Elenite Residents Allowed Back Home as Authorities Continue Flood Inspections
Property owners in the Elenite resort complex are being allowed to return to their homes after last week’s severe flooding
Photo: bg.wikipedia.org
A petition against wolfram production in the southern Bulgarian region of Velingrad signed by 11 000 people was submitted to the local Municipal Council, with the signatories insisting that the local authorities stop the opening of the mine.
The petition was initiated by a civic association established for the purpose of preserving the environment in the Velingrad municipality and preventing mining operations there, according to reports of the Bulgarian National Radio.
The citizens’ initiative is backed by hotel operators in the resort.
According to locals, wolfram mining will tarnish the reputation of the region as a SPA capital on the Balkans.
According to BNR, local authorities are firmly against a private investor launching wolfram production in the region despite the positive Environmental Impact Assessment (EIA) report.
However, the people living in the villages around Velingrad want the mine to start functioning in a bid to tackle the devastating level of unemployment in the region of over 90%.
Tourism representatives have threatened civil disobedience and road blocks if the mine starts functioning.
Nearly 60% of the pork available on the Bulgarian market comes from domestic producers
Financial expert Max Baklayan has warned that the main risk in Bulgaria’s transition to the euro is not the exchange rate, but the increased likelihood of counterfeit currency
On the occasion of International Migrants’ Day on December 18, migrant business owners in Sofia released a Manifesto of Foreign Entrepreneurs in Bulgaria
The Governing Council of the Bulgarian National Bank (BNB) has granted preliminary approval to Bulgarian-American Credit Bank AD (BACB) to acquire a controlling stake in Tokuda Bank EAD
Economist Dimitar Chobanov has warned that the current policies are pushing Bulgaria’s budget toward a structural deficit that is already becoming apparent
Bulgaria’s banking system will undergo a brief technical shutdown on New Year’s Eve
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence