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18 September 2014, Issue 4031
Bulgaria's Daily Newspaper since 2001
9890 subscribers of Novinite.com
|BUSINESS POLITICS WORLD SOCIETY SPORTS FORUM|
Gov't Grants BGN 28 M to Municipalities with Assets in KTB
Some BGN 28 M worth of interest-free loans have been allocated to Bulgarian municipalities having accounts at Corporate Commercial Bank, the Finance Ministry said.read
Bulgaria’s Caretaker Govt OKs Financial Corrections of BGN 152 M under OP Environment
Bulgaria’s caretaker government has approved financial corrections worth BGN 152 M under operational program “Environment.read
Serbian Court Places Tsvetan Vasilev Under Recognizance Order
A Serbian court has ordered Tsvetan Vasilev, majority owner of Bulgaria’s troubled Corpbank (KTB), to report to police every day while awaiting a decision on his potential extradition. read
BULGARIA’S CARETAKER GOVT SUSPENDS INVESTMENT PROGRAM OF SOCIALIST-LED CABINET
Bulgaria’s caretaker government has suspended funding for projects and programs under the government's public investment program "Growth and Sustainable Development” for which no contract was signed by September 17, 2014, including.
The funding of projects which are being implemented will be extended by the end of 2014, according to the government’s press office. read more
BULGARIA’S CARETAKER GOVT OKS FINANCIAL CORRECTIONS OF BGN 152 M UNDER OP ENVIRONMENT
Bulgaria’s caretaker government has approved financial corrections worth BGN 152 M under operational program “Environment.”
In a bid to achieve the unblocking of frozen payments under operational program “Environment”, Bulgaria’s caretaker government approved the proposal of the European Commission for financial corrections amounting to BGN 152 916 261, according to reports of the BGNES news agency. read more
TOTAL HOURLY LABOR COST POSTS 3.6% INCREASE IN Q2 2014 Y/Y
Preliminary data of the Bulgaria's Statistical Institute for Q2 2014 indicates that the total hourly labor cost has risen by 3.6% compared to the second quarter of 2013.
The total hourly labor cost grew by 6.9% in industry, by 1.1% in services and by 4.0% in construction. read more
BULGARIA AIR TO FLY TO CHINA, BELARUS
Flag carrier Bulgaria Air is the designated Bulgarian airline to fly to China and Belarus, the Council of Ministers has announced after its regular meeting, Wednesday.
The company is obligated to launch the new routes up to six months after the designation date. read more
AMWAY TO INVEST USD 0.5M IN LAUNCHING BULGARIAN BUSINESS
Multi-level marketing company Amway is to invest USD 0.5 M into launching a business in Bulgaria.
Amway is to set foot on the Bulgarian market in June 2014 with an initial investment of USD 0.5 M, according to reports of investor.bg. read more
EU NEW CAR REGISTRATIONS UP BY 2.1% IN AUGUST
New passenger car registrations were up by 5.6% in July and by 2.1% in August, pursuing the upward trend commenced twelve months ago.
Eight months into the year, demand for new cars amounted to 8,336,159 units, or 6.0% more than in the same period last year, according to the latest data of the European Automobile Manufacturers Association. read more
FINANCE MINISTRY MEETS WITH EPIC TO DISCUSS KTB RECOVERY
Interim Finance Minister Rumen Porozhanov has announced his institution is to meet representatives of Vienna-based fund EPIC in the coming days.
POWER RATES IN BULGARIA TO GO UP BY UP TO 10% AS OF OCTOBER - WATCHDOG
Power prices will go up by up to 10% as of October 1, according to a media statement of Bulgaria’s State Commission for Energy and Water Regulation (DKEVR).
Svetla Todorova, who was appointed DKEVR Chair on September 1, explained Wednesday that there would be no increase in heating rates despite the gas price hike request submitted by state-owned gas supplier Bulgargaz. read more
BULGARIA BRACES FOR POSSIBLE DISRUPTION IN RUSSIAN GAS SUPPLIES
Fearing a price dispute between Moscow and Kiev may lead to disruptions in Russian gas deliveries via Ukraine, Bulgaria is preparing to avert a gas crisis in winter months.
