: :inin Kyiv (EET)

Section: Bulgaria

IMF Calls for Better Banking Supervision in Bulgaria
Mar14

IMF Calls for Better Banking Supervision in Bulgaria

The IMF called for better banking supervision in Bulgaria in the concluding statement of its mission to the country, which was released on Friday. The IMF notes that the collapse of Corporate Commercial Bank (KTB) and the deterioration in the fiscal balance tested the country’s macroeconomic and financial stability. The statement highlights...

EU Unlikely to Impose New Economic Sancions Against Russia
Mar13

EU Unlikely to Impose New Economic Sancions Against Russia

European Union (EU) leaders are unlikely to reach an agreement on the prolongation of economic sanctions against Russia at their forthcoming summit next week. The current sanctions, which are expiring in July, are not likely to be extended as long as the Minsk ceasefire in eastern Ukraine is observed, EurActiv reports. However some member states...

Bulgaria’s Foreign Minister, Serbian Counterpart Discuss Joint Projects
Mar13

Bulgaria’s Foreign Minister, Serbian Counterpart Discuss Joint Projects

Bulgarian Foreign Minister Daniel Mitov and his Serbian counterpart Ivica Dacic discussed Friday in Belgrade issues of mutual interest related to the implementation of joint energy and transport projects and opportunities for expanding economic cooperation. Mitov and Dacic agreed that a joint sitting of the governments of Bulgaria and Serbia had...

Is Bulgaria mother or wicked stepmother to Bessarabian compatriots?
Mar13

Is Bulgaria mother or wicked stepmother to Bessarabian compatriots?

Just some twenty years ago Bulgarians used to live with the thought that war in Europe had remained in history books. However, in 1999 the bombing of neighbouring Yugoslavia came. Earth slowly absorbed the Slavic blood, as silent witnesses remained the jagged buildings in the center of Belgrade. It seemed that everything went quiet but artillery...

Sudden Decrease in Bulgarian Wine Exports to Russia
Mar12

Sudden Decrease in Bulgarian Wine Exports to Russia

Bulgarian wine exports to Russia have marked a considerable decrease. In the words of Krasimir Koev, head of Bulgaria’s Execute Agency on Vine and Wine (EAVW), the main reasons are the tragic events in Ukraine as well as the devaluation of the Russian ruble, as reported by the Argumenti Nedeli daily. Koev noted that up until 2014, half of...

Russia’s Stroytransgaz to Build Gas Pipeline in Macedonia
Mar12

Russia’s Stroytransgaz to Build Gas Pipeline in Macedonia

Russian company Stroytransgaz will start building a gas pipeline in Macedonia that would link the Balkan country’s gas network system to neighbouring Greece. Stroytransgaz had been commissioned for the construction of the section of Russia-led South Stream gas pipeline in Macedonia’s eastern neighbour Bulgaria. However, it pulled out...

IMF Approves New USD 17.5 B Funding Plan for Ukraine
Mar11

IMF Approves New USD 17.5 B Funding Plan for Ukraine

The International Monetary Fund (IMF) has approved a new USD 17.5 B financial aid package for Ukraine to help the country stave off collapse of its economy. The new funding plan replaces the existing two-year USD 17 B aid programme from April 2014 that proved inadequate to stabilize Ukraine’s finances as the country fights an insurgency by...

NATO Secretary General Accuses Russia of Continued Presence in Ukraine
Mar11

NATO Secretary General Accuses Russia of Continued Presence in Ukraine

NATO Secretary General Jens Stoltenberg accused Russia of its continued presence in Ukraine and called Moscow to withdraw all its forces and end its support for separatists in eastern Ukraine. This statement came after a meeting of NATO’s senior military commanders at the Supreme Headquarters Allied Powers Europe (SHAPE) in Mons, Belgium on...

EU is to face big challenges, Steinmeier says in Sofia
Mar11

EU is to face big challenges, Steinmeier says in Sofia

Germany is a key partner to Bulgaria and the political and economic cooperation between the two countries testifies on that. The federal republic is a leading investor here with over 5,000 companies and a record turnover of more than EUR 6 billion per year. Both countries are looking for opportunities for an even broader cooperation not only in...

Russia Retracts from Treaty on Conventional Armed Forces, Collaborates with North Korea
Mar11

Russia Retracts from Treaty on Conventional Armed Forces, Collaborates with North Korea

Russia announced Wednesday it would stop its participation in the Joint Consultative Group and in particular of the Treaty on Conventional Armed Forces in Europe. The agreement was signed back in 1990 among the members of the 16 NATO state members and the six Warsaw Pact countries. The document outlined the limits to military forces in Europe, as...

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