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25 October 2014, Issue 4063
Bulgaria's Daily Newspaper since 2001
9741 subscribers of Novinite.com
|BUSINESS POLITICS WORLD SOCIETY SPORTS FORUM|
GERB Meets BSP Friday in Second Round of Coalition Talks
GERB will complete the second round of consultations over potential formation of a government coalition with talks with Socialists on Friday. read
Bulgaria Asked to Give EUR 7 M More for EU's 2015 Budget
Sofia should transfer an additional EUR 7 M installment to EU's budget, the EU Commission announced Friday.read
Gazprom Directors' Board to Discuss Issues of South Stream Bulgaria
Gazprom executives are to meet November 5 to consider the approval of certain transactions with the assets of South Stream Bulgaria, the Russian energy giant announced. read
BULGARIA'S CENTRAL BANK HOLDS MEETING ON KTB RECOVERY
Bulgarian National Bank (BNB) met on Friday representatives of Vienna-based fund EPIC, Oman's state fund and London-based Gemcorp, the central bank said in a statement.
Corpbank was placed under conservatorship after its liquidity was depleted by a bank run. read more
US SOFTWARE COMPANY TO ACQUIRE BULGARIA'S TELERIK FOR USD 265.5 M
The US Progress Software Corporation announced it has entered into a definitive agreement to acquire Bulgaria's leading software developing company Telerik AD for USD 262.5 M, said the corporation in a press release.
Telerik was founded in 2002 by four graduates of the American University in Bulgaria and the Technical University of Sofia. read more
CAR TOLLS AT DANUBE BRIDGE 2 MAY DROP BY 50%
Hristo Monev, Deputy Chair of the Supervisory Board of Danube Bridge 2 Vidin – Calafat AD, has suggested that the car tolls could be reduced by 50%.
In a Friday interview for the Bulgarian Telegraph Agency (BTA), Monev informed that a 50% reduction in car tolls to EUR 3 was feasible, taking into account the fact that monthly revenues stood at EUR 1 M, of which 5%, or EUR 50 000, were car tolls, on which VAT was levied in both directions. read more
CLOCKS SET TO ASTRONOMICAL TIME ON SUNDAY
Thus the country returns to astronomical time until the last Saturday of March. read more
BULGARIA'S OMBUDSMAN PREDICTS 'AVALANCHE OF LAWSUITS' REGARDING KTB
Bulgaria's courts will be flooded by “an avalanche of lawsuits” with connection to the Corporate Commercial Bank (KTB), Bulgaria's Ombudsman Konstantin Penchev told the BNR public broadcaster.
According to him, the deposits with preferential interest rates would pose a problem, as they, by law, are not covered by the Deposit Guarantee Fund. “Then there would be the people with deposits above EUR 100 000,” Penchev commented. “How come you bankrupted this bank – four months you did nothing to save it and deliberately kept it shut – they would ask.” read more
BULGARIA’S END-AUGUST GROSS FOREIGN DEBT RISES 2.2% Y/Y
Bulgaria’s gross foreign debt totalled EUR 38.2B as of end-August, increasing 2.2% from a year earlier and 2.3% higher compared with end-2013, the central bank has said.
Gross foreign debt was equivalent to 94.3% of projected 2014 Gross Domestic Product as of end-August, the Bulgarian National Bank said in a statement on Thursday. read more
MERGER OF REVENUE, CUSTOMS AGENCY NOT ON AGENDA OF CARETAKER GOVT
Bulgaria’s Finance Ministry has assured that it is not developing a framework or project for the merger of the National Revenue Agency (NRA) and the Customs Agency.
A media statement of the Finance Ministry informs that the caretaker government lacks the competence to adopt such a decision. read more
ECONOMY MINISTRY WORKING TO ENSURE VARNA TPP WILL REMAIN OPEN
Bulgaria's Ministry of Economy is seeking to ensure the Varna Thermal Power Station will remain operational despite not having complied with European norms, the institution said in a statement.
BULGARIA DETERMINED TO KEEP VARNA TPP FUNCTIONING – DEPUTY MINISTER
Bulgaria is determined to rescue the Varna thermal power plant, according to Anton Pavlov, Deputy Minister of Economy.
