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INVEST BULGARIA INVESTMENT NEWS: (1391 stories found)

EPP PRESIDENT VOICES SUPPORT FOR OUTGOING BULGARIAN PM
(25/02/2013)

Topics: Politics      General

The European People's Party (EPP) has voiced support for outgoing Bulgarian Prime Minister Boyko Borisov and his center-right party GERB. "I personally, as well as the EPP, have always stood firmly behind Boyko Borisov and GERB and will continue to do so," EPP President Wilfried Martens said in a telephone conversation with Borisov, according to the press office of GERB. Martens is quoted as saying that GERB and its Chair have the full support of the EPP for the forthcoming parliamentary...


EU AGRICULTURE MINISTERS SEEK TO DEAL WITH HORSEMEAT CRISIS
(25/02/2013)

Topics: Economy      General

The European Union's Agriculture Ministers have gathered in Brussels for talks that are focused on the growing horsemeat scandal in Europe. Authorities across Europe have started doing random DNA checks after traces of horse meat recently turned up in frozen supermarket meals such as burgers and lasagna. The scandal erupted last month when horsemeat was found in some beef meals and burgers in the UK and Ireland. Since then, supermarkets across Europe have had to withdraw affected...


RUSE METROPOLITAN NEOFIT ELECTED BULGARIAN PATRIARCH
(25/02/2013)

Topics: Politics      General

Ruse Metropolitan Neofit has been elected Patriarch of the Bulgarian Orthodox Church by the Holy Synod's national church council. Neofit prevailed over two other candidates at runoff. The three who were were chosen after prolonged debates and stalemates last weekend were: Neofit, the Stara Zagora metropolitan Galaktion, and Lovech's Gavriil. The news about Neofit's election was announced Sunday by interim Patriarch and Sofia Metropolitan, Kiril. Neofit collected 90 votes at runoff...


BULGARIAN MPS RUSH TO DECIDE FATE OF BELENE NPP
(23/02/2013)

Topics: Economy      General

The Bulgarian Parliament will hold an emergency sitting Tuesday to decide on the fate of the project to build a second Nuclear Power Plant in the Danube town of Belene. The reason for the above are the results of the January 27 referendum on the development of nuclear energy in Bulgaria through the construction of a new nuclear power plant, which showed that the issue would be conclusively decided by Bulgaria's Parliament. Under the law, the recent referendum results impose for the Belene...


7,000 GATHER IN SOFIA TO SUPPORT RESIGNED BULGARIAN PM -
(21/02/2013)

Topics: Politics      General

The pro-Putin-style ralliers who assembled in front of Parliament to support PM Boyko Borisov as it the house voted on his resignation have reached 7,000, according to police data. News agencies give much lower but still significant estimates, quoting numbers in the 2,000-3,000 range. After the resignation was passed almost unanimously by Parliament, Borisov and his cabinet ministers walked out to be greeted by their supporters. The resigned PM addressed the multitude, thanking them...


BULGARIA OUTGOING PM: ETHNIC TURKS LEADER DOGAN ORDERED MY ASSASSINATION
(21/02/2013)

Topics: Politics      General

Bulgaria's outgoing prime minister, who resigned shockingly on Wednsday, accused the ethnic Turkish party leader of plotting an assassination attempt on his life. Speaking from the parliamentary rostrum just minutes after parliament accepted with overwhelming majority the resignation of his government, Boyko Borisov said Ahmed Dogan wanted him dead, citing a document from the intelligence of a foreign country. “The intelligence agency of a partner country has provided documents, which...


BULGARIA PRESIDENT TO GIVE MANDATE TO GERB PARTY ON MONDAY
(21/02/2013)

Topics: Politics      General

Bulgaria's President Rosen Plevneliev said he will hand down on Monday the mandate for forming a new government to the biggest party in parliament – center-right GERB. His statement came shortly after parliament accepted Thursday the resignation handed by Prime Minister Boyko Borisov and his cabinet. "I will start talks with all parliamentary groups together as early as Friday. Why together? So that there isn't even a shadow of doubt that some behind-the-curtain coalitions have been...


BULGARIA SUCCUMBS TO EURO DEFLATION CURSE
(21/02/2013)

Topics: Economy      General

Another euro-pegged government defending an overvalued exchange rate bites the dust, a reminder that the underlying economic and social disaster across the Europe's Arc of Depression is still getting worse. Bulgarian prime minister Boiko Borisov resigned Wednesday morning after days of mass protests against austerity across the country. "I will not participate in a government under which police are beating people. Every drop of blood is a shame for us," he said. "Our power was handed to...


BULGARIAN GOVT RESIGNATION SPARKS SCHENGEN FEARS IN ROMANIA
(21/02/2013)

Topics: Politics      General

The political instability in Bulgaria may affect Romania's bid to enter the Schengen agreement, according to Romanian PM Victor Ponta. Ponta has reminded that the two Balkan countries are set to join Europe's border-free zone together, adding that his country's accession to Schengen "will be seriously influenced by the political instability of Bulgaria", according to ACTmedia. However, Ireland's Ambassador to Romania Oliver Grogan has refuted Ponta's statement, saying that the resignation...


BULGARIAN PARLIAMENT ACCEPTS GOVT RESIGNATION
(21/02/2013)

Topics: Politics      General

Bulgaria's Parliament accepted Thursday the resignation handed by Prime Minister Boyko Borisov and his Cabinet. A total of 209 lawmakers voted in favor of the proposed resignation, while 5 were against and 1 abstained from voting. Bulgarian Prime Minister Boyko Borisov made the shocking announcement Wednesday that his cabinet is to resign en masse around noon. The move follows a tumultuous week of public anger over rising electricity prices, corruption and austerity measures that ignited...


