Latest News from Bulgaria

Udovicic: Privatisation in sport inevitable

SOFIA - Serbia's outgoing Minister of Youth and Sport Vanja Udovicic said on Tuesday that privatisation in sport is inevitable and that the issue will be raised after the new government is formed.

IMF: Deflation and High Unemployment in Bulgaria in 2014

Consumer prices in Bulgaria will drop by 0.4% in 2014, which means there will be deflation, said the IMF in its spring World economic outlook. 

The Fund has increased its forecast for Bulgaria's GDP by 0.1%, to 1.6%. The expectations for the unemployment, however, remain pessimistic. It is expected that by the end of the year it will be 12.5%. 

Bulgaria's Food Safety Agency Sacked 7 Top Managers

Seven managers of Bulgaria's Food Safety Agency have been dismissed due to ineffective control and other violations.

The news was announced by the Executive Director of the Agency Plamen Mollov Tuesday at a press conference, Bulgarian News Agency reports.

Bulgaria Is Not That Attractive For Migrants Anymore

Bulgaria is now fully prepared for the migrant wave and is expecting it, but is not so attractive anymore, said Nikolai Chirpanliev, head of the State Refugee Agency (SRA). 

Privatization in sport "inevitable" - minister

Privatization in sport "inevitable" - minister

SOFIA -- Vanja Udovičić said on Tuesday that privatization in sport was "inevitable" and that the issue will be raised after the new government is formed.

Bulgaria, Iraq Discuss Direct Flights Sofia-Baghdad

Deputy Transport Minister Anton Ginev agreed on Tuesday with his Iraqi counterpart Bangen Rekani on a new document for bilateral air transport cooperation.

The agreement is expected to boost air traffic and lead to opening new lines, thus also creating jobs and enforcing Bulgarian-Iraqi trade.

Number of Vacant Offices in Sofia Declined in Q1 2014

The share vacant office space in Bulgaria's capital city of Sofia has dropped to 17.7% or just under 290 thousand sq.m. in Q1 2014.

This has been the lowest rate of vacant office space since Q1 of 2010, according to data by real estate company MBL, cited by Investor.bg.

Retail In Bulgaria On The Rise

In February retail and store turnover in Bulgaria increased – both year-on-year and compared to January 2014, shows data of National Statistics Institute (NSI). 

The retail sector grew by 1%, compared to January and by 9.2%, compared to February 2013. 

Bulgarian PM Opens Business Forum in Vietnam

Representatives of 21 Bulgarian companies are taking part in Tuesday's Bulgaria-Vietnam business forum in Da Nang.

The forum was opened by Bulgaria's Prime Minister Plamen Oresharski, as a part of his official visit to the Asian country.

The End of Windows XP Support Could Hurt ATM's

The termination of support for the operating system Windows XP could pose security threats to the ATMs. 

A survey of CNN Money shows that 95% of world's ATMs still use this operating system. As of April 8 Microsoft stops the technical support for it, which means that there will be no security updates and the ATMs could become an easy target for hackers. 

Bulgaria's Manufacturing Increased in February - NSI

Industrial production in February increased by 0.7% compared to January and by 6.5% on an annual basis, according to data released by Bulgaria's National Statistical Institute.

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