Pavlov participated Friday in a conference titled "GREAT Energy Summit" in Prague organized by the British Embassy Prague and the British Embassy Sofia. read more
GAZPROM DIRECTORS' BOARD TO DISCUSS ISSUES OF SOUTH STREAM BULGARIA
Gazprom executives are to meet November 5 to consider the approval of certain transactions with the assets of South Stream Bulgaria, the Russian energy giant announced.
A 50-50 joint venture between Gazprom and the Bulgarian Energy Holding, South Stream Bulgaria AD was created to be responsible for the planning, construction and operation of South Stream's onshore section in Bulgaria, the first EU member on the pipeline's way. read more
BULGARIA'S DWELLING PRICES RECORD SLIGHT DECREASE IN Q3 2014
The market price index of dwellings for Q3 2014 compared to Q2 2014 was 99.9%, i.e. the average decrease of the market prices of dwellings was 0.1%, according to Bulgaria's Statistical Institute.
The market price index of the dwellings for the third quarter of 2014 in comparison with the corresponding quarter of the previous year was 100.4%, i.e. the average increase of the market prices of the dwellings was 0.4%. read more
KOSOVO PRESIDENT RECEIVES BULGARIA'S AMBASSADOR FOR FAREWELL VISIT
Kosovo's head of state Atifete Jahjaga has received Bobi Bovev, the Bulgarian Ambassador, to mark the end of his mandate.
BULGARIA ASKED TO GIVE EUR 7 M MORE FOR EU'S 2015 BUDGET
Sofia should transfer an additional EUR 7 M installment to EU's budget, the EU Commission announced Friday.
BULGARIA APPLIES FOR FLOOD DAMAGE AID FROM EUSF
Bulgaria has applied for assistance under the European Union Solidarity Fund (EUSF) for coping with the flood damage in the northwestern regions of Vidin and Vratsa.
Bulgaria’s northwestern region suffered flood damage worth EUR 77.5 M in the period July 31 - August 2, 2014, according to the press office of the Ministry of Regional Development. read more
PRESIDENT PLEVLENIEV: BULGARIA CAN MEET EU'S RENEWABLES TARGET
The EU's aim to curtail carbon emissions by 40 percent and boost green energy's share in the mix by 27 percent, adopted Friday, can also be accomplished by Bulgaria, President Rosen Plevneliev said.
GERB MEETS BSP FRIDAY IN SECOND ROUND OF COALITION TALKS
GERB will complete the second round of consultations over potential formation of a government coalition with talks with Socialists on Friday.
Centre-right GERB, which won most votes in Bulgaria’s October 5 early elections but remained short of outright majority, had picked four of the other seven political formations represented in the new Parliament for the second round of consultations. read more
PLOVDIV MAYOR SIGNS CONTRACT FOR BGN 30 M LOAN FROM EBRD
Ivan Totev, Mayor of the Plovdiv Municipality, has signed a contract with the European Bank for Reconstruction and Development (EBRD) for a loan of around BGN 30 M.
The money will be used for the repair and reconstruction of the Komatevsko Shose Street and the boulevards Ruski and 6-ti Septemvri, as well as the construction of a new road from the Adata Bridge over the Maritsa River to Brezovsko Shose Street, according to reports of the Bulgarian Telegraph Agency (BTA). read more
ANTOANETA VASILEVA QUESTIONED IN MONEY LAUNDERING INVESTIGATION
Antoaneta Vasileva, wife of Tsvetan Vasilev – majority owner of troubled Corporate Commercial Bank (KTB) was questioned in the Sofia Investigation Service in connection to a money laundering investigation, reports Dnevnik.bg.
She was summoned as a witness in the case investigating the purchase of a CHF 20 M house at the shore of the Geneva lake by herself and her husband. read more
BULGARIAN RED CROSS WARNS OF NEW REFUGEE WAVE
Bulgarian Red Cross expects a refugee wave, and is properly preparing to face it, Hristo Grigorov, head of the organization said, Friday, Darik news reports.
He explained that currently the refugee situation in the country is under control. read more
OVER 100 PEOPLE RESIDING IN BULGARIA ILLEGALLY ARRESTED IN SPECIAL OPERATION
A special police operation against persons residing in Bulgaria without authorisation is underway on the territory of the country.
