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Bulgaria may let Corpbank depositors get partial access to accounts
Depositors at Bulgaria's Corporate Commercial Bank (Corpbank) <6C9.BB> may get partial access to their funds at the troubled bank in September, Interim Finance Minister Rumen Porozhanov said on Friday. "We debated issues of partial access to deposits as of next month," Porozhanov told the local channel bTV after meeting with European Commission's delegation in Sofia. Bulgaria's fourth-largest ...
Fri, 29 Aug 2014 01:35:23 -0700

Bulgaria's Outlook 2020 Officially Approved
The working paper called Outlook 2020: Bulgaria and NATO in European Defense has been unanimously approved at Monday's Council of Ministers session, the ministerial press office says. In a statement sent to the media, the office adds that the Outlook will be put forward for a public debate in the coming days. Caretaker Defense Minister Velizar Shalamanov earlier explained a number of military ...
Mon, 01 Sep 2014 06:02:04 -0700

Bulgaria's Public Debt Sees Significant Increase in July
Bulgaria's public debt at the end of July 2014 amounted to EUR 9.4242B, according to data revealed by the Ministry of Finance. In just a month, Bulgarian government debt has increased by almost EUR 1.31B. The main reason for the growth is the issuance of eurobonds at the international capital markets, the Financial Ministry report showed. The internal debt in July amounted to EUR 3.9253B which ...
Mon, 01 Sep 2014 04:16:55 -0700

Bulgaria's Agriculture Ministry Receives Applications for Aid for Russian Food Embargo
Bulgaria's Agriculture Ministry has announced it is receiving applications for aid to compensate the damage caused by the Russian import ban. The total budget of the aid scheme for all EU Member States amounts to EUR 125 M, and an additional EUR 30 M for peaches and nectarines. Farmers may file applications for tomatoes, carrots, cabbage, peppers, cauliflower, cucumbers, gherkins, mushrooms ...
Mon, 01 Sep 2014 00:31:55 -0700

Bulgaria Has Failed to Solve Many Problems Identified Prior to EU Accession – British MEP
Bulgaria has failed to cope with many of the problems identified 7 years ago, according to Geoffrey Van Orden, former Rapporteur for the country in the European Parliament. “Although there has been some progress of the Bulgarian economy and the situation has obviously improved, some of these key problems have not been solved yet. I mean problems with organized crime, the judiciary, and ...
Sun, 31 Aug 2014 07:02:03 -0700

IT outsourcing boom boosts struggling Bulgaria
Excellent IT and language skills have helped Bulgaria's outsourcing sector boom, raising hopes that it could prop up the badly stagnating economy of the EU's poorest country. Growth in the sector has rocketed at up to 25 percent annually in recent years, helping Bulgaria's economy to rebound to growth of 0.9 percent in 2013 after shrinking 5.0 percent in 2009. The 22,000 people employed in ...
Sat, 09 Aug 2014 21:30:11 -0700

Bulgaria's Outlook 2020 to Be Discussed Monday
The government's Security Council is to discuss a controversial report of the Bulgarian Defense Ministry outlining the upcoming reforms in the sector. The document, called Outlook 2020: Bulgaria and NATO in European Defense, had to be overhauled as it contained the notion of "an informational war" with Russia in which it said Bulgaria is involved . Interim Prime Minister Georgi Bliznashki ...
Mon, 01 Sep 2014 01:47:07 -0700

Temenuzhka Yankova Appointed Deputy Chief of Bulgaria's Revenue Agency
Temenuzhka Yankova has been appointed Deputy Executive Director of Bulgaria's National Revenue Agency (NRA) through an order of caretaker Finance Minister Rumen Porozhanov. She has been nominated by the NRA Executive Director Boyko Atanasov and she will be in charge of Tax and Social Security Methodology and Tax and Social Security Practice, according to a media statement of the Finance Ministry ...
Mon, 01 Sep 2014 04:02:30 -0700

Haqqani: Is It Worth for Azerbaijan to Take a Risk over Bulgaria?
Gas flow from Azerbaijan to Bulgaria has never been more feasible economically, but is hardly plausible from a political perspective, an Azeri think-tank believes. These comments are part of an article posted on the website Haqqani.az , run by a prominent human rights organization. Haqqin.az starts by reminding it "has already told of the history of visits to Baku by East European countries ...
Mon, 01 Sep 2014 10:46:58 -0700

Bulgaria's interim PM promises to restore public trust
By Angel Krasimirov SOFIA (Reuters) - Bulgaria's newly appointed Prime Minister Georgi Bliznashki promised on Wednesday to restore public trust in political institutions in the short time that his caretaker government is in office. A law professor and former Socialist party lawmaker, Bliznashki was named on Tuesday to head an interim government until the Balkan state holds a snap election on Oct ...
Wed, 06 Aug 2014 08:06:47 -0700


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