ARCHIVE - 26 June 2012

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Business

Mass Layoffs in Bulgaria's Railway Freight Co, Syndicate Alarms
Bulgaria's BDZ Freight Services Attracting Investor Interest, Govt Says
Franchising Business Booming in Bulgaria, Survey Finds
Romania-Bulgaria-Turkey Road Company Set for Fall 2012
Greek Company Registers Workers in Bulgaria to Cut Labor Costs
Turkcell Undecided about Bidding for Bulgaria's Globul
Bulgarian Organizations to Launch Employer Rating System
Bulgarian IT Industry's Revenues Down, Jobs Up in 2011
Bulgaria's Budget Balance Turns Positive in Jan-May 2012
Turkey, Azerbaijan Ink TANAP Gas Pipe Deal
TANAP Won't Hinder Nabucco Pipeline, Spokesman Says
Bulgarian Overgas to Start 2nd Stage of Drilling at Provadia Exploration Block
Sofia Heating Utility Might Freeze over Massive Debt
Litex, Great Wall Motors Start 'Made in Bulgaria' Advertising Campaign

Politics

Bulgaria PM: Wonderful Black Sea Region Suffers from Bilateral Frictions
FM: Bulgaria Fully Behind Montenegro EU Accession
Barroso: Economic Integration Could Necessitate EU Treaty Revision
President: Bulgaria Should Sort Its Own Election Problems
Bulgarian PM Borisov Poses as Tender, Artsy Sexist
Bulgarian GERB MP Probed for 'Forestry Act Lobbyism'

Society

Skewed Reporting of Protests by Bulgarian Media Declared Wrong
Tree Falls on Cafe, Blocks Traffic in Bulgarian Capital
Bulgaria Ups Hwy Speed Limit to 140 Km/H
Light Earthquake Registered in Bulgaria's Pernik Region
Code Yellow Declared for NE Bulgaria for Thunder, Hail
Bulgarian Mothers Rebel against Karl Marx Monument in Key University

Crime

Bulgarian Migrants Beef Up Prostitutes' Numbers in Norway
Bulgarian-Canadian Mobster Sentenced in Las Vegas
Namesake Wrongly Tangled in Bulgarian Armored Truck Theft
Scotsman Faces Life without Parole for Bulgarian Boy Murder

Views on BG

Clifton High's Top Students Speak of Aiming High, Overcoming Obstacles
Bulgarian Crime Cell Leader Sentenced in Fraud Scheme
Bulgarian Gardev Directs Hollywood Special-effects Theseus*

World

Economics Professor Appointed Finance Minister of Greece
Turkey's PM Erdogan Lashes Out against Syria over Jet Downing
NATO Throws Weight Behind Turkey over Syria Jet Downing
Turkey Warns Syria's Downing of Its F-4 Jet Threatens Peace
Moody's Cuts Ratings on 28 Spanish Banks

Business

Mass Layoffs in Bulgaria's Railway Freight Co, Syndicate Alarms

Over 200 people have been laid off in the last few days from BDZ Freight Services, the still state-owned department of the Bulgarian State Railways, a syndicate leader has alarmed.

Business | June 26, 2012, Tuesday // 18:38

Bulgaria's BDZ Freight Services Attracting Investor Interest, Govt Says

Bulgaria's Privatization and Post-Privatization Control Agency (PPCA) has confirmed investor interest in the upcoming sale of the Freight Services unit of the Bulgarian State Railways (BDZ) company.

Business | June 26, 2012, Tuesday // 16:33

Franchising Business Booming in Bulgaria, Survey Finds

Franchising has been growing by more than 20% annually for five years in a row, according to a survey by Franchising.

Business | June 26, 2012, Tuesday // 15:47

Romania-Bulgaria-Turkey Road Company Set for Fall 2012

The project company for the construction of the Svilengrad-Ruse high-speed road is to become operational in October.

Business | June 26, 2012, Tuesday // 15:14

Greek Company Registers Workers in Bulgaria to Cut Labor Costs

A Greek company is offering its employees fictitious registration in Bulgaria to pay them lower salaries.

Business | June 26, 2012, Tuesday // 14:19

Turkcell Undecided about Bidding for Bulgaria's Globul

Turkcell Iletisim Hizmetleri AS (TCELL), Turkey's largest mobile-phone company, said it has made no decision on bidding for Globul, the Bulgarian mobile-phone unit of Athens-based Hellenic Telecommunications Organization SA.

