ARCHIVE - 3 August 2012

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Business

FinMin about to Shut Bulgarian State Railways over 'Socialist Thinking'
Bulgarian Govt to Form Emergency Body to Save Collapsing Railways
Bulgaria Registers over 12% Unemployment in Q2 2012
Bankruptcy Looms for Bulgaria's Passenger Train Services
Moody's Slashes Slovenia's Bond Rating by 3 Notches
Algeria Settles Cold War Era Debt with Bulgaria
Greece's Eurobank, National Bank Join Tussle for Emporiki
Turkish Companies to Supply Gas to Bulgaria
Bulgarian Energy Minister: N-Plant Is Unbearable Burden
Bulgaria Ranked 8th Most Popular Property Destination

Politics

Bulgaria May Get 15% More EU Funds for 2014-2020 - Minister
Over 1400 Bulgarians Found Work in other EU Countries in 2012
Bulgaria Cleans Black Sea Coast with EU Funds
Germany Scraps Bulgaria's 2012 Schengen Joining

Society

Sand Sculptures Bring Coastal Feel, Magic to Capital Sofia
Flames Engulf Major Archeological Site in Bulgaria
Rally Slams Sofia New Parking Rules as Arm-Twisting
Drivers in Bulgaria with Lights On Day and Night Next Week
Bulgaria's Capital 'Breathes' with Temporary Street Closure
Busta Rhymes, Prodigy, Korn Top Names at 'Spirit of Burgas' 2012
Top Bulgarian Archaeologist Finds 2nd 'Womb' Cave

Sports

Bulgaria's Lalova Makes It to 100 m Sprint Semi-Finals in London
Bulgaria's Lalova Targets Olympic 100 M Final after European Gold
Bulgarian Shot Putter Fails to Throw His Way into Finals
Australia's Volleyroos Disappointed after Going Down to Bulgaria

Crime

Bulgarian Border Police Detain Chechen, Turkish Terrorists
Health Issues Help Another Top Bulgarian Defendant Flee Abroad
SEEMO: Bulgaria Must Reopen Investigation of Attack on Journalist
Border Police Detain 14 Afghans Who Entered Bulgaria Illegally
Bulgarian Police Bust Illegal Treasure Hunting Channel
Katunitsa Murderer Jail Time Upped by 1 Year on Appeal
Bulgaria Seeks EU Assistance in Tracing Terrorist's Calls

Views on BG

High-Jump Queen: Bulgaria's Men's Volleyball May Have Shot at Medal
Foreign Workers in Sweden: Berrypickers, Unite!

Quotes

Today's Quote

World

Syria's Assad Regime Wants to Join Russia, Kazakhstan, Belarus in Customs Union
Russian Blogger Navalny Barred from 'Pussy Riot' Trial
UNESCO Chief Bokova Urges Iraq to Divert Pipeline from Babylon
Obama Keeps Strong Lead ahead of Romney - Poll
Russian President Putin Urges Leniency for 'Pussy Riot'

Novinite Insider

Bulgaria's 'Lord of the Rings' and the Silver Olympic Lining

Business

FinMin about to Shut Bulgarian State Railways over 'Socialist Thinking'

After terminating last month the monthly state subsidy to the ailing Bulgarian State Railways BDZ, Bulgarian Finance Minister Simeon Djankov has given the company management one weekend to come up with new reforms to save the company.

Business | August 3, 2012, Friday // 17:29

Bulgarian Govt to Form Emergency Body to Save Collapsing Railways

Bulgaria's transport authorities are going to form an emergency body in order to figure out a way to rescue the collapsing Bulgarian State Railways BDZ, the holding's CEO Yordan Nedev revealed Friday afternoon.

Business | August 3, 2012, Friday // 16:09

Bulgaria Registers over 12% Unemployment in Q2 2012

In Bulgaria, in the second quarter of 2012, the economically active population aged 15-64 was 3 283.1 thousand or 66.6% of the population in the same age group.

Business | August 3, 2012, Friday // 14:35

Bankruptcy Looms for Bulgaria's Passenger Train Services

The passenger trains in Bulgaria can stop running as early as mid-August, according to Yordan Nedev, CEO of Passenger Transport of Bulgaria's troubled State Railways company, BDZ Holding.

Business | August 3, 2012, Friday // 09:48

Moody's Slashes Slovenia's Bond Rating by 3 Notches

Moody's rating agency has downgraded Slovenia's government bond rating by three notches — to just two above junk — due to concerns about the country's troubled banks and rising borrowing costs.

Business » Finance | August 3, 2012, Friday // 16:00

Algeria Settles Cold War Era Debt with Bulgaria

Bulgaria and Algeria have fully settled their debt issue after the latter has paid a total of USD 14.3 M to the former, the Bulgarian Finance Ministry announced Friday.

