Bulgarian News

NEC Calls for 10% Increase in Electricity Prices from July 1st

NEC Calls for 10% Increase in Electricity Prices from July 1st

07:57 | 28.04.2017 | by Standartnews
Bulgaria's National Electric Company (NEC) is calling for a 10-percent increase in the consumer price of electricity from July 1st, 2017. They say someone will have to "foot the bill", be it the industrial consumers or the households. At present, prosecutors are probing into legal consultancy contracts worth BGN 1 M signed by NEC's management. CEO Petar Iliev says the increase is not meant to cover the consultancy costs of the company under these contracts. He added these contracts...
Company Fined BGN 15,000 for Keeping Silent about High Concentration of Uranium in Drinkable Water

Company Fined BGN 15,000 for Keeping Silent about High Concentration of Uranium in Drinkable Water

07:41 | 27.04.2017 | by Standartnews
The water supply and sewerage company in the town of Velingrad has been imposed a fine in the amount of BGN 15,000, the national radio has reported. The reason for the fine is that the company withheld information of increased concentration of Uranium in the town's wells of drinkable water for four months – the results of the tests became available on December 29th, but the water utility alerted the Regional Health Inspectorate in Pazardzhik a late as on April 19th.
Investor Media Group Launches a New English-Language Publication for the Business Community

Investor Media Group Launches a New English-Language Publication for the Business Community

06:47 | 26.04.2017 | by Standartnews
  Investor Digest is the new luxurious quarterly magazine on the Bulgarian media market. It targets the English-speaking business audience, offering interesting and in-depth analyses from Investor.bg, Bloomberg TV Bulgaria and the monthly print publication of Investor Media Group - Bulgaria ON AIR Тhe Inflight Magazine. Investor Digest is distributed for free to all diplomatic missions and trade representation offices in Bulgaria, in leading hotel chains and on board of the...
Energy Experts Hristo Kazandzhiev: Bulgaria has no leverage with Gazprom to negotiate lower natural gas prices

Energy Experts Hristo Kazandzhiev: Bulgaria has no leverage with Gazprom to negotiate lower natural gas prices

08:20 | 24.04.2017 | by Standartnews
According to renowned energy expert, Hristo Kazandzhiev, the decision of the State Energy and Water Regulatory Commission to increase the consumer price of natural gas in Bulgaria by 30% as of April 1st 2017 was politically rather than economically motivated. In reality, the price of natural gas should have gone up by about 17%, his calculations show. Sadly, at present Bulgaria has no alternative to the Russian supplies of natural gas, so the government has no leverage with Gazprom to...
Bulgaria Secures 40% of its EU Funds for 2014-2020

Bulgaria Secures 40% of its EU Funds for 2014-2020

08:04 | 24.04.2017 | by Standartnews
Forty percent of the funds that Bulgaria is going to receive from the EU under operative programs over the 2014-2020 programming period has already been agreed. The information comes from the National System for Management and Monitoring of EU Funds. By 2020, the total budget of the EU operative programs is BGN 17.712 B. Of these, slightly over BGN 15 B is going to come from the EU and the rest BGN 2.639 B is national co-financing. By April 21st, Bulgaria managed to secure 40% of...
Kamenitza JSC: There is no uranium in our beer

Kamenitza JSC: There is no uranium in our beer

08:09 | 21.04.2017 | by редактор
"There is no uranium in the water that we use to brew our beer. We guarantee that it is 100% pure. We fully control the process of quality control that the water passes before it enters the brewery. This process also includes monitoring the content of radioactive metals, such as Uranium," said Anton Karlov, Legal and Corporate Affairs Manager at Kamenitza JSC, as quoted by marica.bg. "Kamenitza's brewery is located in Haskovo's north industrial zone. It has its own water source –...
Cyclone Peter Brings Snow and Cold to Bulgaria

Cyclone Peter Brings Snow and Cold to Bulgaria

08:29 | 20.04.2017 | by Standartnews
Cyclone Peter that had been moving to the southeastern parts of Europe reached Bulgaria last night, surprising many with some late April snowfalls and unusually cold weather. Weathermen say Peter will be reigning until the beginning of next week and more snowfalls are expected in the mountains and the high plains in western Bulgaria. Right now, the city of Sofia is seeing some light snowfall, but a stable snow cover has not formed, yet. It appears that the decision of the central...
Veselin Topalov Signals Prosecutor’s Office against Unlawful Actions of Former Sports Minister

Veselin Topalov Signals Prosecutor’s Office against Unlawful Actions of Former Sports Minister

14:34 | 18.04.2017 | by Standartnews
The foundation of Bulgaria's best chess player of all time, GM Veselin Topalov, has sent a letter to the office of Prosecutor-General Sotir Tsatsarov, alerting him of some "unlawful actions" on the part of Mr. Krasen Kralev, former Youth and Sports Minister. The letter reads that by unilaterally terminating the contracts between the Bulgarian state and sports club CSKA, allowing the latter to use the Bulgarian Army Sports Complex and Pancharevo training facility, Mr. Kralev inflicted...
Borisov and Simeonov Announce Their New Cabinet

Borisov and Simeonov Announce Their New Cabinet

14:17 | 13.04.2017 | by Standartnews
Boyko Borisov, leader of Bulgaria's largest political party, GERB, and Valeri Simeonov, leader of the United Patriots, announced at a joint press conference that they were ready to form Bulgaria's next Cabinet "We are pleased to announce that we have agreed on a common government program it spreads on 21 pages and covers the period from 2017 to 2021. So our new coalition may be called Bulgaria 2017-2021," Simeonov said. "Bridging our differences on some of the key points in the...
Bulgarian Business Calls for Food Laws

Bulgarian Business Calls for Food Laws

09:26 | 11.04.2017 | by Standartnews
Are there going to be measures aimed at cushioning the retail prices shock, caused by the April 1st hike in the price of natural gas? How are the Bulgarian companies going to be compensated for the 30% increase in the price of Russian natural gas for Bulgaria and the one-percent increase in the price of electricity for big, industrial consumers? Finally, when are there going to be some efficient food laws? These are some of the questions that are going to be raised at today's discussion...
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