Business | June 26, 2012, Tuesday // 13:31

Bulgarian Organizations to Launch Employer Rating System

The Bulgarian Industrial Association (BIA) and the Confederation of Independent Trade Unions in Bulgaria (CITUB) have joined efforts to create a rating system for employers in Bulgaria, according to a media statement of BIA's press office issued after a j

Business | June 26, 2012, Tuesday // 13:09

Bulgarian IT Industry's Revenues Down, Jobs Up in 2011

Bulgaria's IT industry declined for a third consecutive year in 2011, according to preliminary data from a report of Bulgarian consultancy CBN - Pannoff, Stoytcheff & Co.

Business | June 26, 2012, Tuesday // 12:53

Bulgaria's Budget Balance Turns Positive in Jan-May 2012

Bulgaria's state budget has come to a positive balance for the first five months of 2012, after May became the second month in a row to register monthly budget surplus, the Bulgarian Finance Ministry announced Tuesday.

Business » Finance | June 26, 2012, Tuesday // 11:44

Turkey, Azerbaijan Ink TANAP Gas Pipe Deal

Neighbors Turkey and Azerbaijan have signed a contract for the construction of the Trans-Anatolian gas pipeline (TANAP), set to deliver Azeri gas on to Europe.

Business » Energy | June 26, 2012, Tuesday // 20:33

TANAP Won't Hinder Nabucco Pipeline, Spokesman Says

The project of Turkey and Azerbaijan for a natural gas pipeline TANAP (Trans Anatolian Pipeline) will not hurt the prospects for the Nabucco project, according to a Nabucco GmbH spokesperson.

Business » Energy | June 26, 2012, Tuesday // 18:12

Bulgarian Overgas to Start 2nd Stage of Drilling at Provadia Exploration Block

Gazprom-controlled Bulgarian gas company Overgas is commencing the second stage of conventional oil and gas exploration in the Provadia block onshore in eastern Bulgaria in the beginning of July, according to the firm's press office.

Business » Energy | June 26, 2012, Tuesday // 17:55

Sofia Heating Utility Might Freeze over Massive Debt

Bulgarian state gas company Bulgargaz is ready to stop deliveries to Sofia Heating Utility starting July, if the utility fails to start servicing its massive overdue debts.

Business » Energy | June 26, 2012, Tuesday // 16:10

Litex, Great Wall Motors Start 'Made in Bulgaria' Advertising Campaign

The first Chinese car of the Great Wall Voleex C10 model to be produced in Bulgaria is setting the start of a new advertising campaign, announced Litex Motors, the Bulgarian partner of the Chinese producer Great Wall Motors.

Business » Industry | June 26, 2012, Tuesday // 17:55

Politics

Bulgaria PM: Wonderful Black Sea Region Suffers from Bilateral Frictions

"The Black Sea region is wonderful, but its development is stalled by a string of bilateral or trilateral problems between specific countries," stated Bulgarian PM Boyko Borisov.

Politics » Diplomacy | June 26, 2012, Tuesday // 20:53

FM: Bulgaria Fully Behind Montenegro EU Accession

Bulgaria warmly welcoms the start of accession talks between the EU and Montenegro, stated Bulgarian Minister of Foreign Affairs Nikolay Mladenov.

Politics » Bulgaria in EU | June 26, 2012, Tuesday // 16:55

Barroso: Economic Integration Could Necessitate EU Treaty Revision

Steps taken to create a stronger economic and fiscal union in the EU might at a later stage necessitate revisions in the EU Treaties, said European Commission President Jose Manuel Barroso.

Politics » Bulgaria in EU | June 26, 2012, Tuesday // 15:40

President: Bulgaria Should Sort Its Own Election Problems

Bulgarian President Rosen Plevneliev has said that Bulgarians should not look to Brussels to solve problems with the election process in their country.

Politics » Domestic | June 26, 2012, Tuesday // 18:52

Bulgarian PM Borisov Poses as Tender, Artsy Sexist

New Bulgarian lifestyle magazine Love Style has come out this week with a material shedding valuable light on the intimate life of macho Bulgarian PM Boyko Borisov.

Politics » Domestic | June 26, 2012, Tuesday // 14:53

Bulgarian GERB MP Probed for 'Forestry Act Lobbyism'

Emil Dimitrov, Member of the Parliament from Bulgaria's ruling party GERB, is being probed by the Parliamentary Committee on Conflict of Interests.

Politics » Domestic | June 26, 2012, Tuesday // 10:38

Society

Skewed Reporting of Protests by Bulgarian Media Declared Wrong

Buglaria's Council for Electronic Media has criticized biased media coverage aiming to downplay the size and significance of recent rallies against the country's new Forestry Act.

