SOFIA, March 10 (Reuters) – Bulgaria hasn’t stopped
preliminary work on the Russian-led South Stream gas pipeline
project, its prime minister said on Monday, but Sofia was
“closely monitoring” relations between Brussels and Moscow over
the turmoil in Ukraine.
The comments at a press conference came after Bulgaria’s
foreign minister over the weekend said work on the pipeline
should probably be suspended for a few days or weeks in view of
the political upheaval in nearby Ukraine.
SOFIA, Feb 6 (Reuters) – Bulgaria’s fledging bourse shot up
40 percent last year thanks to its undervalued stocks and a
recovering economy but it is unclear whether such a strong run
is sustainable in 2014, the bourse’s chief executive said.
The exchange’s blue chip index has grown 11 percent
since the start of the year, but the stocks are still far below
the level seen before the global financial crisis, which sent
the index down 80 percent in 2008.
SOFIA, Jan 30 (Reuters) – A few months ago Bulgarian Prime
Minister Plamen Oresharski’s government looked as though it
would fall as ten of thousands joined protests against endemic
Without clear leaders, the protesters ran out of steam and
now only a handful remain outside the parliament of the small
Balkan country, outflanked by so many riot police they joke it
feels like a police rally.
SOFIA, Dec 5 (Reuters) – Bulgaria’s parliament voted on
Thursday to impose a 20 percent charge on income from wind and
solar power installations next year as the Socialist-led
government struggles to keep down electricity bills and reduce
deficits related to clean energy.
The government, faced with daily protests over corruption,
has pledged to keep power costs low to avoid mass public unrest
in a country where energy bills take a big chunk of people’s
monthly income, especially during the winter.
SOFIA (Reuters) – Bulgaria’s ruling Socialists vowed on Wednesday to stay in power to pursue reforms despite continued street protests and accused their center-right rivals of using soccer hooligans to foment anti-government violence.
Hundreds of students tried to blockade parliament on Tuesday, the latest incident in months-long protests aimed at forcing the resignation of Prime Minister Plamen Oresharski’s government, which they accuse of corruption.
SOFIA (Reuters) – A Bulgarian Roma couple are the biological parents of a four-year-old blonde girl found in Greece last week, DNA tests showed on Friday, clearing some of the mystery around a case that has captured global attention.
Bulgarian prosecutors are investigating whether the mother, Sasha Ruseva, 35, sold her child. Ruseva denies this, but admits leaving a seven-month-old baby in Greece – where she was working as an olive-picker – in 2009 because she could not look after the child and had to return to Bulgaria.
SOFIA (Reuters) – Bulgaria’s Socialist-led government on Thursday survived its second no-confidence vote this month, as expected, but the motion underscored the political divisions plaguing the European Union’s poorest country.
The center-right opposition GERB party, which won most votes in a May election but lacked a partner to form a government, said it planned further no-confidence motions to keep up pressure on the cabinet in the hope of forcing its resignation.
PRAGUE/SOFIA, Sept 27 (Reuters) – Emerging European
economies are set for a tepid recovery that won’t restore them
to the pre-financial crisis boom years but should let them
weather the withdrawal of cheap money from the Federal Reserve.
That is the message from corporate executives and
policymakers who spoke at a Reuters Eastern Europe Investment
Summit this week and painted a picture of tentative business
investment starting to take up the slack from still-weak
SOFIA (Reuters) – Bulgaria’s largest bank in terms of assets, Unicredit Bulbank, plans to increase lending by up to 15 percent next year to underpin an expected economic recovery in the EU’s poorest country, its chief executive said on Wednesday.
Levon Hampartzoumian told a Reuters Investment Summit in Sofia the economy was set to grow between 1 and 2 percent next year. The rate of acceleration, he said, would depend on the economic recovery in the euro zone and the political situation.
SOFIA, Sept 24 (Reuters) – Bulgaria is gearing up for robust
growth next year on employment-focused policies despite a
challenging political situation due to months-long street
protests against its Socialist-led government, its finance
Petar Chobanov told a Reuters Investment Summit held in
Sofia on Tuesday he did not see “a political crisis,” in the
country as the streets protests against alleged corruption have
eased, after a siege of parliament in July.