ARCHIVE - 4 December 2014

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Business

Bulgarian Tobacco Growers Predict 10% Price Decrease in 2014
Bulgarian MPs Reject Motion to Hike Interest Income Tax
Angry Depositors Queue Up at KTB Headquarters over Flawed Asset Repayment
Repayment of KTB Deposits Begins Thursday
Bulgaria’s PM Demands Conclusive Yes/No on South Stream from EU Commission
Russian Energy Minister: Decision to Drop South Stream Is Final
South Stream Profit for Bulgaria Estimated at EUR 54 M a year - Caretaker Minister
Bulgarian Watchdog Mulls Ceiling on Prices Paid to Power Generators
Putin Tells Erdogan He Is 'Fed Up with Bulgarians'
Energy Committee Chair Urges Concession Contracts for Silistar, Teres Exploration Blocks
Bulgaria 'Could Swell with Anger' over South Stream - Russian MP

Politics

Martin Schulz: Meeting Criteria Crucial for Bulgaria’s Schengen Bid
Donald Tusk: Bulgaria Well-Prepared to Join Schengen Zone
EU Unfreezes Bulgaria's Blocked Funds for Regional Development
Juncker: European Commission Will Tolerate No Blackmail over South Stream
PM Borisov Says Bulgaria Not a Bargaining Chip in Politics, EU Should Support It
Bulgaria PM to Meet EU Commission President in Brussels
Borisov Cabinet to Lose Support Only If Negative Decisions Accumulate - ABV Leader
Kapitan Andreevo Border Crossing Point Closed due to Flooding
Bulgaria’s Chief Prosecutor, Deputy to Present Judicial Reform Plans in Brussels

Society

US Gov't Invests USD 700 000 to Preserve St John Aliturgetos Church in Nessebar

Crime

Radical Islam Suspects to Remain Under Arrest, Bulgarian Court of Appeal Says

Views on BG

The Economist: Russia’s U-turn on South Stream 'Taught Its Friends a Lesson'
South Stream Is Evidence Bulgaria Is Not Reliable Partner - Russian Official

World

OSCE Council of Foreign Ministers Meets in Switzerland
US Reports of Supposed IS Training Camps in Libya
Vladimir Putin: Russia Should Become Competitive, Self-Reliant
Grozny Clashes 'Leave Up to 10 Dead'
Putin to Address Russian Parliament in Annual Speech

Novinite Insider

Iliyan Vassilev: Russia Dropped South Stream for Economic Reasons

Business

Bulgarian Tobacco Growers Predict 10% Price Decrease in 2014

The buying-in price of tobacco in 2014 will be 10% lower than last year’s, according to Tsvetan Filev, Chair of the National Tobacco Growers Association (NAT – 2010).

Business | December 4, 2014, Thursday // 14:13

Bulgarian MPs Reject Motion to Hike Interest Income Tax

Bulgaria’s Parliament on Thursday turned down a proposal to increase tax on interest earned from bank deposits to 10% from the current 8% from 2015.

Business » Finance | December 4, 2014, Thursday // 15:57

Angry Depositors Queue Up at KTB Headquarters over Flawed Asset Repayment

Tens of people have gathered in front of the Corporate Commercial Bank (KTB) headquarters in Sofia waiting for officials from the bank to help them overcome the difficulties they have withdrawing their money.

Business » Finance | December 4, 2014, Thursday // 12:57

Repayment of KTB Deposits Begins Thursday

Repayment of deposits at Corporate Commercial Bank (KTB) is set to begin on Thursday, December 4, at nine banks previously announced by the Deposit Insurance Fund (DIF).

Business » Finance | December 4, 2014, Thursday // 07:44

Bulgaria’s PM Demands Conclusive Yes/No on South Stream from EU Commission

Bulgarian Prime Minister Boyko Borisov has suggested that he expects a clear answer from the European Commission as regards the future of the South Stream gas pipeline projects.

Business » Energy | December 4, 2014, Thursday // 13:48

Russian Energy Minister: Decision to Drop South Stream Is Final

Russian Energy Minister Alexander Novak has said that the decision to stop the construction of the South Stream gas pipeline is final.

Business » Energy | December 4, 2014, Thursday // 13:05

South Stream Profit for Bulgaria Estimated at EUR 54 M a year - Caretaker Minister

Bulgaria’s caretaker Energy Minister Vasil Shtonov has argued that the South Stream gas pipeline would have fetched meager profits from transit fees.

Business » Energy | December 4, 2014, Thursday // 12:50

Bulgarian Watchdog Mulls Ceiling on Prices Paid to Power Generators

Bulgaria’s State Commission for Energy and Water Regulation (DKEVR) proposes introducing a ceiling on prices paid to power generators.

Business » Energy | December 4, 2014, Thursday // 11:55

Putin Tells Erdogan He Is 'Fed Up with Bulgarians'

"I am fed up with Bulgarians. Having the West and the European Union and their back, they are challenging and opposing us," Russian President Vladimir Putin reportedly told his Turkish counterpart.

Business » Energy | December 4, 2014, Thursday // 10:51

Energy Committee Chair Urges Concession Contracts for Silistar, Teres Exploration Blocks

Valentin Nikolov, Deputy Chair of the parliamentary energy committee, has recommended signing concession contracts for exploration blocks Silistar and Teres.

Business » Energy | December 4, 2014, Thursday // 10:47

Bulgaria 'Could Swell with Anger' over South Stream - Russian MP

"Bulgaria could swell with anger" a Russian MP wrote on Twitter to comment on the South Stream project's demise.

