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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 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 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 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 risks turning bank woes into 'gold mine' for blackmail - president
By Matthias Williams and Tsvetelia Tsolova SOFIA (Reuters) - Bulgaria's President Rosen Plevneliev urged lawmakers on Friday not to try to hush up the activities at troubled lender Corporate Commercial Bank (Corpbank) or risk opening themselves up to blackmail about their connections to it. Clients unnerved by reports of shady deals by Corpbank's main owner withdrew more than a fifth of deposits ...
Fri, 25 Jul 2014 08:39:35 -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'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 Issues Libya Travel Warning
Bulgaria on Monday warned its citizens against all travel to Libya due to escalating tensions in the North African country. In a statement, the Foreign Ministry in Sofia also strongly recommended Bulgarians currently in Libya to leave immediately. The travel warning has been prompted by the deterioration of the security situation in Libya and the unfavorable prospects for its development, the ...
Mon, 28 Jul 2014 05:21:54 -0700

Bulgaria's central bank governor says ready to resign
Bulgaria's central bank governor Ivan Iskrov said on Tuesday that he was ready to tender his resignation amid a raging controversy over the fate of the country's fourth-largest bank. "If parliament reaches consensus to vote on appointing a new BNB governor before it breaks up on August 6, I am ready to table my resignation immediately," Iskrov said in a letter to lawmakers. The governor of ten ...
Tue, 22 Jul 2014 12:15:37 -0700

Bulgaria's Socialist-led government resigns
SOFIA, Bulgaria (AP) — Bulgarian Prime Minister Plamen Oresharski has introduced in Parliament the resignation of his left-leaning government, a move that should ease political tensions in the European Union's poorest member state.
Wed, 23 Jul 2014 08:48:49 -0700

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