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Bulgaria c.bank asks for Corpbank rescue plans by end-August
(Adds detail) SOFIA, Aug 22 (Reuters) - Bulgaria's central bank has asked the two biggest shareholders of troubled Corporate Commercial Bank (Corpbank) to present plans for the bank's rescue by the end of this month. The central bank said it had sent letters to the two shareholders on Friday, adding their proposals should be in line with national and EU legislation. Bulgarian company Bromak ...
Fri, 22 Aug 2014 06:24:00 -0700

Bulgaria grapples with Mideast refugee surge
EU's poorest member state is struggling to cope with an influx of mostly war-weary Syrian refugees.
Wed, 20 Aug 2014 02:01:58 -0700

Bulgaria suspends South Stream
Bulgaria suspends work on the Russia-led South Stream project, a pipeline stretching across the Black Sea to southern and central Europe.
Tue, 19 Aug 2014 06:17:58 -0700

Depositors at troubled Corpbank protest across Bulgaria
Hundreds of angry depositors at Bulgaria's Corporate Commercial Bank (Corpbank) <6C9.BB> staged protests in Sofia and several other cities on Tuesday, demanding access to their accounts that have been frozen since the bank was shut down in June. Bulgaria's fourth-largest lender was hit by a run on deposits that led to the country's biggest banking crisis since the 1990s.
Tue, 19 Aug 2014 09:08:02 -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 suspends South Stream gas pipeline project
Bulgaria has again halted work on the Russia-led pipeline project South Stream. Bulgaria’s Minister of Economy and Energy, Vassil Shtonov, suspended work on the 930km-pipeline until it conforms to European Union law. South Stream will stretch across the Black Sea to southern and central Europe, providing another gas transit route for Russia’s Gazprom. But the...  [Read More...]
Tue, 19 Aug 2014 15:14:09 -0700

Bulgaria Tightens Control over Honorary Consuls
Honorary consuls of Bulgaria will be obliged to present reports on their activity to the Foreign Minister every four years. The measure is part of a change to an ordinance on honorary consuls which has been approved by the government. The amendment seeks to tighten control over the work of honorary consuls and monitor its efficiency. In the case of a failure to present a report on time or a ...
Wed, 20 Aug 2014 03:51:48 -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

Bulgaria may extend Turkish border fence to bar Syrian, Iraqi refugees
Bulgaria may extend the fence at its border with Turkey to stop more refugees from Syria and Iraq entering illegally, a top interior ministry official said on Wednesday, while the foreign minister warned of "terrorism imports" to the EU member state. The Balkan country is considering adding 130 km (80 miles) of barbed-wire fencing to an existing 33-km fence along the 240-km southeastern border ...
Wed, 20 Aug 2014 07:37:34 -0700

Bulgaria's 131km Border Fence Plan May Trigger Infringement Procedure
The 131km fence which Bulgaria plans to build at the Turkish border may lead to an infringement procedure against the country, according to Michail Ekimdzhiev. In a Wednesday interview for the Bulgarian National Radio, human rights lawyer Ekimdzhiev said that the statement of caretaker Prime Minister Georgi Bliznashki was inappropriate for any European politician. Ekimdzhiev insisted that it was ...
Wed, 20 Aug 2014 00:22:35 -0700

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