For some 200,000 individuals and businesses with deposits at Corporate Commercial Bank (KTB) “financial life has hardly returned to normal” since June, the New York Times has said.
Bulgaria and Russia are discussing the possibility of reclassifying the Bulgarian section of the South Stream gas pipeline into a field pipe to exempt it from EU restrictions.
Gas flow from Azerbaijan to Bulgaria has never been more feasible economically, but is hardly plausible from a political perspective, an Azeri think-tank believes.
Russia’s unorthodox tactics in the conflict in Ukraine have raised fears of a repeat of such tactics elsewhere in eastern Europe, including Bulgaria, the FT has said.
The crisis at Corporate Commercial Bank (KTB) is likely to delay Bulgaria’s intention to join the Eurozone event further, Euromoney magazine has reported, quoting analysts.
The future of Moscow-backed South Stream gas project “is looking increasingly murky” amidst the East-West tensions over Ukraine, the FT’s energy editor Guy Chazan has opined.
Bulgaria is grappling with an influx of refugees, mostly fleeing the war in Syria, that has caught authorities by surprise, Al Jazeera has said in a feature story.
European Commission became aware that room was made at Bulgaria's Varna harbor for pipes to be used for the construction of the South Stream gas pipeline, EurActiv notes.
Gazprom could consider another route for South Stream if the EU continued to obstruct the construction of the Moscow-backed gas pipeline, a Russian journalist has suggested.
The announcement that Bulgaria has halted work on the South Stream project “could be a bit more serious” than the previous one, a gas analyst has commented.
International investors are not optimistic they will get their money from Bulgaria’s Corpbank after the troubled lender defaulted on a bond payment last week, the FT has said.
The risk holders of Corpbank’s dollar-denominated bond will pursue legal action against the troubled Bulgarian lender and the state has increased, Reuters has reported.
Kristalina Georgieva has been nominated to become EU foreign policy chief "in an attempt to break the deadlock" over who will take the post, the Financial Times wrote Wednesday.
With harsh criticism at outgoing government parties Bulgaria's President Plevneliev introduced on Tuesday his second caretaker government, Der Standard writes.
Bulgaria’s caretaker premier Georgi Bliznashki has pledged to restore the people’s trust during the tenure of his cabinet, Reuters highlighted on Wednesday.
A Europe-friendly caretaker cabinet is now governing Bulgaria until the early elections, German weekly Der Spiegel's website [DE] wrote Wednesday.
In spite the sanctions, Russia's President Vladimir Putin continues expanding his sphere of influence, concludes an analysis of the German intelligence, published in German media.
One of the biggest banks in Bulgaria is a "hostage" to a political crisis, which caused Bulgarian PM Plamen Oresharski to resign, writes Georgi Kantchev for The New York Times.
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