The operation was ordered by Chief Prosecutor Sotir Tsatsarov and caretaker Interior Minister Yordan Bakalov, according to reports of the Interior Ministry. read more
OVER 15 000 PEOPLE NOT LET INTO BULGARIA IN 2014
A total of 15 126 people were not allowed to cross the Bulgarian-Turkish border since the beginning of 2014, Interior Ministry Chief Secretary Svetlozar Lazarov told journalists at a joint press conference with caretaker Interior Minister Yordan Bakalov.
Four thousand people were apprehended by the Turkish authorities, after being alerted by Bulgaria's border patrols and more than 3000 were placed in immigrant centres. read more
CONSTRUCTION OF SOFIA'S 3RD METRO LINE COULD BE DELAYED OVER APPEALS
The construction of the third metro line in Bulgaria's Sofia could be delayed over appeals lodged against a decision of the Environmental Impact Assessment (EIA), Sofia chief architect Petar Dikov said.
"The project for the third metro line was scrutinized and subjected to many public hearings. A number of meetings were held with the participation of many civic councils and experts. There are two appeals (...) which are the result of a misunderstanding rather than a genuine concern for the environmental impact of the third metro line. Hopefully, this is not done in order to intentionally delay its construction,” Dikov said, as quoted by Focus news agency. read more
BULGARIA'S OSAM, VIT RIVERS WATER LEVELS INCREASING DUE TO HEAVY RAINS
The water level of the river Osam in the north-central Bulgarian city of Lovech increased by 1 meter in the last day due to the pouring rains that hit the region.
The level of the Vit River in the town of Teteven has also risen, Bulgarian National Radio informs. The greatest amount of rain has fallen in the village of Chiflik - 58 liters per square meter and in the town of Apriltsi in the Lovech Province - 51 l/sq m. read more
AUTOMOBILE ADMINISTRATION AGENCY OFFICIALS FROM PLEVEN CHARGED WITH ABUSE OF OFFICE
Nikolay Nikolov, and Georgi Matsin, director and deputy director of a regional unit of Bulgaria's Automobile Administration Executive Agency (AAEA), have been charged with abuse of office.
The prosecuting authority also pressed charges against an owner of a transport company, Ilko Iliev. read more
MUNICIPAL OFFICIALS IN BREZOVO CHARGED OVER PENSION FUND FRAUD SCHEME
The Plovdiv District Prosecutor’s Office has pressed charges against the Mayor and Deputy Mayor of the Brezovo Municipality, the Municipal Secretary, and a banking official in a case concerning numerous flawed attestations by a notary.
The four were arrested in a special operation of the State Agency for National Security (DANS) on Thursday. read more
BULGARIAN HACKER GETS 30-MONTH JAIL TERM IN US
A Bulgarian national was sentenced to 30 months in jail in the US on Thursday for participation in Shadowcrew, a virtual online marketplace for malicious hacking and identity theft.
Aleksi Kolarov, 32, operated the site along with 18 co-conspirators, using it to sell illicit merchandise and services to other members, nj.com said. read more
How many gorillas does it take to change a light bulb?
DOCTOR BACK FROM AFRICA TESTS POSITIVE FOR EBOLA AT NEW YORK HOSPITAL
A doctor who had worked in West Africa has tested positive for Ebola at New York City hospital on 23 October.
Officials told a news conference that Craig Spencer, 33, was admitted to Bellevue Hospital with symptoms consistent with those caused by Ebola. According to the results of a preliminary test Spencer has the virus. read more
SWEDEN ENDS SEARCH FOR SUSPECTED SUBMARINE
Sweden on Friday called off its search for a suspected foreign submarine in the sea south of Stockholm.
The week-long operation reminiscent of the days of the Cold War had been investigating what the Swedish military called "foreign underwater activities". According to Swedish media reports, the country’s Navy vessels and patrol aircraft had been searching the Stockholm archipelago for a suspected damaged Russian submarine. read more
EUROPEAN UNION TO BOOST EBOLA RESEARCH WITH EUR 24.4M
The European Commission has announced EUR 24.4M from the EU budget for urgently needed Ebola research.
The funding will go to five projects, ranging from a large-scale clinical trial of a potential vaccine, to testing existing and novel compounds to treat Ebola. The money from Horizon 2020, the EU research and innovation program, will be provided via a fast-track procedure in order to start work as soon as possible. read more
HUNGARY MULLS UNPRECEDENTED INTERNET TAX
Hungary could become the world's first country to levy usage of the Internet after its Economy Minister Mihály Varga proposed the move on Wednesday.
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