ARCHIVE - 11 October 2012

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Business

Intelsat Inks Two Bulgarian Deals
Coca Cola Hellenic Quits Greece, Awful News for Economy, Bourse
Bulgaria Aims to Finish Danube Bridge with Romania by End-2012
Bulgaria, Romania Agree to Boost Danube Transport
Bulgaria's Tax on Bank Deposit Income to Fuel Grey Economy - Analyst
Bulgaria Govt: Banks to Collect Tax on Deposits Income
Bulgarian Students Fund Their Current Needs with Advantageous Loan
Ruling Party MP: New Bulgaria State Budget Is Conservative
S&P Downgrades Spain Credit Rating
EC Signals Bid for New 'Industrial Revolution'
First Phase of LEED-Certified Sofia Airport Center Officially Opened
Bulgaria to Take Away License of Infamous Tour Operator
Turkish Operator Rescues Stranded Bulgarian Tourists
Operator Strands Bulgarian Tourists in Turkey

Politics

France Expands List of Jobs Accessible to Romanians, Bulgarians
EU Allocates EUR 19 M for Bulgaria's Food-Deprived
Bulgaria's Revenue Agency to Exchange Data with EU Partnering Authorities
Bulgarian President Hopes for 'Successful' N-Plant Referendum
Ruling Party MP Named New Bulgarian Deputy Parliament Chair
Bulgarian President Endorses Chief Prosecutor for Constitutional Court
Bulgaria's Parliament to Amnesty Illegal Construction Built in 1987-2001

Society

Bulgaria Unites in Support of Quake-Shaken City
Sapropel Fertilizers to Revolutionize Bulgarian Organic Farming
Smoke Billows from 'Tamed' Wildfire Near Bulgarian Capital
Rammstein Confirms 2nd Bulgarian Gig at Sofia Rocks 2013
Bulgarian PM Enjoys Having Photos Taken with De Niro, Travolta

Sports

Denmark Expects Hostile Atmosphere in Sofia

Crime

Bulgaria's Illegal Cigarette Market Shrinks to 15% by Mid-'12

Views on BG

Cheap, and Far from Free: The Migrant Army Building Britain
Bulgaria: Stable but Sluggish

Quotes

Today's Quote

World

Greece Jobless Rate Hits Record High 25%
Chinese Writer Mo Yan Wins Nobel Prize
Turkey's Army on War Alert over Syria - Report
Russia Protests Turkey's Grounding of Syrian Plane
EU Firmly Against Partition of Kosovo
Turkey Lands Syria Passenger Plane from Russia

Novinite Insider

Author Ibrahim Karahasan-Chynar: Turkish Minority Can and Should Have Constructive Place in Bulgarian Society, Politics
A Bulgarian's Budget (Re)Capitulation

Business

Intelsat Inks Two Bulgarian Deals

Intelsat, the global provider of satellite services, announced it has signed two separate contracts with Bulgarian digital-terrestrial TV infrastructure provider NURTS and telco Vivacom.

Business | October 11, 2012, Thursday // 21:15

Coca Cola Hellenic Quits Greece, Awful News for Economy, Bourse

Greece's largest company Coca Cola Hellenic has announced it is about to move its headquarters to Switzerland and list its shares in London.

Business | October 11, 2012, Thursday // 17:08

Bulgaria Aims to Finish Danube Bridge with Romania by End-2012

Bulgaria's Transport Ministry has set a target to complete its second Danube Bridge with Romania by the end of 2012, Transport Minister Ivaylo Moskovski has reiterated.

Business | October 11, 2012, Thursday // 13:16

Bulgaria, Romania Agree to Boost Danube Transport

Bulgaria and Romania have signed a bilateral memorandum to stimulate cross-border traffic on the section of the river Danube that forms part of their border.

Business | October 11, 2012, Thursday // 11:46

Bulgaria's Tax on Bank Deposit Income to Fuel Grey Economy - Analyst

A prominent Bulgarian economist has slammed the government's decision to introduce a 10% tax on bank deposit income, saying it will only discourage honest taxpayers.

Business » Finance | October 11, 2012, Thursday // 19:52

Bulgaria Govt: Banks to Collect Tax on Deposits Income

Banks in Bulgaria will automatically collect the tax on people's income on their bank deposits through new software, the government has decided.

