Latest News from Bulgaria
Bulgaria’s End-August Gross Foreign Debt Rises 2.2% Y/Y
Bulgaria's gross foreign debt totalled EUR 38.2B as of end-August, increasing 2.2% from a year earlier and 2.3% higher compared with end-2013, the central bank has said.
Gross foreign debt was equivalent to 94.3% of projected 2014 Gross Domestic Product as of end-August, the Bulgarian National Bank said in a statement on Thursday.
Deposits In Bulgaria's Banks Up BGN 531 M In September
The deposits in Bulgaria's banks grew by BGN 531 M in September, shows data of the Bulgarian National Bank.
This is the second consecutive month with growth, after the summer bank troubles when depositors were withdrawing large sums.
At the same time the lending activities remain relatively weak - in September the banks gave BGN 342 M in credits.
Bulgaria Is Second Favorite Destination Among Russians
Bulgaria only lags behind Spain as Russians' choice to spend their holiday, a Russian survey says.
"Europe was less popular in 2014 if compared to Turkey and Egypt. The drop in demand was registered as early as in spring. This was why tourist operators optimized the summer program, trying to conform it to the real tourist demand," the operator TUI Russia's website informed Thursday.
Varna Court Asked to Extradite Convicted Drug Smuggler to Germany
The Varna District Court has arrested German national Maxim Schmidt under a European Arrest Warrant (EAW) issued by the prosecuting authority in Aachen.
The 37-year-old German national is wanted in Germany to serve a prison sentence issued by the regional court of Aachen for smuggling heroin.
The prison term of a year and a half was imposed for offences committed in 2006.
Macedonia ups Tempo on Rail Link to Bulgaria
With work on the first section now in progress, Macedonia has issued a project call for the third and final stretch of its long-awaited rail spur to Bulgaria.
ALDE President: Bulgaria Should Form Govt without Nationalist Formations
The Alliance of Liberals and Democrats for Europe (ALDE) Party has issued recommendations about the makeup of Bulgaria's new government.
ALDE President Guy Verhofstadt declared that the worst possible outcome of the ongoing coalition talks in Bulgaria would be a cabinet with the participation of nationalist formations like the Patriotic Front and the Ataka party.