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Bulgaria’s National Electric Company Reports BGN 425M Loss in end-Sept

Bulgaria’s state-owned National Electric Company (NEK) has reported a loss of BGN 425 M for the first nine months of 2014.

Business » Energy | October 31, 2014, Friday // 21:14

Refugee Center in Bulgaria’s Kovatchevtsi Faces Closure

The refugee center in the western village of Kovachevtsi will be closed, according to Nikolay Chirpanliev, Chair of Bulgaria’s State Agency for Refugees.

Society | October 31, 2014, Friday // 20:29

3 Big Outsourcing Firms to Open Offices in Plovdiv Within Months

In a few months’ time, three leading outsourcing firms will open offices in Bulgaria’s Plovdiv.

Business | October 31, 2014, Friday // 19:50

Financial Supervision Commission Chair, ECB Vice-President Discuss Troubled Bulgarian Bank KTB

Stoyan Mavrodiev, Chair of Bulgaria’s Financial Supervision Commission (FSC), met with Vitor Constancio, Vice-President of the European Central Bank (ECB) during a working visit to Frankfurt.

Politics » Bulgaria in EU | October 31, 2014, Friday // 18:30

Sofia City Courts Acquits Activists For Painting Monument

The Sofia City Court acquitted Asen Genov and Tsvetelina Sarbinska, accused of hooliganism for painting the monument in front of the Bulgarian Socialist Party offices in Sofia last November.

Society | October 31, 2014, Friday // 17:45

Bulgaria-Macedonia Rail Line to Start Functioning in 2022

Macedonia’s Transport Minister Mile Janakieski expects the Bulgaria-Macedonia rail line to start functioning in 2022.

Business | October 31, 2014, Friday // 17:02

Flydubai Airline To Fly Between Sofia and Dubai

The Flydubai low cost airline starts flights between of Sofia airport and the Dubai International airport twice a week, according to the winter timetable of the Sofia Airport.

Business | October 31, 2014, Friday // 16:35

Victor Ponta Set to Win First Round of Romanian Presidential Race

Romania’s Social Democrat Prime Minister Victor Ponta leads in opinion polls ahead of the first round of presidential elections on November 2.

World » Southeast Europe | October 31, 2014, Friday // 16:26

Construction of 2 New Bulgaria-Romania Bridges to Start by 2017

The construction of the two new bridges Silistra – Calarasi and Nikopol – Turnu Magurele will start by 2017, according to Bulgaria’s caretaker Transport Minister Nikolina Angelkova.

Business | October 31, 2014, Friday // 16:25

Germany Introduces Road Toll of up to EUR 130 for Foreign Drivers

Germany has introduced a road toll which requires foreign car drivers to pay up to EUR 130 a year for using the country’s motorways.

World | October 31, 2014, Friday // 15:49

Archaeological Excavations At Perperikon To Continue Next Year

The archaeological excavations at the Perperikon site in south eastern Bulgaria will continue next year, the head of the archaeological team Nikolay Ovcharov told journalists, quoted by BTA.

Society » Archaeology | October 31, 2014, Friday // 15:29

Sofia History Museum To Host European Heritage Days

The Sofia History Museum will host the first European Heritage Days in Bulgaria.

Society » Culture | October 31, 2014, Friday // 14:46

GERB Withdraws Proposal to Save KTB Through Legal Changes

Conservative GERB has renounced its proposal for legislative amendments that could restore troubled Corporate Commercial Bank (KTB) back to health.

Business » Finance | October 31, 2014, Friday // 13:29

Boyko Borisov Threatens To Return Mandate

GERB leader Boyko Borisov told journalists in Parliament he might return the government mandate next Wednesday, if no agreement is reached.

Politics » Domestic | October 31, 2014, Friday // 13:25

Hungary Drops Draft Internet Tax Bill After Protests

Hungary’s Prime Minister Viktor Orban on Friday said a controversial draft bill to tax Internet traffic will be scrapped following mass protests.

World » EU | October 31, 2014, Friday // 13:22

Sofia Metro To Reach Airport In April

The extension of Sofia's red line will reach the airport in April 2015, said Sofia Mayor Yordanka Fandakova who inspected the construction process.

Society | October 31, 2014, Friday // 12:50

Bulgaria Counts on Austria's Support for Schengen Bid - PM

Austria will support Bulgaria in its commitment to reform, the country's President Heinz Fischer made clear on Friday while meeting caretaker PM Georgi Bliznashki.

Politics » Diplomacy | October 31, 2014, Friday // 11:08

Intl Consortium Proposes to Inject BGN 2.3B in Bulgaria's KTB - FinMin

An international consortium has proposed to Bulgarian authorities to invest BGN 2.3B in troubled Corporate Commercial Bank (Corpbank or KTB), carateker Finance Minister Rumen Porozhanov said on Friday.

Business » Finance | October 31, 2014, Friday // 11:01

Bulgaria Drops in Anti-Bribery Enforcement Ranking - Report

Bulgaria has  regressed in the OECD Anti-Bribery Convention  enforcement, a new report by Transparency International has shown.

World | October 31, 2014, Friday // 10:40

Parliament Starts Debate on Budget Overhaul, C-Bank's Report on KTB

Bulgarian lawmakers are discussing amendments to the 2014 budget and two documents about the situation at Corporate Commercial Bank (KTB) on Friday.

Politics » Domestic | October 31, 2014, Friday // 09:46

Austria's Verbund to Sell Its Wind Farm in Bulgaria

Austrian energy giant Verbund is selling its wind park at Bulgaria's Black Sea coast, the concern said in a statement Thursday.

Business » Energy | October 31, 2014, Friday // 09:41