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Sources : YahooNews

Bulgaria Won't Boycott Euro 2012 over Tymoshenko [May 14, 2012] Bulgarian officials will not boycott the Euro 2012 football championship in Ukraine due to concerns about the treatment of jailed former PM Yulia Tymoshenko, Bulgarian Foreign Minister Nikolay Mladenov has said. "Boycott is definitely not the way that we should be following," Mladenov has told reporters in Brussels, adding that the EU should engage in a constant dialogue with Ukraine. "If EU ... [via YahooNews] More >>

Bulgaria's Retirement Age for Both Sexes to Match after 2020 [May 14, 2012] Retirement age in Bulgaria for males and females will be the same after 2020, according to the Minister of Social Policy and Labor, Totyu Mladenov. Mladenov explained Monday that in 2017 retirement age for men would reach 65 while by 2020 the one for females will be 63, and it will increase, along with the required years of service, by 4 months each year for both sexes. He added that making ... [via YahooNews] More >>

Bulgaria Volleyball Team Coach Radostin Stoychev Kicked Out [May 13, 2012] Radostin Stoychev, Bulgaria's volleyball team coach, was dismissed on Sunday, a day after the heavy favorites for the 2012 Olympic Games-European Qualification Tournament were defeated by Germany in the second semifinal. Former coach, Italian Silvano Prandi, will take over the helm of the team, the volleyball federation announced, confirming earlier media speculations. Germany pulled off a huge ... [via YahooNews] More >>

Bulgaria Right-Winger to PM Borisov: It's the Economy, Stupid! [May 13, 2012] Bulgarians' hype over Prime Minister Boyko Borisov will be last-lasting, but the country's economic woes will one day debunk the myth of his charisma, a psychologist and former right-wing member of parliament has forecast. "One thing is crystal clear and we should admit it ? nobody can challenge Borisov in his talent to give people rich emotions, just like a tabloid TV broadcast does," Dr ... [via YahooNews] More >>

IMF Upbeat about Bulgaria due to Euro Area Recovery in H2 [May 13, 2012] Bulgaria's growth continues to slow, mostly reflecting external headwinds, but there is room for optimism due to the expected euro area recovery in the second half of the year, IMF mission chief for Bulgaria has said. "Real GDP growth is projected to reach 0.8% in 2012, which is lower than our previoud forecast.... [via YahooNews] More >>

Bulgaria's Kyustendil Votes for Local 'Parliament' [May 13, 2012] Bulgaria's western city of Kyustendil is holding Sunday elections for new municipal councilors. Nearly 58 500 voters can cast a ballot for 19 runners, of whom 3 are independent, while the rest represent 2 coalitions and 14 political parties. There are 119 polls, one of them with handicap access.... [via YahooNews] More >>

Bulgaria Wins 2nd Gold in Rhythmic Gymnastics World Cup [May 12, 2012] Bulgaria's rhythmic gymnastics group has won the gold medal in the 5 balls contest at the FIG Rhythmic Gymnastics World Cup Saturday in Sofia, Bulgaria. This is the ensamble's second gold after their Friday win at the twelve events Friday. Saturday the Bulgarians received 27.... [via YahooNews] More >>

Bulgaria-Greece gas link to be ready by 2015 [May 11, 2012] Greece and Bulgaria plan to complete the construction of a 200-million-euro pipeline connecting their natural gas grids by 2015, said Elio Ruggeri, chief executive officer of IGI Poseidon SA. [via YahooNews] More >>

Amer Sports to Make Bulgaria World's Largest Ski Producer in 2013 [May 11, 2012] Bulgaria will become the largest producer of ski in the world by 2013, the industrial manager of Amer Sports Bulgaria Yordan Lambrev announced at the Bulgaria: Business UP investment conference in Sofia. Finnish company Amer Sports bought the ski manufacturing plant in the southern Bulgarian town of Chepelare four years ago, and has invested more than EUR 30 M in it since, Lambrev stressed. In ... [via YahooNews] More >>

Bulgaria to Set Up Company for Construction of Its 1st Hi-Tech Park [May 11, 2012] Bulgaria's government is about to establish a company that will take care of the construction of the country's first hi-tech park, Sofia Tech Park, Bulgarian Economy Minister Delyan Dobrev has announced. "As far as Sofia Tech Park is concerned, we are yet to provide it with the necessary shape, but we will establish a company next week in order to fulfill it," Dobrev said during the ... [via YahooNews] More >>

