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SOFIA MORNING NEWS FOR 2014-08-21
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21 August 2014, Issue 4007
by Novinite.com
Bulgaria's Daily Newspaper since 2001
9964 subscribers of Novinite.com
145518 articles
590 interviews
9375 pictures
 
BUSINESS POLITICS WORLD SOCIETY SPORTS FORUM
 
Oettinger Pledges Full Support for Bulgaria's Energy Board


EU Energy Commissioner Gunther Oettinger has told Deputy Prime Minister Ekaterina Zaharieva he entirely supports the establishment of an energy board in the country.read
Bulgarian Telco Vivacom Engaged in Unfair Practice - Supreme Court


Bulgaria's Supreme Administrative Court (VAS) has upheld unfair commercial practice accusations of the consumer protection watchdog against telecom operator Vivacom. read
Bulgaria's Interim Finmin Porozhanov Voices Concern about KTB


Interim Finance Minister Rumen Porozhanov has voiced concern about the impact of putting Corporate Commercial Bank under special supervision on Bulgaria’s banking system. read
 
 
NOVINITE INSIDER
Momchil Doychev: South Stream Violates both EU and Bulgarian Law

Ivan Ivanov: BEH Board of Directors Should be Fully Overhauled

» More

MORE TOP NEWS
Ukraine Ready to Compromise on Russian Gas Price

Bulgaria to See Increase in Asylum Seekers – Expert

Bulgaria's 131km Border Fence Plan May Trigger Infringement Procedure

All BoD Members of Bulgarian Energy Holding Must Be Replaced– Expert

Bulgaria Tightens Control over Honorary Consuls

US Air Force F-15 Deploy to Bulgaria for Bilateral Training Event

Bulgaria's Caretaker Govt Replaces 3 More District Governors

Ukrainian Flag Raised Over Iconic Moscow Skyscraper

Bulgarian Govt to Allocate BGN 16M for Natural Disaster Recovery

IS Purportedly Beheads US Reporter James Foley

VIEWS ON BG
Forbes: 'The Bulgarian Banking Disaster'

Sofia’s Latest Move to Halt South Stream “Could Be More Serious”

South Stream Could Consider ‘Plan B’, Russian Journalist Says


UPS & DOWNS
Bulgaria C-bank Allows Corpbank’s Debtors to Repay Loans

Local policeman investigated for allegedly stealing aid for Mizia flood victims
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TOP NEWS
SOUTH STREAM BULGARIA HALTS COMMISSIONING ACTIVITIES

South Stream Bulgaria has announced it will suspended all public procurement activities and will not sign contracts related to the South Stream gas pipeline.

In a message to the media quoted by the website Dnevnik.bg, the Bulgarian-Russian joint venture has cited a recommendation from the European Commission to be behind the move.

South Stream Bulgaria's decision was followed by a statement on the website of the Bulgarian Energy Holding (BEH), the company which has the Bulgarian 50-percent stake of the leg.

Earlier on Monday it was revealed that the joint venture had decided to raise its capital 25 times, or to BGN 397.6 M, in accordance with a decision taken by former Economy Minister Dragomir Stoynev.

The increase was entered into Bulgaria’s Commercial Register on August 18 in violation of an order Stoynev's interim Successor, Vasil Shtonov, issued a week earlier to freeze all activities relating to the implementation of the project until the project was brought in compliance with EU regulations.

In June the EU Commission started an infringement procedure against Bulgaria over a number of "irregularities" in the pipeline's Bulgarian section.

Former Prime Minister Plamen Oresharski subsequently heeded calls from Brussels to freeze the project until discrepancies have been smoothed out.

However, reports of ongoing activities related to the construction have cast suspicions about whether the project has effectively come to a halt. read more


BUSINESS

BULGARIAN TELCO VIVACOM ENGAGED IN UNFAIR PRACTICE - SUPREME COURT

Bulgaria's Supreme Administrative Court (VAS) has upheld unfair commercial practice accusations of the consumer protection watchdog against telecom operator Vivacom.

Vivacom, the trade name of Bulgarian Telecommunication Co (BTC), engaged in unfair practices by charging penalties for the pre-term termination of remotely signed fixed-term contracts, which never actually existed and were never signed, according to a ruling of VAS, as cited by the Commission for Consumer Protection. read more


BULGARIA'S 131KM BORDER FENCE PLAN MAY TRIGGER INFRINGEMENT PROCEDURE

The 131km fence which Bulgaria plans to build at the Turkish border may lead to an infringement procedure against the country, according to Michail Ekimdzhiev.

