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21 October 2014, Issue 4059
Bulgaria's Daily Newspaper since 2001
9756 subscribers of Novinite.com
|BUSINESS POLITICS WORLD SOCIETY SPORTS FORUM|
Bulgaria’s President: New Elections Are Not an Option
Bulgaria needs a functioning Parliament and a government elected by it, according to President Rosen Plevneliev. read
Conservators at Bulgaria’s Corpbank Submit Audit Report
The conservators at Corporate Commercial Bank (Corpbank, KTB) have submitted to the Bulgarian National Bank (BNB) the audit report of the financial institution. read
Cooling of US-Russia Relations to Last Long Time - Russian FM
A long period of severing ties between Washington and Moscow should be expected amid attempts to solve the Ukraine crisis, Russian Foreign Minister Sergey Lavrov warned.read
BULGARIA'S GERB TO HOLD NEW GOV'T TALKS WITH FOUR PARTIES
Center-right party GERB is to hold another round of negotiations with four parliamentary parties this week, its leader Boyko Borisov said.
Borisov also told the Bulgarian National Television a coalition involving only the Reformists should be considered "a last resort" to avoid new early elections. read more
EMPLOYMENT AGENCY DIRECTOR DECRIES INEFFICIENCY OF JOB SCHEMES
Asen Angelov, Executive Director of Bulgaria’s Employment Agency, has underscored the inefficiency of labor market policy, drawing attention to the fact that they have remained unchanged for over eight years and have only had a temporary effect.
In a Monday interview for 24 Hours daily, Angelov explains that nearly 400 000 people have undergone various trainings but the impact on the labor market has been rather insignificant both in terms of labor productivity and sustainability. read more
PRESIDENT PLEVNELIEV TO OPEN 10TH WORLD MEETING OF BULGARIAN MEDIA
Bulgaria's President Rosen Plevneliev will open the 10th World Meeting of Bulgarian Media at the Central Military Club in Sofia, Monday.
The traditional forum brings together journalists from Bulgaria and abroad. The annual event will be take place between October 19 and 23 at three different locations -Sofia and the Serbian towns of Bosilegrad and Tsaribrod (Dimitrovgrad), which are home to Bulgarian communities,Bulgarian Telegraph Agency reports. read more
CONSERVATORS AT BULGARIA’S CORPBANK SUBMIT AUDIT REPORT
The conservators at Corporate Commercial Bank (Corpbank, KTB) have submitted to the Bulgarian National Bank (BNB) the audit report of the financial institution.
KTB was placed under conservatorship by the Bulgarian National Bank on June 20 due to a bank run. read more
TSVETAN VASILEV: BNB NOT WILLING TO DISCUSS OPTIONS TO RESTRUCTURE CORPBANK
Bulgaria's central bank is resorting to "absurd" excuses to avoid carrying out its legal duties about Corporate Commercial Bank (Corpbank or KTB), its owner has said.
FINANCE MINISTRY REOPENS 10.5-YEAR ISSUE OF BGN-DENOMINATED GOVT SECURITIES
Bulgaria’s Finance Ministry reopened the 10.5 year issue of Government Securities (GS) issued on 15 January 2014 with maturity 15 July 2024.
The issue is a reference one in terms of the harmonized long-term interest rate as regards the assessment of the convergence level which is part of the Maastricht criteria in 2014, according to a media statement of the Finance Ministry. read more
KOZLODUY NPP COMPLETES PLANNED ANNUAL OVERHAUL OF UNIT 6
The planned annual overhaul of unit 6 of Bulgaria’s Kozloduy nuclear power plant has been completed and it has been reconnected to the energy grid.
The N-plant unit was recharged with fresh nuclear fuel. read more
BULGARIA'S VARNA REGISTERS HIGHER REVENUES, FEWER TOURISTS IN SUMMER 2014
Hotels in Bulgaria's Black Sea city of Varna have reported some BGN 163M revenue in the period June-August, according to data released by the regional statistical office.
Despite the cold and rainy start of the season and the crisis in Ukraine, which led to a decrease in the number of tourists, revenues from hotel stays were an average of 3% higher than in 2013, the Bulgarian newspaper Trud reports. read more
BULGARIA’S PRESIDENT: NEW ELECTIONS ARE NOT AN OPTION
Bulgaria needs a functioning Parliament and a government elected by it, according to President Rosen Plevneliev.
Speaking Monday at the opening of the 10th World Meeting of Bulgarian Media at the Central Military Club in Sofia, he noted that he was impressed by the decorum and the constructive approach which had accompanied the first round of talks on forming a government. read more
ABV’S KALFIN SAYS GERB-BSP COALITION COULD PROVIDE STABILITY
Bulgaria needs to have a stable government coalition that will place state interests above those of political parties, a leading member of left-wing ABV movement said on Monday.
