Management Board

State Fund Agriculture paid BGN 996 645 for 299 contracts concluded under the state aid scheme for co-financing of insurance premiums for agricultural products. A total of 371 applications amounting to a total of BGN 1,822,427 were submitted during the admission period.

The livestock farmers received extraordinary aid of nearly BGN 11 million, announced the Agriculture State Fund. On average one farmer received about BGN 620. The aid of BGN 10 968 954 was paid to 17 723 breeders under the exceptional aid schemes for the adjustment of milk producers and farmers in other sectors of livestock breeding. Some of the farmers were subsidized by more than one scheme.

At the beginning of the Bulgarian Socialist Party's (BSP's) plenary session earlier today argued if the question for the exclusion of the businessman Georgy Gergov from the Executive Board of the party should be discussed, reported Dnevnik.

Belgrade's Partizan basketball club will not take part in the next Eurocup Basketball competition due to the difficult financial situation.

The news was confirmed by Partizan Director Predrag Danilovic after a session of the Management Board.

Austrian bank group Hypo Noe Gruppe has opened an office in Bulgaria.

The Sofia-based office will service customers from all over the country, according to a media statement of the bank, as cited by Capital daily.

?he General Assembly of the Bulgarian Business Leaders Forum (BBLF) has elected four members of the Management Board at an annual meeting.

Petar Ivanov, Microsoft General Manager for Bulgaria and Macedonia, and Boryana Manolova, CEO of Siemens Bulgaria, are the new members of the BBLF Management Board.

Industrial energy consumers in Bulgaria have called for a 23% reduction in gas prices from April, instead of the 13% price decrease proposed by state-owned gas supplier Bulgargaz.

Work on the Hemus and Trakia motorways will resume in March, when the winter road cleaning regime across the country is partially lifted, according to Lazar Lazarov, Chair of the Management Board of the Road Infrastructure Agency.

Lazar Lazarov, Chairman of the Management Board of the Roads Infrastructure Agency, has assured that tolls will only be levied on heavy goods vehicles.

In a Wednesday interview for the morning broadcast of bTV, Lazarov informed that toll revenue would go to road maintenance.
He said that the new tolls were expected to take effect in 2018.

The Supervisory Board of the state-owned Bulgarian Development Bank (BDB) has conducted a top-level reshuffle.

Angel Gekov and Iliya Kirchev will replace the outgoing Chairman of the Management Board and Chief Executive Officer Dimo Spasov and the member of the Management Board and Executive Director Ivan Hristov.

Bilian Balev remains part of the governing body of the BDB.