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7 July 2015, Issue 4277
Bulgaria's Daily Newspaper since 2001
9656 subscribers of Novinite.com
|BUSINESS POLITICS WORLD SOCIETY SPORTS FORUM|
PM Tsipras Appoints Euclid Tsakalotos as Greece’s New Finance Minister
Greek Prime Minister Alexis Tsipras has appointed Euclid Tsakalotos as Greece’s new finance minister following the resignation of Yanis Varoufakis, according to Greek media reports on Monday. read
Prices of Visas to Bulgaria Go Up for Russian Citizens
The agency issuing visas to Bulgaria for Russians has moved to raise the price of visas as of June 29.read
Unrefunded VAT to Bulgarian Companies at BGN 113.6 M by end-May
By May 31, 2015 the state owed BGN 113.6 M in unrefunded value-added tax (VAT) to companies, according to data presented by Bulgaria’s Finance Minister Vladislav Goranov in a written response to a question addressed to him. read
ECB KEEPS CASH AID TO GREEK BANKS FLAT DESPITE LIQUIDITY SHORTAGE
The European Central Bank on Monday said it will keep its financial assistance to Greek banks unchanged, further tightening the screws on the Greek lenders.
“The Governing Council of the European Central Bank decided today to maintain the provision of emergency liquidity assistance (ELA) to Greek banks at the level decided on 26 June 2015 after discussing a proposal from the Bank of Greece,” the ECB said in a statement on its website. read more
IMF ‘STANDS READY TO ASSIST GREECE’ – IF ASKED
The International Monetary Fund (IMF) said on Monday it was ready to help Greece – if asked to do so – following the referendum that rejected the bailout-for-reforms deal proposed by international creditors.
"The IMF has taken note of yesterday’s referendum held in Greece,” the managing director of the IMF, Christine Lagarde, said in a statement posted on the IMF website. read more
BULGARIA NEEDS TO SUBSTANTIALLY BOOST INNOVATION PERFORMANCE IN EU – MINISTER
Bulgaria’s Economy Minister has described the regular introduction of new technology as a sine qua non for retaining competitiveness and boosting labor productivity and income levels.
“Bulgaria’s economy needs a well-functioning innovative environment that can guarantee opportunities for a swift transition to the production of high added value products,” Bozhidar Lukarski declared at a conference in Varna on sustainable economic growth and employment organized by the Bulgarian Industrial Capital Association and the Employers' Group of the European Economic and Social Committee (EESC). read more
UBER GETS SLAMMED WITH FINES IN BULGARIA
Bulgaria's competition watchdog has ruled that Uber should pay BGN 200 000 in fines on four counts, the agency's spokesperson has announced.
UNREFUNDED VAT TO BULGARIAN COMPANIES AT BGN 113.6 M BY END-MAY
By May 31, 2015 the state owed BGN 113.6 M in unrefunded value-added tax (VAT) to companies, according to data presented by Bulgaria’s Finance Minister Vladislav Goranov in a written response to a question addressed to him.
“The unrecovered tax credit is owed to persons undergoing tax inspection procedures and they are to recover the tax after the completion of the procedures,” Goranov stated, assuring that the National Revenue Agency strictly adhered to the VAT recovery deadlines. read more
BULGARIA INTERESTED IN TURKISH STREAM, RUSSIAN OFFICIAL SAYS
Bulgaria is "also interested" in the realization of the Turkish Stream gas pipeline project, Russian Deputy Foreign Minister Vasily A. Nebenzya has said.
BULGARIA'S ENERGY WATCHDOG TO GO ON WITH POWER PRICE HIKE
Energy regulator KEVR's head Ivan Ivanov has said that his agency will not backtrack on plans to increase power prices for industrial consumers by up to 20%.
PRICES OF VISAS TO BULGARIA GO UP FOR RUSSIAN CITIZENS
The agency issuing visas to Bulgaria for Russians has moved to raise the price of visas as of June 29.
