BSP

Bulgarian Prime Minister Boyko Borisov has warned it would take BGN 40-50 M (EUR 20-25 M) to hold new snap elections.

Fifteen Bulgarian villages are likely to elect their mayors at third round as winners emerged neither at the first round of the local elections held on October 25 nor in the run-offs taking place on November 1.

Bulgarian Interior Ministry Rumyana Bachvarova has confirmed that a grenade launcher attack in a neighborhood next to downtown Sofia targeted Alexei Petrov, a former agent suspected of having ties to the criminal underworld.

With 75 % of the ballot papers processed, it seems that Bulgaria's main ruling party, GERB, will lose the majority it has enjoyed in the municipal council of Sofia.

Prior to the local elections, which were held in Bulgaria on Sunday, GERB had 33 out of 61 municipal councillors in the capital.

Local elections are coming in just days, and Novinite is fully aware it did not provide the campaign coverage a news outlet covering a particular country usually does whatever vote is forthcoming.

A "Socialist Beer" is being featured at the traditional Mount Buzludzha fest held by Bulgarian Socialist Party (BSP) members, activists, followers and sympathizers this Sunday.

The year 2014 is the 124th anniversary since the BSP was set up. Private national bTV station reports that the beer, brewed specially for the socialist party, is available for just BGN 1.20 (EUR 0.60).

Strahil Angelov, a former lawmaker and now deputy head of one of the Bulgarian Socialist Party (BSP)'s local organizations in the capital Sofia, is leading the party.

Along with two other BSP members, Iskra Neycheva and Bozhidar Petrov, Angelov is quitting due to the lack of development within the party which, in his words, is failing to move forward in a constantly changing world.

The Bulgarian Parliament rejected the proposal of the opposition BSP party to discuss the possible limitation of further EU sanctions against Russia on Wednesday.

Last week, the parliament similarly refused to include the discussion of the proposal in its weekly agenda.

Lawmakers have given the thumbs up on a six-month bridge loan worth BGN 3 B (EUR 1.5 B).

The country has picked Citibank NA (London), HSBC Bank PLC, and local units of Societe Generale and UniCredit to provide the sum.

Under the agreement signed October 8, Bulgaria is granted a bridge loan of EUR 1.5 B to be paid off with government securities in 2015.

A bill to overhaul the 2014 budget will be put forward for discussion in the provisional Budget and Finance Committee of BUlgaria's Parliament.

The draft legislation was submitted to the National Assembly after the government adopted its text on Tuesday.

It envisages an increased budget deficit of BGN 2.992 B (3.7 percent of GDP) and a cap of this year's debt worth BGN 4.5 B.