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Bulgaria's Socialists pick new leader as election looms
By Angel Krasimirov SOFIA (Reuters) - Bulgaria's scandal-tainted Socialist Party (BSP) picked a new leader on Sunday with the task of winning back disaffected voters before an early parliamentary election set for October 5 in the European Union's poorest member state. The new chairman, Mihail Mikov, was the speaker of Bulgaria's parliament during the outgoing Socialist-led coalition, which ...
Sun, 27 Jul 2014 12:40:44 -0700

Bulgaria's New MEPs to Stress Refugee Issues, Eurozone Accession
Bulgaria's new MEPs have cited eurozone and Schengen accession, the refugee influx, and the abolition of the progress reports of the European Commission as key priorities. The MEPs gave a press conference Monday at the European Parliament Information Office in Bulgaria to present their agendas in the new European Parliament. The meeting was not attended by all of Bulgaria's newly elected MEPs ...
Mon, 28 Jul 2014 06:36:46 -0700

Bulgaria Evacuates Embassy Staff From Libya
Bulgaria has evacuated all staff from its embassy in Tripoli due to the continued deterioration of the security situation in Libya. In a statement, the Foreign Ministry in Sofia said on Tuesday that Bulgarian citizens in Libya who might need urgent assistance could contact the EU delegation in Tripoli as well as the diplomatic missions of Malta, France, Hungary, Italy and Romania. On Monday ...
Wed, 30 Jul 2014 00:06:24 -0700

Bulgaria calls for more NATO troops in southeastern Europe
Bulgaria called for more NATO troops in southeastern Europe and the Black Sea, as well as more joint military exercises, to improve security in the region after Russia's annexation of Ukraine's Crimea. An ex-communist state on the Black Sea, Bulgaria was a close Cold War ally of Moscow but joined NATO in 2004 and the European Union three years later.
Tue, 22 Jul 2014 12:03:06 -0700

Bulgaria's fence to stop migrants on Turkey border nears completion
By Stoyan Nenov GOLIAM DERVENT Bulgaria (Reuters) - Bulgaria has largely completed the construction of a 33-km (21-mile) barbed wire fence at the border with its southeastern neighbor Turkey as it tries to cope with asylum seekers, its defense minister said on Thursday. The aim is to transfer such attempts to the border check points as it is done in every other country," Defense Minister Angel ...
Thu, 17 Jul 2014 09:25:47 -0700

Bulgaria PM resigns ahead of snap polls to end crisis
Bulgaria's Socialists-backed Prime Minister Plamen Oresharski handed in the resignation of his cabinet Wednesday ahead of snap elections that will seek to end months of political turmoil in the European Union's poorest country. "The resignation of the cabinet of Prime Minister Plamen Oresharski was tabled in parliament at 5:59 pm (0259 GMT) Wednesday," the parliamentary press office said in a ...
Wed, 23 Jul 2014 10:55:37 -0700

Bulgaria central bank starts talks about European supervision
Bulgaria's central bank has begun talks with the European Banking Authority about conducting a review of the quality of its banking supervision, it said in a statement on Tuesday, following runs on two lenders in June. The Bulgarian National Bank has also been in touch with the European Central Bank about joining the European Single Supervisory Mechanism (SSM), the statement said. Bulgaria would ...
Tue, 15 Jul 2014 04:25:40 -0700

Bulgaria asks ECB to supervise its banks
Bulgaria will seek European supervision for its banks, President Rosen Plevneliev said on Monday after the country's fourth biggest lender was caught up in a financial scandal. Bulgaria would be the first country outside the 18-nation euro zone to join the European Single Supervisory Mechanism, set up in response to the global financial and euro zone debt crises. Plevneliev said Bulgaria's ...
Mon, 14 Jul 2014 10:40:22 -0700

Bulgaria's prime minister resigns with bank crisis unresolved
By Tsvetelia Tsolova and Angel Krasimirov SOFIA (Reuters) - Bulgaria's Prime Minister Plamen Oresharski stood down on Wednesday, leaving his successor to sort out the Balkan state's worst banking crisis since the 1990s with the fate of its fourth largest lender undecided. Oresharski, in power for just over a year, had flagged his departure after the ruling Socialists' poor showing in May's ...
Wed, 23 Jul 2014 10:25:49 -0700

Bulgaria heads for prison law on rumours after bank panic
Bulgaria moved on Wednesday to change its penal code to allow prison sentences for anyone who sparks a bank run like the one it suffered last month. The changes, passed by parliament, call for prison sentences of between two and five years for anyone who spreads "misleading or wrong information about a financial institution that might stir panic and fear in the population." Wednesday's move ...
Tue, 15 Jul 2014 17:30:50 -0700

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