Latest News from Bulgaria

EBA Investigates Possible Breach Of EU Law In Bulgaria

The European Banking Authority (EBA) has launched an investigation of possible breach of EU law in Bulgaria, in connection to the situation with the troubled Corporate Commercial Bank (KTB), said the authority in a press statement.

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EC Opens Infringement Proceedings Against Bulgaria over KTB

The European Commission (EC) said on Thursday it is opening infringement proceedings against Bulgaria for its failure to allow clients of troubled Corpbank (KTB) access to their money.

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Parov Stelar Band To Swing In Sofia On October 3

The popular electro swing band Parov Stelar Band will play in Sofia's Arena Armeec hall on October 3.

The show will feature old, as well as the band's most recent material from 2013.

This would be the sixth concert of Parov Stelar Band in Bulgaria in the recent years, after appearances at summer festivals and Sofia clubs.

NEK Expects Additional BGN 1 B Deficit

Bulgaria's National Electricity Company (NEK) expects additional BGN 1 B deficit for the current regulation period, said the company's Ventsislav Markov at a session of the energy watchdog DKEVR.

Bulgaria's Banking System Faces No Criminal Threats

Bulgaria's banking system faces no criminal and cyber threats, said the head of the State Agency for National Security (DANS) Vladimir Pisanchev.

Speaking after an international conference on information security and data storage, he told journalists that the country's bank system was safe for the time being.

Flu Epidemic Most Likely To Peak In January – February

This winter's flu strains will most likely be the same as last year's, said Dr Mayda Tiholova, national consultant on infectious diseases, for the Bulgarian National Radio.

The epidemic will most likely peak in January and February, as usual.

Bulgaria’s 2014 Budget Deficit Could Rise to 4.5%/GDP

Bulgaria may close the year with a budget gap of 4.0-4.5% of GDP instead of planned 1.8%, Sofia-based daily 24 Chasa reported on Thursday, citing "high-placed state sources".

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First Official Soapbox Competition To Take Place In Bulgaria

The Red Bull Soapbox Race Sofia 2014, the first official soapbox car competition in Bulgaria, will take place on September 28.

The non-motorised racing event that challenges both experienced racers and amateurs alike to design and build outrageous, human-powered soapbox dream machines arrives in Bulgaria and will take place at Sofia's Cherni Vrah boulevard.

Seven suspects arrested in illegal adoption investigation

Seven suspected members of a cross-border racket alleged to have mediated in the sale of babies from Bulgaria to childless couples from Greece faced a prosecutor in Trikala, central Greece, on Wednesay.

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