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23 October 2014, Issue 4061
Bulgaria's Daily Newspaper since 2001
9747 subscribers of Novinite.com
|BUSINESS POLITICS WORLD SOCIETY SPORTS FORUM|
Audit Finds BGN 4.2 B Impairment Costs on KTB Balance Sheet, Bulgaria C. Bank Says
Nearly two-thirds of the value of the assets of Corporate Commercial Bank (KTB) have to be wiped off due to KTB’s failure to stick to ‘prudent banking practices’, its auditors have concluded. read
Dimitar Vladimirov Appointed Deputy Head of State Agency for Bulgarians Abroad
Dimitar Vladimirov was appointed Deputy Head of the State Agency for Bulgarians Abroad (SABA), announced by the Government press office. read
US Air Strikes Help Iraq Repel IS Offensive on Mosul Dam
Iraqi forces backed by US air strikes have repelled an offensive of Islamic State (IS) militants against key Mosul dam in northern Iraq, the Pentagon said on Wednesday. read
AUDIT FINDS BGN 4.2 B IMPAIRMENT COSTS ON KTB BALANCE SHEET, BULGARIA C. BANK SAYS
Nearly two-thirds of the value of the assets of Corporate Commercial Bank (KTB) have to be wiped off due to KTB’s failure to stick to ‘prudent banking practices’, its auditors have concluded.
The auditors appointed by Bulgarian National Bank (BNB) have also concluded that just 13% of KTB’s loan portfolio had been covered by proper collateral, the BNB said in a statement on Wednesday. read more
BULGARIA, ROMANIA AGREE TO BUILD 2 MORE BRIDGES OVER DANUBE RIVER
Bulgaria and Romania have agreed to build two new bridges over the Danube River.
Romania’s government has approved the signing of a memorandum with Bulgaria on the construction of the two bridges, according to news agencies Adjepress and Mediafax, as cited by the Bulgarian Telegraph Agency. read more
WESTINGHOUSE PICKS М3 COMMUNICATIONS FOR ITS PR AGENCY IN BULGARIA
Leading Bulgarian PR firm М3 Communications Group, Inc. will back US-based Westinghouse Electric’s efforts to move forward with planned expansion of Bulgaria’s Kozloduy nuclear power plant.
“Westinghouse Electric Company today announced its decision to work with М3 Communications Group, Inc.,” Sofia-based M3 Communications Group said in a statement on Wednesday. read more
BULGARIA'S NATIONAL TOURISM COUNCIL DEMANDS SEPARATE MINISTRY
Representatives of the most influential associations, members of Bulgaria's National Tourism Council have once again agreed on the need to establish a separate Tourism Ministry.
"We would like it to be in the quota of the largest political force, if a coalition government is formed," a letter from the tourism industry addressed to GERB's leader Boyko Borisov said, as quoted by BGNES news agency. read more
BULGARIA REMITS 84% OF AFGHANISTAN'S DEBT
Bulgaria has remitted almost 84% of Afghanistan's debt accumulated in the 70s and 80s of the 20th century and rescheduled the remaining debt for 10 years.
The Government today approved the intergovernmental agreement between the two countries signed on September 17 to settle the debt totaling USD 50.6 million, Dnevnik.bg informs. read more
HUNGARY'S NAVRACSICS DEPRIVED OF CITIZENSHIP PORTFOLIO IN NEW EC PANEL
Hungary's Tibor Navracsics will not be in charge of the citizenship portfolio in the new European Commission, according to Jean-Claude Juncker, President-elect of the new EC.
The decision comes in response to the demands of MEPs to not assign this portfolio to a former member of the government of Viktor Orban, who is directly responsible for the non-observance of civil rights and fundamental freedoms, according to international media outlets, as cited by the Bulgarian National Radio. read more
SUBSIDIES FOR POLITICAL PARTIES IN BULGARIA UP 10 TIMES IN 10 YEARS
Political parties in Bulgaria have increased their subsidies 10 times in the past ten years, according to calculations of the Finance Ministry.
Political parties were first granted state funding in 2002, the total amount standing at BGN 4.500 million. read more
DIMITAR VLADIMIROV APPOINTED DEPUTY HEAD OF STATE AGENCY FOR BULGARIANS ABROAD
Dimitar Vladimirov was appointed Deputy Head of the State Agency for Bulgarians Abroad (SABA), announced by the Government press office.
