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Archive for July, 2009

Macedonia appoints new ambassador to Bulgaria

Friday, July 31st, 2009

Macedonia appointed on July 31 2009 a new ambassador to Bulgaria, filling in the vacancy created a year earlier.



Border police officer in Plovdiv under arrest for soliciting bribe

Friday, July 31st, 2009


Bribe was requested, so that inspections of imported goods would go ‘without problems’.



Purvanov’s plea for Russian energy projects

Friday, July 31st, 2009


Bulgarian President Georgi Purvanov said on July 31 that Bulgaria’s new Cabinet should not turn its back on joint energy projects with Russia.



Road infrastructure agency head sacked

Friday, July 31st, 2009


Poor communication with the European Commission, exaggerated payments to outside consultants and the inability to meet meet targets and deadlines were cited as the reason for his sacking.



Bulgarian banks face rapid growth of bad loans, central bank stress test shows

Friday, July 31st, 2009


Bulgarian banks could see the share of bad loans in their portfolios rise to 16.5 per cent by the end of the year, a stress test of the Bulgarian banking sector by the Bulgarian National Bank showed.



Former Chelsea player Mutu ordered to pay 17.2M euro to club in damages

Friday, July 31st, 2009


Romanian striker is ruled to have committed breach of contract during his stay at Chelsea by failing doping test.



Coffee Republic bought out of receivership

Friday, July 31st, 2009


Coffee Republic, which owns five coffeeshops in Bulgaria, said it was bought by an Arab investor.



Bulgaria granted brief stay of execution on Sapard projects

Friday, July 31st, 2009


The European anti-fraud office agreed to give Bulgarian authorities three months to investigate allegations that 42 meat and milk processing firms embezzled European Union funds



Legend Sir Bobby Robson dies aged 76

Friday, July 31st, 2009


Bobby Robson, the former England manager and player will be remembered for his humour, a true gentleman, good nature, as a great tactician and leading England to the 1990 World Cup semi-final.



S&P affirms UniCredit Bulbank credit rating

Friday, July 31st, 2009


Whether the bank remains the leader on the deposits segment, where it had 14 per cent market share at end-March, would depend on the aggressive deposit strategies adopted by other institutions