“This can be achieved through a coalition between GERB and BSP,” Ivailo Kalfin said on bTV station, referring to the centre-right party led by former premier Boyko Borisov and the Socialists which together have 123 of the 240 seats in the new Parliament elected in the snap vote held on October 5. “That’s the way it is in Austria, in the Netherlands”. read more
GERB STARTS CLOSED-DOOR MEETING TO DISCUSS GOV'T OPTIONS
A session of conservative GERB party's officials is being held behind closed doors in the Bulgarian capital Sofia on Monday.
8,000 NEW JOBS CREATED IN BULGARIA UNDER EMPLOYMENT PROJECT
A total of 8,000 new jobs will be financed under an employment project as the first framework contracts with employers have already been signed, Bulgaria's National Employment Agency announced.
Some 5,000 unemployed Bulgarians are expected to be hired by the end of October 2014, money.bg reports. read more
ROAD AGENCY CHIEF WARNS ABOUT SHORTAGE OF FUNDS FOR WINTER MAINTENANCE
As Bulgaria braces for the first snowfall scheduled for Friday, the Road Infrastructure Agency warns about the shortage of funds for seasonal road maintenance.
Lazar Lazarov, Chair of the Management Board of the Road Infrastructure Agency (RIA), explained Monday that the winter road maintenance regime would be introduced after November 1, provided that the weather conditions required the measure. read more
TWO SYRIAN CHILDREN DETAINED IN BULGARIA’S VELIKO TARNOVO
Two Syrian children were detained at a gas station in Bulgaria’s town of Veliko Tarnovo.
The boys tried to escape after illegally crossing the Turkish border, private TV station TV 7 reported. read more
COURT ISSUES LIFE SENTENCE FOR GHASTLY MURDER IN SOFIA PARK
Nikolay Rusinov has been sentenced to life imprisonment for the murder of 28-year-old Yana Krasteva in Sofia in 2011.
The sentence was issued by the Sofia City Court on Monday. read more
"When you are courting a nice girl an hour seems like a second. When you sit on a red-hot cinder a second seems like an hour. That's relativity."
Albert Einstein read more
TURKEY TO ALLOW IRAQI KURDISH FIGHTERS TO ENTER SYRIA TO DEFEND KOBANE
Turkey will allow Iraqi Kurdish fighters to cross into Syria to fight Islamic State militants, Turkish Foreign Minister Mevlut Cavusoglu said on Monday.
Cavusoglu’s statement marks a major shift in the position of the Turkish government which has been under pressure from Turkey’s own Kurdish population to let Iraqi Peshmerga fighters join Syrian Kurds battling IS. read more
US DROPS ARMS TO KURDS FIGHTING IS DESPITE TURKISH WARNINGS
Kurds fighting Islamic State (IS) in the Syrian town of Kobane have received US weapons and medical aid, the Pentagon says.
LUFTHANSA PILOTS TO START 8TH STRIKE SINCE APRIL
Pilots of German Lufthansa airlines have announced their plans on Sunday to start a 35-hour strike, Monday in their continuing dispute over retirement benefits.
The pilots union, Vereinigung Cockpit, said in a statement the strike will start at 11:00 GMT on Monday and would end at 21:59 GMT on Tuesday. Short- and medium-haul flights from Germany will be affected, union spokesman Markus Walh said. read more
FIRST ALBANIAN PM VISIT TO SERBIA IN 70 YEARS POSTPONED
A trip of Albania's Prime Minister Edi Rama to Serbian capital Belgrade was put off for November after Rama spoke to Serbian counterpart Aleksandar Vucic, officials say.
CHINESE CORPORATION TO BUILD ROMANIAN NUCLEAR REACTORS
China Cheneral Nuclear Power Corporation (CGN) has been selected as the investor to develop two 740-MW units at the Cernavoda NPP, the Romanian state-owned energy utility Nuclearelectrica has said.
COOLING OF US-RUSSIA RELATIONS TO LAST LONG TIME - RUSSIAN FM
A long period of severing ties between Washington and Moscow should be expected amid attempts to solve the Ukraine crisis, Russian Foreign Minister Sergey Lavrov warned.
RUSSIA TO BAN IMPORT OF ANIMAL FAT, MEAT BYPRODUCTS FROM EU
Russia will impose a temporary ban on imports of animal fat and meat byproduct from the European Union.
According to a media statement of Russia’s veterinary service Rosselkhoznadzor, the ban takes effect on October 21. read more
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