Latest News from Bulgaria

EC Clears State Aid to Bulgarian State Railways

Published by Novinite on Tue, 09/09/2014 - 14:27

The European Commission has authorized state aid for the restructuring of the Bulgarian State Railways (BDZ) company, according to a letter of the Directorate-General for Competition to the caretaker Transport Minister Nikolina Angelkova.

Five Parties to Enter Bulgaria's Parliament - Survey

Published by Novinite on Tue, 09/09/2014 - 13:17

A total of 5 parties and coalitions are tipped to make it into Bulgaria's National Assembly after the October 5 early elections, data by polling agency Alpha Research [BG] shows.

Bulgaria's DPS 'Could Have Record Number of MPs' after Snap Vote

Published by Novinite on Tue, 09/09/2014 - 12:48

The Movement For Rights and Freedoms (DPS) are standing every chance of getting 40 MP seats within the next legislature, an expert has predicted.

Prof. Mihail Konstantinov, formerly election watchdog member and ex-head of the state company counting the ballots, has put the DPS's projected result at 550 000 votes.

Bulgaria's Construction Sector Records Slight Decline in July

Published by Novinite on Tue, 09/09/2014 - 12:03

Bulgaria's construction sector index of production in July was 0.3% below its level in the previous month, according to the national statistics preliminary data.

In July, the working day adjusted data showed an increase by 2.9% in the construction production, compared to the same month of 2013.

Bulgaria's Finance Ministry Placed 1-Year BGN-Denominated GS Issue

Published by Novinite on Tue, 09/09/2014 - 10:19

The Ministry of Finance successfully placed a one-year BGN-denominated discount Government Securities (GS) with maturity 10.09.2015.

At the auction held on 08.09.2014 the annual average weighted yield achieved on the approved orders is 0.78% and the spread to the benchmark German Bunds is 0.86%, according to a media statement of Bulgaria's Finance Ministry.

Bulgaria is Fifth Poorest Country in Europe – Serbian Statistics

Published by Novinite on Tue, 09/09/2014 - 07:37

Bulgaria is the fifth poorest country in Europe, according to a study of the Serbian Statistical Institute.

A total of 1.8 million people in Serbia live in poverty. The country ranks first among European countries with 24.6 percent of its population below the poverty line.

Teachers Urge Parents To Donate, Instead Of Buying Flowers

Published by Novinite on Mon, 09/08/2014 - 21:12

The teachers in the Shumen school "Sava Dobroplodni" urged parents to donate the money they are going to spend on flowers to the residents in the flooded areas of Bulgaria. 

It is traditional in Bulgaria for the school children to bring flowers for their teachers on the first day of school, September 15. 

PM Bliznashki: Central Bank Ignored Irregularities In Banking Sector

Published by Novinite on Mon, 09/08/2014 - 19:26

The Bulgarian National Bank kept its eyes shut for many irregularities in the financial sector, Bulgaria's caretaker Prime Minister Georgi Bliznashki told  bTV national channel. 

In Bliznashki's words, the situation with the Corporate Commercial Bank (KTB) was a "ticking time bomb" and hinted at eventual similar problems in the banking sector. 

Scientists Blame Negligence for Floods

Published by Novinite on Mon, 09/08/2014 - 18:59

Members of the Bulgarian Academy of Sciences (BAS) believe that the main cause of the devastating floods in Bulgaria is human negligence, not the torrential rains.

"There are no natural disasters, there is human negligence",  the head of the National Institute for Meteorology and Hydrology at BAS, Georgi Korchev, told Vesti.bg.

Emma Hopkins Appointed British Ambassador To Bulgaria

Published by Novinite on Mon, 09/08/2014 - 18:29

Emma Kate Hopkins OBE has been appointed Her Majesty's Ambassador to the Republic of Bulgaria, announced the British Embassy in Sofia. 

She will succeed Jonathan Allen, who will be transferring to another Diplomatic Service appointment. 

Hopkins will take up her appointment during May 2015.

Asylum Seekers in Bulgaria Increased 5 Times in 2013

Published by Novinite on Mon, 09/08/2014 - 16:28

The number of asylum seekers in Bulgaria has increased five times in 2013 compared with 2012, according to a report on the implementation of the revised National Program for Demographic Development until 2013.

In 2013, the number of asylum seekers in Bulgaria exceeded 7,000, which is over five times more than in 2012 and ten times more than in the previous years.

Serbian teams win three prizes at Microsoft competition

Published by Tanjug on Mon, 09/08/2014 - 15:45

BELGRADE - Serbian teams have won three prizes at the international Bubble Cup, one of Serbia's most prestigious competitions for IT experts.

This year's final, held on September 5-7, featured 24 teams - 10 from Serbia and the rest from Poland, Bulgaria, Lithuania, Great Britain and Croatia.

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