Latest News from Bulgaria
Bulgaria's Producer Price Index Posts 1% Decrease in August Y/Y
Bulgaria's producer price index saw a decrease by 0.1% in August compared to the previous month, according to the country's National Statistical Institute, NSI.
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BGN 8M Drained by Credit Card Skimmers in 2013
A total of BGN 7,93M was stolen in Bulgaria last year as a result of credit card frauds, namely skimming, according to data provided by financial analysts, cited by 24 Chasa Daily.
The number of bank cards in 2013 was 8,259,629, or an average of one card per person.
Investors Find Unpredictability in Bulgaria More Frustrating than Corruption – AmCham
It is no longer corruption but stability which has become a major concern for investors in Bulgaria, according to Valentin Georgiev, Executive Director of the American Chamber of Commerce in Bulgaria (AmCham Bulgaria).
Deputy PM Zaharieva: 78% of Regional Development Ministry Budget Spent in H1 2014
Bulgaria's Ministry of Regional Development budget lacks some BGN 10-11M needed for the maintenance of roads in the winter season.
If the budget is not updated, the amount will reach BGN 40-50M in the spring, caretaker deputy Prime Minister Ekaterina Zaharieva told Bulgarian National Television. Another BGN 80M is needed for road repairs after the floods, she added.
Aurubis to Invest EUR 75 M in Its Copper Plant in Bulgaria's Pirdop
Germany's leading copper producer Aurubis is planning to invest EUR 75 M in its plan in the town of Pirdop, Aurubis Bulgaria CEO Tim Kurt has announced.
About EUR 25 M of the money is earmarked for 2015, specialized outlets writing about the metal industry quote him as saying.
Another EUR 50 M will be set aside for a renovation program in 2016.
Bulgarian Experts Demand Separate Tourism Ministry
Experts and representatives of a range of political parties have agreed on the need to establish a separate Tourism Ministry.
Bulgaria's goals and priorities in the sphere of tourism were discussed at a public discussion at the headquarters of the Bulgarian Academy of Sciences (BAS).
Bulgaria's Foreign Ministry Turns Down Donation of Pacific Island
The Ministry of Foreign Affairs has rejected a proposal to acquire an island drifting across the Pacific Ocean.
It has described the 30 000 km territory, which is roughly the size of Belgium, as "movable property" and "an artificial floating object".
Bulgarian Energy Watchdog to Decide on Electricity Bills
A final decision is expected Tuesday at the state energy regulator DKEVR about the price hike in electricity to be enforced on October 1.
The increase is likely to be of 10 percent, according to preliminary estimates and also to numerous statements recently made by DKEVR officials.
KTB Depositors Threaten to Foil Bulgaria's Elections
Depositors at troubled Corporate Commercial Bank (KTB) have demanded that the bank be open before October 5, the date of early elections for Parliament in Bulgaria.
They have also insisted that Bulgarian National Bank (BNB) Governor Ivan Iskrov step down immediately.
Bulgaria's Dimitrov Beats Verdasco in First China Open Match
Tennis player Grigor Dimitrov managed to secure a hard victory against Spain's Fernando Verdasco in his first encounter at China Open in Beijing.
Dimitrov won the match that lasted 1 h 36 min and ended 6:1, 3:6, 6:3.
After an easy first set for Dimitrov, Verdasco posed a tough challenge to the Bulgarian, who lost the second one.
Four Balkan States Agree to Reduce Roaming Fees to EU Level
Montenegro, Serbia, Bosnia-Herzegovina and Macedonia have agreed on a gradual decrease of roaming charges for mobile communications.
The four countries will also demand from Brussels to consider changes to roaming prices for their citizens visiting the union, BGNES wire service quotes Serbia's Trade Minister Rasim Ljajic as saying.
Court Halts 'Lost Files' Trial Against Bulgarian ex-Socialist Leader
Former socialist party leader and current MEP Sergey Stanishev will not be tried over the seven secret documents he allegedly lost while he was Prime Minister, magistrates say.
The reason is that Stanishev enjoys immunity as member of the European Parliament.
'Joy of Europe' begins on October 2
BELGRADE - Belgrade will become a place of joy and creativity that children from across the globe will share with their peers and adults as part of the event titled "Joy of Europe" from October 2-5.
This year's event will be 45th in a row, and will start off with a carnival, meaning that participants will stage a walk through Belgrade's pedestrian zone.
Bulgaria’s next Parliament to Consist of 7-8 Parties - Poll
Bulgaria's next Parliament is likely to consist of 7-8 parties or coalitions, according to a poll of the Institute of Modern Politics (IMP).
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Liberals' Head Lyutvi Mestan Demands International Probe into KTB Affair
The Movement for Rights and Freedoms (DPS)'s leader called for an investigation into the recent developments at Bulgaria's Corpbank, media sources say.