ARCHIVE - 24 October 2014

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Business

Car Tolls at Danube Bridge 2 May Drop by 50%
Clocks Set To Astronomical Time On Sunday
US Software Company To Acquire Bulgaria's Telerik For USD 265.5 M
Merger of Revenue, Customs Agency Not on Agenda of Caretaker Govt
Bulgaria's Central Bank Holds Meeting on KTB Recovery
Bulgaria's Ombudsman Predicts 'Avalanche Of Lawsuits' Regarding KTB
Bulgaria’s End-August Gross Foreign Debt Rises 2.2% Y/Y
Gazprom Directors' Board to Discuss Issues of South Stream Bulgaria
Economy Ministry Working to Ensure Varna TPP Will Remain Open
Bulgaria Determined to Keep Varna TPP Functioning – Deputy Minister
Bulgaria's Dwelling Prices Record Slight Decrease in Q3 2014

Politics

Kosovo President Receives Bulgaria's Ambassador for Farewell Visit
Bulgaria Asked to Give EUR 7 M More for EU's 2015 Budget
Bulgaria Applies for Flood Damage Aid from EUSF
President Plevleniev: Bulgaria Can Meet EU's Renewables Target
Plovdiv Mayor Signs Contract for BGN 30 M Loan from EBRD
GERB Meets BSP Friday in Second Round of Coalition Talks

Society

Construction of Sofia's 3rd Metro Line Could Be Delayed Over Appeals
Over 15 000 People Not Let Into Bulgaria in 2014
Over 100 People Residing in Bulgaria Illegally Arrested in Special Operation
Antoaneta Vasileva Questioned In Money Laundering Investigation
Bulgarian Red Cross Warns of New Refugee Wave
Bulgaria's Osam, Vit Rivers Water Levels Increasing Due to Heavy Rains

Crime

Automobile Administration Agency Officials from Pleven Charged with Abuse of Office
Municipal Officials in Brezovo Charged over Pension Fund Fraud Scheme
Bulgarian Hacker Gets 30-Month Jail Term in US

Smiles

Unorthodox Arithmetic

Quotes

Today's Quote
Today's Quote

World

Sweden Ends Search for Suspected Submarine
Doctor Back from Africa Tests Positive for Ebola at New York Hospital
Hungary Mulls Unprecedented Internet Tax
European Union to Boost Ebola Research with EUR 24.4M

Business

Car Tolls at Danube Bridge 2 May Drop by 50%

Hristo Monev, Deputy Chair of the Supervisory Board of Danube Bridge 2 Vidin – Calafat AD, has suggested that the car tolls could be reduced by 50%.

Business | October 24, 2014, Friday // 15:57

Clocks Set To Astronomical Time On Sunday

At 4 AM on Sunday the clocks will be set one hour back, reminds the Meteorological Institute of the Bulgarian Academy of Sciences.

Business | October 24, 2014, Friday // 15:41

US Software Company To Acquire Bulgaria's Telerik For USD 265.5 M

The US Progress Software Corporation announced it has entered into a definitive agreement to acquire Bulgaria's leading software developing company Telerik AD for USD 262.

Business | October 24, 2014, Friday // 13:04

Merger of Revenue, Customs Agency Not on Agenda of Caretaker Govt

Bulgaria’s Finance Ministry has assured that it is not developing a framework or project for the merger of the National Revenue Agency (NRA) and the Customs Agency.

Business » Finance | October 24, 2014, Friday // 18:17

Bulgaria's Central Bank Holds Meeting on KTB Recovery

Bulgarian National Bank (BNB) met on Friday representatives of Vienna-based fund EPIC, Oman's state fund and London-based Gemcorp, the central bank said in a statement.

Business » Finance | October 24, 2014, Friday // 17:46

Bulgaria's Ombudsman Predicts 'Avalanche Of Lawsuits' Regarding KTB

Bulgaria's courts will be flooded by “an avalanche of lawsuits” with connection to the Corporate Commercial Bank (KTB), Bulgaria's Ombudsman Konstantin Penchev told the BNR public broadcaster.

Business » Finance | October 24, 2014, Friday // 15:18

Bulgaria’s End-August Gross Foreign Debt Rises 2.2% Y/Y

Bulgaria’s gross foreign debt totalled EUR 38.2B as of end-August, increasing 2.2% from a year earlier and 2.3% higher compared with end-2013, the central bank has said.

Business » Finance | October 24, 2014, Friday // 12:56

Gazprom Directors' Board to Discuss Issues of South Stream Bulgaria

Gazprom executives are to meet November 5 to consider the approval of certain transactions with the assets of South Stream Bulgaria, the Russian energy giant announced.

Business » Energy | October 24, 2014, Friday // 21:22

Economy Ministry Working to Ensure Varna TPP Will Remain Open

Bulgaria's Ministry of Economy is seeking to ensure the Varna Thermal Power Ptation will remain operational despite not having complied with European norms, the institution said in a statement.

Business » Energy | October 24, 2014, Friday // 19:50

Bulgaria Determined to Keep Varna TPP Functioning – Deputy Minister

Bulgaria is determined to rescue the Varna thermal power plant, according to Anton Pavlov, Deputy Minister of Economy.

Business » Energy | October 24, 2014, Friday // 14:00

Bulgaria's Dwelling Prices Record Slight Decrease in Q3 2014

The market price index of dwellings for Q3 2014 compared to Q2 2014 was 99.9%, i.e. the average decrease of the market prices of dwellings was 0.1%, according to Bulgaria's Statistical Institute.

Business » Properties | October 24, 2014, Friday // 13:21

Politics

Kosovo President Receives Bulgaria's Ambassador for Farewell Visit

Kosovo's head of state Atifete Jahjaga has received Bobi Bovev, the Bulgarian Ambassador, to mark the end of his mandate.

