Latest News from Bulgaria
Amway to Invest USD 0.5M in Launching Bulgarian Business
Multi-level marketing company Amway is to invest USD 0.5 M into launching a business in Bulgaria.
Amway is to set foot on the Bulgarian market in June 2014 with an initial investment of USD 0.5 M, according to reports of investor.bg.
The company will start a series of online and offline trainings of its distributors under the platform Amway Academy.
Serbian Court Places Tsvetan Vasilev Under Recognizance Order
A Serbian court has ordered Tsvetan Vasilev, majority owner of Bulgaria's troubled Corpbank (KTB), to report to police every day while awaiting a decision on his potential extradition.
According to Sofia-based 24 Chasa daily, the restriction measure was imposed after Vasilev was interrrogated at Serbia's Supreme Court in Belgrade late on Tuesday.
Bulgarian Hoteliers Stage Protest to Demand Separate Tourism Ministry
Bulgarian hoteliers will stage a protest Wednesday at a section of the Burgas- Sunny Beach near Aheloy to demand a separate ministry of tourism and a solution to a number of other problems.
"Tourism is a fundamental sector of Bulgarian economy," said Sunny Beach owners' union chairperson Elena Ivanova, as cited by the Bulgarian National Radio.
Bulgaria's Caretaker Govt Allocates BGN 8М for Sofia Metro Line Extension
Bulgaria's caretaker government will allocate BGN 8 M for the completion of the last metro station of the extension of the second metro line in Sofia,Wednesday.
Another BGN 5.6M will be allocated for the construction of a sports complex in the city of Plovdiv, the government press office informed.
The procedure coincides with the celebration of the St. Sofia day, September 17.
Bulgarian Environment Ministry Warns of Possible Flash Floods
The Ministry of Environment has warned of expected rise of river water levels mainly in western and central Bulgaria on Wednesday.
Local flash floods due to intensive rainfalls are also possible.
Bulgaria's Institute for Meteorology and Hydrology forecast for Wednesday is for rainfalls in many parts of the country, more excessive in the eastern Bulgarian Burgas region.
Countries of Danube region support South Stream
BUDAPEST - Hungary, Serbia and Bulgaria, and the chambers of commerce of these countries support the construction of the South Stream gas pipeline, arguing that it will help the economic development of these countries and they therefore expect that the EU and Russia will come to an agreement concerning the project.
Bulgaria's Joint Forces Command Chief Replaced
Rear Admiral Georgi Motev took over from Lieutenant General Atanas Samandov as Commander of Bulgaria's Joint Forces Command, the Defenсe Ministry reported.
President Rosen Plevneliev decreed that Samandov be discharged from military service and join the reserve. Motev will hold the post on an interim basis.