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- Bulgaria Government to Establish Council for Bulgarians Abroad
The Government will establsih a Council for Bulgarians Abroad, the PM announced today Photo by Yuliana Nikolova (Sofia Photo Agency) The new state policy regarding Bulgarians living outside the country provides for the establishment of a Council for the
- Heating and Bags Caused Fire in Sofia-Kardam Train - Report
Overheated radiators and improperly placed bags and clothes caused the fire in the Sofia-Kardam train, which left nine persons dead in February, according to the last experts' report. Photo by Yuliana Nikolova (Sofia Photo Agency) The fire in the
- Bulgaria's image suffers as graft, crime flourish
SOFIA: Little over a year after joining the rich boys' club, European Union newcomer Bulgaria has seen its reputation hit a low, marred by its failure to tame chronic graft and crime.Some investors say the situation in the Balkan country has become worse
- Bulgaria Banks Loan Lending Up 7% in April
Tuesday The lending of loans from banks in Bulgaria shows a 7% increase for the month of April. This statement was made by Violina Marinova, Chair of the Association of Banks in Bulgaria in front of Darik Radio. Calculated on an annual basis this would
- Bulgaria National Innovation Fund Encourages New Technologies
Tuesday Information and communication technologies, biotechnologies and renewable energy sources are just part of the priority areas slated for financing by the National Innovation Fund. This was announced by the Depute Minister of Economy and Energy
- UniCredit predict Eastern European countries Euro adoption
Bulgaria and Romania would likely join the euro zone in 2013-2014, the analytical unit of UniCredit Group said in its latest report titled ?The Euro goes Eastwards?. It also warned that the main challenge to euro zone hopefuls was soaring inflation.
- DUROPACK TO UPGRADE BULGARIAN PAPER MILL
Austrian company Duropack, owner of Bulgarian producer of papers for corrugated board, corrugated board and packages, Duropack Trakia Papir AD, plans to modernise its Bulgarian operations in August-September this year with the help of PAMA company.
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Having fought on the losing side in both World Wars, Bulgaria fell within the Soviet sphere of influence and became a Peoples Republic in 1946. Communist domination ended in 1991 with the dissolution of the USSR, and Bulgaria began the contentious process of moving toward political democracy and a market economy while combating inflation, unemployment, corruption, and crime. Today, reforms and democratization keep Bulgaria on a path toward eventual integration into the EU and NATO.
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