Business » Finance | October 11, 2012, Thursday // 16:13

Bulgarian Students Fund Their Current Needs with Advantageous Loan

Low interest rate and grace period of 4 years in favor of the students offers Societe Generale Expressbank

Business » Finance | October 11, 2012, Thursday // 14:57

Ruling Party MP: New Bulgaria State Budget Is Conservative

Bulgaria's draft state budget for 2013 is rather conservative, rather than upping spending pre-election, according to ruling center-right GERB party PM Menda Stoyanova.

Business » Finance | October 11, 2012, Thursday // 09:34

S&P Downgrades Spain Credit Rating

Credit rating agency Standart & Poor's downgraded Spain's rating from BBB+ to BBB- with a negative outlook.

Business » Finance | October 11, 2012, Thursday // 08:13

EC Signals Bid for New 'Industrial Revolution'

European Commission Vice-President Antonio Tajani revealed plans for a re-industrialization and moving away from financial and other services across the EU.

Business » Industry | October 11, 2012, Thursday // 13:55

First Phase of LEED-Certified Sofia Airport Center Officially Opened

Sofia Airport Center which was officially opened on Thursday is Bulgaria's first Leadership in Energy and Environmental Design (LEED) commercial development.

Business » Properties | October 11, 2012, Thursday // 13:13

Bulgaria to Take Away License of Infamous Tour Operator

Bulgaria's Ministry of Economy, Energy and Tourism has launched proceedings to take away the license of the On Travel tour operator.

Business » Tourism | October 11, 2012, Thursday // 16:52

Turkish Operator Rescues Stranded Bulgarian Tourists

The Turkish parnter of the Bulgarian tour operator that left 38 Bulgarian tourists stranded in Turkey announced it will pay for their stay so that they are not evicted from their hotel.

Business » Tourism | October 11, 2012, Thursday // 15:09

Operator Strands Bulgarian Tourists in Turkey

Some 40 tourists from Bulgaria have found themselves in a limbo in Turkey, after their tour operator failed to pay the hotels they are staying at.

Business » Tourism | October 11, 2012, Thursday // 10:24

Politics

France Expands List of Jobs Accessible to Romanians, Bulgarians

France will ease access to its labor market for Bulgarians and Romanians, dropping restrictions for a total of 291 jobs (up from the current 150) in sectors where employers find it hard to recruit staff.

Politics » Bulgaria in EU | October 11, 2012, Thursday // 15:37

EU Allocates EUR 19 M for Bulgaria's Food-Deprived

The EU has allocated a total of EUR 19 M for Bulgaria under the 2013 Food for the Most Deprived program.

Politics » Bulgaria in EU | October 11, 2012, Thursday // 14:45

Bulgaria's Revenue Agency to Exchange Data with EU Partnering Authorities

Bulgaria's Parliament has adopted amendments enabling the exchange of information on tax matters between the National Revenue Agency (NRA) and its partnering services in the other EU Member States.

Politics » Bulgaria in EU | October 11, 2012, Thursday // 12:56

Bulgarian President Hopes for 'Successful' N-Plant Referendum

Bulgarian President Rosen Plevneliev has reiterated his hope that the upcoming referendum on the fate of the Belene Nuclear Power Plant project will be "successfully organized.

Politics » Domestic | October 11, 2012, Thursday // 17:50

Ruling Party MP Named New Bulgarian Deputy Parliament Chair

Bulgaria's ruling centrist-right GERB has nominated one of its lawmakers, Menda Stoyanova, for Deputy Chair of the Parliament.

Politics » Domestic | October 11, 2012, Thursday // 16:10

Bulgarian President Endorses Chief Prosecutor for Constitutional Court

Bulgarian President Rosen Plevneliev from the ruling centrist-right GERB has nominated the country's outgoing Chief Prosecutor Boris Velchev to sit in the Constitutional Court.

Politics » Domestic | October 11, 2012, Thursday // 13:54

Bulgaria's Parliament to Amnesty Illegal Construction Built in 1987-2001

Bulgaria's Parliament is to consider at second reading amendments to the Spatial Planning Act envisaging an amnesty for illegal construction completed in the period 1987-2001.

Politics » Domestic | October 11, 2012, Thursday // 12:15

Society

Bulgaria Unites in Support of Quake-Shaken City

The Bulgarian Red Cross has declared October 11 a national day of support for the city of Pernik that was affected by a strong earthquake in May 2012.

