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EU calls on Bulgaria to allow access to deposits at Corpbank
The European Union's banking watchdog urged Bulgaria on Monday to give depositors access to guaranteed funds at troubled Corporate Commercial Bank (Corpbank) group <6C9.BB> from Oct. 21, saying current restrictions were in breach of EU rules. The European Banking Authority (EBA) opened an investigation last month into Bulgaria's central bank and its Deposit Insurance Fund to assess whether they ...
Mon, 20 Oct 2014 11:15:20 -0700

Bulgaria rejects Russian accusation of betrayal over warplanes
SOFIA (Reuters) - Bulgaria on Wednesday rejected Russian accusations that it was betraying its former Soviet-era ally by considering replacing its ageing Russian warplanes with ones built in the West. In a Twitter post commenting on reports that Bulgaria was contemplating buying secondhand jets such as Eurofighters from Italy or F-16s from Portugal to replace its current fleet, Russian Deputy ...
Wed, 08 Oct 2014 09:10:45 -0700

Bulgaria election winner ready to form minority government
By Tsvetelia Tsolova and Matthias Williams SOFIA (Reuters) - The winner of Bulgaria's general election said on Monday it was ready to form a minority government with the support of other parties, after a fractured result that threatens more instability in the Balkan country. Led by a former bodyguard and karate expert, the centre-right GERB party won around a third of the vote but is likely to ...
Mon, 06 Oct 2014 04:58:10 -0700

Eastern Europe Shivers Thinking About Winter Without Gas
As winter approaches, former Soviet satellite nations from Poland to Bulgaria are watching Russia and Ukraine's stalled gas negotiations with growing trepidation. The lack of discernible progress is sending a collective shiver down the spine of Eastern Europe, which retains vivid memories of Russian energy cuts during unusually cold winters in 2006 and 2009. "Parts of eastern Europe are still ...
Fri, 24 Oct 2014 04:48:27 -0700

Ludogorets put Bulgaria on the Champions League map
Sofia (AFP) - Ludogorets Razgrad were the pride of Bulgaria Wednesday when their last-gasp 1-0 win over 10-man Basel secured a Bulgarian team their first-ever Champions League group phase points.
Wed, 22 Oct 2014 15:16:45 -0700

Bulgaria's center-right GERB party wins election
SOFIA, Bulgaria (AP) — Former Bulgarian Prime Minister Boyko Borisov is returning to power after his center-right GERB party won most seats in parliamentary elections but fell short of a majority to govern alone.
Mon, 06 Oct 2014 05:09:17 -0700

Polls: Bulgaria's center-right party leading vote
SOFIA, Bulgaria (AP) — Former Prime Minister Boyko Borisov said Sunday he was prepared to take "all risks" to form a government after exit polls indicated his party had finished far ahead of its rivals but well short of a majority in parliamentary elections.
Sun, 05 Oct 2014 13:01:49 -0700

Rightist party set to win Bulgaria's 'last chance' election
By Tsvetelia Tsolova and Matthias Williams SOFIA (Reuters) - The center-right GERB party looked set to win Bulgaria's "last-chance" snap general election on Sunday but will fall short of a majority, a result that could mean another shaky coalition struggling to solve a bank crisis and revive growth. GERB's leader, a former bodyguard and karate expert, warned it would be difficult to form a ...
Sun, 05 Oct 2014 14:36:33 -0700

Bulgaria election frontrunner open to talks with other parties
By Tsvetelia Tsolova SOFIA (Reuters) - The frontrunner in Bulgaria's October election said on Thursday he was ready to hold talks with other parties after the vote, including to discuss securing cross-party support for legislation to ensure political stability. Boiko Borisov, the leader of the centre-right GERB party, is tipped to win the Oct. 5 poll, but may fall short of a majority, which ...
Mon, 29 Sep 2014 06:01:50 -0700

Fitch: Bulgaria Deficit Increase Weakens a Key Rating Strength
LONDON, October 07 Bulgaria's proposed budget revisions highlight how the summer's bank runs, a slowing economy and over-spending are weakening its public finances, Fitch Ratings says. Low debt and contained ...
Tue, 07 Oct 2014 05:30:13 -0700


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