Business » Energy | December 4, 2014, Thursday // 09:37

Politics

Martin Schulz: Meeting Criteria Crucial for Bulgaria’s Schengen Bid

Admitting Bulgaria into the EU’s borderless Schengen zone is a legal problem rather than a political one, according to European Parliament President Martin Schulz.

Politics » Bulgaria in EU | December 4, 2014, Thursday // 22:22

Donald Tusk: Bulgaria Well-Prepared to Join Schengen Zone

Bulgaria’s is well prepared to join the EU’s visa-free Schengen zone, European Council President Donald Tusk opined on Thursday.

Politics » Bulgaria in EU | December 4, 2014, Thursday // 21:26

EU Unfreezes Bulgaria's Blocked Funds for Regional Development

The European Commission is unfreezing the EU funds under Operational Programme Regional Development, that were suspended for Bulgaria in the middle of the year.

Politics » Bulgaria in EU | December 4, 2014, Thursday // 16:10

Juncker: European Commission Will Tolerate No Blackmail over South Stream

Jean-Claude Juncker, President of the European Commission, has assured Bulgarian Prime Minister Boyko Borisov of the EU’s support for the country.

Politics » Bulgaria in EU | December 4, 2014, Thursday // 14:36

PM Borisov Says Bulgaria Not a Bargaining Chip in Politics, EU Should Support It

Bulgaria will not allow to be used as a coin in relations between Russia and the West, the country's Prime Minister Boyko Borisov said in Brussels on Wednesday evening.

Politics » Bulgaria in EU | December 4, 2014, Thursday // 10:06

Bulgaria PM to Meet EU Commission President in Brussels

Bulgarian Prime Minister Boyko Borisov is on a visit to Brussels to hold talks with the heads of the European Commission, European Council and European Parliament.

Politics » Bulgaria in EU | December 4, 2014, Thursday // 08:29

Borisov Cabinet to Lose Support Only If Negative Decisions Accumulate - ABV Leader

Left-wing ABV will withdraw its support for the coalition government of Prime Minister Boyko Borisov only if it allows for the accumulation of negative decisions and discrepancies with the programme declaration that had been signed by the parties supporti

Politics » Domestic | December 4, 2014, Thursday // 15:08

Kapitan Andreevo Border Crossing Point Closed due to Flooding

The Kapitan Andreevo border crossing point has been closed since 11 pm on Wednesday due to flooding.

Politics » Domestic | December 4, 2014, Thursday // 10:06

Bulgaria’s Chief Prosecutor, Deputy to Present Judicial Reform Plans in Brussels

Chief Prosecutor Sotir Tsatsarov and his deputy Penka Bogdanova will arrive in Brussels Thursday on a one-day official visit to meet with the European Commissioner for Justice, Consumers and Gender Equality V?ra Jourov?.

Politics » Domestic | December 4, 2014, Thursday // 09:53

Society

US Gov't Invests USD 700 000 to Preserve St John Aliturgetos Church in Nessebar

US State Department is providing USD 700 000 to preserve and conserve a 14th Century medieval church, Saint John Aliguretos, in the ancient city of Nesebar, the US Embassy has announced.

Society » Culture | December 4, 2014, Thursday // 12:24

Crime

Radical Islam Suspects to Remain Under Arrest, Bulgarian Court of Appeal Says

The Plovdiv Court of Appeal on Thursday upheld the decision of the Pazardzhik District Court to keep under arrest seven Bulgarian nationals accused of preaching radical Islam as there was risk they might commit further crimes.

Crime | December 4, 2014, Thursday // 17:50

Views on BG

The Economist: Russia’s U-turn on South Stream 'Taught Its Friends a Lesson'

Falling oil prices and Western pressure have forced Russia to cancel South Stream, according to an article published in the online edition of The Economist.

Views on BG | December 4, 2014, Thursday // 20:33

South Stream Is Evidence Bulgaria Is Not Reliable Partner - Russian Official

Bulgaria lacks coherence if one judges by its attitude to various energy projects, Russia's permanent envoy to the EU, Vladimir Chizhov, has claimed.

Views on BG | December 4, 2014, Thursday // 07:36

World

OSCE Council of Foreign Ministers Meets in Switzerland

The annual Ministerial Council of the Organization for Security and Co-operation in Europe (OSCE) takes place on 4 and 5 December in the Swiss city of Basel.

World | December 4, 2014, Thursday // 13:41

US Reports of Supposed IS Training Camps in Libya

The Head of the US Africa Command General David Rodriguez reported on Wednesday that Islamic State (IS) has set up training camps in eastern Libya.

World | December 4, 2014, Thursday // 12:04

Vladimir Putin: Russia Should Become Competitive, Self-Reliant

Russian President Vladimir Putin has delivered his annual address to the country's Parliament calling for measures to get the economy back on its feet.

World » Russia | December 4, 2014, Thursday // 12:39

Grozny Clashes 'Leave Up to 10 Dead'

Up to ten police officers could have been killed in a shootout following a special operation against militants in the Chechen capital Grozny, media reports suggest.

World » Russia | December 4, 2014, Thursday // 10:39

Putin to Address Russian Parliament in Annual Speech

Russian President Vladimir Putin is due to address both chambers of the country's legislative body, the Federation Council and the State Duma.

World » Russia | December 4, 2014, Thursday // 09:27

Novinite Insider

Iliyan Vassilev: Russia Dropped South Stream for Economic Reasons

The decision to abandon South Stream was prompted by Russia’s current economic difficulties as well as desire to focus investment on joint energy projects with China, Bulgaria's former ambassador in Moscow Iliyan Vassilev has said.

Novinite Insider » Opinions | December 4, 2014, Thursday // 17:23
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