ARCHIVE - 8 April 2015

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Business

Three Bulgarian Audit Officials Face Criminal Charges over KTB’s Collapse  
Bulgaria Bans Ammo Imports, Transport for Utilisation Purposes
Korado Bulgaria Invests BGN 4 M in New Radiator Production Line
Untimely Market Liberalization To Blame for Privatization Problems of Bulgaria’s Railways Freight Co
Bulgaria’s Finance Ministry Boasts about Success of Newly Issued Bonds on Secondary Market
Bulgaria Electricity Company to Save BGN 1 B after Amending Contracts with US-Owned TPPs
Bulgaria Opposition Blames PM for Not Attending Budapest Energy Talks
Bulgaria’s Electricity Company, US-Owned TPPs to Approve Changes to Long-Term Contracts

Politics

EU Analyzing Bulgaria's Objection to Greek Withholding Tax
Bulgaria Adopts Five-Year Plan to Fight Graft
Bulgaria’s Govt Increases Interior Ministry Staff by 700 People
Oleg Petkov Appointed Deputy Chair of Bulgaria’s National Security Agency
Border Police Officers Stage Protest

Society

Weather: Cloudy and Chilly in April
Bulgaria's Pirin Voted Among Best National Parks in Europe
Worker Dies During Demolition Works at Bulgarian Black Sea Resort
Labor Inspections Underway after Death of Miner in Manganese Mine in NE Bulgaria

Views on BG

Is Bulgaria a 16th Republic or a 51st State?

World

Dzhokhar Tsarnaev Found Guilty of Bombing Boston Marathon  
Greek PM Alexis Tsipras Visits Moscow to Talk Politics
Greek Defense Minister Warns of GREXIT Severe Consequences
Tsipras Sought No Financial Aid from Moscow, Putin Says
Russian Gov't Might Lift Ban on Food Imports from EU
Bulgarian Economy Could Suffer EUR 800 M Losses Over Greek Tax Policies

Novinite Insider

Gilles Clavie: We Need to Go Further and Strengthen Sofia's Visibility Abroad

Letters to the Editor

Bulgaria: Change Is Needed, Has Been Needed... But Will It Happen?

Business

Three Bulgarian Audit Officials Face Criminal Charges over KTB’s Collapse  

Bulgarian prosecutors on Wednesday brought criminal charges against three officials who had conducted audits of Corporate Commercial Bank from January 2009 until the bank’s collapse in June 2014.

Business | April 8, 2015, Wednesday // 20:02

Bulgaria Bans Ammo Imports, Transport for Utilisation Purposes

Bulgaria has banned imports and transportation of ammunition with the purpose of utilization and disposal on its territory following several incidents in recent years that have claimed human lives.

Business | April 8, 2015, Wednesday // 16:42

Korado Bulgaria Invests BGN 4 M in New Radiator Production Line

Czech company Korado Group will invest BGN 4 M in a new production line which will expand the product range of Korado Bulgaria AD.

Business | April 8, 2015, Wednesday // 15:06

Untimely Market Liberalization To Blame for Privatization Problems of Bulgaria’s Railways Freight Co

The liberalization of the cargo transport market in Bulgaria happened at an inopportune time and obstructed the privatization of the freight unit of the Bulgarian State Railways (BDZ) company, according to Transport Minister Ivaylo Moskovski.

Business | April 8, 2015, Wednesday // 10:45

Bulgaria’s Finance Ministry Boasts about Success of Newly Issued Bonds on Secondary Market

The three bonds newly issued under Bulgaria’s Global medium-term programme have performed extremely well on the secondary market.

Business » Finance | April 8, 2015, Wednesday // 14:00

Bulgaria Electricity Company to Save BGN 1 B after Amending Contracts with US-Owned TPPs

Bulgaria’s National Electricity Company (NEK) has signed agreements with US-owned thermal power plants AES Maritza East 1 and ContourGlobal Maritsa East 3 TPP under which it will pay BGN 1 B less to the TPPs over the next 10 years.

Business » Energy | April 8, 2015, Wednesday // 13:24

Bulgaria Opposition Blames PM for Not Attending Budapest Energy Talks

Bulgaria's Prime Minister should explain why no government official was present at the energy meeting held by ministers of Eastern European countries, the opposition believes.

Business » Energy | April 8, 2015, Wednesday // 13:12

Bulgaria’s Electricity Company, US-Owned TPPs to Approve Changes to Long-Term Contracts

Bulgaria’s National Electric Company (NEK) and the two US-owned thermal power plants AES Maritza East 1 and ContourGlobal Maritsa East 3 TPP are to sign agreements Wednesday on amending the existing long-term contracts.

Business » Energy | April 8, 2015, Wednesday // 09:06

Politics

EU Analyzing Bulgaria's Objection to Greek Withholding Tax

The European Commission will take the necessary measures to ensure compliance of Greece's tax legislation amendments with EU law, a spokesman for the EU Commission has said.

