Latest News from Bulgaria

Bulgaria to Introduce 'Substantial Market Power' in Competition Act

Socialist MP Kornelia Ninova announced that the concept of "substantial market power" would be introduced in Bulgaria's Competition Protection Act.

In a Thursday interview for bTV, Ninova explained that the Commission for Protection of Competition had been given 3 months to prepare the methodology and identify companies possessing substantial market power.

Bulgaria to Not See Electricity Price Hikes in Years – Socialist MP

Socialist MP Yavor Kuyumdzhiev has assured that electricity prices in Bulgaria will not increase for years.

"Anybody may request an increase in power rates but what matters is what the State Commission for Energy and Water Regulation (DKEVR) permits, and the demands of power distributors are unrealistic," Kuyumdzhiev said Thursday in an interview for Nova TV.

Athletes return from Olympics with sense of togetherness

Athletes return from Olympics with sense of togetherness

Memories of friendship and solidarity were forged among athletes from the Balkans and Turkey during the 2014 Sochi Games.

The region's Olympians, like alpine skier Igor Laikert of BiH, returned home from Sochi this week with many memories. [AFP]

Police, prosecution and customs to counter corruption

BELGRADE - The regional conference on prevention of corruption on border crossings opened in Belgrade on Thursday.

The conference is hosted by the U.S. Embassy and it gathers representatives of the police, Prosecutor's Offices and customs services of Serbia, Bulgaria, Croatia, Hungary and Romania.

Belgrade wins Tourism Oscar as best place for tourism in SEE

BELGRADE - Belgrade has been proclaimed the best tourist place in South Eastern Europe (SEE) in a tourism action to pick the best in SEE tourism in 2013 carried out by Sacen International, an international center for tourism and hospitality development based in Serbia.

Bulgaria's University Graduates Take up Unskilled Jobs

Unemployment rates among Bulgaria's university graduates in the last five years have dropped to about 4 percent.

The encouraging statistics, however, are overshadowed by the fact that most of these employees do not occupy positions that require higher education.

Bulgaria and Greece To Set Up Transplantation Network

Bulgaria and Greece will set up a regional network for exchange of organs for transplantation.

This was agreed at a meeting between Bulgaria's Health Minister Tanya Andreeva and her Greek counterpart Adonis Georgiadis.

The Balkan transplantation network would facilitate the organ exchange among the neighbouring countries.

EC Raises Its Expectations for Bulgaria's Economy

The European Commission (EC) raises its forecast for the development of Bulgaria's economy in 2014 and 2015.

In its winter economic forecast, published on Tuesday, the EC expects Bulgaria's GDP to grow by 1.7% and by 2% in 2015. The autumn forecast provided for 1.5% in 2014 and 1.8% in 2015.

Bulgaria Slams Ukraine For Canceling the Status of Bulgarian Language

The Bulgarian government is dissatisfied with Ukraine's decision to cancel the recognition of Bulgarian language as regional language.

Earlier this week Ukraine's Verkhovna Rada canceled the State Language Policy Act, which was granting the status of “regional language” to the language of minority groups who make up more than 10% of the residents in an area.

Bulgaria's Prosecution Confirms Doubts for Violations in Bansko

Bulgaria's Supreme Administrative Prosecution (SAP) confirmed that there are doubts of construction violations in the Bansko ski resort.

The matter was referred to the prosecution by Bulgarian nature conservation organizations.

Support for Voting Rules Referendum Growing in Bulgaria

More than 300,000 signatures have been collected in favour of a referendum on Bulgaria's election rules and procedures.

Estimates from Tuesday morning claim the number has even reached 350,000, according to Bulgarian news agency Mediapool, which cites sources from the referendum's initiative committee.

Textile Company Pours BGN 55M into Three Bulgarian Factories

The E.Miroglio company, leader on the international textile market, will invest BGN 55M in its textile factories in Bulgaria's cities of Sliven, Yambol and Svishtov in 2014.

Part of the money will come from European programs, the owner of the enterprise Edoardo Miroglio announced.

Pleiad of Movie Stars to Shoot in Bulgaria

Hollywood actor Pierce Brosnan arrives in Bulgaria's capital city Sofia for a new movie shoot, Tuesday.

The James Bond series star will be joined by his celebrity colleague Milla Jovovich on Wednesday for the shoot of a thriller called Survivor, Nu Boyana Film Studios told Bulgaria's Dnevnik.

Thousands of Bulgarians and Romanians Leave Germany For Home

Thousands of Bulgarians and Romanians leave Germany to return to their home countries.

According to the German edition of The Local, which obtained data from the German Federal Statistics Office, in the last two years around 200 000 Bulgarians and Romanians have left Germany.