Latest News from Bulgaria
Retailers in Bulgaria Obliged to Pay Suppliers within 30-Day Deadline
Changes to the Competition Protection Act envisaging a 30-day deadline for payments of retail chains to suppliers passed second reading in Bulgaria's Parliament on Thursday.
The amendments were initiated by the Bulgarian Socialist Party (BSP).
Bulgaria's Technomarket CEO Released on Bail in Tax Fraud Probe
Nikolay Kitov, founder and CEO of Bulgaria-based Technomarket consumer electronics and household appliances chain, has been released on a BGN 10,000 (EUR 5,000) bail by Sofia City Court (SCC), according to BGNES.
EU to Step Up Efforts to Back Dairy Producers amid Russian Food Ban
Phil Hogan, European Commissioner for Agriculture and Rural Development, has admitted that dairy farmers in the EU, including Bulgaria-based ones, are going through a rough patch not only due to the Russian ban on imports of agricultural production from Western countries, but also the instability of the market.
Bulgaria's PM, Montenegro's President Discuss Opportunities for Power Exports to Italy
Prime Minister Boyko Borisov has suggested at a meeting with Montenegro's President Filip Vujanovic that Bulgaria may use a high-voltage link between Montenegro and Italy, which is yet to be completed, in order to export electricity to Italy.
Borisov and Vujanovic met Friday at the Council of Ministers building in Sofia, according to the press office of the Bulgarian government.
Bulgarian Exports to Third Countries Register 10.4 % Increase in January-May
Between January and May, Bulgarian exports to third countries increased by 10.4 % compared to the same period in 2014 and amounted to BGN 6.8 B.
This is revealed by the preliminary estimates of the National Statistical Institute (NSI), which were released on Friday.
CESEC Countries Move to Build Integrated Gas Market
Fifteen EU and Energy Community countries in Central Eastern Europe and Southeastern Europe agreed on Friday to join forces to speed up the creation of missing gas infrastructure links, the European Commission said.
Bulgarian PM Borisov States Willingness to Assist Greece
Bulgarian PM Boiko Borisov stated Thursday that the EU's poorest economy is ready to provide Greece with humanitarian aid.
Two Bulgarian Teams to Play in Second Qualifying Round of Europa League
The football teams of Beroe and Cherno More will represent Bulgaria in the second qualifying round of the UEFA Europa League.
This became clear after the second leg of the first qualifying round, which took place on Thursday.
FT: Cash-Strapped Greeks Accepting Bulgarian Levs
With banks in Greece closed since 29 June and cash withdrawals rationed at up to EUR 60 per day, the Bulgarian lev has gained the status of a 'dependable and stable' currency at shops, hotels and restaurants in northern Greece, the Financial Times has said.
EU Agriculture Commissioner Pays Visit to Bulgaria
European Commissioner for Agriculture and Rural Development Phil Hogan will pay a visit to Bulgaria on Friday at the invitation of Agriculture Minister Desislava Taneva.
Apart from meeting with Taneva, Hogan will also hold talks with Bulgarian President Rosen Plevneliev, Prime Minister Boyko Borisov as well as MPs from the parliamentary Agriculture and Foods Committee.
Bulgaria to Continue Supporting Euro-Atlantic Integration of Montenegro - President
President Rosen Plevneliev assured that Bulgaria will continue supporting the European and Euro-Atlantic integration of Montenegro.
Plevneliev said this after his meeting with the President of Montenegro Filip Vujanovic in Sofia on Thursday, the website of the president informs.
Bulgaria Has to Step up Banking Supervision - Candidate for New BNB Chief Radev
Strenghtening banking supervision and evaluation of banks' assets are key to successful reform of Bulgaria's banking sector, a nominee for a new chief of the country's central bank has said.
According to Dimitar Radev, the collapse of Corporare Commercial Bank, or KTB, has shown that Bulgaria is lacking tools for the restructuring of banks.
Bulgaria Needs to Join SSM - Nominee for BNB Chief Manolov
Bulgaria should keep its currency board system until adopting the euro, and join the EU's Single Supervisory Mechanism (SSM) immediately after Bulgarian banks pass stress tests, a nominee for a new chief of the country's central bank said on Thursday.
Defence Minister: Nine of Bulgaria's MiG-29 Fighter Jets Need Repair
Bulgarian Defence Minister Nikolay Nenchev said on Thursday that nine of the country's nineteen MiG-29 fighter jets need repair.
Nenchev added that progress was being made towards the signing of the maintenance contract with Poland, where the engines are to be repaired.
Bulgaria's National Gallery Square 500 Admits Visitors for Free Every Second Thursday
Bulgaria's recently opened National Gallery Square 500 announced that it will admit visitors free of charge every second Thursday of the month.
The management of the gallery has declared every second Thursday as open doors day, when visitors will be able to admire the exhibitions for free.