In a Wednesday interview for the Bulgarian National Radio, human rights lawyer Ekimdzhiev said that the statement of caretaker Prime Minister Georgi Bliznashki was inappropriate for any European politician. read more


FINANCE

BULGARIA'S INTERIM FINMIN POROZHANOV VOICES CONCERN ABOUT KTB

Interim Finance Minister Rumen Porozhanov has voiced concern about the impact of putting Corporate Commercial Bank under special supervision on Bulgaria’s banking system.

State-run Bulgarian National Radio quoted Porozhanov as saying that the Bulgarian National Bank (BNB), which put Corpbank, or KTB, under special supervision in June, bears the entire responsibility for the suspension of the bank’s operations and the freezing of the accounts of enterprizes and individuals in the bank. read more


53% OF BULGARIANS DO NOT TRUST BANKING SYSTEM – POLL

Some 53% of Bulgarians do not trust the banking system in the country, according to a survey conducted by Gallup International.

Lack of trust in Bulgarian financial institutions is on the rise for second straight month. In July, it was 41%. read more


ENERGY

OETTINGER PLEDGES FULL SUPPORT FOR BULGARIA'S ENERGY BOARD

EU Energy Commissioner Gunther Oettinger has told Deputy Prime Minister Ekaterina Zaharieva he entirely supports the establishment of an energy board in the country.

Oettinger commented on the latest developments in Bulgaria's energy sector while meeting Zaharieva and interim Economy Minister Vasil Shtonov in Brussels.

The Deputy Prime Minister underscored the importance of urgent reforms in energy that the government, in her words, "has the political will" to carry out.

Both the Commissioner and the Bulgarian ministers agreed that an analysis of the sector conducted last year by the European Commission and the World Bank would serve as a good basis to create an action plan that would address the core issues.

According to the Council of Ministers' press office, Sofia restated its commitment to temporarily suspending the South Stream project until they are in compliance with EU legislation.

Oettinger for his part asserted the Bulgarian representatives that Brussels was not against the pipeline, but it had to be carried out according to EU rules.

Risks that tensions between Russia and Ukraine pose to Bulgaria's gas supplies were also a issue, with Zaharieva arguing the country could suffer up to BGN 400 M of losses as a worst-case scenario.

Oettinger, however, dismissed such an option.

Zaharieva also underlined that Bulgaria's interconnection link with Greece was an utmost priority if the country was to withstand a possible crisis. read more


ALL BOD MEMBERS OF BULGARIAN ENERGY HOLDING MUST BE REPLACED– EXPERT

Ivan Ivanov, energy expert, has suggested that the Board of Directors of the Bulgarian Energy Holding (BEH) must be replaced.

In a Wednesday interview for the Bulgarian National Radio (BNR), he insisted that the new managerial panel of BEH had to immediately dismiss on disciplinary grounds its two representatives at the South Stream Bulgaria project company. read more


DIPLOMACY

BULGARIA TIGHTENS CONTROL OVER HONORARY CONSULS

Honorary consuls of Bulgaria will be obliged to present reports on their activity to the Foreign Minister every four years.

The measure is part of a change to an ordinance on honorary consuls which has been approved by the government. read more


DEFENSE

US AIR FORCE F-15 DEPLOY TO BULGARIA FOR BILATERAL TRAINING EVENT

DOMESTIC

BULGARIA'S CARETAKER GOVT REPLACES 3 MORE DISTRICT GOVERNORS

Bulgaria's caretaker government has replaced three more district governors, thereby reaching a score of eight new district governors since August 13.

Zhivka Aladzhova, Ivan Velikov and Mihail Mihaylov, district governors of Stara Zagora, Varna and Penik, respectively, will be replaced by Dimitrinka Petrunova, Stoyan Pasev, and Boyka Petrova, according to the press office of the caretaker government. read more


NAMES OF CARETAKER PM’S ADVISERS TO BE UNVEILED THURSDAY

Bulgaria’s caretaker PM Georgi Bliznashki is expected to have about 10 advisers, dnevnik,bg has reported.

According to the media outlet, their names will be announced on Thursday. read more


SOCIETY

BULGARIA TO SEE INCREASE IN ASYLUM SEEKERS – EXPERT

Refugee influx to Bulgaria is expected to increase amid the crisis in Iraq, State Agency for Refugees deputy chair Vasil Varbanov told the national radio.

