Section: Bulgaria
Putin Extends Russia’s Ban on Western Food Imports by 1 Year
President Vladimir Putin has signed a decree to extend the ban on certain food imports from the US, the European Union, Australia, Canada, and Norway by one year in response to the EU’s decision to prolong the sanctions against Moscow. The restrictions will be extended by a year starting June 24, 2015, according to reports of the TASS news...
NATO DefMins to Discuss Eastern Europe Deployment
US Defense Secretary Ashton Carter and other NATO countries’ defense ministers are set to meet in Brussels to work on plans for sending heavy weapons to six Eastern European states.The move is aimed at prevention against what the alliance sees as Russia’s potential “aggression” in Eastern Europe following the developments...
Romania Gives Green Light to Building 2 NATO Centers
Romania’s Parliament has passed a motion to authorize the construction of two NATO facilities in the capital Bucharest, in a move President Klaus Iohannis says is crucial to security in Eastern Europe. Approved overwhelmingly by MPs, the move is needed “within the context of the Ukraine crisis” and “the aggressive actions...
Eastern Partnership starts as formal initiative, yet with serious consequences
The Eastern Partnership is an initiative of the European Union governing its relations with its neighboring states. The initial idea that envisaged development of the neighborly relations turned quite divergent. On one hand, it envisaged a common policy framework towards Libya and the Palestine and on the other hand it aimed at establishing...
International Powers Discuss Minsk Ceasefire Progress in Paris
The Foreign Ministers of France, Germany, Ukraine and Russia will be meeting Tuesday in the French capital Paris to hold talks on the Ukraine crisis, Reuters reported. The French Foreign Minister Laurent Fabius stated on June 17 that the government representatives will be discussing the effective execution of the ceasefire deal that was Sergey...
EU Extends Sanctions on Russia
EU foreign ministers agreed Monday to back the extension of economic measures imposed on Russia until June of next year.This is a six-month addition to measures which would have otherwise expired at the and of January 2016. EU has extended economic sanctions against Russia until 31 January 2016, with a view to complete implementation of Minsk...
Two US Tanks Roll into Bulgaria
A pair of M1A2 Abrams battle tanks have arrived in Bulgaria by plane, the country’s Defense Ministry has said.The vehicles, flown into Bulgaria from the American Rammstein Air Base in Germany, are due to take part in the Power Shock drill at the Novo Selo military ground near Sliven.The exercises is part of NATO’s war games unfolding...
Fitch Reaffirms Bulgaria’s Credit Rating at BBB- with Stable Outlook
Fitch Ratings on Friday affirmed Bulgaria’s long-term foreign and local currency Issuer Default Ratings (IDR) at BBB- and BBB, respectively.Outlook for both ratings are stable, Fitch said in a statement. GDP growth is projected at 1.2% for 2015 and 1.5% for 2016 respectively, “below potential growth, which is estimated to be between...
Ognian Donev: Pro-generic medicine policy favors society
According to one of the purposes of the latest healthcare strategy, Bulgaria has to spend more public funds for medical treatment of patients with generic medicines, which are much cheaper than the original drugs. Thus, this country would be able to save a substantial amount of money. Chairman of the Board of Directors of Sopharma pharmaceutical...
Worldwide Displacement Hits New Hight, UNHCR reports
Conflicts and violence across the world have increased the number of people forced to leave their homes to the record 60 million on a global scale, as reported by the UN. The number of people going away from their homes has increased by 8,3 million since 2013, marking the biggest increase in history, according to a recent UNHCR global trends...