According to Bulgaria’s caretaker deputy premier for economic policy Ekaterina Zaharieva, the Russian gas supplies are highly likely to be affected by tensions between Moscow and Kiev prompted by a dispute over prices. read more
EC THREATENS PUNITIVE MEASURES AGAINST BULGARIA, SERBIA OVER SOUTH STREAM
The European Commission has called on Bulgaria to suspend the construction of the South Stream gas pipeline, warning that it may take punitive measures against Sofia and Belgrade over the matter.
Marlene Holzner, Energy Spokesperson of the European Commission, commented on the matter at a press conference in response to a question regarding the plans of the Serbian authorities about the construction of the gas pipeline. read more
BULGARIAN HOTELIERS STAGE PROTEST TO DEMAND SEPARATE TOURISM MINISTRY
Bulgarian hoteliers will stage a protest Wednesday at a section of the Burgas- Sunny Beach near Aheloy to demand a separate ministry of tourism and a solution to a number of other problems.
“Tourism is a fundamental sector of Bulgarian economy,” said Sunny Beach owners' union chairperson Elena Ivanova, as cited by the Bulgarian National Radio. read more
FORMER JOINT FORCES COMMAND CHIEF APPOINTED PRESIDENT'S SECRETARY
Bulgarian President Rosen Plevneliev has signed a decree appointing reserve Lt Gen Atanas Samandov as his Defense and Security Secretary, the presidency has announced.
NATO CRISIS MANAGEMENT CENTER OPENS IN BULGARIA
President Rosen Plevneliev and a number of ministers from the interim government have attended the opening ceremony of a crisis management centre of the Alliance in Bulgaria's capital Sofia.
FT: VISION 2020 COULD BE SEEN AS 'DISTANCING BULGARIA FROM MOSCOW'
Bulgaria must boost defense spending in response to Russia's invasion in Ukraine and the situation in the Middle East, caretaker Defense Minister Velizar Shalamanov told the Financial Times' beyondbrics blog.
BULGARIA’S CARETAKER GOVT APPROVES COOPERATION SCHEMES UNDER EU PROGRAMS
Bulgaria’s caretaker government has adopted a decision on cross-border cooperation under three programs in the 2014-2020 programming period.
The three programs, INTERACT III, the Danube Transnational Program 2014-2020 and the Balkan-Mediterranean Program, are to be approved by the European Commission, according to reports of econ.bg. read more
BULGARIA REAFFIRMS WILLINGNESS TO HELP KIEV BUILD CLOSER TIES WITH EU
Bulgaria on Wednesday welcomed the ratification of the EU-Ukraine Association Agreement which it expects will help Kiev build strong political and economic ties with the bloc.
Sofia also expects the accord ratified simultaneously by the European Parliament and Ukraine’s Verkhovna Rada on Tuesday will “contribute to the strengthening of reforms and the rule of law and lead to the overall modernization of the country”. read more
GOV'T GRANTS BGN 28 M TO MUNICIPALITIES WITH ASSETS IN KTB
Some BGN 28 M worth of interest-free loans have been allocated to Bulgarian municipalities having accounts at Corporate Commercial Bank, the Finance Ministry said.
TURKEY’S CHIEF PROSECUTOR TO ARRIVE IN BULGARIA ON 3-DAY VISIT
A Turkish delegation headed by the country’s Chief Prosecutor, Hasan Erbil, is to arrive in Bulgaria on an official three-day visit at the invitation of Chief Prosecutor Sotir Tsatsarov.
The delegation includes Istanbul Chief Prosecutor Hadi Salihoglu and other prosecutors. read more
BULGARIA'S CARETAKER GOVT ALLOCATES BGN 8М FOR SOFIA METRO LINE EXTENSION
Bulgaria’s caretaker government will allocate BGN 8 M for the completion of the last metro station of the extension of the second metro line in Sofia,Wednesday.
