GDP growth in 2002 will fall short of government’s 4,5 percent target to two percent, the Economics Institute with the Bulgarian Academy of Science projected. The lack of new technologies and investments is to dampen economic growth.
The government will discuss Thursday the draft of a Bulgarian-German agreement that will make available grants amounting to some eight million euros. EUR 4 M will be available for lending to small companies, EUR 2 M for the construction of a second bridge
All 70,000 or so business registered for VAT reimbursement under Bulgarian law will be required to open a VAT account by end-July with the banks to manage their current accounts according to new regulations to be published in the State Gazette on Friday,
The Regional Development Ministry will apply for financing from EU pre-accession funds with projects for the construction of water treatment plants and for the renovation of water supply and sewerage infrastructure, Dnevnik Daily reported. Some BGN 5 BLN
Both leftist Bulgarian Socialist Party and rightist opposition Union of Democratic Forces (UDF) gave negative evaluation of the one-year governance of ruling Simeon II National Movement. “The politics conducted by the rulers is bad and dishonest,” rightis
The leaders of a group of 11 countries in the Black Sea region met at a summit in Istanbul to mark the tenth anniversary of the Black Sea Economic Cooperation (BSEC) foundation. Ahmet Sezer, the president of host nation Turkey, which initiated the foundin
The National Electricity Transmission Company (NEC) suggested that Turkey’s Ceylan Holding sell its shares in Gorna Arda Hydropower Company at face value plus 8% interest rate, Deputy Prime Minister and Regional Development Minister Kostadin Paskalev anno
Yugoslav President Vojislav Kostunica tried Tuesday to calm tensions over his sacking of the armed forces chief of staff, a former ally of Slobodan Milosevic closely associated with the 1999 Kosovo war. The president met top commanders to explain his reas
Threats by radical opposition leader Andrzej Lepper to paralyze Poland's roads in a protest against record unemployment and rural poverty failed Tuesday as police kept traffic on the move. Knots of activists from Lepper's Self-Defense Party tried to block
Environmentalists blocked the Mont Blanc tunnel between France and Italy, only hours after it was reopened to heavy goods vehicles. Thousands of protesters assembled on the French side of the tunnel shortly after dawn, forcing traffic to be re-directed to
Yasser Arafat has brushed off a call by US President George Bush for the Palestinians to find a new leader, saying it is up to the Palestinian people alone to choose. Insisting that he himself had been democratically elected, he pledged to pursue reforms
In 2025, the population of Bulgaria will be down to 5,5 million, a survey of the Demographic Institute with the Bulgarian Academy of Science shows. According to the institute if the demographic processes preserve the same trend, in 2050 only 3,5 million p
Hail with the size of an egg poured over downtown Sofia on Tuesday afternoon. Older citizens of the city commented that they did not recall a similar hailstorm from years.
Court has given guardianship rights to the mother of the brutally killed Bulgarian in Damask last month Rossitsa Zhelyazkova, in five days the children of Zhelyazkova will have to be given to their grandmother, Boris Stoychev from the Bulgarian Embassy in
Flowers will be laid on June 26 at the monument dedicated to the communism victims in front of the National Palace of Culture. That is how Bulgaria will mark the International Day in Support of Torture – June 26, 2002.
The Agency for small and medium-sized enterprises will open regional bureaux in 2003 in an effort to assist their projects on structural funds. Some EUR 30 M have been granted by the European Union for the development of small and medium-sized enterprises
Steve Forbes is not well informed on the International Monetary Fund (IMF) policy in Bulgaria, Piritta Sorsa, IMF Resident Representative, commented the statement of US publishing magnate Steve Forbes. During his visit in Sofia last week Steve Forbes expr
Bulgaria uses only fifty percent of the funds allotted by the European Union. “Our country has the right for funding amounting to four percent of GDP but uses only two percent,” Deputy Prime Minister and Regional Development Minister Kostadin Paskalev sai
Malaysian Prime Minister Mahathir Mohamad, the country's leader for the past 21 years, will step down late next year in favor of Deputy Prime Minister Abdullah Ahmad Badawi, his ruling party announced on Tuesday. Mahathir, 76, tearfully resigned on live t
NATO will provide more than EUR 17 M for converting four former military bases into business centers. A six-member delegation of the Alliance is currently studying the proposals of the local authorities.
The Black Sea Economic Cooperation Organization has obtained a merited position in the region and is well accepted internationally, Bulgaria’s President Parvanov stated in his speech to the high-ranking delegates in the 10th meeting of heads of government
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
