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22 December 2014, Issue 4112
Bulgaria's Daily Newspaper since 2001
10151 subscribers of Novinite.com
|BUSINESS POLITICS WORLD SOCIETY SPORTS FORUM|
Fitch Maintains Bulgaria’s Credit Rating At ‘BBB-‘ With Stable Outlook
Fitch has affirmed Bulgaria's long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-'and 'BBB', respectively, with stable outlook. read
Bulgaria's Ruling Parties to Seek Consensus on Pension Reform
Center-right GERB and rightist Reformist Bloc, the two main partners in Bulgaria's ruling coalition, have agreed to hold additional consultations over the country's pension system.read
Die Presse: 'New Signs of Life' for South Stream from Bulgaria
The abandoned South Stream gas pipeline project could be renewed, after Bulgarian and Russian media reports that construction permits will now be issued, Austrian daily Die Presse wrote on Saturday.read
BULGARIA ADOPTS 2015 BUDGET WITH 3% DEFICIT
Bulgaria’s parliament has approved the 2015 budget with deficit equivalent to 3% of the projected Gross Domestic Product.
In a marathon session that lasted for 17 hours until early morning hours on Saturday, the MP’s passed in second and final reading the budget that also projects real economic growth of 0.8% and fresh gross borrowing of BGN 8.1 B that will increase Bulgaria’s net debt by BGN 2 B to BGN 24.5 B at end-2015. read more
BULGARIA AIR IN CODESHARE DEAL WITH GERMANY'S AIRBERLIN
Airberlin, Germany’s second largest airline, and Bulgaria Air will launch codeshare flights on some European routes from January 14 next year, austrianaviation.net has reported.
Under the codeshare agreement, airberlin will apply its AB airline code on Bulgaria Air flights from Berlin, Frankfurt and Vienna to Sofia. read more
FITCH MAINTAINS BULGARIA’S CREDIT RATING AT ‘BBB-‘ WITH STABLE OUTLOOK
Fitch has affirmed Bulgaria's long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-'and 'BBB', respectively, with stable outlook.
According to the global rating agency, the affirmation and stable outlook reflect Bulgaria's government plans to target expenditure-driven fiscal consolidation, with the aim of reducing the headline fiscal deficit by 0.5 percentage points a year in 2015-2017. read more
DIE PRESSE: 'NEW SIGNS OF LIFE' FOR SOUTH STREAM FROM BULGARIA
The abandoned South Stream gas pipeline project could be renewed, after Bulgarian and Russian media reports that construction permits will now be issued, Austrian daily Die Presse wrote on Saturday.
South Stream was scrapped late on December 1, when Russian President Vladimir Putin said Gazprom felt forced to stop carrying out the project due to Bulgaria's decision to freeze construction. read more
TOO EARLY FOR EU RESPONSE ON BULGARIA'S 'GAS HUB' IDEA - COMMISSION VP GEORGIEVA
EU will have a stance on Bulgaria's idea to build a gas hub at the Black Sea after a formal proposal has been prepared, EU Commission Vice President Kristalina Georgieva has said.
BULGARIA'S RULING PARTIES TO SEEK CONSENSUS ON PENSION REFORM
Center-right GERB and rightist Reformist Bloc, the two main partners in Bulgaria's ruling coalition, have agreed to hold additional consultations over the country's pension system.
RB's co-chair hopes that "a common political solution... will guarantee security of personal pension savings and stability of the financial system, including that of private and public pension funds." read more
BULGARIA FINMIN 'READY TO BACKTRACK' ON PENSION REFORM
The government is inclined to renounce changes to the pension system that make mandatory contributions to private pension funds optional, Finance Minister Vladislav Goranov said on Sunday.
Meanwhile financial expert Lyubomir Hristov warned the new changes could "guarantee to all its patients" they were facing poverty.
BULGARIA PRESIDENT WON’T VETO CONTENTIOUS CHANGE TO PENSION LEGISLATION
Bulgaria’s President Rosen Plevneliev said on Saturday he wouldn’t veto a controversial amendment to the pension insurance model that makes mandatory contributions to private pension funds optional.
“The government has pledged to be open to a nationwide debate by the end of March next year, to invite experts, employers and unions and everyone else who could contribute to a sustainable pension reform in Bulgaria,” Plevneliev told Darik radio station. read more
MEP BAREKOV WITHDRAWS SUPPORT FROM HIS GROUP IN BULGARIAN PARLIAMENT
Nikolay Barekov, a Bulgarian MEP, is renouncing unconditional support for the parliamentary group which is centered around his own Bulgaria without Censorship party.
Barekov's BwC-led coalition came sixth in the October 5 early elections. The MEP, who had previously been quite open about his Prime Minister ambitions, chose then to retain his seat at the European Parliament. read more
PM BOYKO BORISOV: NEW GOV'T 'RESTORED BULGARIA'S EUROPEAN DIGNITY'
The new Bulgarian government has succeeded in reinstating the country has a predictable partner, Prime Minister Boyko Borisov has said.
ANTI-DISCRIMINATION PROTEST TO BE HELD IN SOFIA OVER 'RACIST REMARKS' OF GOV'T
A demonstration targeting discrimination and racism is to be staged in Bulgaria's capital Sofia on Sunday afternoon.
CYPRUS RETURNS SMUGGLED JEWELLERY ITEMS TO BULGARIA
Cyprus has returned to Bulgaria three ancient pieces of jewellery, part of Bulgaria`s cultural heritage.
According to cyprus-mail.com, the items were smuggled to Cyprus through the post in 2006 and were withheld by customs authorities under legislation for tracing and returning cultural items smuggled to an EU member state. read more
SERBIA ARRESTS BULGARIAN NATIONAL FOR TRAFFICKING AFGHAN REFUGEES
Serbian police has arrested a Bulgarian national who illegally transported 44 Aghan refugees across the border with Serbia in a minivan, Tanjug news agency reported on Saturday.
The Bulgarian national, identified only as V.V.,60, was arrested in the village of Metovnica near the town of Bor, some 250 km southeast of Belgrade. He was charged with human trafficking and illegally entering Serbia. read more
SELFIE OF THE DAY: KRISTALINA GEORGIEVA, MAXIM BEHAR
Bulgaria's EU Commissioner Kristalina Georgieva and Maxim Behar, founder and CEO of Sofia-based PR agency M3 Communications Group Inc.,part of global Hill+Knowlton Strategies Group, have taken a selfie.
Maxim Behar thanked both Georgieva and Sofia Mayor Yordanka Fandakova for their attendance and support for the project which, in his words, "will certainly change Bulgaria in the next years."
"Did you manage to make a wish?" a euro coin asks a dollar coin while watching the ruble fall.
— Область 45 (@oblast_45) December 5, 2014
RUSSIAN HUMANITARIAN AID CONVOY ENTERS UKRAINE'S DONBASS
As many as 90 Russian trucks have delivered loads of humanitarian aid to the Donbass region in Eastern Ukraine.
Pictures from photo agency show that the loads also contain other items such as Christmas trees.
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