Business » Finance | August 3, 2012, Friday // 15:14

Greece's Eurobank, National Bank Join Tussle for Emporiki

Greece's Eurobank has joined the race to buy Emporiki Bank of Greece, the Greek unit of France's Credit Agricole SA.

Business » Finance | August 3, 2012, Friday // 11:40

Turkish Companies to Supply Gas to Bulgaria

Private Turkish companies are showing interest in supplying natural gas to Bulgaria, according to Energy and Economy Minister Delyan Dobrev.

Business » Energy | August 3, 2012, Friday // 12:44

Bulgarian Energy Minister: N-Plant Is Unbearable Burden

The price to construct a second Nuclear Power Plant in the Danube town of Belene is an impossible burden for Bulgaria, and will be the double of all assets of the country's energy sector.

Business » Energy | August 3, 2012, Friday // 12:03

Bulgaria Ranked 8th Most Popular Property Destination

Bulgaria has climbed 10 places to place 8 in the ranking of international property portal TheMoveChannel.

Business » Properties | August 3, 2012, Friday // 13:42

Politics

Bulgaria May Get 15% More EU Funds for 2014-2020 - Minister

If Bulgaria retains its current parameters, it stands the chance of getting 10-15% more EU money in the next programming period, according to EU Funds Minister Tomislav Donchev.

Politics » Bulgaria in EU | August 3, 2012, Friday // 15:08

Over 1400 Bulgarians Found Work in other EU Countries in 2012

Over 1400 Bulgarians started work in other EU Member States this year within the EURES network, according to Elena Vidinska, chief expert at the Bulgarian Employment Agency.

Politics » Bulgaria in EU | August 3, 2012, Friday // 12:06

Bulgaria Cleans Black Sea Coast with EU Funds

Bulgaria's coastal line from the largest resort Sunny Beach to the historical town of Sozopol will be cleaned with EU funding.

Politics » Bulgaria in EU | August 3, 2012, Friday // 11:02

Germany Scraps Bulgaria's 2012 Schengen Joining

Bulgaria and Romania can end up not being ready to join the free Schengen zone in 2012, even gradually, says German Interior Minister, Hans-Peter Friedrich.

Politics » Bulgaria in EU | August 3, 2012, Friday // 09:10

Society

Sand Sculptures Bring Coastal Feel, Magic to Capital Sofia

Dozens of sand sculptures adorn the entry to Sofia popular Southern Park, evoking feelings of sea and all the good that the summer season has to offer.

Society | August 3, 2012, Friday // 17:54

Flames Engulf Major Archeological Site in Bulgaria

A powerful fire has broken out at Golyamata Kosmatka mound in Central Bulgaria, a site of some of the biggest archeological findings here.

Society | August 3, 2012, Friday // 16:25

Rally Slams Sofia New Parking Rules as Arm-Twisting

Citizens of Bulgaria's capital Sofia protested on Friday against the upcoming new parking rules and hike in parking fees, slamming them as nothing short of racketeering and arm-twisting.

Society | August 3, 2012, Friday // 12:02

Drivers in Bulgaria with Lights On Day and Night Next Week

Drivers on Bulgarian roads will be required to have their lights on during the day too as of next week.

Society | August 3, 2012, Friday // 10:25

Bulgaria's Capital 'Breathes' with Temporary Street Closure

Ivan Shishman Street in downtown Sofia will be turned pedestrian once again every Sunday until the end of August in a bid to reduce air pollution from traffic and favor commuting by foot.

Society » Environment | August 3, 2012, Friday // 10:25

Busta Rhymes, Prodigy, Korn Top Names at 'Spirit of Burgas' 2012

Busta Rhymes, Prodigy, and Korn are the biggest names on the program of the Spirit of Burgas music festival in the Bulgarian Black Sea city of Burgas that kicked off Friday night.

Society » Culture | August 3, 2012, Friday // 18:50

Top Bulgarian Archaeologist Finds 2nd 'Womb' Cave

Prominent Bulgarian archaeologist, Professor, Nikolay Ovcharov, has discovered a second "womb" cave in the country.

Society » Archaeology | August 3, 2012, Friday // 13:10

Sports

Bulgaria's Lalova Makes It to 100 m Sprint Semi-Finals in London

Bulgaria's best female sprinter Ivet Lalova has made it to the 100 m sprint semi-finals at the London Olympics.

Sports » London 2012 | August 3, 2012, Friday // 21:29

Bulgaria's Lalova Targets Olympic 100 M Final after European Gold

Bulgaria's Ivet Lalova will seek to enter the 100 m sprint finals at the Olympic Games after grabbing the European title in the same field earlier this year.

Sports » London 2012 | August 3, 2012, Friday // 17:24

Bulgarian Shot Putter Fails to Throw His Way into Finals

Bulgaria's shot putter at the Olympic Games Georgi Ivanov did not make it into Friday night's final after qualifying eleventh with a mark of under 20 meters.

