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Over 1 000 businessmen set up a Bulgarian Industrial Chamber electing its initiator, tycoon Hristo Kovachki, as its Chair. Photo by BIC
1 068 businessmen set up a Bulgarian Industrial Chamber (BIC) in Sofia Friday vowing to promote measures against the financial crisis effects.
The Bulgarian energy tycoon, Hristo Kovachki, who is also the informal leader of the centrist LIDER party, was elected Chair of the new organization.
Kovachki, who is the second richest Bulgarian according to the 2008 ranking of the Polish magazine Wprost, was also the Chair of the Initiative Committee for the founding of the new association.
"Bulgaria's problems in the economic sphere are growing, and amidst the global financial and economic crisis, the governing Bulgarian politicians are not undertaking any adequate measures. Our aim here is to become a large family in order to defend the interests of Bulgarian entrepreneurs. I am here as the representative of 30 000 employees", Kovachki said in his address to the founding assembly.
In his words, the Bulgarian businessmen had social responsibilities, and were in fact realizing what the politicians had promised.
"We have one goal - to make Bulgaria a better place to live in", the Chair of the new organization said.
After founding BIC, its members approved a package of anti-crisis measures which are yet to be presented before the media.
Today it will become clear which are candidates submitted bids for the construction of a gas pipeline between the Bulgarian-Turkish and the Bulgarian-Serbian border.
The world economy is facing the risk of a new financial crisis, warned German Finance Minister Wolfgang Schauble, quoted by the electronic edition Politico.
Protesting workers at the Babino pit, Bobov Dol mine, have been denied payment of salaries unless they sign an agreement with their employer, private NOVA TV station has announced.
Miners from Babino pit, at the Bobov Dol mines in Bulgaria, continue their protest action on Wednesday as their talks with the management and trade union have failed, the public broadcaster has said.
Nearly a hundred miners staged on Wednesday a blockade of the road linking Burgas and the resort town of Slanchev Bryag (Sunny Beach) by the Black Sea.
The sixth-biggest group in Bulgaria's Parliament dissolved itself on Friday after five of the MPs belonging to it submitted requests to leave it.
A recent study by the Association for Responsible Non-Banking Lending (AONK) shows that nearly a quarter of Bulgarians have used quick loans at least once in their lives. The findings were presented by the organization’s chairman, attorney Nikolay Tsvetko
Bulgaria’s state fuel reserves are sufficient to cover normal consumption for the next 90 days, but domestic fuel prices continue to climb amid the ongoing military conflict in the Middle East
Acting Prime Minister Andrey Gyurov highlighted the strategic importance of energy infrastructure for the European Union during a meeting in Paris with other European leaders, convened at the invitation of French President Emmanuel Macron.
Bulgaria is increasingly turning into a destination for motorists from neighboring countries seeking cheaper fuel, as turbulence on global oil markets linked to tensions in the Middle East continues to influence prices across the region.
The ongoing military conflict in the Middle East is expected to influence fuel prices in Bulgaria with a lag of approximately 7 to 14 days, potentially pushing inflation in the country up by around 0.6%, according to economist Assoc. Prof. Shteryo Nozharo
The Commission for the Protection of Competition (CPC) has highlighted a troubling disparity in Bulgaria’s dairy sector: consumers face some of the highest prices for dairy products in the European Union, while local producers and processors struggle to s
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