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28 March 2015, Issue 4191
Bulgaria's Daily Newspaper since 2001
9867 subscribers of Novinite.com
|BUSINESS POLITICS WORLD SOCIETY SPORTS FORUM|
Bulgaria’s Finance Minister Expects New Governor of Bulgarian National Bank by end-April
Bulgaria’s Finance Minister Vladislav Goranov has suggested that a decision on appointing a new Governor of the Bulgarian National Bank (BNB) should be in place by end-April. read
Bulgaria’s Gross External Debt at EUR 39 B in end-January
Bulgaria’s gross external debt amounted to EUR 39,040.6 million (91.5% of GDP) in end-January 2015, decreasing by EUR 724.read
Germanwings Co-pilot “Hid Details of Illness”, Prosecutors Say
Andreas Lubitz, the co-pilot of crashed Germanwings plane, has hid the details of an “existing illness” and “corresponding medical treatment” from his employers, according to German prosecutors. read
BULGARIA REPAYS EUR 1.5 B BRIDGE LOAN
Bulgaria has repaid in full a EUR 1.5 B bridge loan taken out last December, saving nearly four million euro in spending on interest payments.
The six-month loan was extended by Citigroup, HSBC, Societe Generale and Unicredit on 18 December 2014 to plug a gap at the state-run Deposit Insurance Fund, which is in charge of repaying deposits at collapsed Corporate Commercial Bank, or KTB. read more
BULGARIA BUSINESS CONFIDENCE INCREASES IN MARCH
Bulgaria’s business climate index has improved in March led by increased optimism in industry and services, official data showed on Friday.
The total business climate indicator in March was 0.9 percentage points higher compared to the previous month, the National Statistical Institute (NSI) said in a statement. read more
METRO EXTENSION TO BUSINESS PARK SOFIA TO OPEN ON 8 MAY
The Metro extension to Business Park Sofia will open for passengers on 8 May, according to Stoyan Bratoev, director of the Sofia underground railway system.
Local Presa daily quoted Bratoev as saying the two new extensions to the Red Line – to the Business Park in the southeastern outskirts of the city close to the outer ring road, and the international airport in the northeastern part of Bulgaria’s capital – cost a combined EUR 119 M in EU funding. read more
BULGARIA’S GROSS EXTERNAL DEBT AT EUR 39 B IN END-JANUARY
Bulgaria’s gross external debt amounted to EUR 39,040.6 million (91.5% of GDP) in end-January 2015, decreasing by EUR 724.5 million (1.8%) from end-2014 (EUR 39,765.1 million, 94.7% of GDP).
Long-term liabilities totaled EUR 29,112.7 million (74.6% of the total debt, 68.2% of GDP) at end-January 2015, down by EUR 587.8 million (2%) from end-2014 (EUR 29,700.5 million, 74.7% of the total debt, 70.7% of GDP), according to the Bulgarian National Bank. read more
BULGARIA’S BROMAK OBJECTS TO JUDGES DUE TO RULE ON SCRAPPING OF KTB’S LICENCE
Bromak, the majority shareholder in Bulgaria’s collapsed Corporate Commercial Bank, has challenged the five-judge panel of the Supreme Administrative Court which is to rule on an appeal against the withdrawal of the lender’s banking licence.
The defence lawyers for Bromak, a company controlled by businessman Tsvetan Vasilev, on Friday asked three members of the five-judge panel to recuse themselves, saying they would be biased against Bromak in their decision. read more
BULGARIA’S FINANCE MINISTER EXPECTS NEW GOVERNOR OF BULGARIAN NATIONAL BANK BY END-APRIL
Bulgaria’s Finance Minister Vladislav Goranov has suggested that a decision on appointing a new Governor of the Bulgarian National Bank (BNB) should be in place by end-April.
Goranov, as cited by the Bulgarian National Radio, made clear Friday that the two candidates whose names were already in circulation, Dimitar Radev and Nikolay Gorchev, both of them officials of the International Monetary Fund (IMF), were good options for successors of incumbent Ivan Iskrov. read more
BULGARIAN PROJECT COMPANY FOR OIL PIPELINE BURGAS-ALEXANDROUPOLIS WELCOMES NEW CEO
The Bulgarian project company established for the Burgas-Alexandroupolis oil pipeline, which was suspended several years ago, will undergo a senior-level reshuffle as of March 31.
According to Business Register data, as cited by mediapool.bg, the current Executive Director of "Project Company Oil Pipeline Burgas-Alexandroupolis - BG" EAD, Anzhel Dimitrov, will be replaced by Alexander Gargov, member of the Board of Directors of the company. read more
BULGARIA’S PRIME MINISTER: MONTENEGRO IS READY TO JOIN NATO
Bulgarian Prime Minister Boyko Borisov has urged all Balkan countries to join NATO and the EU, adding that this is the only move that would bring the much-needed security in the region.
