Bulgarian Business Club Newspaper

Business

Sofia Airport’s Terminal 2 Celebrates 5 Millionth Handled Baggage

Sofia Airport’s Terminal 2 Celebrates 5 Millionth Handled Baggage »

Bulgaria’s Sofia Airport has handled the 5 millionth baggage of a departing passenger from its Terminal 2. The airport’s EDS baggage handling system checked the 5 millionth baggage of a departing passenger from Terminal 2...

December 6 2011 / No comment / Read More »
Bulgaria’s GDP Up by 1.6% Q3 2011 Y/Y

Bulgaria’s GDP Up by 1.6% Q3 2011 Y/Y »

Bulgaria’s Gross Domestic Product at current prices reached a little over BGN 21 M in the third quarter of 2011, according to the country’s National Statistical Institute. According to the institute’s seasonally adjusted data, the...

December 6 2011 / No comment / Read More »
Negotiations Resume on Day 13 of Bulgaria’s Railways Strike

Negotiations Resume on Day 13 of Bulgaria’s Railways Strike »

Negotiations on bringing an end to the workers strike at the troubled State-owned Railway Company BDZ Holding are resuming Tuesday as the strike entered its 13th day. Passenger and freight trains will be, once again,...

December 6 2011 / No comment / Read More »

Bulgaria-EU

Poland Favors EU Treaty Change to Rescue Eurozone »

Poland Favors EU Treaty Change to Rescue Eurozone

The Polish EU Presidency has stated Tuesday it backs the initiative of German Chancellor Angela Merkel and French President Nicolas Sarkozy to forge new...

Dec 6 2011 / No comment / Read More »

Bulgarian PM Proposes Bonuses for EU’s Fiscally Disciplined »

Bulgarian PM Proposes Bonuses for EU’s Fiscally Disciplined

The EU member states showing a better fiscal discipline should be motivated with bonuses, Bulgarian Prime Minister Boyko Borisov proposed during a meeting with...

Dec 6 2011 / No comment / Read More »

Denmark Throws Weight behind Bulgaria, Romania Schengen Entry »

Denmark Throws Weight behind Bulgaria, Romania Schengen Entry

Denmark firmly supports Bulgaria and Romania‘s Schengen bids and hopes that the two countries would join the agreement during its EU presidency, Danish PM...

Dec 6 2011 / No comment / Read More »

Crisis Stems Outflow of Bulgarian Migrant Workers toward EU »

Crisis Stems Outflow of Bulgarian Migrant Workers toward EU

The fact that some EU countries still impose restrictions on access to their labor market for Bulgarian citizens means only one thing: that these...

Dec 6 2011 / No comment / Read More »

Bulgaria Feels Cheated as EU ‘Punishes’ It for Its Fiscal Prowess »

Bulgaria Feels Cheated as EU ‘Punishes’ It for Its Fiscal Prowess

Bulgaria, the poorest EU member state, is said to feel cheated as the EU institutions are about to seal a new policy allowing six...

Dec 6 2011 / No comment / Read More »

Finance

Bulgarian FinMin: Eurozone Could Be Extinct in 6 Months »

Bulgarian FinMin: Eurozone Could Be Extinct in 6 Months

Very bad things happened in the last few months in Europe, which imposed changes in Bulgaria’s fiscal policy, says Deputy Prime Minister and Finance Minister, Simeon Djankov. Speaking in an interview for the TV channel bTV Tuesday morning, Djankov responded to criticism that he had...

Dec 6 2011 / No comment / Read More »

Bulgarian PM Freezes Top Politicians Wages »

Bulgarian PM Freezes Top Politicians Wages

Salaries of top politicians in Bulgaria will be frozen at their levels from the end of 2009, according to Prime Minister, Boyko Borisov. The move will be implemented despite the cabinet’s decision to up the minimum monthly wage in Bulgaria in May, 2012 – from...

Dec 6 2011 / No comment / Read More »

Corpbank Remains Bulgaria Govt Favorite Bank – Report »

Corpbank Remains Bulgaria Govt Favorite Bank – Report

Bulgaria’s Corporate Commercial Bank continues to hold the biggest share of the money of strategic state-owned companies, a check has shown. “There is no significant change in the data about the banks which serve state-controlled enterprises in comparison with last year,” a high-ranking governmental official...

