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Dec 12, 2014

S&P cuts Bulgaria’s rating to junk on bank crisis

SOFIA, Dec 12 (Reuters) – Credit agency Standard & Poor’s
cut its sovereign credit rating on Bulgaria to below investment
grade on Friday, due mainly to widespread weakness in a domestic
banking sector hit by runs on two lenders in June.

S&P, which cut its rating from BBB-, the lowest investment
grade, to BB+, also cited the new government’s need to raise
debt to prop up local lenders. The ratings outlook was stable.

Dec 11, 2014

Bulgarian workers protest government’s pension reform

SOFIA, Dec 11 (Reuters) – Thousands of Bulgarian workers on
Thursday marched through the capital Sofia to protest against
plans to raise their retirement age, an early challenge to the
incoming government’s promise to push reforms.

Prime Minister Boiko Borisov’s minority coalition, which
came to power after a snap election in October, has proposed
raising the retirement age by four months for manual workers,
15,000 of whom are due to retire next year.

Dec 7, 2014

Steaua, the team with no name, win on surreal night

BUCHAREST (Reuters) – Deprived of their name, colours and emblem on a surreal night of football, Romanian champions Steaua Bucharest demonstrated unfamiliar weakness but kept their cool on Sunday to score in added time and beat lowly CSMS Iasi 1-0.

Romania’s most famous club, who were founded in 1947 as an army side, had their registration cancelled by Romania’s highest court on Wednesday after losing a battle over their trademark with the country’s defence ministry.

Dec 7, 2014

Soccer-Steaua, the team with no name, win on surreal night

BUCHAREST, Dec 7 (Reuters) – Deprived of their name, colours and emblem on a surreal night of football, Romanian champions Steaua Bucharest demonstrated unfamiliar weakness but kept their cool on Sunday to score in added time and beat lowly CSMS Iasi 1-0.

Romania’s most famous club, who were founded in 1947 as an army side, had their registration cancelled by Romania’s highest court on Wednesday after losing a battle over their trademark with the country’s defence ministry.

Dec 4, 2014

Fed-up Bulgarians get access to deposits at Corpbank

SOFIA, Dec 4 (Reuters) – Bulgarians began withdrawing
deposits at Corporate Commercial Bank on Thursday, more
than five months after a run on the country’s fourth-largest
lender triggered a banking crisis that left authorities
scrambling to restore trust.

Majority-owned by a local tycoon who was subsequently
charged with embezzlement, Corpbank saw more than a fifth of
deposits drain away in a week-long bank run in June, prompting
the central bank to seize control and shut it down.

Nov 27, 2014

Bulgaria charges radical imam with supporting Islamic State

SOFIA (Reuters) – A Bulgarian imam and six others detained during a special operation by security forces earlier this week have been charged with supporting the ultra-radical militant group Islamic State, Bulgarian prosecutors said on Wednesday.

Charges against Muslim prayer leader Ahmed Mussa, five men and one woman include propagating an anti-democratic ideology and incitement to war, both verbally and with videos and images, Deputy Chief Prosecutor Borislav Sarafov said.

Nov 27, 2014

Misfiring Liverpool stumble as Ludogorets earn draw

SOFIA (Reuters) – A late header from defender Georgi Terziev earned Ludogorets a 2-2 Champions League draw with an unimpressive Liverpool on Wednesday that left the English side facing a winner-takes-all final match with FC Basel.

Ludogorets went ahead in the third minute when Liverpool keeper Simon Mignolet failed to deal with an awkward bounce following Marcelinho’s long-range effort and Dani Abalo was on hand to tap in from close range.

Nov 26, 2014

Liverpool stumble again as Terziev earns Ludogorets late draw

SOFIA (Reuters) – A late header from defender Georgi Terziev earned Ludogorets a 2-2 Champions League draw with an unimpressive Liverpool on Wednesday that left the English side facing a winner-takes-all final match with FC Basel.

Ludogorets went ahead in the third minute when Liverpool keeper Simon Mignolet failed to deal with an awkward bounce following Marcelinho’s long-range effort and Dani Abalo was on hand to tap in from close range.

Nov 26, 2014

Soccer-Liverpool stumble again as Terziev earns Ludogorets late draw

SOFIA, Nov 26 (Reuters) – A late header from defender Georgi Terziev earned Ludogorets a 2-2 Champions League draw with an unimpressive Liverpool on Wednesday that left the English side facing a winner-takes-all final match with FC Basel.

Ludogorets went ahead in the third minute when Liverpool keeper Simon Mignolet failed to deal with an awkward bounce following Marcelinho’s long-range effort and Dani Abalo was on hand to tap in from close range.

Nov 26, 2014

Bulgaria charges radical imam, six others with supporting Islamic State

SOFIA (Reuters) – A Bulgarian imam and six others detained during a special operation by security forces earlier this week have been charged with supporting the ultra-radical militant group Islamic State, Bulgarian prosecutors said on Wednesday.

Charges against Muslim prayer leader Ahmed Mussa, five men and one woman include propagating an anti-democratic ideology and incitement to war, both verbally and with videos and images, Deputy Chief Prosecutor Borislav Sarafov said.

    • About Angel

      "I'm a sports correspondent based in Sofia. Alongside writing about Bulgarian sport I help the Sofia bureau by covering politics, economics and culture."
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