Diplomats Praise Bulgaria's Business Environment, Advise Less Red Tape, Corruption [May 11, 2012] Bulgaria is overall attractive for business investors over low taxes, stable fiscal system, low labor cost, but still needs to eliminate bureaucracy, corruption and reform the judicial system in order to do better. A total of 10 ambassadors to Sofia and diplomats joined around the opinion Friday during a panel discussion held in the frame of the first Bulgaria: Business UP investment conference ... [via YahooNews] More >>

Bulgaria's Litex Motors, Great Wall Plan 50 000 Cars per Year, Bus Factory [May 11, 2012] Bulgarian company Litex Motors and its Chinese partner Great Wall Motors plan to produce 50 000 cars per year within five years, announced Anton Dontchev, Litex Motors' representative in China, at the Bulgaria: Business UP conference. "Our talks for partnership with Great Wall Motors started in November 2009, and we are very proud that exactly three years later the factory started manufacturing ... [via YahooNews] More >>

Bulgaria Needs to Reform Healthcare, Retirement Systems - Unicredit Official [May 11, 2012] Bulgaria should undertake urgent reforms in its healthcare and retirement systems in order to improve its competitiveness, according to Andrea Casini, Deputy chairmain of the MB and Chief Operative Officer at Unicredit Bulbank. Casini assessed the competitiveness of Bulgaria's economy with a score of 6 out of 10, adding that the state should encourage new business incentives and stimulate young ... [via YahooNews] More >>

Experts, Investors See Bulgaria's Energy Sector as Success-Hurdles Mix [May 11, 2012] Bulgaria's energy sector is a mix of a number of success stories and shortcomings and hurdles, it emerged Friday during a panel discussion held in the frame of the first Bulgaria: Business UP investment conference. Energy effectiveness is a global issue and a priority even in the most developed industrial countries in the world all while Bulgaria is lagging at the bottom of the EU by its energy ... [via YahooNews] More >>

FinMin after IMF Visit: Bulgaria Not Perfect, but Among the Best in EU [May 11, 2012] Bulgaria's finance minister has voiced satisfaction with the conclusions of the latest IMF mission, though conceding that the situation was not very rosy. "The findings do not mean that everything is rosy, but in terms of fiscal, banking and budget policy, Bulgaria is one of the few EU countries that are currently doing well," Minister Simeon Djankov commented. IMF concluded its mission to ... [via YahooNews] More >>

Bulgaria's 1st Hi-Tech Park to Be Completed 2015 [May 11, 2012] Sofia Tech Park, Bulgaria's first hi-tech park, will be fully completed in 2015, according to Evgeni Angelov, Advisor to Bulgarian President Rosen Plevneliev on investments and economy matters. Angelov announced that the project company for the hi-tech park will be registered this week and that it will have a budget of BGN 100 M. The main focus of Bulgaria's first hi-tech part will be the ICT ... [via YahooNews] More >>

1st Investment 'Bulgaria: Business UP' Conference Kicks Off in Sofia [May 11, 2012] The First International Investment Conference "Bulgaria: Business Up" is taking place in the Bulgarian capital Sofia on Friday. "Bulgaria: Business UP" is a new initiative designed to analyze and promote Bulgaria's advantages as a foreign investment destination. The forum will be opened by Bulgarian Economy Minister Delyan Dobrev, Deputy Finance Minister Boryana Pencheva, and InvestBulgaria ... [via YahooNews] More >>

Economy Minister: Low Taxes Top Reason to Invest in Bulgaria [May 11, 2012] Bulgaria's major and most important advantage for attracting foreign investors are its low taxes, Bulgarian Economy Minister Delyan Dobrev stated at the opening of the first Bulgaria: Business UP investment conference. "Why invest in Bulgaria? The major advantage is the low taxes. I am sure that this is 80% of the investment decision.... [via YahooNews] More >>

Deputy Finance Minister: Bulgaria Stands Out in Its Region [May 11, 2012] Bulgaria stands out in its region when it comes to macroeconomic, financial, and banking stability, Bulgaria's Deputy Finance Minister Boryana Pencheva stated at the opening of the "Bulgaria: Business UP" investment conference. "This is the first time this year that we are talking about growth and investments, which is a really good thing. Bulgaria is indeed emerging better and better on the ... [via YahooNews] More >>

Bulgaria Shies Away from Smoking Ban in Open Public Spaces [May 10, 2012] Bulgaria's parliamentary health committee voted on Thursday against the proposed ban on smoking in open public spaces, such as stadiums and bus stations. In April, Bulgaria's Parliament passed on first reading a bill banning smoking in closed public spaces, including cafes, bars and restaurants, regardless of size. The ban will enter into force on June 1. ... [via YahooNews] More >>

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