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ARCHIVE - 2 July 2013

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Business

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Bulgarian National Bank Governor Advises Caution with Cutting Banks' Interest Rates
Bulgarian Socialists Plan to Annul Deposit Tax
Bulgaria Reports BGN 5.8 B Fiscal Reserve by May 2013
Coal Mine in Southeastern Bulgaria to Suffer Power Supply Regime over Unpaid Debts
Suppressing Power Rates Unlikely To Result in Price Spike – Bulgarian Energy Expert
Bulgarian EconMin Reiterates Claims of Looming EC Fine
New Flights from Bulgaria’s Burgas to Southend Airport as of Summer 2014

Politics

Swoboda: Bulgarian Govt Must Distance Itself from Extremists
EP to Debate Tense Situation in Bulgaria
Thousands of Bulgarians Gather on 19th Day of Anti-Govt Protests
Bulgaria's President Signs Decree on Promulgation of Energy Act Amendments
Bulgarian Nationalist Leader Seeks Official Stance of Chief Prosecutor on his MP Immunity
Bulgaria's Health Fund Director Rules out Resignation Option
Fresh Rally against New Governor Staged in Blagoevgrad
200 Bulgarians Gather for 'Morning Coffee' Protest
2nd Round Table on Election Code Overhaul Held in Bulgaria
Bulgarian Expats Stage Anti-Govt Rally in New York

Society

Roger Waters Will Sing with Bulgarian Children in Sofia
Sofia Oncology Clinic Protests against 'Political' Reshuffles
Bulgaria Ex Foreign Min Stoyan Ganev Dies of Cancer at 57
Pierce Brosnan's Daughter Dies of Ovarian Cancer

Sports

Bulgaria’s Pironkova Out of Wimbledon

Crime

Bulgarian Mother-of-Two Goes Home Fearing US Extradition

Views on BG

Insolvent Borrowers Successfully Challenge Security Granted To Banks In Bulgaria

World

7 European Countries Turn Down Snowden
France's Marine Le Pen Stripped of MEP Immunity
Poland Denies Political Asylum to US Whistleblower

Novinite Insider

Steve Hanke: Syria's Annual Inflation Hits 200%

Business

news

old news

Business | July 2, 2013, Tuesday // 15:33

Bulgarian National Bank Governor Advises Caution with Cutting Banks' Interest Rates

Ivan Iskrov, Governor of the Bulgarian National Bank, has cautioned banks to be careful with lowering their interest rates in view of an upcoming global trend for tightening monetary policy.

Business » Finance | July 2, 2013, Tuesday // 19:51

Bulgarian Socialists Plan to Annul Deposit Tax

The Bulgarian Parliament is planning to annul at the beginning of 2014 the "unfair" 10% levy on people's interest earned from bank deposits.

Business » Finance | July 2, 2013, Tuesday // 13:35

Bulgaria Reports BGN 5.8 B Fiscal Reserve by May 2013

The budget balance under the Consolidated Fiscal Program (CFP) as of end-May is positive, amounting to BGN 45.5 M (0.1% of forecasted GDP).

Business » Finance | July 2, 2013, Tuesday // 10:16

Coal Mine in Southeastern Bulgaria to Suffer Power Supply Regime over Unpaid Debts

Power distributor EVN, which services in southeastern Bulgaria, has cautioned it will introduce a power supply regime for coal mining company Mina Balkan 2000 EAD over debts.

Business » Energy | July 2, 2013, Tuesday // 16:45

Suppressing Power Rates Unlikely To Result in Price Spike – Bulgarian Energy Expert

Elenko Bozhkov, member of Bulgaria's State Commission for Energy and Water Regulation (DKEVR), has said that suppressing electricity prices is not likely to result in a sudden price spike in several years' time.

Business » Energy | July 2, 2013, Tuesday // 16:01

Bulgarian EconMin Reiterates Claims of Looming EC Fine

The European Commission has started nearly one year ago an infringement procedure against Bulgaria's energy sector breaches and fines are pending any time now, according to Economy and Energy Minister Dragomir Stoynev.

Business » Energy | July 2, 2013, Tuesday // 11:17

New Flights from Bulgaria’s Burgas to Southend Airport as of Summer 2014

Bulgaria’s tour operator Balkan Holidays will be launching flights from Southend Airport next year.

Business » Tourism | July 2, 2013, Tuesday // 13:59

Politics

Swoboda: Bulgarian Govt Must Distance Itself from Extremists

Hours before the European Parliament is to start debates on Bulgaria, the Chairman of the Group of the Progressive Alliance of Socialists and Democrats, Hannes Swoboda, called on the country's government to distinguish itself from the policies of the nati

Politics » Bulgaria in EU | July 2, 2013, Tuesday // 14:30

EP to Debate Tense Situation in Bulgaria

The European Parliament has decided Monday evening to hold a debate on the situation in Bulgaria.

Politics » Bulgaria in EU | July 2, 2013, Tuesday // 08:04

Thousands of Bulgarians Gather on 19th Day of Anti-Govt Protests

For a 19th day in a row, thousands of protesters have taken to the streets in Sofia, demanding the resignation of Bulgaria's socialist-led government.