Society | June 26, 2012, Tuesday // 19:54

Tree Falls on Cafe, Blocks Traffic in Bulgarian Capital

A poplar tree collapsed onto the tables of a cafe in Bulgarian capital Sofia and blocked traffic on the central Bacho Kiro Str.

Society | June 26, 2012, Tuesday // 15:13

Bulgaria Ups Hwy Speed Limit to 140 Km/H

The maximum speed limit on Bulgarian highways went up to 140 km/h at midnight Tuesday, but it is effective only for sections with the most modern pavement.

Society | June 26, 2012, Tuesday // 10:00

Light Earthquake Registered in Bulgaria's Pernik Region

A new earthquake with a magnitude of 2.5 points on the Richter scale has been registered in western Bulgaria, in the area of the city of Pernik, Monday evening.

Society » Environment | June 26, 2012, Tuesday // 09:35

Code Yellow Declared for NE Bulgaria for Thunder, Hail

Eight Bulgarian regions are under code yellow for severe weather Tuesday, the National Institute for Meteorology and Hydrology at the Bulgarian Academy of Sciences (BAS) reminds.

Society » Environment | June 26, 2012, Tuesday // 09:17

Bulgarian Mothers Rebel against Karl Marx Monument in Key University

A NGO of Bulgarian mothers has declared itself against the existence of a monument of German economist and philosopher Karl Marx (1818-1883) on the campus of the University of National and World Economy in Sofia.

Society » Education | June 26, 2012, Tuesday // 12:37

Crime

Bulgarian Migrants Beef Up Prostitutes' Numbers in Norway

The number of prostitutes in Norway has increased substantially, largely thanks to immigrants from Bulgaria, Romania, and Thailand, a report says.

Crime | June 26, 2012, Tuesday // 17:28

Bulgarian-Canadian Mobster Sentenced in Las Vegas

The leader of a Bulgarian crime cell that defrauded Las Vegas Valley car dealers out of hundreds of thousands of dollars was sentenced Monday to 82 months in federal prison.

Crime | June 26, 2012, Tuesday // 13:38

Namesake Wrongly Tangled in Bulgarian Armored Truck Theft

Georgi Enev, a man with the exact same name as the Bulgarian driver of the armored bank car transporting cash, who disappeared with a total of BGN 1.6 M, firmly denies any involvement in the crime.

Crime | June 26, 2012, Tuesday // 11:32

Scotsman Faces Life without Parole for Bulgarian Boy Murder

The Prosecutor in the case against 71-year-old Scotsman, David Bell Bryson, who is suspected of the murder of an 11-old-boy in Northwestern Bulgaria, is going to ask for life without parole.

Crime | June 26, 2012, Tuesday // 08:09

Views on BG

Clifton High's Top Students Speak of Aiming High, Overcoming Obstacles

From NorthJersey.

Views on BG | June 26, 2012, Tuesday // 14:01

Bulgarian Crime Cell Leader Sentenced in Fraud Scheme

From The Las Vegas Review-Journal

Views on BG | June 26, 2012, Tuesday // 13:36

Bulgarian Gardev Directs Hollywood Special-effects Theseus*

Bulgarian director Javor Gardev (Zift) will helm Theseus, a special effects-heavy take on the Greek myth of the minotaur monster and the hero who defeated it, for Kalliope Films.

Views on BG | June 26, 2012, Tuesday // 08:51

World

Economics Professor Appointed Finance Minister of Greece

Greek Prime Minister Antonis Samaras on Tuesday appointed Yannis Stournaras, a prominent economist and former government adviser, as the country's new finance minister.

World | June 26, 2012, Tuesday // 18:21

Turkey's PM Erdogan Lashes Out against Syria over Jet Downing

Turkish Prime Minister Recep Tayyip Erdogan criticized Syria harshly on Tuesday for shooting down a Turkish fighter jet last week.

World | June 26, 2012, Tuesday // 14:09

NATO Throws Weight Behind Turkey over Syria Jet Downing

NATO member states have condemned Syria for its shooting down of a Turkish military jet, calling it "unacceptable" and demanding that Damascus take steps to prevent further incidents.

World | June 26, 2012, Tuesday // 13:59

Turkey Warns Syria's Downing of Its F-4 Jet Threatens Peace

Turkey has warned the UN Security Council that Syria's downing of a Turkish military jet represents a "serious threat" to regional security.

World | June 26, 2012, Tuesday // 12:19

Moody's Cuts Ratings on 28 Spanish Banks

Moody's Investor Service on Monday cut its credit ratings on 28 Spanish banks, only a few hours after Madrid officially asked the EU for a bailout for its troubled banking sector.

World | June 26, 2012, Tuesday // 12:10
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