Section: Bulgaria
Bulgarians in Crimea create cultural autonomy
The Bulgarians residing in the Crimea decided to create a regional national and cultural autonomy, announced that Bulgarian cultural center Izvor. The statute of “National cultural autonomy” was inaugurated in Russia in 1996. It gives national minorities the possibility to display their own culture, language and national education. Local...
World Bank OKs USD 378.4 M Loan for Power Sector Upgrades in Ukraine
The World Bank’s Board of Executive Directors approved Monday a USD 378.425 M loan for the development of Ukraine’s energy sector. The sum was allocated to a project aimed at improving the reliability of Ukraine’s power transmission system and supporting the implementation of the Wholesale Electricity Market in the country,...
Russian Humanitarian Aid Convoy Enters Ukraine’s Donbass
As many as 90 Russian trucks have delivered loads of humanitarian aid to the Donbass region in Eastern Ukraine. The convoy has transported there medicaments, construction and New Year presents.Deliveries have a total weight of 1.4 tons. Some reports say the amount is higher and even put the number of trucks at up to 170. Pictures from photo...
A pat on the shoulder
In the very beginning of the accession talks between Bulgaria and the EU Germany said that it would be advocating for Bulgaria’s membership. Eight years after the accession of Bulgaria to the European Union, Bulgaria is again looking for Berlin’s assistance. The first official visit of Bulgaria’s Premier Borissov to the German...
Fitch Maintains Bulgaria’s Credit Rating At ‘BBB-‘ With Stable Outlook
Fitch has affirmed Bulgaria’s long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BBB-‘and ‘BBB’, respectively, with stable outlook. According to the global rating agency, the affirmation and stable outlook reflect Bulgaria’s government plans to target expenditure-driven fiscal consolidation,...
EP Approves Association With Georgia, Calls Russia to Withdraw
The European Parliament (EP) approved the EU-Georgia Association Agreement (AA) on Thursday. The AA provides for the establishment of deep political association and economic integration between the EU and Georgia, including the opening of their markets. This is the third AA in a row which the EP ratifies with its Eastern neighbours, the previous...
Lifting of Sanctions Against Russia Dependent on Ukrainian Integrity – EU
The EU’s relationship with Russia and the crisis in Ukraine were among the main topics on the agenda of the European Council summit that was held in Brussels on Thursday. German Chancellor Angela Merkel warned that the EU is not to lift the sanctions against Russia unless Russian President Vladimir Putin is willing to make major...
EU Slaps New Sanctions on Crimea Targeting Energy, Tourism
The European Union on Thursday announced additional economic sanctions against Crimea-based companies over what the bloc calls illegal annexation of the region by Russia. The new restrictions, announced ahead of an European Council summit in Brussels later on Thursday, ban all EU investment in the Black Sea peninsula and European cruise ships...
Putin Says Russia’s Economic Woes Will Be Over in Two Years
President Vladimir Putin on Thursday pledged to diversify Russia’s oil-and-gas dependent economy and said he was confident the weakening rouble will recover. He blamed Western economic sanctions imposed over Moscow’s support for pro-Russian rebels in eastern Ukraine and the slump in oil prices as the reasons for the recent fall in the...
Bulgaria’s Socialist Party Demands Cancellation of Sanctions against Russia
The Bulgarian Socialist Party (BSP) demands that Bulgaria initiates the cancellation of the EU sanctions against Russia, said the party press office. The BSP parliamentary group tabled in the National Assembly a draft proposal on the need of reconsideration of the EU policies on sanctions against Russia. The document contains three main points: a...