Dec 6 2011 / No comment / Read More »

Traikov on CNBC: Euro Zone Will Survive, Bulgaria Wants In »

Traikov on CNBC: Euro Zone Will Survive, Bulgaria Wants In

Bulgaria still wants to join the euro zone despite recent predictions that the single currency will collapse, Traicho Traikov, Bulgaria’s Economy Minister, told CNBC on Thursday. “I know now it’s fashionable to predict the end of the monetary union, but I think common sense will...

Dec 6 2011 / No comment / Read More »

Domestic

Bulgarian Parliament to Vote State Budget 2012 on 2nd Reading »

Bulgarian Parliament to Vote State Budget 2012 on 2nd ReadingThe Bulgarian Parliament will vote on second reading Wednesday and Thursday legislation relating to Bulgaria’s state budget for 2012. Prior to that, the Bulgarian government...

Dec 6 2011 / No comment / Read More »

Bulgarian Cabinet Firm on Not Surrendering to Farmers »

Bulgarian Cabinet Firm on Not Surrendering to FarmersThey insisted on a meeting with Borisov and his Deputy, Finance Minister, Simeon Djankov, but did not get a positive response. Meanwhile, the demonstrators, represented...

Dec 6 2011 / No comment / Read More »
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Diplomacy

PM Borisov Reiterates Bulgaria’s Bid to Help Democracy in Arab World

PM Borisov Reiterates Bulgaria’s Bid to Help Democracy in Arab World

“As an EU member and one of the best NATO partners Bulgaria can be of great help for Arab countries and we’re completely ready to do that,” said Borisov. The Bulgarian PM commented...

Dec 6, 2011 / More »

Interview

ICANN CEO and President Rod Beckstrom: It’s Great Bulgaria Cares So Much about Cyrillic Domains

ICANN CEO and President Rod Beckstrom: It’s Great Bulgaria Cares So Much about Cyrillic Domains

Interview of Novinite.com (Sofia News Agency) and Novinite.bg with Rod Beckstrom, President and CEO of ICANN, author and high-tech entrepreneur. Beckstrom previously served as Director of the US National Cyber Security Center. Prior...

Dec 6, 2011 / More »

Industry

Bulgaria’s Budget Makes BGN 300 M from Brewing Industry

Bulgaria’s Budget Makes BGN 300 M from Brewing Industry

Bulgaria’s brewing industry brings the state budget some BGN 297 M annually, according to the Chair of the Bulgarian Brewers’ Union and General Manager of Heineken Zagorka Ruud van den Eijnden. The total...

Dec 6, 2011 / More »

Society

Bulgarian Food Safety Watchdog Orders 22kg of Spoiled Yellow Cheese Incinerated

Bulgarian Food Safety Watchdog Orders 22kg of Spoiled Yellow Cheese Incinerated

22 tons of yellow cheese (kashkaval) past its sell-by date have been delivered to an incineration plant by the Bulgarian Food Safety Agency (BABH). Laboratory tests have confirmed that the dairy product is unfit...

Dec 6, 2011 / More »

Tourism

Lack of Snow, Crisis Threaten Bulgaria’s Winter Tourism

Lack of Snow, Crisis Threaten Bulgaria’s Winter Tourism

Bulgaria is no different than the common trend of decline in the number of reservations for winter vacations, according to the Minister of Economy, Energy and Tourism, Traicho Traikov. Traikov spoke for the...

Dec 6, 2011 / More »

Culture

Bulgarian Christian Orthodox Honor Saint Sava

Bulgarian Christian Orthodox Honor Saint Sava

Bulgarian Christian Orthodox mark Monday the Day of Saint Sava or Sabbas. St. Sabbas was born in 439. He is a Cappadocian-Greek monk, priest and saint, who lived mainly in Palestine. He was...

Dec 6, 2011 / More »

Energy

Amid Court Claims, Russia Offers ‘Unique Bargain’ for Bulgarian Belene NPP

Amid Court Claims, Russia Offers ‘Unique Bargain’ for Bulgarian Belene NPP

Russian nuclear energy company Rosatom‘s price offer for Bulgarian Belene NPP is spectacularly low and Bulgaria should hasten to accept it, said Rosatom‘s vice-director Kirill Komarov. “Taking into account the raging economic crisis...

Dec 6, 2011 / More »

Sport

Sir Alex Assuages Berbatov Injury Fears

Sir Alex Assuages Berbatov Injury Fears

The injury that Manchester United‘s Bulgarian  forward Dimitar Berbatov picked up during his team’s unfortunate game against Crystal Palace on Wednesday is not as grave as initially believed, Sir Alex Ferguson has announced....

Dec 6, 2011 / More »
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