Bulgarian Business Club Newspaper

Archive for ‘October, 2009’

Bondholders Reject Recovery Plan for Bankrupt Bulgarian Steel Mill

Bondholders Reject Recovery Plan for Bankrupt Bulgarian Steel Mill

The shareholders of the troubled steel-maker Kremikovtzi have rejected the recovery plan proposed by the assignee in bankruptcy, Tsvetan Bankov. According to Darik Radio, the shareholders are unwilling to go ahead with the plan which provides for the recapitalization of BGN 944 M owed to creditors by transforming them into Kremikovtzi shares. A month ago, [...]

Bulgaria Magistrates Professional Records Go Online

Bulgaria Magistrates Professional Records Go Online

The Bulgarian magistrates and court employees in 13 entities of the judicial power will have electronic professional records, the Bulgarian information agency BTA informs. The new system will give access to professional records and CVs of magistrates and employees of the judicial system, and it it would be introduced as pilot program funded by the [...]

50 000 Applications Clog Bulgaria Citizenship Council

50 000 Applications Clog Bulgaria Citizenship Council

The amendments of the Bulgarian Citizenship Act will allow for 30 000 individuals to become Bulgarian citizens each year, the Minister for Bulgarians Abroad Bozhidar Dimitrov believes. Dimitrov said that currently there is a backlog of at least 50 000 applications that have piled up since 2005. “People have to wait for an answer for [...]

Bulgaria Ex-Finance Minister Attacks Budget 2010

Bulgaria Ex-Finance Minister Attacks Budget 2010

Bulgaria’s former Finance Minister, Plamen Oresharski, launched Friday a critical attack on the budget 2010 approved by the new cabinet this week. Oresharski, who spoke during the morning block of the TV channel PRO.BG, said the budget has no goals or policies. “It says inside they will slate more money for health care, ecology, infrastructure, [...]

Bulgaria Informs EU, NATO Partners over Secret Information Leak

Bulgaria Informs EU, NATO Partners over Secret Information Leak

Bulgaria has undertaken the “necessary steps” to notify its partners in NATO and the EU regarding the leakage of information from the National State Security Agency (DANS). The Chairman of the State Commission on Information Security, Tsveta Markova, informed that all Bulgaria’s EU and NATO partners have been informed about the information leakage, Bulgarian National [...]

Ex Bulgaria Govt Spent BGN 700 M on Unnecessary Projects

Ex Bulgaria Govt Spent BGN 700 M on Unnecessary Projects

Bulgaria’s Minister of Environment and Water, Nona Karadzhova, has announced that the previous government spent BGN 700 M on completely unnecessary projects. Karadzhova gave the wastewater plant inethnic Turkish Movement for Rights and Freedoms (DPS) party leader Ahmed Dogan’s home village as an example. She said that “the project that has a capacity for 200 [...]

EU Agrees to Czech Demands over Lisbon Treaty

EU Agrees to Czech Demands over Lisbon Treaty

EU leaders meeting in Brussels have agreed a deal designed to win Czech backing of the Lisbon Treaty, clearing a major hurdle to its ratification. The Czechs were granted an opt-out from the EU’s Charter of Fundamental Rights, similar to that of the UK and Poland, the BBC reported. Czech President Vaclav Klaus was satisfied [...]

Bulgaria Real Estate Property Increasingly Attractive for Russians

Bulgaria Real Estate Property Increasingly Attractive for Russians

Real estate property in Bulgaria is the most sought after by Russian buyers, according to data of the Russian company MIEL’ Distant Property Management. The company, whose portfolio includes real estate offers in 20 countries, has released data saying that in the third quarter of 2009 25% of all inquiries it received were for properties [...]

Sofia/Paris Open Class Takes You behind Film Noir Screen

Sofia/Paris Open Class Takes You behind Film Noir Screen

Bulgarian film-lovers, novices and experts alike, will have the opportunity to participate in an open cinema workshop, exploring the nature and best examples of the film noir category, organized by French producer Patrick Sandrin. The open class will be held on October 31 and November 1 at Grand Hotel Sofia. A project of Executive Production [...]

Australian Experts to Consult Bulgaria on Carbon Emissions

Australian Experts to Consult Bulgaria on Carbon Emissions

The Australian Global Carbon Capture and Storage Institute (GCCSI) will consult Bulgaria on the construction of Maritsa East 4, a new power plant with cleaner carbon emissions, focused on coal-fired power generation. The Bulgarian Minister of Economy, Energy and Tourism, Traiko Traikov, and the Chief Executive Officer of the Australian institute, Nick Otter, had agreed, [...]

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