BULGARIAN PM TOO BUSY TO ATTEND VOTE ON HIS RESIGNATION
(21/02/2013)

Topics: Politics      General

Bulgarian Prime Minister Boyko Borisov is unable to attend the parliamentary vote on his and his Cabinet's resignation because he is too busy, Agriculture Minister Miroslav Naydenov has told reporters. According to Naydenov, Borisov is currently working in the Council of Ministers building in Sofia. Earlier on Thursday, opposition Bulgarian Socialist Party MP Petar Kurumbashev filed a proposal for Parliament to summon Borisov and Djankov to the sitting. The proposal was however voted...


BULGARIAN PRESIDENT SAYS CABINET RESIGNATION WAS IRRESPONSIBLE
(21/02/2013)

Topics: Politics      General

Bulgarian President Rosen Plevneliev has criticized Prime Minister Boyko Borisov for his unexpected decision to resign on Wednesday. Plevneliev admitted that he was surprised by the move. "The politically responsible option was for the Cabinet to finish its term," the President told reporters. Plevneliev also said that he will hand down on Monday the mandate for forming a new government to the biggest party in parliament – Borisov's center-right GERB, as the Constitution...


CNN: BULGARIAN ASSEMBLY OKS GOVERNMENT RESIGNATION
(21/02/2013)

Topics: Politics      General

Bulgaria's National Assembly voted Thursday to accept the government's resignation, assembly press official Maria Missova said. Out of 240 assembly deputies, 215 were present, 209 voted yes, 5 no, and 1 abstained, she said. Prime Minister Boyko Borisov tendered his government's resignation Wednesday after eight days of nationwide protests over high energy bills, his office said. Protests against soaring electricity bills have morphed into wider discontent over austerity and the way the...


POTENTIAL NOMINEES FOR BULGARIA'S CARETAKER PRIME MINISTER
(21/02/2013)

Topics: Politics      General

Following the collective resignation of the center-right GERB government, the big question in Bulgaria is who will be appointed caretaker Prime Minister. The caretaker Prime Minister, who is to be appointed by President Rosen Plevneliev, will be a decisive figure over the next two months because the person will be in charge of holding fair and peaceful elections. After announcing the collective resignation of the Cabinet on Wednesday, Prime Minister Boyko Borisov made clear that...


PROTESTERS CALL ON BULGARIAN PRESIDENT TO ELIMINATE CORRUPTION IN JUDICIARY
(21/02/2013)

Topics: Economy      General

Around 500 members of the Anti-mafia civic association are protesting in front of the President's Office in Sofia, prior to the anticipated official statement of Rosen Plevneliev on the situation in the country in the aftermath of the collective resignation of the government. According to reports of the Bulgarian National Radio (BNR), the people are voicing their discontent with the judiciary, saying that the head of state is currently the only guarantor of statehood in the...


BULGARIA S ETHNIC TURKS DEMAND EUROPEAN MINORITY STATUS
(04/02/2013)

Topics: Politics      General

Ethnic minorities in Balkan countries should be granted a "European minority status" to integrate them better into society, the new leader of Bulgaria's Turkish party has demanded. This designation should be highlighted throughout Europe as a brand new concept for the integration of minorities, the new leader of Bulgaria's ethnic Turkish party, the Movement for Rights and Freedoms, Lyutvi Mestan, said in an interview for Today's Zaman. The idea of giving religious and ethnic...


PROTESTERS STOP FELLING OF 200-YEAR-OLD TREE IN SOFIA
(04/02/2013)

Topics: Interesting Facts      General

Nearly 100 people gathered in Bulgarian capital Sofia's Ovcha Kupel on Sunday in an effort to rescue a 200-year-old Platanus tree from felling. Photo by cross.bg Nearly 100 people gathered in Bulgarian capital Sofia's Ovcha Kupel on Sunday in an effort to rescue a 200-year-old Platanus tree from felling. Municipal authorities planned to cut down the tree early on Sunday in order to make way for the construction of a new supermarket. Protesters have pointed out that the tree...


AMENDMENTS TO BULGARIA'S ENERGY EFFICIENCY ACT PASS FIRST READING
(03/02/2013)

Topics: Economy      General

Bulgaria's Parliament has adopted at first reading amendments to the Energy Efficiency Act. The amendments initiated by the government were passed Friday with 79 votes in favor, 3 against, and 14 abstainees, according to reports of the Focus news agency. The amendments envisage drafting a national plan for increasing the number of nearly zero-energy buildings and the introduction of energy performance certificates of buildings and building components. During the discussion of the bill,...


BULGARIA DECLARES CODE YELLOW OVER GUSTY WINDS
(03/02/2013)

Topics: Interesting Facts      General

Code yellow has been declared for twenty three Bulgarian regions Sunday over the forecast for gusty winds. The forecast has been issued by the Institute for Meteorology and Hydrology at the Bulgarian Academy of Sciences, BAS. Code yellow means potentially dangerous weather, where the forecast is not for unusual meteorological events, but requires people to exercise caution. Only 5 regions – Vidin, Montana, Pazardzhik, Plovdiv and Smolyan are under code green. The weather...


BULGARIA TO INTRODUCE SEASONAL ELECTRIC POWER TARIFFS.
(03/02/2013)

Topics: Interesting Facts      General

In addition to day and night prices of electric power, Bulgaria will introduce soon a seasonal tariff. The new electric power fees are included in a draft decree of the State Commission for Energy and Water Regulation, DKEVR. The directive is one from a number of administrative acts from the Electricity and Gas Directives requested by the European Commission. It was reported on January 24 that EC was referring Bulgaria, Estonia and the United Kingdom to the Court of Justice of...



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