Politics » Diplomacy | October 24, 2014, Friday // 20:08

Bulgaria Asked to Give EUR 7 M More for EU's 2015 Budget

Sofia should transfer an additional EUR 7 M installment to EU's budget, the EU Commission announced Friday.

Politics » Bulgaria in EU | October 24, 2014, Friday // 19:31

Bulgaria Applies for Flood Damage Aid from EUSF

Bulgaria has applied for assistance under the European Union Solidarity Fund (EUSF) for coping with the flood damage in the northwestern regions of Vidin and Vratsa.

Politics » Bulgaria in EU | October 24, 2014, Friday // 17:22

President Plevleniev: Bulgaria Can Meet EU's Renewables Target

The EU's aim to curtail carbon emissions by 40 percent and boost green energy's share in the mix by 27 percent, adopted Friday, can also be accomplished by Bulgaria, President Rosen Plevneliev said.

Politics » Bulgaria in EU | October 24, 2014, Friday // 17:18

Plovdiv Mayor Signs Contract for BGN 30 M Loan from EBRD

Ivan Totev, Mayor of the Plovdiv Municipality, has signed a contract with the European Bank for Reconstruction and Development (EBRD) for a loan of around BGN 30 M.

Politics » Domestic | October 24, 2014, Friday // 16:37

GERB Meets BSP Friday in Second Round of Coalition Talks

GERB will complete the second round of consultations over potential formation of a government coalition with talks with Socialists on Friday.

Politics » Domestic | October 24, 2014, Friday // 08:27

Society

Construction of Sofia's 3rd Metro Line Could Be Delayed Over Appeals

The construction of the third metro line in Bulgaria's Sofia may be delayed over appeals lodged against a decision of the Environmental Impact Assessment (EIA), Sofia chief architect Petar Dikov said.

Society | October 24, 2014, Friday // 17:54

Over 15 000 People Not Let Into Bulgaria in 2014

A total of 15 126 people were not allowed to cross the Bulgarian-Turkish border since the beginning of 2014, Interior Ministry Chief Secretary Svetlozar Lazarov told journalists at a joint press conference with caretaker Interior Minister Yordan Bakalov.

Society | October 24, 2014, Friday // 16:50

Over 100 People Residing in Bulgaria Illegally Arrested in Special Operation

A special police operation against persons residing in Bulgaria without authorisation is underway on the territory of the country.

Society | October 24, 2014, Friday // 14:40

Antoaneta Vasileva Questioned In Money Laundering Investigation

Antoaneta Vasileva, wife of Tsvetan Vasilev – majority owner of troubled Corporate Commercial Bank (KTB) was questioned in the Sofia Investigation Service in connection to a money laundering investigation, reports Dnevnik.

Society | October 24, 2014, Friday // 14:05

Bulgarian Red Cross Warns of New Refugee Wave

Bulgarian Red Cross expects a refugee wave, and is properly preparing to face it, Hristo Grigorov, head of the organization said, Friday, Darik news reports.

Society | October 24, 2014, Friday // 12:41

Bulgaria's Osam, Vit Rivers Water Levels Increasing Due to Heavy Rains

The water level of the river Osam in the north-central Bulgarian city of Lovech has increased by 1 meter in the last day after the pouring rains that hit the region.

Society » Environment | October 24, 2014, Friday // 16:20

Crime

Automobile Administration Agency Officials from Pleven Charged with Abuse of Office

Nikolay Nikolov, and Georgi Matsin, director and deputy director of a regional unit of Bulgaria's Automobile Administration Executive Agency (AAEA), have been charged with abuse of office.

Crime | October 24, 2014, Friday // 19:43

Municipal Officials in Brezovo Charged over Pension Fund Fraud Scheme

The Plovdiv District Prosecutor’s Office has pressed charges against the Mayor and Deputy Mayor of the Brezovo Municipality, the Municipal Secretary, and a banking official in a case concerning numerous flawed attestations by a notary.

Crime | October 24, 2014, Friday // 19:14

Bulgarian Hacker Gets 30-Month Jail Term in US

A Bulgarian national was sentenced to 30 months in jail in the US on Thursday for participation in Shadowcrew, a virtual online marketplace for malicious hacking and identity theft.

Crime | October 24, 2014, Friday // 10:31

Smiles

Unorthodox Arithmetic

How many gorillas does it take to change a light bulb? - Just one, but it takes a lot of light bulbs.

Smiles | October 24, 2014, Friday // 16:47

Quotes

Today's Quote

"The EU is like a thirsty vampire feasting on UK taxpayers' blood.

Quotes | October 24, 2014, Friday // 16:12

Today's Quote

“This is not a war, but rather a battle between the facebook generation and the typewriter generation.

Quotes | October 24, 2014, Friday // 16:08

World

Sweden Ends Search for Suspected Submarine

Sweden on Friday called off its search for a suspected foreign submarine in the sea south of Stockholm.

World | October 24, 2014, Friday // 11:49

Doctor Back from Africa Tests Positive for Ebola at New York Hospital

A doctor who had worked in West Africa has tested positive for Ebola at New York City hospital on 23 October.

World | October 24, 2014, Friday // 07:44

Hungary Mulls Unprecedented Internet Tax

Hungary could become the world's first country to levy usage of the Internet after its Economy Minister Mih?ly Varga proposed the move on Wednesday.

World » EU | October 24, 2014, Friday // 16:28

European Union to Boost Ebola Research with EUR 24.4M

The European Commission has announced EUR 24.4M from the EU budget for urgently needed Ebola research.

World » EU | October 24, 2014, Friday // 14:39
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