"Visa application and procession fees are collected in roubles but calculated on the basis of the euro. This is why, according to the dynamics of currency exchange rates, prices in roubles might fluctuate," a statement on the website of Bulgaria's Embassy to Moscow reads.
REUTERS: EUROPEANS SWITCHING TO DESTINATIONS IN SPAIN, BULGARIA FOLLOWING TUNISIA TERRORIST ATTACKS
Bulgaria could be one of the countries benefitting from the deflection of the tourist stream away from Tunisia, according to a Reuters report, as quoted by South China Morning Post.
European destinations such as Spain, Bulgaria and even Greece could become preferred destinations for tourists looking for relatively low-cost all-inclusive packages. read more
BULGARIA’S PRESIDENT STARTS 2-DAY VISIT TO UKRAINE ON TUESDAY
Bulgaria’s President Rosen Plevneliev will arrive in Kiev on July 7 for a two-day official visit at the invitation of his Ukrainian counterpart Petro Poroshenko.
The talks between the two heads of state will focus on the current state of political dialogue, trade and economic partnership, bilateral relations in the spheres of energy, tourism, and education, and Ukraine’s EU prospects. read more
BULGARIA FM VISITING UKRAINE'S ODESSA
A visit of Bulgaria's Foreign Minister Daniel Mitov to Odessa Oblast in Ukraine has entered its second day.
The two ministers, who also held a meeting with the Bulgarian community in Odessa (which is thought to be numbering about 150 000), talked over projects which could help small and medium enterprises. read more
BULGARIA'S AGRICULTURE TO BE GRANTED EUR 7.5 B EU IN NEXT YEARS
EU Agriculture Commissioner Phil Hogan has said Bulgaria's agriculture sector will see EU investment worth around EUR 7.5 B over the next 6-7 years.
SIMEON SAXE-COBURG-GOTHA LOSES CASE FOR SITNYAKOVO PALACE AT SECOND INSTANCE COURT
Simeon Saxe-Coburg-Gotha and his sister Maria-Louisa have lost the case for the Sitnyakovo royal residence at the court of second instance, according to a media statement of the Sofia Appellate Court.
Under the ruling of the Sofia Appellate Court, as cited by Trud daily, Simeon Saxe-Coburg-Gotha and his sister are not the owners of the property. read more
BULGARIA 'SHOULD AVAIL ITSELF OF DEVELOPMENTS IN GREECE'
Bulgaria should be ready to make use of the new situation in Greece, the co-chair of junior coalition partner Reformist Bloc (RB) said on Monday.
BULGARIA C-BANK'S OUTGOING CHAIR 'WAS REELECTED UNDER PRESSURE' - FORMER FINMIN
Ivan Iskrov had been reelected on his position as a Chair of the Bulgarian National Bank under pressure during the first Boiko Borisov cabinet.
The statement was made by Former Finance Minister Simeon Djankov in an interview for bTV, who was in office at the time. read more
SALARIES IN BULGARIAN ADMINISTRATION WILL NOT RISE IN 2016
Salaries of people emplyed in administrative positions across Bulgaria will not be raised in 2016. Any increase could be made possible only trough laying off of employees.
The nominal expense for salaries across the ministries should be kept at the same level as of 2015. read more
ROMA PEOPLE IN GARMEN REFUSE SOCIAL ASSISTANCE
Six families residing in some of the illegal buildings in the Garmen municipality have refused to use the social services they have been offered.
Four out of all six of them have continued living in the houses that were already demolished over the course of the past one week. Two more houses are scheduled to be leveled on July 13, as reported by the Agency for Social Assistance to the Bulgarian Labor Ministry. read more
BULGARIA LOSES TO ARGENTINA IN LAST VOLLEYBALL WORLD LEAGUE MATCH
The Bulgarian men's volleyball team was defeated on Sunday by Argentina in their second encounter in the FIVB Volleyball WOrld League match in Varna, Bulgaria.
