Borislav Mihaylov, Executive Director of the State Insurance Institute, resigned on December 14. He said this is a personal, not a political decision.
Parliament approved the budgets of the Bulgarian National Radio and Bulgarian National Television - 31, 888, 000 and 40, 826,000 respectively – during its session on December 14. The MPs voted for a distribution system of the income tax – 50% will go to
A federal judge ordered on December 13 Zacarias Moussaoui, the only person charged in direct connection with the September 11 attacks, transferred to Virginia for trial.
Roumen Ovcharov, Deputy chairman of the Bulgarian Socialist Party (BSP), said that even if he is not elected leader of the party he will not “seek political realization” outside it. He pointed out that the candidatures for Georgi Parvanov’s successor have
Associated Press By DAVID McHUGH
The Supreme Administrative Court decision of December 5 to overturn the Cabinet’s decree for a 10% rise in electricity and heating price was promulgated in the “State Gazette” on December 14.
The Cabinet will propose to Parliament to sanction the participation of a security unit of 150 servicemen of the Bulgarian army in the Stabilizing Force /SFOR/ deployed in Bosnia and Herzegovina under NATO command within the UN peacekeeping mandate, Pari
Parliament approved National Budget 2002 Act on December 4.
Six Palestinians died in the morning of December 14 in clashes as Israeli forces moved into three West Bank towns. Israel says the attacks are part of its campaign against what it considers to be terror targets in the Palestinian territories.
EADS European Aeronautics Defence and Space Co is one of five companies interested in bidding for a tender to modernise Bulgaria's fleet of 20 MiG-29 Soviet-built jets. EADS Sales Director Ingo Behrmann said the contract; due to be awarded at the start of
Osama bin Laden is believed to be surrounded by opposition and U.S.
The US Ambassador to Bulgaria Richard Miles thanked with a letter for the ceremony in the Sofia capital, commemorating the memory of the victims from the September 11 terrorism attacks. “ I reported about the ceremony in Washington and I can assure you th
The investment of the Greek company OTE in the second Bulgarian GSM operator Globul won the competition “Deal of the Year” of the Bulgarian National Television. At the tender in December last year OTE offered USD 135 M for the license of the GSM.
"The Bulgarian Government believes that a reasonable and consistent dialogue should be conducted with the social partner and, therefore, will not adopt an increase in electricity and heat power prices but will discuss these prices yet again with the socia
The Standard & Poor's rating agency confirmed Sofia's credit rating, the Sofia Municipal Council announced. Sofia's local currency long-term rating is BB (stable), and the foreign currency long-term rating of unsecured debt is BB- (stable).
The business plan for Balkan Airlines, which is part of the flag carrier's rehabilitation program, projects USD 1 M profit by the end of the first year, Commercial Director Hristo Todorov announced.
The Cabinet suggested that it acquire overdue debt foreign states owe to state-owned Bulgarian foreign trade and engineering companies. According to Krassimir Katev, Deputy Finance Minister, this will prevent speculative bids in the privatization of thes
Bulgarian exporters of lamb are to press for amendments to the Economy Ministry regulations for the annual distribution of a 7,000 –ton quota for sales to the European Union. The initiative was prompted by changes in the export capacity.
Neftochim, Bulgaria’s biggest oil refinery announced on December 13 it will cut wholesale fuel prices by three and five percent on average as of December 14. The fall was prompted by the low crude oil prices on world markets.
Bulgaria’s economic outlook remains encouraging, with robust growth and low inflation, according to a Deutsche Bank market research report, quoted by Dnevnik Daily. Though the current account deficit is widening Bulgaria’s external financial positions rem
Economic cooperation between Bulgaria and Germany was the focus of talks between Bulgarian Prime Minister Simeon Saxe-Coburg and German Chancellor Gerhard Schroeder in Berlin. Schroeder said economic contacts could concentrate in three areas: modernizatio
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