"From April's minimum when we received 320 asylum applications, in July we got 911, and in the first half of August – 615. The number of refugees from Syria remains the same, however there is an increase of people from Afghanistan. We have about 6000 places which comply with UN and EU minimum standards. We have boosted capacity for handling those refugees and we hope we can manage, but it all depends on the influx," Varbanov told BNR. read more


BULGARIAN GOVT TO ALLOCATE BGN 16M FOR NATURAL DISASTER RECOVERY

Ministers will review and pass a decree for the approval of additional costs and transfers of BGN 16,204,360 at Wednesday's session, the press office of the government announced.

The funds will be allocated mainly to municipalities for the prevention, management and overcoming the consequences of natural disasters. read more


ENVIRONMENT

MINOR 2.9-MAGNITUDE EARTHQUAKE REGISTERED WEST OF BULGARIA'S SMOLYAN

A minor earthquake measuring 2.9 on the Richter scale was registered in Bulgaria, according to reports of the European-Mediterranean Seismological Centre (EMSC).

The earthquake was registered in 4.29 am on Wednesday. read more


CRIME

BUSINESSMAN SHOT DEAD IN BULGARIA'S BOTEVGRAD

Semko Semkov, a 41-year-old businessman, was killed in the Bulgarian town of Botevgrad, the press office of the Interior Ministry announced, Wednesday.

Semkov was found shot dead in front of his home at around 7 a.m. on Wednesday, Focus News reports. read more


LIFESTYLE

MAXIM BEHAR JOINS ICE BUCKET CHALLENGE TO HELP FLOOD-STRICKEN MIZIA

Maxim Behar, founder and CEO of Sofia-based PR agency M3 Communications Group Inc.,part of global Hill+Knowlton Strategies Group, on Wednesday joined the Ice Bucket Challenge.

Bringing a Bulgarian tone to the international initiative, rather than taking a dousing with the purpose of raising money -- and bringing awareness -- to amyotrophic lateral sclerosis, or ALS, Maxim Behar has decided to channel the collected donations to the suffering people of flood-stricken Mizia. read more


VIEWS ON BG

FORBES: 'THE BULGARIAN BANKING DISASTER'

Click here to read the story:
www.novinite.com/view_news.php?id=162807


SOFIA’S LATEST MOVE TO HALT SOUTH STREAM “COULD BE MORE SERIOUS”

Click here to read the story:
www.novinite.com/view_news.php?id=162817


SOUTH STREAM COULD CONSIDER ‘PLAN B’, RUSSIAN JOURNALIST SAYS

Click here to read the story:
www.novinite.com/view_news.php?id=162820


WORLD

UKRAINE READY TO COMPROMISE ON RUSSIAN GAS PRICE

Kiev is prepared to pay an interim compromise price for Russian gas, energy minister Yuri Prodan said, and criticised Russia's Gazprom for being unwilling to negotiate.

"We are ready to talk about some kind of reasonable compromise price until the situation is resolved (by the court)...but Gazprom is not taking part in the negotiation process," Prodan told reporters. "There is no compromise yet from Gazprom's side." read more


IS PURPORTEDLY BEHEADS US REPORTER JAMES FOLEY

Jihadist militant group Islamic State (IS) has posted a video online Tuesday purporting to show the beheading of US journalist James Foley.

IS said the execution was carried out in retaliation for US air strikes against its fighters in Iraq. read more


UKRAINIAN FLAG RAISED OVER ICONIC MOSCOW SKYSCRAPER

Ukrainian flag was raised on the spire of a famous Moscow's Stalin-era skyscraper on Kotelnicheskaya Embankment early on Wednesday.

Protesters painted the Soviet star on its spire in the national colors of Ukraine and also attached a yellow and blue Ukrainian flag to the top of the 176-meter building. read more


INTERVIEW

MOMCHIL DOYCHEV: SOUTH STREAM VIOLATES BOTH EU AND BULGARIAN LAW

Click here to read the story:
www.novinite.com/view_news.php?id=162823


OPINIONS

IVAN IVANOV: BEH BOARD OF DIRECTORS SHOULD BE FULLY OVERHAULED

Ivan Ivanov, energy expert, has suggested that the Board of Directors of the Bulgarian Energy Holding (BEH) must be replaced.

In a Wednesday interview for public broadcaster BNR, he insisted that the new managerial panel of BEH should immediately dismiss on disciplinary grounds its two representatives at the South Stream Bulgaria project company. read more



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