Sports » London 2012 | August 3, 2012, Friday // 14:19

Australia's Volleyroos Disappointed after Going Down to Bulgaria

Australia's men's volleyball team, known as the Volleyroos, have admitted their disappointment after a crushing loss to Bulgaria in an Olympic volleyball pool match.

Sports » London 2012 | August 3, 2012, Friday // 11:05

Crime

Bulgarian Border Police Detain Chechen, Turkish Terrorists

Two men wanted by Interpol for terrorism, a Chechen and a Turk, have been arrested by the Bulgarian Border Police.

Crime | August 3, 2012, Friday // 19:36

Health Issues Help Another Top Bulgarian Defendant Flee Abroad

A Bulgarian court has lifted the ban on travels abroad imposed on the notorious former head of the state-owned National Road Infrastructure Fund, who is standing trial for office abuse.

Crime | August 3, 2012, Friday // 14:56

SEEMO: Bulgaria Must Reopen Investigation of Attack on Journalist

The Bulgarian authorities must reopen the investigation into the attack on award-winning investigative journalist Lidia Pavlova from the southwestern town of Dupnitsa, the South and East Europe Media Organization (SEEMO) urged in a statement Friday.

Crime | August 3, 2012, Friday // 14:49

Border Police Detain 14 Afghans Who Entered Bulgaria Illegally

Bulgarian border police have detained a group of Afghanistan nationals who entered the country illegally.

Crime | August 3, 2012, Friday // 14:24

Bulgarian Police Bust Illegal Treasure Hunting Channel

Police officers from the Cultural Valuables Trafficking Unit of the Bulgarian Interior Ministry have busted a channel for the smuggling of historical and cultural valuables.

Crime | August 3, 2012, Friday // 13:43

Katunitsa Murderer Jail Time Upped by 1 Year on Appeal

The Plovdiv Court of Appeals has sentenced Simeon Yosifov, 55, who ran over and killed 19-year-old Angel Petrov from the southern Bulgarian village of Katunitsa, to 18 years of imprisonment.

Crime | August 3, 2012, Friday // 12:35

Bulgaria Seeks EU Assistance in Tracing Terrorist's Calls

The Regional Prosecutor's Office in the Bulgarian Black Sea city of Burgas has asked a number of countries to trace possible cell phone contacts of the suspected terrorist responsible for the bombing attack on an Israeli tour bus.

Crime | August 3, 2012, Friday // 08:18

Views on BG

High-Jump Queen: Bulgaria's Men's Volleyball May Have Shot at Medal

"Every Bulgarian athlete is important to me, we have a delegation of 63 here in London and I am trying to follow everyone that is competing for our country at these Olympics" says Stefka Kostadinova.

Views on BG | August 3, 2012, Friday // 15:18

Foreign Workers in Sweden: Berrypickers, Unite!

THOUSANDS of Thais are arriving in northern Sweden on temporary work visas—to pick berries. Sweden's right of public access gives anybody the right to pick wild berries, even on private land.

Views on BG | August 3, 2012, Friday // 08:48

Quotes

Today's Quote

"I hate terms such as "our state" and "our people".

Quotes | August 3, 2012, Friday // 18:06

World

Syria's Assad Regime Wants to Join Russia, Kazakhstan, Belarus in Customs Union

Syria is planning to join the Customs Union of Russia, Belarus and Kazakhstan soon, Syrian Deputy Prime Minister Kadri Jamil said on Friday.

World | August 3, 2012, Friday // 20:22

Russian Blogger Navalny Barred from 'Pussy Riot' Trial

Court bailiffs have barred Russian opposition figurehead Alexei Navalny from entering the Khamovniki Court in Moscow in order to testify as a witness in the Pussy Riot punk band trial.

World | August 3, 2012, Friday // 19:01

UNESCO Chief Bokova Urges Iraq to Divert Pipeline from Babylon

Irina Bokova, the Bulgarian Director-General of UNESCO, has asked the government of Iraq to divert an oil pipeline that goes under the ruins of Ancient Babylon.

World | August 3, 2012, Friday // 17:53

Obama Keeps Strong Lead ahead of Romney - Poll

US President Barack Obama continues to hold a 10-percentage point lead over Republican challenger Mitt Romney in this year's presidential election contest, the Pew Research Center for the People & the Press said.

World | August 3, 2012, Friday // 15:18

Russian President Putin Urges Leniency for 'Pussy Riot'

President Vladimir Putin spoke out against "judging too harshly" three Pussy Riot band members facing hooliganism charges for a February performance at a Moscow cathedral denouncing President Vladimir Putin and Patriarch Kirill.

World | August 3, 2012, Friday // 11:46

Novinite Insider

Bulgaria's 'Lord of the Rings' and the Silver Olympic Lining

Every four years one event, the Olympic Games, pushes to the background all other news and makes all the headlines.

Novinite Insider » Editorial | August 3, 2012, Friday // 18:44
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria