Kristalina Georgieva

EU leaders meet in Brussels on Saturday afternoon to decide who will be the next President of the European Council and EU’s foreign policy chief.

Maxim Behar, founder and CEO of Sofia-based PR agency M3 Communications Group Inc.,part of global Hill+Knowlton Strategies Group, on Wednesday joined the Ice Bucket Challenge.

Sergei Stanishev has said he’ll back Kristalina Georgieva for the post of EU foreign policy chief if EU leaders decided to give the position to the European People’s Party.

Kristalina Georgieva has been nominated to become EU foreign policy chief "in an attempt to break the deadlock" over who will take the post, the Financial Times wrote Wednesday.

A Europe-friendly caretaker cabinet is now governing Bulgaria until the early elections, German weekly Der Spiegel's website [DE] wrote Wednesday.

The new team revealed by President Plevneliev replaces a "pro-Russian government", the magazine reports.

Kristalina Georgieva officially was nominated by Bulgaria's president Rosen Plevneliev for a second term as Bulgaria's EU commissioner, report the Bulgarian-language media. 

Her nomination will be officially made at the first meeting of the country's new caretaker government by the Prime Minister Georgi Bliznashki. 

A total of 26% of Bulgarians would vote for the opposition center-right GERB party if elections took place today, the latest poll of Exacta Research shows.

Bulgaria's Prime Minister in resignation Plamen Oresharski made a statement in Parliament briefly before lawmakers approved his move to step down.

A year ago I was facing a tough task: to head a government that did not enjoy wide support. We worked in the most complicated environment in our political history. We were led by the people's interest despite resistance we met everyday.

It is always better to save a systematically important bank than to close it down, Bulgaria's Prime Minister Plamen Oresharski commented on the events at KTB.

In an interview with Bulgarian daily Standart, Oresharski, who has been Minister of Finance in two previous governments, argued the funds needed to shut down the Corporate Commercial Bank (KTB) would exceed estimates so far.

EUR 1.8 bn pledged for Serbia and Bosnia

BRUSSELS -- A total of EUR 1.846 billion worth of aid for Serbia and Bosnia-Herzegovina was raised at the donor conference in Brussels on Wednesday.

This was announced by European Commissioner for International Cooperation, Humanitarian Aid and Crisis Response Kristalina Georgieva at the conclusion of the conference.