Latest News from Bulgaria

Bulgaria Registers Negative Balance of Trade with EU in January-July

Between January and July 2015, Bulgaria registered a negative balance of trade with the EU, which exceeded BGN 2.4 B.

This becomes clear from the latest figures of the National Statistical Institute (NSI), which were released on Friday.

Queen's Legendary Guitarist Brian May to Perform in Bulgaria in March 2016

One of the founders and lead guitarist of British rock band Queen, Brian May, will perform for the fist time in Bulgaria on 16 March 2016.

May is one of the greatest guitarists of all time and the author of some of Queen's greatest hits such as "We Will Rock You", "Who Wants To Live Forever", "The Show Must Go On", "I Want It All", "Save Me".

Turkish Arkomat to Open Second Wire Harness Production Plant in Bulgaria

The Turkish company Arkomat, which specialises in the production of wire harnesses for Volkswagen, will open a second production plant in Bulgaria in a month.

Arkomat opened its first factory in Bulgaria in the town of Kazanlak sixteen years ago and now plans to open a second one in the town of Karlovo.

Bulgarian FinMin Foresees More Spending on Defence, Education in 2016 Budget

Bulgarian Finance Minister Vladislav Goranov expressed hope on Friday that the government budget for 2016 will allocate more funds for spending on defence, education and infrastructure.

Goranov added that the draft government budget for 2016 will be tabled to parliament until October 30, the Bulgarian National Radio (BNR) quotes him as saying.

Bulgarian DefMin Hopes Contract on Repair of MiG-29 Jets to be Ratified by End of Month

Defence Minister Nikolay Nenchev expressed hope that parliament will ratify the contract with Poland on the repair of Bulgaria's MiG-29 fighter jets in the next one-two weeks.

Nenchev said in Brussels on Thursday that both Bulgaria and Poland will sign the contract once it is ratified, private bTV station quoted him as saying.

'Bulgaria's Oligarchs Are the Politicians,' KTB Owner Vasilev Says

Developments at collapsed Corporate Commercial Bank (KTB) are tantamount to expropriation, Bulgarian businessman Tsvetan Vasilev, who was the bank's majority owner, has said in an interview with private national TV7 station.

NATO Defence Ministers Agree to Set Up Two More Force Integration Units

At their meeting in Brussels on Thursday, the defence ministers of NATO member countries agreed to set up two Force Integration Units in Hungary and Slovakia.

In September, NATO established such units in six countries on the eastern flank of the Alliance - Bulgaria, Estonia, Latvia, Lithuania, Poland and Romania.

2015 Men's Volleyball European Championship Begins in Bulgaria, Italy

The 29th edition of the men's volleyball European Championship begins in Bulgaria and Italy on Friday.

The final round of the tournament, which will last between October 9 and 18, is hosted by four cities - Sofia and Varna in Bulgaria and Turin and Busto Arsizio in Italy.

A total of sixteen teams are split into four groups with four teams each.

Bulgaria ex-FinMin Quits as Rector of Russia University

Simeon Djankov, a former Bulgarian Finance Minister, has stepped down as rector of the New Economic School in Moscow (also known as the Russian School of Economics, RES), RBC Daily reports.

The business news outlet writes there is "mutual consent' about the move after Djankov has taken the office since 2013. Djankov is not leaving the Board of Directors of RES.

Probe Launched into Pile-Up on Bulgaria's Hemus Motorway

Prosecutors have started an investigation into the deadly pile-up that left 3 people dead and 14 injured (10 seriously) in a tunnel o the Hemus Motorway in Bulgaria.

The tunnel is now open after having been sealed off to traffic from Thursday afternoon to about 02:00 local time (EEST) on Friday.

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