Another BGN 5.6M will be allocated for the construction of a sports complex in the city of Plovdiv, the government press office informed. read more
SERBIAN COURT PLACES TSVETAN VASILEV UNDER RECOGNIZANCE ORDER
A Serbian court has ordered Tsvetan Vasilev, majority owner of Bulgaria’s troubled Corpbank (KTB), to report to police every day while awaiting a decision on his potential extradition.
According to Sofia-based 24 Chasa daily, the restriction measure was imposed after Vasilev was interrrogated at Serbia’s Supreme Court in Belgrade late on Tuesday. read more
FRESH THREATS DIRECTED AT KTB'S VASILEV, HIS LAWYER SAYS
Fresh threats have been levelled against Tsvetan Vasilev, majority owner of Bulgaria’s troubled Corporate Commercial Bank (KTB), his lawyer Konstantin Simeonov said on Wednesday.
“He has received signals about an existing order for his elimination,” Simeonov told Sofia-based Nova TV, making clear such threats had been directed at Vasilev from the very beginning of the KTB crisis but there were also more recent ones. He didn’t elaborate. read more
BULGARIA'S CAPITAL CELEBRATES ST. SOFIA DAY
Bulgaria's capital celebrates Wednesday St. Sofia Day - the date when the Orthodox world pays homage to the Holy Martyrs Sofia and her three daughters Faith, Hope and Love.
At 11.30, the flag of the capital will be hoisted at an official ceremony and a liturgy will be held in front of the St. Sofia church. The ceremony will be attended by President Rosen Plevneliev, caretaker Prime Minister Georgi Bliznashki and Sofia Mayor Yordanka Fandakova. read more
TWO MILLION BULGARIANS COMPLAIN OF EXCESSIVE NOISE EXPOSURE
Two million Bulgarians are exposed to dangerously loud noise day and night in the big cities.
A total of 73.4% of the residents of Plovdiv and 72.2% of Sofia residents complain of excessive noise in the early hours of the day. read more
BULGARIAN ENVIRONMENT MINISTRY WARNS OF POSSIBLE FLASH FLOODS
The Ministry of Environment has warned of expected rise of river water levels mainly in western and central Bulgaria on Wednesday.
Local flash floods due to intensive rainfalls are also possible. read more
LUDOGORETS LOSES 1-2 TO LIVERPOOL IN CHAMPIONS LEAGUE CLASH
Liverpool kicked off their return to UEFA Champions League after beating Bulgaria’s Ludogorets 2-1 on Tuesday night.
It was far from plain sailing for the hosts at Anfield, as the Bulgarian champions proved worthy opponents in their first ever Champions League appearance. read more
BULGARIA'S INTERIM PM APPEARS IN COURT AS APPLICANT
In an unprecedented move, caretaker Prime Minister Georgi Bliznashki has appeared before the Supreme Administrative Court over his litigation against former Parliament Speaker Mihail Mikov.
TURKISH FOOD EXPORTERS SEEK CUTS IN RUSSIAN CUSTOMS DUTIES
Turkish food exporters are seeking cuts in Russian import duties to boost their share of the vast Russian market where Western food imports have been banned.
According to Zechariah Mete, chairman of Turkey’s association of grocery products exporters, they are not seeking preferential treatment by Moscow. read more
RUSSIA STRIKES USD 3.5 B ARMS DEALS FOR DELIVERIES TO EGYPT
Russia and Egypt have reached a preliminary deal on USD 3.5 B worth of weapons, with anti-missile equipment and pieces of artillery to be sold to Cairo, Moscow official say.
TSVETAN VASILEV AND THE VOICE OF BUSINESS
I don't know what it means to "surrender" without having been in hiding, but the past 24 hours have created this precedent as well. For two weeks it has been openly said that the banker Tsvetan is in neighboring Serbia, his lawyer tells all the TV stations how and where he met him and... all of a sudden it turned out he "heroically" surrendered to police. Stuff and nonsense, as they said in my neighborhood in Sofia when one's time was being wasted with verbosity.
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