Politics » Domestic | July 2, 2013, Tuesday // 21:11

Bulgaria's President Signs Decree on Promulgation of Energy Act Amendments

Bulgarian President Rosen Plevneliev has issued a decree for the promulgation of Energy Act amendments adopted by Parliament on June 28.

Politics » Domestic | July 2, 2013, Tuesday // 20:24

Bulgarian Nationalist Leader Seeks Official Stance of Chief Prosecutor on his MP Immunity

Volen Siderov, leader of nationalist party Ataka, has asked Chief Prosecutor Sotir Tsatsarov and Interior Minister Tsvetelin Yovchev to come up with an official response regarding the calls for stripping him of his parliamentary immunity.

Politics » Domestic | July 2, 2013, Tuesday // 18:11

Bulgaria's Health Fund Director Rules out Resignation Option

The Director of Bulgaria's National Health Insurance Fund, NZOK, Dr. Plamen Tsekov has no intention of resigning.

Politics » Domestic | July 2, 2013, Tuesday // 12:02

Fresh Rally against New Governor Staged in Blagoevgrad

Although smaller in size, the protest in front of the District Administration in Bulgaria's southwestern city of Blagoevgrad continued on Tuesday.

Politics » Domestic | July 2, 2013, Tuesday // 11:29

200 Bulgarians Gather for 'Morning Coffee' Protest

About 200 Bulgarians have gathered Tuesday morning in front of the Parliament building in downtown Sofia to protest against the country's Socialist-led government.

Politics » Domestic | July 2, 2013, Tuesday // 09:42

2nd Round Table on Election Code Overhaul Held in Bulgaria

Over 70% of the texts in the Election Code must be altered and rewritten, according to the Deputy Speaker of the Bulgarian Parliament, Maya Manolova.

Politics » Domestic | July 2, 2013, Tuesday // 09:07

Bulgarian Expats Stage Anti-Govt Rally in New York

Over sixty Bulgarians have gathered Monday before the United Nations headquarters in New York City to protest against the situation in their homeland.

Politics » Domestic | July 2, 2013, Tuesday // 08:32

Society

Roger Waters Will Sing with Bulgarian Children in Sofia

Roger Waters will sing with Bulgarian children at his concert "The Wall" in Sofia, Bulgaria.

Society » Culture | July 2, 2013, Tuesday // 14:38

Sofia Oncology Clinic Protests against 'Political' Reshuffles

Medical staff and employees of the Sofia Oncology Hospital are staging a protest rally for the second day in a row over the Health Ministry's decision to replace the clinic's Board of Directors.

Society » Health | July 2, 2013, Tuesday // 12:35

Bulgaria Ex Foreign Min Stoyan Ganev Dies of Cancer at 57

Stoyan Ganev, former Foreign Minister in the Cabinet of the Union of Democratic Forces headed by Prime Minister  Filip Dimitrov (1991- 1992), passed away on July 1 at the age of 57 in a Connecticut-based hospital where he had been treated for cancer.

Society » Obituaries | July 2, 2013, Tuesday // 20:50

Pierce Brosnan's Daughter Dies of Ovarian Cancer

Irish actor Pierce Brosnan said on Tuesday that his 41-year-old daughter Charlotte had died after losing her battle with ovarian cancer.

Society » Obituaries | July 2, 2013, Tuesday // 17:05

Sports

Bulgaria’s Pironkova Out of Wimbledon

Bulgaria's best female tennis player Tsvetana Pironkova has followed country fellow Grigor Dimitrov out of Wimbledon.

Sports | July 2, 2013, Tuesday // 13:35

Crime

Bulgarian Mother-of-Two Goes Home Fearing US Extradition

A Bulgarian mother of two will await at her home, not in prison a court ruling on whether to be handed over to US justice and face nearly 70 years in prison.

Crime | July 2, 2013, Tuesday // 16:35

Views on BG

Insolvent Borrowers Successfully Challenge Security Granted To Banks In Bulgaria

Banks in Bulgaria are seriously concerned with borrowers fraudulently manipulating their accountancy books with the effect that banks' security interests are declared invalid and banks are declassed into ordinary (unsecured) insolvency creditors.

Views on BG | July 2, 2013, Tuesday // 12:41

World

7 European Countries Turn Down Snowden

Seven European countries have rejected the asylum requests of fugitive intelligence leaker Edward Snowden, as he attempts to avoid extradition to the US.

World | July 2, 2013, Tuesday // 17:39

France's Marine Le Pen Stripped of MEP Immunity

The European Parliament has lifted the immunity of the French far-right leader and MEP Marine Le Pen, paving the way for her prosecution in France.

World | July 2, 2013, Tuesday // 15:43

Poland Denies Political Asylum to US Whistleblower

Poland has refused to grant political asylum to the former advisor to US Special Forces, Edward Snowden.

World | July 2, 2013, Tuesday // 12:53

Novinite Insider

Steve Hanke: Syria's Annual Inflation Hits 200%

In an attempt to beat Western sanctions and halt the fall in the Syrian pound, the Assad regime – with the help of Iran, Russia, and China – has begun conducting all of its business in rials, roubles, and renminbi.

Novinite Insider » Expert Voices | July 2, 2013, Tuesday // 11:37
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