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30 October 2014, Issue 4067
Bulgaria's Daily Newspaper since 2001
9726 subscribers of Novinite.com
|BUSINESS POLITICS WORLD SOCIETY SPORTS FORUM|
Interim Parliamentary Budget Committee Votes To Save KTB
The interim parliamentary budget committee approved amendments to the Credit Institutions Act, obligating Bulgaria's Central bank (BNB) to save banks whose capital becomes a negative quantity, reports the bTV national channel. read
Share Of Shadow Economy In Bulgaria Decreases – Employers
The share of shadow economy in Bulgaria's GDP has dropped from 42.2% in 2010 to 32.3% in 2014, shows a survey of the Bulgarian Industrial Capital Association (BICA). read
Inspectors Identify Fuel Quality Irregularities at 43% of Filling Stations in Bulgaria
An inspection of Bulgaria’s State Agency for Metrology and Technical Supervision has revealed fuel quality irregularities at 43% of the filling stations. read
GOVERNMENT NEGOTIATIONS AGONY EXTENDS INTO NEXT WEEK
GERB sets a deadline till Monday for the Reformist Bloc (RB) to make up its mind on the political formula of the next Bulgarian government.
After a three-hour meeting with RB representatives, GERB MEP Tomislav Donchev told journalists there were three stages – finding of the right political formula, definition of decision-making mechanisms and the make-up of the government. read more
BULGARIA’S POSITION IN DOING BUSINESS 2015 DETERIORATES
Bulgaria ranks 38th out of 189 economies in the Doing Business 2015 report of the World Bank.
On some of the 10 topics covered by the report, Bulgaria’s s score remains unchanged, while on others it deteriorates. read more
SHARE OF SHADOW ECONOMY IN BULGARIA DECREASES – EMPLOYERS
The share of shadow economy in Bulgaria's GDP has dropped from 42.2% in 2010 to 32.3% in 2014, shows a survey of the Bulgarian Industrial Capital Association (BICA).
The survey was part of BICA's Limiting and Prevention of Informal Economy project, published on its website. read more
MODERN RETAIL IN BULGARIA CONTINUES TO RISE
The modern retail outlets in Bulgaria continue to increase their market share, on the account of the small independent stores, shows a GfK survey, quoted by Dnevnik.bg.
In 2007 the modern retail outlets, such as super- and hypermarkets, held 42% of the FMCG sales, while in 2011 their share reached 55%. read more
INTERIM PARLIAMENTARY BUDGET COMMITTEE VOTES TO SAVE KTB
The interim parliamentary budget committee approved amendments to the Credit Institutions Act, obligating Bulgaria's Central bank (BNB) to save banks whose capital becomes a negative quantity, reports the bTV national channel.
After four hours of debating, the committee approved a draft project for saving the troubled Corporate Commercial Bank (KTB). read more
INSPECTORS IDENTIFY FUEL QUALITY IRREGULARITIES AT 43% OF FILLING STATIONS IN BULGARIA
An inspection of Bulgaria’s State Agency for Metrology and Technical Supervision has revealed fuel quality irregularities at 43% of the filling stations.
The inspection also uncovered a large-scale corruption scheme under which over 500 filling station, or 20% of the total of sites registered at the National Revenue Agency (NRA), had been erased from their software and had not undergone checks for years, according to reports of private TV station Nova TV. read more
DELIVERIES OF RUSSIAN GAS TO BULGARIA DECREASE
The natural gas deliveries from Russia to Bulgaria have decreased, said caretaker Economy and Energy Minister Vasil Shtonov, quoted by the BNT public broadcaster.
According to him, the pressure of the incoming gas supplies is supposed to be above 38 bar, but in the past week it was varying between 30 and 35 bar. “This means we are getting less gas than agreed,” Shtonov said. “The unofficial information is that this was due to technical problems in Russia, but there is no way to tell because there are no gauges at the border between Russia and Ukraine. We are expecting the problems to be solved soon.” read more
BULGARIA’S ENERGY SYSTEM IS INSUFFICIENTLY PREPARED FOR ALTERNATIVE SUPPLY - EXPERT
Valentin Terziyski, Deputy Chair of the chamber of energy workers at the Bulgarian Industrial Association (BIA), has drawn attention to the fact that the energy system is not fully prepared for alternative supply.
Terziyski commented on the likelihood of a gas crisis in a Wednesday interview for the Bulgarian National Radio. read more
BULGARIA'S DEPUTY ECONMIN PROPOSES SEPARATE TOURISM MINISTRY
A single Ministry of Tourism is necessary to secure the budget framework which the sector precisely needs, caretaker Deputy Economy and Energy Minister Branimir Botev believes.
AUSTRIA'S PRESIDENT HEINZ FISCHER TO VISIT BULGARIA
Austira's President Heinz Fischer will visit Bulgaria on October 30 and 31, upon the invitation of his Bulgarian counterpart Rosen Plevneliev, said Plevneliev's press office.
Plevneliev and Fischer will have a private meeting, followed by a plenary meeting of the two countries' official delegations. Fischer will also have meetings with caretaker Prime Minister Georgi Bliznashki, Speaker of Parliament Tsetska Tsacheva and will visit a concert and several museums. read more
BULGARIA INCREASINGLY LIKELY TO LOSE EUR 1.6B IN EU AGRICULTURE FUNDING
The risk of Bulgaria losing EUR 1.6 B in EU funding for agriculture has increased substantially due to the failure of the Agriculture Ministry to select an auditing authority for the payments made in the period October 16, 2013 – October 15, 2014.