Caretaker Prime Minister Georgi Bliznashki appointed former SABA Secretary Vladimirov as the deputy chair of the Agency as of October 23, 2014. read more
ALMOST 90% OF DISABLED PEOPLE IN BULGARIA ARE JOBLESS
Almost 90% of the people with disabilities in Bulgaria are unemployed said the head of the Agency for disabled people Mincho Koralski at a round table on integration in Sofia.
According to Koralski, quoted by News.bg, the main reason for this was within the society, which was still not tolerant to the different people, no matter what their difference is. read more
BULGARIA SETS 2015 POVERTY LINE AT BGN 286
Bulgaria's 2015 poverty line will be set at BGN 286 per month, said the government press office.
It is by 14% higher and is to be discussed at today's government meeting. read more
BULGARIANS ARE AMONG PEOPLE WHO HATE THEIR GOVERNMENT
Bulgarians are among the peoples in the world who really hate their government.
According to the Global States Of Mind Gallup survey, 87% of Bulgarians disapprove of their leadership. This ranks the country second in the world after Bosnia and Herzegovina, where only 8% of the population approves the leadership. read more
BULGARIA DROPPED 20 POSITIONS IN WORLD PRESS FREEDOM INDEX IN 2 YEARS
Reporters without Borders representative Olivier Basille has said that the threats against journalists and the absolute lack of media ownership transparency are among the reasons why Bulgaria ranks so low in the 2014 World Press Freedom Index of the NGO.
In a Wednesday interview for the Bulgarian National Radio, Basille emphasized that Bulgaria had dropped 20 positions in only 2 years to place 100 in 2014. read more
200 BULGARIAN, ROMANIAN ROMA EVICTED FROM CAMP IN PARIS
French police have evicted about 200 people, mainly Bulgarian and Romanian Roma from a camp in a suburb of Paris.
The operation was carried out Tuesday. There were many children among the Roma community living in the camp. Some thirty families were provided emergency housing, Bulgaria's Telegraph Agency informs. read more
CODE ORANGE ISSUED IN SEVEN BULGARIAN DISTRICTS OVER HEAVY RAINS, WIND
Code Orange warning for potentially dangerous weather has been issued in seven Bulgarian districts on Wednesday over rains and strong winds.
Heavy downpours are expected in the districts of Lovech, Gabrovo, Veliko Tarnovo, Haskovo, Smolyan, Kardzhali and Blagoevgrad, warned by the Ministry of Environment and Water. read more
BULGARIA TO HOST INTERNATIONAL ASTRONOMY OLYMPIAD IN 2015
All members of the Bulgarian team won medals at the XIX International Astronomy Olympiad in Bishkek.
The event took place on October 13-21, 2014 and brought together schoolchildren from over 20 countries. read more
CANADIAN SOLDIER KILLED IN SHOOTING NEAR PARLIAMENT IN OTTAWA
A Canadian soldier was killed and a Parliament security guard was wounded in Ottawa on Wednesday in attacks by at least two unidentified gunmen.
Three shooting incidents were reported in Ottawa - at the National War Memorial, inside Parliament building nerby and at a nearby Rideau Centre Mall. The motive for the shooting remains unknown. read more
REGIONAL ENVIRONMENT INSPECTORATE HEAD ARRESTED FOR SOLICITING BRIBE
Ognyan Borisov, head of the Regional Inspectorate of Environment and Water (RIEW) in the town of Pernik, has been arrested for soliciting a bribe.
A special police operation conducted by the Criminal Police Directorate of the Interior on Tuesday resulted in the arrest of Borisov and another official of the Pernik-based RIEW unit. read more
'HOW BULGARIAN POLITICAL ELITE BETRAYED RUSSIA'
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US AIR STRIKES HELP IRAQ REPEL IS OFFENSIVE ON MOSUL DAM
Iraqi forces backed by US air strikes have repelled an offensive of Islamic State (IS) militants against key Mosul dam in northern Iraq, the Pentagon said on Wednesday.
The dam, which is the largest one in Iraq, could cause flooding of the city of Mosul and Iraqi capital Baghdad if destroyed. It is of crucial importance as a source of water and electricity supply for Mosul, a city of 1.7 million residents. read more
EUROPEAN PARLIAMENT APPROVES JEAN-CLAUDE JUNCKER COMMISSION
The European Parliament approved on Wednesday the 28 members of the European Commission proposed by Jean-Claude Juncker, reports Reuters.
In his keynote speech in front of the MEPs the incoming EC president Juncker outlined the priorities of his five-year term. read more
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