Bulgaria, the poorest EU member state, is said to feel cheated as the EU institutions are about to seal a new policy allowing six other member states, which are struggling financially, to be able to co-fund projects with much less money. “Countries which maintain a strict financial discipline should not be punished and those that [...]
“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 that Bulgarians have deep sympathies with pro-democracy efforts of the citizens of the Arabic countries, as Bulgarian themselves led a similar struggle [...]
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 media Friday, after being asked to comment on fears of the tourist sector about a decline of bookings from Russian and UK [...]
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 added value of the Bulgarian beer production and distribution is estimated at BGN 219 M, Ruud van den Eijnden said at the [...]
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 made promises for more funding to different sectors earlier and [...]
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 BGN 270 to BGN 290. “This is the situation globally; [...]
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 told 24 Hours daily, speaking on condition of anonymity. Bulgaria’s [...]
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 still dominate and it is going to survive. Of course, [...]
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 in Europe, we have made a very attractive proposal for Belene. It is hard to believe that we will ever make such [...]
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 at approximately 2:30 pm on Wednesday, according to Sofia Airport‘s official website. The system was installed in 2006, when Terminal [...]
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