The procedure for signing a direct contract with an auditor was stopped due to a complaint to the Commission for Protection of Competition, according to reports of Trud daily. read more
BULGARIA SHOULD BRACE FOR ‘NOT QUITE POSITIVE’ EC PROGRESS REPORT – CARETAKER MINISTER
Caretaker Justice Minister Hristo Ivanov has cautioned that Bulgaria needs to prepare for a “not quite positive” progress report of the European Commission under the Co-operation and Verification Mechanism.
Speaking Tuesday after meetings in Brussels, he announced that the new EC panel planned to publish the upcoming CVM reports on Bulgaria and Romania on time, i.e. in the second half of January. read more
NEW EU FOOD LABEL REQUIREMENTS COME INTO EFFECT IN DECEMBER
As of December 13 the new EU Regulation 1169/2011 on the provision of food information to consumers comes into effect, reports the BGNES wire service.
All essential information on contents of processed foods and drinks and best before date must be in one area of the label, in large legible print. read more
BORISOV 'ALMOST READY' TO FORM GOV'T ALONE, CALLS PF 'UNACCEPTABLE'
Center-right GERB is "nearly ready" to have a minority government on its own, leader Boyko Borisov declared after meeting European People's Party (EPP) Group head Joseph Daul.
Borisov at the same time admitted to having received calls of indignation from Bulgaria's "Euro-Atlantic partners", asking, "Are these your new partners?" Novinite's Bulgarian-language website quotes him as saying.
BULGARIA’S PARLIAMENT HOLDS 1ST REGULAR SITTING
Bulgaria’s new Parliament is to hold its first regular sitting on Wednesday.
Wednesday’s agenda of the newly sworn-in MPs envisages the creation of two interim committees, including one on legal affairs and one on budget and finance, according to reports of the Bulgarian National Radio. read more
BULGARIA’S CARETAKER PM BOASTS ABOUT SUCCESSFUL TERM IN OFFICE OF GOVT
Caretaker Prime Minister Georgi Bliznashki has insisted that Bulgaria’s caretaker government is about to complete a successful term in office.
“We achieved our main goal of bringing calm and stabilizing the country. We also managed to organize elections which yielded a legitimate result and were not challenged by the political parties,” said Bliznashki, who was appointed caretaker Prime Minster on August 6, in an interview for BGNES. read more
RB'S RADAN KANEV, GERB NEGOTIATORS HOLD UNEXPECTED MEETING
A surprising meeting was held Tuesday evening between Radan Kanev, co-Chairman of the Reformist Bloc, and members of GERB party's team tasked to carry out government consultations, sources say.
PRESIDENT PLEVNELIEV TO HOLD CONSULTATIONS WITH PARLIAMENT PARTIES
Bulgaria's President Rosen Plevneliev is to hold meetings with all parties in Parliament, but will receive them in reverse order starting from the smallest one, his press office has said.
INTERIM PM POINTS BUDGET OVERHAUL AS ONLY WAY TO PAY BACK KTB DEPOSITS
Caretaker Prime Minister Georgi Bliznashki said Wednesday the update of 2014's budget would secure funding to allow depositors access to their savings at Corporate Commercial Bank (KTB).
KTB is still under the special supervision of the Bulgarian National Bank (BNB) which began after a bank run in mid-June.
BULGARIA’S SECURITY AGENCY AWARDED EXTRA BGN 250 000 TO HANDLE MIGRATION FLOWS
Bulgaria’s government has earmarked an additional sum of BGN 250 000 for activities of the State Agency for National Security (DANS).
The funding is to go to activities related to handling the crisis caused by the increase in migration flows to Bulgaria, according to the press office of the caretaker government. read more
EPP GROUP CHAIRMAN URGES FORMATION OF CENTER-RIGHT GOV'T
European People's Party Group Chair Joseph Daul met leaders of conservative GERB party and right-wing Reformist Bloc, but also two parties to the left of the political spectrum.
Daul stopped short of naming the parties that should enter it, but was explicit nationalist, anti-European formations should not be part.
GERB HEADS BULGARIAN PARLIAMENT'S BUDGET, LEGAL AFFAIRS COMMITTEES
Center-right GERB party, the biggest in Parliament, is to preside over the two temporary committees with the National Assembly formed Wednesday.
Stoyanova also presided over the permanent budget committee between 2009 and 2013, during GERB's tenure. read more
THREE-WAY COALITION TALKS 'IN PREPARATION' - REFORMISTS' CO-CHAIR
A meeting between conservative GERB party, right-wing Reformist Bloc and nationalist Patriotic Front is currently being prepared, Radan Kanev from the RB has claimed.
GRIGOR DIMITROV BEATS PABLO CUEVAS, FACES ANDY MURRAY
Bulgaria's most successful tennis player Grigor Dimitrov started with victory his participation in the BNP Paribas Masters tournament in Paris.
In 64 minutes he won against Pablo Cuevas (6:0, 6:3) and qualified for the nex round where he will face Andy Murray. read more
HUNGARY ROCKED BY HUGE PROTEST OVER CONTROVERSIAL INTERNET TAX
Tens of thousands of Hungarians flocked to the streets of the capital Budapest to protest plans of the government to levy the Internet.
POLAND DENIES DEPLOYING TROOPS NEAR UKRAINE
Polish Defense Minister Tomasz Siemoniak has dismissed Tuesday's media reports suggesting Warsaw was sending troops to the east of the country, close to its border with Ukraine.
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