2B Annually

Bulgaria's state budget loses BGN 2B annually due to VAT fraud, according to data of the Economic Research Institute with the Bulgarian Academy of Sciences.

Taking into account the uncollected excise duty, losses swell up to BGN 4B per year, the Director of the Institute Prof. Mitko Dimitrov said, cited by Cross news agency.

Ukrainian IT Giant to Open Development Center in Bulgaria

Ukrainian global outsourcing product and application development company SoftServe announced the opening of a software development center in Sofia, Bulgaria.

The center will augment various software development engagements to support the company's vertical strategy.

Contactless Payments On The Rise in Europe

The European consumers made more than 340 million contacltess payments in 2013, shows the data of Visa Europe. 

The sum spent via contactless payments increased threefold and reached EUR 453 M. 

The growth is explained with the increasing popularity of such type of payments.

Bulgaria’s Pironkova Appears in Glamorous Self-Designed Dress

Bulgaria's top female tennis player Tsvetana Pironkova appeared in a glamorous self-designed dress at the official party of the Sony Open tournament in Miami.

The annual event was held at the elite Cavalli Miami night club, and was attended by some of the best female athletes of the sport.

Warm Weather Might Bring Losses to Bulgaria's NPP

The decreased electricity consumption might bring BGN 8 M losses to Bulgaria's nuclear power plant Kozlodui. 

Because of the unusually warm weather and low electricity consumption, Bulgaria's Electricity System Operator ordered the limiting of energy production by all power stations.