Politics » Bulgaria in EU | April 8, 2015, Wednesday // 14:27

Bulgaria Adopts Five-Year Plan to Fight Graft

Fighting top-level graft will be key priority in the period 2015-2020, according to a anti-corruption strategy blueprint adopted by Bulgaria’s government on Wednesday.

Politics » Domestic | April 8, 2015, Wednesday // 18:15

Bulgaria’s Govt Increases Interior Ministry Staff by 700 People

Bulgaria’s government has adopted a decision to increase the staff of the Interior Ministry to 50 200 from a rate of 49 500.

Politics » Domestic | April 8, 2015, Wednesday // 15:56

Oleg Petkov Appointed Deputy Chair of Bulgaria’s National Security Agency

Bulgaria’s government has appointed Oleg Petkov Deputy Chair of the State Agency for National Security (DANS).

Politics » Domestic | April 8, 2015, Wednesday // 15:28

Border Police Officers Stage Protest

Border police officers in Elhovo will be protesting on Wednesday on 12 pm members of the Syndicate of the Interior Ministry Employees will express their dissatisfaction with the policies of the Regional Directorate Border Police.

Politics » Domestic | April 8, 2015, Wednesday // 10:57

Society

Weather: Cloudy and Chilly in April

Cloudiness over Bulgaria will remain significant and there will be several regions across the country that will experience light rain and snow.

Society » Environment | April 8, 2015, Wednesday // 07:55

Bulgaria's Pirin Voted Among Best National Parks in Europe

Bulgaria's national park Pirin made it in the top ten reader's choice list of fascinating destinations in a prestigious British news publication.

Society » Culture | April 8, 2015, Wednesday // 12:34

Worker Dies During Demolition Works at Bulgarian Black Sea Resort

A man has died when an old hotel building collapsed during demolition works at Saints Konstantin and Elena resort on Bulgaria's Black Sea coast, Nova TV reported.

Society » Incidents | April 8, 2015, Wednesday // 20:24

Labor Inspections Underway after Death of Miner in Manganese Mine in NE Bulgaria

Labor inspections are underway at the Obrochishte manganese mine in northeast Bulgaria, where a 39-year-old worker died on Tuesday in a rockfall.

Society » Incidents | April 8, 2015, Wednesday // 12:11

Views on BG

Is Bulgaria a 16th Republic or a 51st State?

"Bulgaria is now an unhappy country.

Views on BG | April 8, 2015, Wednesday // 10:24

World

Dzhokhar Tsarnaev Found Guilty of Bombing Boston Marathon  

Dzhokhar Tsarnaev has been found guilty of bombing the Boston Marathon in 2013 that left three people dead and more than 260 injured, the BBC reported.

World | April 8, 2015, Wednesday // 22:08

Greek PM Alexis Tsipras Visits Moscow to Talk Politics

Greek PM Alexis Tsipras starts a two-day visit in the Russian capital Moscow. He will be meeting with the Russian President Vladimir Putin.

World | April 8, 2015, Wednesday // 09:37

Greek Defense Minister Warns of GREXIT Severe Consequences

Greek Defense Minister Panos Kammenos has warned EU leaders that Greece won't be able to control its borders on account of the constant efforts for destabilization exerted by EU leaders.

World » Southeast Europe | April 8, 2015, Wednesday // 13:45

Tsipras Sought No Financial Aid from Moscow, Putin Says

Greece’s Prime Minister Alexis Tsipras hasn’t asked for financial aid from Russia during talks in Moscow, Russia's President Vladimir Putin said on Wednesday.

World » Russia | April 8, 2015, Wednesday // 21:46

Russian Gov't Might Lift Ban on Food Imports from EU

Russian Agriculture Minister Nikolay Fedorov has said the cabinet might consider ending food import restrictions enforced with regard to "several EU member states.

World » Russia | April 8, 2015, Wednesday // 12:38

Bulgarian Economy Could Suffer EUR 800 M Losses Over Greek Tax Policies

Close to EUR 800 M will be the total losses for Bulgaria over the course of the year in case Greece decides to implement a 26% tax on contracts with local companies.

World » International Business | April 8, 2015, Wednesday // 08:45

Novinite Insider

Gilles Clavie: We Need to Go Further and Strengthen Sofia's Visibility Abroad

Novinite has interviewed Gilles Clavie, President and Chief Executive Officer at Orbis Hotel Group, a leader on Poland's hospitality market.

Novinite Insider » Interview | April 8, 2015, Wednesday // 11:10

Letters to the Editor

Bulgaria: Change Is Needed, Has Been Needed... But Will It Happen?

Bruce Hunter gives a critical view of President Plevneliev’s recent call for change in Bulgaria, and challenges The President to right wrongs in one case to demonstrate that The President is able to force change.

Letters to the Editor | April 8, 2015, Wednesday // 14:59
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