Bulgarians lost 1:3 (19:25, 26:24, 17:25, 18:25) after an easy victory against Argentina in the previous match on Saturday. read more
POLICE IN BRUSSELS INTERCEPT ECSTASY IMPORT SCHEME FROM BULGARIA
Police in Brussels have intercepted a drug trafficking channel through which ecstasy pills were imported from Bulgaria.
The drug trafficking channel was detected on a tip-off of a woman who had suffered systematic abuse by her husband for years on end, according to reports of the Bulgarian Telegraph Agency based on local media outlets. read more
GREECE DOESN'T NEED A FINANCE MINISTER
After Greek Finance Minister Yanis Varoufakis stepped down, PM Alexis Tsipras shrugged: Greece has no finance, so it doesn't need a Finance Minister anymore! read more
DEADLINE APPROACHING FOR IRAN NUCLEAR DEAL
The foreign ministers of the six world powers that need to make a final decision regarding the Iranian nuclear program will be gathering Monday in Vienna. China, Israel, Russia, the US, Germany and the EU will all have a say in the matter.
The agreement needs to be contracted until end day Tuesday and if so it will be historical in its significance. Representatives of all world powers participating in the negotiations have stated that they do not wish to postpone the deal any longer and will be aiming for a prompt reaching of a deal on the controversial issue. read more
GREEK BANKS TO REOPEN ON THURSDAY - FAZ
Banks in Greece will reopen on Thursday, Germany’s Frankfurter Allgemeine Zeitung (FAZ) reported on Monday.
GERMAN ECONMIN WARNS GREEKS 'NEED HELP'
Germany's Economy Minister Sigmar Gabriel has said Athens needs "urgent" humanitarian aid.
EU LEADERS TO DISCUSS SITUATION IN GREECE FOLLOWING REFERENDUM RESULTS
In response to the Greek referendum, the Eurozone leaders have decided to discuss the stuation at an extraordinary meeting to be held Tuesday, the Bulgraian National Radio reported.
President of the European Council Donald Tusk has announced that he has called the meeting of representatives from the 19 countries participating in the currency union. He, however, refrained from commenting on the results from the Greek referendum held Sunday. read more
PM TSIPRAS APPOINTS EUCLID TSAKALOTOS AS GREECE’S NEW FINANCE MINISTER
Greek Prime Minister Alexis Tsipras has appointed Euclid Tsakalotos as Greece’s new finance minister following the resignation of Yanis Varoufakis, according to Greek media reports on Monday.
Tsakalotos, alternate minister for international economic relations, took over from Varoufakis as lead negotiator in Greece's bail-out talks with international creditors in April after lenders and several Eurozone finance ministers had expressed their displeasure with Varoufakis’ negotiation style. read more
EU LEADERS REACT TO GREEK REFERENDUM RESULTS, FINMIN RESIGNATION
Upon the recent news concerning the resignation of Greek Finance Minister Yanis Varoufakis, a number of EU leaders have stated their opinions.
GREEK FINMIN VAROUFAKIS STEPS DOWN
Greek Finance Minister Yanis Varoufakis has announced he will be stepping down from his position.
He published the information on his personal blog, explaining the situation. read more
PUTIN DISCUSSES GREEK REFERENDUM OUTCOME WITH TSIPRAS
Russian President Vladimir Putin and Greek Prime Minister Alexis Tsipras have discussed the outcome of the bailout referendum held in Greece the day before, the Kremlin said on Monday.
In a telephone conversation held on the initiative of the Greek side the two leaders also discussed "some issues of the further development of Russian-Greek cooperation," the Kremlin press service said in a statement. It didn’t elaborate. read more
AFTER A NIGHT OF EUPHORIA, GREECE WILL HAVE TO WAKE UP SOBER
In Bulgarian we say that after a cart tumbles off track, we can think of many possible routes we could have considered to prevent this from happening.
The translation is tricky - just as Greece's bailout referendum was on Sunday night, with a cheering crowd flocking to the streets to celebrate their victory after having said "No." read more
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