Latest News from Bulgaria

Grenade Launcher Shootout Rocks Downtown Sofia

A grenade launcher has been used near the home of an ex-security agent immediately next to the central area of Bulgaria's capital Sofia, officials have confirmed.

It is unclear whether the attack was targeting Alexei Petrov himself, a former employee of national security agency DANS widely suspected of having ties to the criminal underworld.

Trial agaist Bulgarian Ex-Deputy Parliament Speaker Misfires

Sofia City Court failed to launch on Thursday the trial against Hristo Biserov, a former Deputy Parliament Speaker who quit in 2013, days before reports emerged that he was under investigation over tax crimes.

Lure of gold draws hundreds to Bulgaria's rivers

Around a dozen men and a woman stand knee-deep in the waters of the Tundzha River in central Bulgaria, looking for specks of goldMore than 2,000 years after the ancient Thracians crafted their exquisite jewelry from gold deposits in Bulgaria, hundreds are combing its rivers again in the hope of striking it rich in the EU's poorest country.

Bulgaria's Dimitrov Loses to Nadal in Basel

Grigor Dimitrov, Bulgaria's best male tennis player, was defeated by Rafael Nadal (Spain) in the second round of at ATP 500 tournament in Basel, Switzerland.

Dimitrov lost on Wednesday evening 4:6, 6:4, 3:6.

In the first two sets, he managed to reach 4:0 before Nadal caught up.

This is Nadal's seventh, out of seven, defeat over Dimitrov.

Bulgaria's C-Bank Picks Deloitte to Evaluate Asset Quality

The Bulgarian National Bank says it has selected through public procurement Deloitte Bulgaria as the auditing company to assess the quality of assets in the banking system.

Other two contenders who had placed an offer were Oliver Wyman GmbH and Mazars LLP.

Bulgaria Ruling Party Loses Control on Sofia City Council - Final Count

Buglaria's main ruling GERB party has dramatically lost its absolute majority in the Sofia Municipal Council, final results show.

GERB, the center-right party of Prime Minister Boyko Borisov, has only mustered 42.88% of the vote, compared to the 48% of ballots it received in 2011.

The result then translated into 33 out of 61 seats.

Bulgaria-Greece Gas Link Gets BGN 215 M in State Guarantee

Bulgaria's government is to issue guarantees worth BGN 215 M (EUR 109 M) for the Interconnector Greece-Bulgarai (IGB) project in 2016, the cabinet's press office has said.

The decision, announced at a Wednesday cabinet meeting, has turned IGB into the single state-guaranteed investment project for which the government will secure funding by taking out more loans.

Bulgaria Ranks 38th in World Bank's Ease of Doing Business 2016 Ranking

Bulgaria ranked 38th in the latest Doing Business ranking of the World Bank, dropping two positions from the place it occupied last year.

Doing Business 2016 ranks 189 economies on their ease of doing business, with a high ease of doing business ranking meaning that the regulatory environment is more conducive to starting and operating a local firm

Bulgarian Cabinet Approves Agreement on Repair of MiG-29 Fighter Jets

The Bulgarian government approved at its regular meeting on Wednesday the intergovernmental agreement on the repair of the country's MiG-29 fighter jets by Poland.

Bulgarian Defence Minister Nikolay Nenchev and his Polish counterpart Tomasz Siemoniak signed the agreement on the repair of the fighter jets on October 22.

AFP: Thracian Treasures Have Unleashed Gold Rush in Bulgaria's Rivers

The numerous Thracian gold treasures, which have been excavated in Bulgaria over the years, have unleashed a gold rush in the country.

In the past years, more and more Bulgarians have started searching the country's rivers for specks of the precious metal, a recent article by AFP claims.

Bulgaria's Poverty Line Set to Increase to BGN 300 in 2016

The official poverty line in Bulgaria is set to increase to BGN 300 in 2016.

The government is expected to approve the change at its regular meeting on Wednesday, Darik radio informs.

In his last statement, Finance Minister Vladislav Goranov, said that Christmas bonuses will be allocated to pensions below BGN 300.

Pages