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Bulgaria's Jan-May Exports to EU Up 49% Y/Y
In the period January - May 2011 the Bulgarian exports to the EU increased by 48.7% compared to the corresponding period of the previous year and amounted to BGN 9.6 B. ...
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Bulgaria's Unemployment Rate Crawls Down
Bulgaria's unemployment rate has seen a negligible drop in July 2011, latest data of the State Employment Agency shows. A total of 315 375 persons were officially registered as unemployed in Bulgaria at the end of July, which is 2 962 fewer compared with the end of June. The official unemployment rate figure is estimated at 9....
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Bulgaria's Export May Suffer from Debt Crises in US, Europe
Bulgaria's export may be hit by the debt crisis in the US and many European countries, according to Georgi Stoev, economist and managing associate at Industry Watch. In a Monday interview for Darik radio, he said that the world was now much better prepared for a new wave of an economic and financial crisis and was set to face a longer period of stagnation than originally forecast. The economic ...
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Ex EU Commissioner Named Favorite in Bulgaria's Presidential Race
Austrian daily Der Standard has declared former EU Commissioner Meglena Kuneva as the favorite to win Bulgaria's forthcoming presidential elections in October. An extensive interview with the independent presidential candidate dated August 05 sheds light on her political agenda. Bulgaria's first and former European Commissioner opens the talks with Austrian journalist Markus Bernath by rejecting ...
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Bulgaria Sets Emergency HQs over US Debt Crisis
The Bulgarian cabinet is establishing emergency headquarters to monitor financial markets in the US and Europe for threats of another economic crisis wave. The headquarters are created on the order of Deputy Prime Minister and Finance Minister, Simeon Djankov, and include Deputy Finance Ministers, Vladislav Goranov, and Boryana Pencheva, experts from the Ministry's Analysis Department and from ...
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Bulgaria's Best Swimmer Petar Stoychev - King of the Lac
Bulgaria's top swimmer Petar Stoychev triumphed with an unprecedented victory at the Travers
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Bulgaria Admits to Political Decision on Cigarette Maker Sale
The supervisory board of Bulgaria's privatization agency, a wholly political body, will take the final decision whether to sell the country's former tobacco monopoly to the sole Russia-linked bidder, the agency's head has said. "The Supervisory Board is a political body. It will have to seal the deal and decide whether the Executive Board and the investor have agreed on a reasonable and ...
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Bulgaria's Whistle Blowing Traffic Cop Faces Court Trial
Bulgaria's Interior Ministry is set to file a Court claim against traffic police officer, Konstantin Ivanov, who revealed the umbrella policy of the institution towards traffic violations committed by its donors. The information was reported by Ivanov in a Sunday interview for the Bulgarian National Radio, BNR, saying he learned about his former bosses intentions through a colleague and was ...
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Bulgaria Honors Famed Psychic Vanga
Bulgaria's famous clairvoyant Vangelia Gushterova, known as Baba (Grandmother) Vanga is remembered Sunday with a mass served in her honor. August 7th will mark the 15th anniversary of Vanga's death and scores are expected to gather at the "Rupite" site in Bulgaria's southwestern town of Petrich, sometimes referred to as the Jerusalem of the Balkans. Each year, the crowds include not only ...
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Bulgaria's Capital 'Breaths' with Temporary Street Closure
Ivan Shishman Street in downtown Sofia was turned pedestrian for Sundays until the end of August in a bid to reduce air pollution from traffic and favor commuting by foot. The Sofia City Hall has decided that this Sunday, as well as the following Sundays until the end of the month, Shishman Street will be closed for vehicles under the project called "Sofia Breathes," which was launched for the ...
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Bulgaria to Be Adversely Affected by Euro, US Debt Crises - Analysts
Bulgaria will not fail to feel the effects from the debt crises that have grappled the USA and the Eurozone, according to local economy analysts. The downgrading of the US debt rating by Standard & Poor's from AAA to AA+ will lead to instability in global stock exchanges which is bound to reflect on financing and activities of companies in Bulgaria, according to Ruslan Stefanov from the Center ...
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Bulgaria to sell stake in former AK-47 rifle maker
The move is a part of government efforts to boost public revenues. -Reuters
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Bulgaria Sells 36% Stake in Arsenal Rifle Maker
Bulgaria is opening a one-stage tender to sell the 35.8% minority stake it still holds in one of the largest military factories in the country, Arsenal Kazanlak, which produces arms suitable for use by NATO. Eligible bidders will be companies involved in weapons production....
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Bulgaria Becomes the Latest Ally to Get the Obama Treatment
By Omri Ceren Commentary In what's becoming something of a pattern for the Obama administration, the way we're conducting relations with Bulgaria is increasingly indefensible....
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Crazy days are over, insists Germany's Matthaeus
Bulgaria coach and ex-Germany star Lothar Matthaeus insists he has put his problematic recent past behind him and is focused on his goal of one day coaching a German league side.
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Bulgaria's Electoral Body Starts Accepting Presidential Bids
Bulgaria's Central Electoral Commission (CEC) starts accepting registration documents of political parties, coalitions and initiative committees for the presidential elections on August 05. Political parties and initiative committees will not be required to name their candidates but will only have to declare their participation in the presidential race by filing the respective documents. The ...
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Bulgaria to Sue Russia in Geneva over Belene N-Project
Bulgaria's state-run power grid operator has threatened to sue in Geneva Russia's state nuclear company Atomstroyexport over delayed payments on planned Belene nuclear plant. The government in Sofia however was quick to point out that this is not a counter-claim to Moscow's lawsuit at an arbitration court in Paris, which is again on due payments on the nuclear project. "The action was described ...
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Bulgaria Among Top 10 Developing Countries for Adventure Tourism
Bulgaria features on the top 10 of destinations for adventure tourism among developing countries, a survey of George Washington University in Washington DC has found. Among the developing countries, Israel, Slovakia and Chile have been highlited as the leaders in terms of adventure tourism potential, followed by Estonia, the Czech Republic, Bulgaria and Slovenia. Switzerland, Iceland and New ...
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Bulgaria Dramatically Out of Top 8 at Men's Junior World Volleyball Championship
Hosts Brazil defeated Bulgaria 23-25, 25-19, 23-25, 25-23, 15-8 in Pool A of 2011 FIVB Men's Junior World Championship Thus, the home boys grabbed the last ticket to the second phase of the tournament to which a total of eight volleyball teams are proceding. Brazilian wing spiker Ricardo Lucarelli led the winners with 20 points followed by Eduardo Loh with 15....
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Bulgaria probes LUKoil over local fuel cartel
The Bulgarian anti-monopoly commission has begun an investigation into LUKoil Bulgaria, the Bulgarian trading arm of Russia's largest privately-run oil company LUKoil, over suspected abuse of its dominant market position and possible participation in cartel agreements, Kommersant business daily said on Thursday.
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