Society | October 11, 2012, Thursday // 11:53

Sapropel Fertilizers to Revolutionize Bulgarian Organic Farming

Bulgarian researchers have developed a plan for the extraction and application of fertilizers from organic matter rich marine sediments (sapropels), saying that the step could bring about a significant change in domestic organic farming.

Society » Environment | October 11, 2012, Thursday // 14:31

Smoke Billows from 'Tamed' Wildfire Near Bulgarian Capital

A tall column of smoke is clearly visible Thursday morning on Vitosha Mountain from Bulgarian capital Sofia, which lies on the mountain's outskirts.

Society » Environment | October 11, 2012, Thursday // 10:55

Rammstein Confirms 2nd Bulgarian Gig at Sofia Rocks 2013

German band Rammstein has confirmed their second concert in Bulgaria's capital Sofia, due in 2013.

Society » Culture | October 11, 2012, Thursday // 17:57

Bulgarian PM Enjoys Having Photos Taken with De Niro, Travolta

Bulgarian Prime Minister Boyko Borisov and Culture Minister Vezhdi Rashidov were lucky to have photos taken with Hollywood stars Robert De Niro and John Travolta, as the four had a "working dinner" in Sofia.

Society » Culture | October 11, 2012, Thursday // 15:35

Sports

Denmark Expects Hostile Atmosphere in Sofia

Denmark's national football team should brace for a quite hostile atmosphere during Friday's World Cup qualifiying clash against Bulgaria in Sofia, according to former Denmark striker Ebbe Sand.

Sports | October 11, 2012, Thursday // 12:33

Crime

Bulgaria's Illegal Cigarette Market Shrinks to 15% by Mid-'12

Sales of illegal cigarettes in Bulgaria are estimated at 15.3% of the market by mid-2012, according to a survey conducted by an independent market research agency at the request of tobacco companies.

Crime | October 11, 2012, Thursday // 17:51

Views on BG

Cheap, and Far from Free: The Migrant Army Building Britain

Revealed: how job restrictions have left Romanian and Bulgarian construction workers underpaid and vulnerable to exploitation.

Views on BG | October 11, 2012, Thursday // 19:57

Bulgaria: Stable but Sluggish

South-east Europe has its fair share of economic disaster zones, but Bulgaria, according to the IMF, is not one of them. However, stability alone is not enough for the EU's poorest member state.

Views on BG | October 11, 2012, Thursday // 18:22

Quotes

Today's Quote

"The people working in the grey economy deal only with cash.

Quotes | October 11, 2012, Thursday // 21:48

World

Greece Jobless Rate Hits Record High 25%

Unemployment in Greece hit a record 25.1% in July, with the level among young people reaching 54.2%, according to the latest official figures.

World | October 11, 2012, Thursday // 18:42

Chinese Writer Mo Yan Wins Nobel Prize

Chinese writer Mo Yan, often described as a magic-realist, won the Nobel Prize in literature Thursday.

World | October 11, 2012, Thursday // 15:09

Turkey's Army on War Alert over Syria - Report

Turkey's armed forces have been put in a state of high alert over increased tensions along the border with Syria, according to anonymous NATO sources.

World | October 11, 2012, Thursday // 14:40

Russia Protests Turkey's Grounding of Syrian Plane

Russia has strongly objected to the forceful landing by Turkey of a Syrian passenger airplane as endangering the lives of passengers, including Russian citizens.

World | October 11, 2012, Thursday // 12:30

EU Firmly Against Partition of Kosovo

European Enlargement Commissioner Stefan Fuele has declared that Kosovo's borders will not be changed.

World | October 11, 2012, Thursday // 11:20

Turkey Lands Syria Passenger Plane from Russia

Turkey's Air Force has forcefully made a Syrian passenger plane from Moscow to Damascus land in Ankara.

World | October 11, 2012, Thursday // 08:51

Novinite Insider

Author Ibrahim Karahasan-Chynar: Turkish Minority Can and Should Have Constructive Place in Bulgarian Society, Politics

Neighboring Turkey has always caused fierce debates in Bulgaria on the 500 years of Ottoman rule, on the interpretation of historical facts, on the Communist regime's Revival Process to change the names of Bulgarian Muslims with Christian ones, on the exi

Novinite Insider » Interview | October 11, 2012, Thursday // 15:24

A Bulgarian's Budget (Re)Capitulation

Bulgaria's Cabinet has adopted the 2013 Budget projecting a 0.2 pp GDP growth increase(!).

Novinite Insider » Opinions | October 11, 2012, Thursday // 20:13
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