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Bulgarian Financial Inspection Agency with New Head
Temenuzhka Popova will be the new Head of Bulgaria's Public Financial Inspection Agency (PFIA), effective August 1, 2010.
The information was reported Monday by the Finance Ministry's press center. The term of the current PFIA Director, Ginka Draganinska, expires now and she will be appointed Deputy Director....
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Date: 2010-07-26 12:00:51 | Source: Novinite.com
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Bulgaria Warms up on Burgas-Alexandroupolis, Pays EUR 5 M - Report
The Bulgarian government is well aware the Burgas-Alexandroupolis oil pipeline project is profitable for Bulgaria, vice-president of Russian oil company Transneft Mikhail Barkov said, as quoted Monday by RIA Novosti.
"Our Bulgarian partners continue studying the content of the project in regard of its profitability and its environmental risks, but as far as we are aware, there is understanding on their part that leaving the project is not to their advantage," Barkov is reported as saying.
In o...
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Date: 2010-07-26 11:41:46 | Source: Novinite.com
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Sofia City Hall to Take over Notorious 'Spartak' Swimming Pool
Sofia's notorious Spartak swimming pool will still be used as a sports complex, but it will be managed by the City Hall, Interior Minister, Tsvetan Tsvetanov, announced Monday.
Tsvetanov said the pool is in the City Hall registry as a facility and institution that must pay taxes and trash removal fees.
It was reported on Friday that Spartak is to be handed back to the Bulgarian Ministry of Interior immediately.
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Date: 2010-07-26 11:33:16 | Source: Novinite.com
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Romania Starts Austerity Talks with IMF
An IMF delegation started out negotiations Monday with Romanian authorities to review draconian measures to reduce state spending.
Romanian finance minister Sebastian Vlădescu was confident that talks will be quick and the new IMF installment will arrive to the crisis-stricken country soon.
IMF representatives commented in Bucharest that the austerity introduced by the Romanian government about a month a go have both ups and downs.
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Date: 2010-07-26 11:26:42 | Source: Novinite.com
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Bulgarian Capital Caps Taxi Fares
The taxi fares in Sofia will be capped after the Parliament passes the amendments of the Automobile Carriers Act.
The information was reported Monday by the Sofia Deputy Mayor in charge of the Transport Department, Lyubomir Hristov, who says the price ceiling will be determined only after consultations and agreement with the major cab companies in the capital.
Bulgaria's Commission for Protection of Competition recently voiced opposition to the amendment of the law and called it unacceptable b...
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Date: 2010-07-26 10:39:02 | Source: Novinite.com
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Bulgarian Capital, Govt Move to Impose Ceiling on Cab Prices
Sofia Municipality has come very close to setting a maximum legal price on taxis in the capital city.
The price ceiling will be introduced with the agreement of the taxi firms in Sofia, announced Deputy Sofia Mayor Lyubomir Hristov.
The maximum prices will be regulated with a decree of the Transport Ministry....
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Date: 2010-07-26 07:46:19 | Source: Novinite.com
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Govt Appoints 2nd CEO of Bulgarian Energy Holding
The Economy Ministry has appointed a second Executive Director of the state megastructure "Bulgarian Energy Holding."
The Borisov government recently appointed Maya Hristova, who was a Deputy Economy Minister for several months, as the new CEO of BEH.
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Date: 2010-07-26 06:06:08 | Source: Novinite.com
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Bulgarian Economy Minister Vows Focus on 3 Knowledge-Based Sectors
Bulgaria's government will be focusing on encouraging the development of three hi-tech sectors, announced Economy Minister Traicho Traikov.
"We have carried out a sector analysis, and we have figured out our priorities. We must encourage the sectors with high added value....
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Date: 2010-07-26 05:21:00 | Source: Novinite.com
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Socialists, Russians Blast Bulgarian Govt for Stalling Belene NPP
The Belene Nuclear Power Plant project is vastly beneficial to Bulgaria but is delayed by the Borisov government for political reasons, according to Socialist MP Rumen Petkov.
Speaking in the northern city of Pleven Sunday, Petkov, a local MP and a former Interior Minister, declared that the German energy company RWE was interested anew in the Belene project, as cited by Darik Radio.
In 2008, Bulgaria's National Electric Company NEK selected RWE as a strategic foreign investor and the sharehol...
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Date: 2010-07-25 17:24:05 | Source: Novinite.com
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Bulgarian PM Declares Burgas-Alexandroupolis Oil Pipeline Dead
There is no way that the Burgas-Alexandroupolis oil pipeline project can be realized, according to Bulgarian Prime Minister Boyko Borisov.
"The position of our government is clear - we need to see the international environmental assessment," Borisov said Sunday night while also explaining that there is no way that the assessment will be positive.
"If I pull Bulgaria out of the project, we are going to have to pay all penalties, and Prime Minister Papandeou of Greece and Putin will be mad at us...
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Date: 2010-07-25 16:06:48 | Source: Novinite.com
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Bulgaria Anticipates Anxiously UNESCO Decisions on World Heritage
The Bulgarian authorities and society are anxious about the results of a UNESCO meeting taking place in Brazil's capital Brasilia which could have important impact on the status of the country's recognized World Heritage sites.
The World Heritage Committee of the United Nations Educational, Scientific and Cultural Organization will take 10 days to discuss including new sites to its list and also removing a number of sites over problems with the maintenance of their status.
Delegates from 193 n...
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Date: 2010-07-25 14:03:45 | Source: Novinite.com
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Bulgaria's Defense Industry Invests Up to BGN 6 M Annually in R&D
The Bulgarian military-industrial complex invests between 10% and 30% of its combined profit annually in research and development activities.
According to the latest report of the Bulgarian Defense Industry Association made public during its recent annual meeting this makes between BGN 2 M and BGN 6 M.
The total turnover of the Bulgarian military plants in 2009 was a little over BGN 200 M.
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Date: 2010-07-25 11:10:18 | Source: Novinite.com
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Bulgaria-Japan Economic Cooperation to Expand from Yogurt to Electric Cars
Japanese companies have expressed interest in the joint production of electric cars with Bulgarian firms, according to Bulgarian Economy Minister Traicho Traikov.
Traikov has met in Sofia with a delegation of Nippon Keidanren, the Japan Business Federation, whose visit to Bulgaria was organized by the Bulgarian Chamber of Commerce and Industry (BCCI). During his recent visit to China, the Bulgarian Economy Minister announced Chinese companies were also interested in partnership with Bulgaria fo...
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Date: 2010-07-25 10:26:08 | Source: Novinite.com
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BNB: EU Stress Test Proves Stability of Bulgarian Banks
The European bank groups represented in Bulgaria, which took part part in the pan-European bank stress tests demonstrated stability and high capital adequacy, the Bulgarian National Bank declared in a statement.
The European banking system stress tests were organized according to a decision of ECOFIN and were coordinated by the Committee of European Banking Supervisors (CEBS) in cooperation with the European Central Bank, the European Commission, and the consolidating national supervisors.
The...
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Date: 2010-07-25 08:57:06 | Source: Novinite.com
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Bulgaria's Port Varna Sees Growth of Freight Traffic in 2010 H1
The amount of goods and materials transported through Bulgaria's Port Varna grew by 9% in the first half of 2010 year-on-year.
A total of 3 233 000 tonnes of goods and materials went thought the port in January-June 2010, announced the port administration.
The increase is attributed mostly to the increased activity of the factories located close to the Port Varna West, near the town of Devnya, which have increased their production and exports of fertilizers, construction materials, sodium and ...
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Date: 2010-07-25 07:15:52 | Source: Novinite.com
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