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Section: Bulgaria

Positive Results Noted for Bulgarian Tourism after PR Campaign
Feb26

Positive Results Noted for Bulgarian Tourism after PR Campaign

Cultural artefacts and sites were stated to be the most common associations tourists have with Bulgaria. The findings gathered after a communication campaign point to the fact that Germany is one of the major markets in Europe with an overall positive image of Bulgaria as a tourist destination. Romania is a key market in terms of revenue, while...

Donetsk People’s Republic Retreats Heavy Weapons
Feb26

Donetsk People’s Republic Retreats Heavy Weapons

The leader of the Donetsk People’s Republic, Alexander Zakharchenko said that 90% of its forces have been retreated from the contact line with Ukraine on Thursday. “The Donetsk People’s Republic gives Kiev time till 19:00 Moscow time on February 27 to begin fulfillment of the Minsk agreements of February 12 in what concerns...

EU Commission’s Juncker, Bulgarian President Discuss Possibilities for Economic Growth
Feb26

EU Commission’s Juncker, Bulgarian President Discuss Possibilities for Economic Growth

The situation in Bulgaria is not easy, because of the lack of economic growth. The average values have improved as compared to the previous year, but nonetheless Bulgaria is among the list of member states with lowest public debt. That was the statement of European Commission President Jean-Claude Juncker at a joint press conference, following a...

EU Invites Russia, Ukraine for Talks over Gas Supply Dispute
Feb26

EU Invites Russia, Ukraine for Talks over Gas Supply Dispute

The EU has invited the energy ministers of Russia and Ukraine to a meeting over gas supply problems on Monday. The European Commission Vice President for Energy Union Maros Sefcovic had sent letters to the energy ministers of the two countries inviting them to a trilateral meeting in Brussels over gas supplies, a spokesperson said on Thursday....

Port Burgas endangered by decline in cruises
Feb26

Port Burgas endangered by decline in cruises

Several cruise operators don’t feel safe across the Black Sea due to the complicated situation in Ukraine and Russia, which will lead to a decline in this type of voyages. That is why it is essential for Burgas and particularly for its harbor to attract operators, currently cruising across the Mediterranean, said CEO of Port Burgas Diyan...

Bulgaria Expects 3-4% Increase in Tourist Numbers in 2015 Summer Season
Feb26

Bulgaria Expects 3-4% Increase in Tourist Numbers in 2015 Summer Season

Forecasts of Bulgaria’s Tourism Ministry for the 2015 summer season point to a 3-4% growth in tourist numbers, according to Minister Nikolina Angelkova. In a Thursday interview for the Bulgarian National Television (BNT), Angelkova informed that forecasts indicated a decrease in the number of Russian and Ukrainian tourists, which, however,...

President Plevneliev’s visit to Brussels – the highlights
Feb26

President Plevneliev’s visit to Brussels – the highlights

The difficulties Bulgaria is facing in the context of the refugee issue and European solidarity for Schengen were yesterday’s and are still the accents in the visit of Bulgarian President Rossen Plevneliev to Brussels. The Head of State is to meet EC President Jean-Claude Junker and with the President of the European Council Donald Tusk....

Ukraine’s C-Bank Curbs Foreign Currency Buying to Stem Hryvnia’s Decline
Feb25

Ukraine’s C-Bank Curbs Foreign Currency Buying to Stem Hryvnia’s Decline

Ukraine’s central bank on Wednesday banned all foreign exchange purchases by companies through banks for the rest of the week in a bid to stem a sharp fall in the national currency, the hryvnia. The central bank also intervened in the market to prop up the currency, buying USD 80 M at an official rate of 28 per dollar – close to the...

Prof. Hanke: ‘Ukraine’s brutal inflation’
Feb25

Prof. Hanke: ‘Ukraine’s brutal inflation’

The collapse of Ukraine’s hryvnia currency, which has lost half of its value against the US dollar since the start of 2015, has resulted in a surge of inflation, Economics Professor Steve Hanke wrote in a recent blog. Hanke, who is professor at Johns Hopkins University and Senior Director of the Troubled Currencies Project at Cato...

Ceasefire Seems to Be Holding in Eastern Ukraine
Feb25

Ceasefire Seems to Be Holding in Eastern Ukraine

A long-awaited ceasefire seems to have taken hold at last in eastern Ukraine on Wednesday. The Ukrainian military reported it suffered no combat casualties in the past 24 hours – for the first time in several weeks. Only one soldier had been injured. Pro-Russian rebels said on Wednesday they have pulled back heavy weapons from the front...

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