Latest News from Bulgaria

Bulgaria to Host Junior Eurovision Song Contest in 2015

Published by Novinite on Tue, 01/27/2015 - 09:11

Bulgaria will host the 2015 Junior Eurovision after the 2014 winners from Italy withdrew from the organization of the event, officials have confirmed.

In last year's competition, Bulgarian representatives Krisia, Hasan and Ibrahim charmed the European audience and came in second place, right behind Vincenzo Cantiello from Italy.

S&P Downgrades Russia's Credit Rating to `Junk`

Published by Novinite on Tue, 01/27/2015 - 09:05

The US rating agency Standard & Poor's (S&P) has downgraded Russia's credit rating to junk, which is below investment grade.

Russia's credit rating has been lowered to such a level for the first time in a decade, Bloomberg reports.

Having a rating of BB+, Russia is on a par with Bulgaria and Indonesia, which makes it difficult for Moscow to borrow money from investors.

Bulgarian Parliament to Hold Hearing of Energy Distributors

Published by Novinite on Tue, 01/27/2015 - 08:04

Members of the parliamentary Energy Committee will hold a hearing of the three electricity distribution companies (EDCs) operating in Bulgaria.

The three EDCs - CEZ, EVN and Energo-Pro, will have to explain the reasons behind the high electricity bills issued for the past month, private NOVA TV reports.

Consultations on Bulgaria's Pension Reform Continue

Published by Novinite on Tue, 01/27/2015 - 07:26

The second round of consultations on the parameters of Bulgaria's pension reform will take place on Tuesday.

Several new ideas emerged after the initiation of the consultations a week ago, electronic daily Dnevnik reports.

Bulgarian Troops Deployed at Border Will Not Bear Arms

Published by Novinite on Tue, 01/27/2015 - 06:41

The Bulgarian troops, who are to be deployed in order to aid the Interior Ministry in guarding the border with Turkey against the influx of illegal immigrants, will not bear arms.

This means that they will not be able to arrest people who cross the border illegally, daily Sega reports.

Bulgaria Launches EU-funded Advertising Campaign to Boost Domestic Tourism

Published by Novinite on Mon, 01/26/2015 - 17:50

Bulgaria's Ministry of Tourism has launched a campaign to advertise 50 little-known tourist sites around the country.

The financing for the campaign is provided under a project worth BGN 1.9 M, VAT excluded, under the EU operational program "Regional Development".

Bulgaria's Max to Offer New High Definition Voice Services

Published by Novinite on Mon, 01/26/2015 - 15:29

Bulgarian telecommunications opeartor Max has successfully demonstrated high definition voice and video services over its commercially available 4G LTE network, the first of its kind in Bulgaria.

Max announced Monday that it would extend its product range to include high quality voice products.

Milka Stefanova: Greeks Have Money, but Their State Doesn't

Published by Novinite on Sun, 01/25/2015 - 14:37

Thousands of Bulgarians live and work in Greece and are anxious about the EU future of Bulgaria's southern neighbor. In Sunday's early parliamentary election this future is at stake, as politicians there are sending mixed signals and as a scenario could unfold causing "the cradle of democracy" to fall out of the cradle rocked by Europe.

Bulgarian Authorities 'Arrested Varna-Based Criminal Gang'

Published by Novinite on Sun, 01/25/2015 - 13:58

A Varna-based criminal gang is responsible for three cases of murder in areas near the center of Bulgaria's capital Sofia, Deputy Chief Prosecutor Borislav Sarafov announced on Sunday.

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