Speaking Friday after a meeting with the Prime Minister of Montenegro Milo Djukanovic, Borisov expressed hopes that Montenegro would join NATO by end-2015. read more
BULGARIA’S PRESIDENT, MONTENEGRO’S PM DISCUSS PROJECTS TO INCREASE ENERGY, TRANSPORT CONNECTIONS
President Rosen Plevneliev told Montenegro’s Prime Minister Milo Djukanovic that the Euro-Atlantic integration of the Western Balkans was a foreign policy priority issue for Bulgaria.
Plevneliev and Djukanovic agreed at a meeting in Sofia on Friday that regional projects aimed at increasing connectedness in the sectors of energy and transport paved the way for economic cooperation in Southeastern Europe, according to reports of the Bulgarian National Radio. read more
MONTENEGRO IS READY TO JOIN NATO, BULGARIAN PM SAYS
Montenegro is ready for NATO membership.
The statement was made by Bulgarian Prime Minister Boiko Borisov following talks with his counterpart Milo Dukanovic Friday. read more
DIRECTOR OF BULGARIA’S REGISTRY AGENCY REMOVED FROM OFFICE
Ventsislav Spiridonov, Director of Bulgaria’s Registry Agency has been removed from office through an ordinance of the Justice Ministry coordinated with Prime Minister Boyko Borisov.
Spiridonov was appointed Director of Bulgaria’s Registry Agency in the summer of 2013 during the term in office of Justice Minister Zinaida Zlatanova. read more
BULGARIA’S VIDIN TERMINATES WASTE COLLECTION, DISPOSAL CONTRACT WITH CONCESSIONAIRE
Bulgaria’s northwestern municipality of Vidin has terminated the waste collection and disposal services contract with Titan AS, according to Dobromir Dilov, interim Mayor.
Dilov, as cited by the Focus news agency, explained Friday that the company had basically stopped fulfilling its obligations under the contract over the past month. read more
INTENSIVE RAIN EXPECTED ACROSS BULGARIA
Over the course of Friday, heavy rains are expected all across Bulgaria.
The most severe precipitation and possible thunderstorms are prognosed for the Rhodope mountain regions. read more
RED HOT CHILLI PIPERS GREET BULGARIAN AUDIENCE PRIOR TO MAY PERFORMANCE
The Scottish band Red Hot Chilli Pipers that is expected to arrive for a first-time performance in Bulgaria at the opening of the 20th annual Salon of Arts at the Sofia National Palace of Culture sent a video greeting to their fans.
Ten Bulgarian bagpipe players will also take part in the show and the culmination of the night will be a live performance by the legendary Valya Balkanska. read more
LIBERIAN-REGISTERED SHIP IMPOUNDED AT VARNA PORT AFTER UNPAID DEBT
The vessel with 14 Ukrainian sailors on board, currently anchored at the Varna port, ASIAN DREAM has issued state of emergency.
People on board now have limited food and water supplies, as reported by NOVA news. read more
NINETEEN PEOPLE INJURED AFTER EXPLOSION IN NEW YORK CITY'S EAST VILLAGE
According to the latest available information, 19 people were injured in the explosion in an apartment building in Manhattan, New York on Thursday evening.
More than 200 firefighters were involved in the evacuation process, the BBC reported. read more
BULGARIA TO SKIP EURO WEIGHTLIFTING CONTEST OVER POSITIVE DOPING TEST
Bulgaria has withdrawn its weightlifting team from next month’s European championship after 11 athletes failed a doping test.
"Bulgarian athletes will not participate in any international events" until the case is cleared, the AP quoted the Bulgarian Weightlifting Federation as saying. read more
CRASHED GERMANWINGS PLANE CO-PILOT BATTLED DEPRESSION, MEDIA REPORTS SAY
As airlines struggle to come to terms with the loss of 150 human lives in the crash of Germanwings plane in the French Alps, reports have started to emerge that co-pilot Andreas Lubitz, 28, had been battling mental health problems.
According to conclusions from the initial investigation announced on Thursday, Lubitz, 28, had deliberately crasned the aircraft, putting it in a steep descent after locking the captain out of the cockpit. read more
GERMANWINGS CO-PILOT “HID DETAILS OF ILLNESS”, PROSECUTORS SAY
Andreas Lubitz, the co-pilot of crashed Germanwings plane, has hid the details of an “existing illness” and “corresponding medical treatment” from his employers, according to German prosecutors.
The prosecutors said they found torn-up sick notes in his home, including one covering the day of the crash of the Airbus A320, but didn’t say what his illness was. read more
AIRLINES IMPLEMENT FURTHER SECURITY MEASURES
Lowcost airlines easyJet, Air Transat and Norwegian Air Shuttle have announced a change in the rules for pilots during flights.
According to the rule amendments, there should always be two crew members in the cockpit. Whenever one of the pilots needs to leave, the main air hostess will substitute them. read more
TURKISH PRESIDENT ERDOGAN PLEDGES SUPPORT FOR SAUDI ARABIA MILITARY OPERATION
Turkish President Recep Tayyip Erdoğan has accused Iran of further aggravating the conflict between Sunniis and Shiites in Yemen.
He insisted that Tehran should immediately retreat its forces from Yemen in order to alleviate the situation, as reported by the Bulgarian National Radio. read more
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