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6 April 2012, Issue 3359
by Novinite.com
Bulgaria's Daily Newspaper since 2001
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| BUSINESS POLITICS WORLD SOCIETY SPORTS FORUM |
Lukoil Bulgaria CEO: We Are Ready to Switch to Zero-Profit Regime
 Lukoil Bulgaria CEO Valentin Zlatev has vowed that the company is ready to work at a zero profit in the case of a dramatic spike in fuel prices. read |
Bulgarian State Becomes 1st Large Great Wall SUV Client
 The Litex Motors factory near the northern Bulgarian city of Lovech which manufactures Great Wall automobiles already has a big client. read |
Protests of Bulgarian Lead Workers Escalate
 Workers of the Lead and Zinc Complex in Kardzhali, the leading Bulgarian non-ferrous metals producer, are rallying once again Thursday with demands to receive their long-delayed salaries. read |
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TURKEY'S TURKCELL CLOSE TO BUYING BULGARIA'S VIVACOM - REPORT
Turkcell Iletisim Hizmetleri, the biggest Turkish mobile-phone company, has emerged as the most likely buyer of the Bulgarian incumbent telco BTC, local media reports say. The Turkish company has put in a bid of over EUR 870 M for a 94% stake in the company, which operates under the brand name Vivacom, Capital daily reported, citing well-informed sources. read more 
MURDERED BULGARIAN GAMBLING BOSS WAS THREATENED - REPORT Yordan Dinov, the 39-year-old alleged illegal gambling boss who was shot dead in the very downtown of Sofia on Wednesday, received threats prior to his death, it has been reported. In an interview for the Struma newspaper back in December 2011, Dinov stated he was pressured by criminals to quit his legal business and received threats. read more PAMPLONA NAMED TURKCELL BACK-UP FOR BULGARIA'S VIVACOM - REPORT Pamplona Capital Management, which submitted a bid for Bulgarian telecom operator Vivacom, serves as a back-up option for Turkey's Turkcell, according to local media reports. Pamplona Capital Management LLP, a London-based private equity firm, the third bidder to meet the February 27 offer deadline for Vivacom, is meant to serve as Plan B, should the Turkish mobile-phone giant be disqualified for some reason, Capital Daily reported, citing well-informed sources. read more BULGARIAN STATE BECOMES 1ST LARGE GREAT WALL SUV CLIENT The Litex Motors factory near the northern Bulgarian city of Lovech which manufactures Great Wall automobiles already has a big client. The news was reported by the Bulgarian National Radio, BNR. read more BULGARIA STARTS CONSTRUCTION OF HWY TO GREEK BORDER Bulgaria is holding Thursday, April 5, the groundbreaking ceremony of the 15-km Lot 4 of the Struma Highway. On March 19, the Greek company Aktor and the Bulgarian Road Infrastructure Agency signed the contract for the construction of Lot 4 of the Struma Highway leading from Sofia to the Bulgaria-Greece border. read more PROTESTS OF BULGARIAN LEAD WORKERS ESCALATE Workers of the Lead and Zinc Complex in Kardzhali, the leading Bulgarian non-ferrous metals producer, are rallying once again Thursday with demands to receive their long-delayed salaries. In the morning the outraged metallurgists will block once again the main local road, connecting the cities of Kardzhali and Haskovo. In the afternoon, they will organize a protest rally and a march, which will be attended and supported by residents of the city, according to the trade unions. read more BONUS SCANDAL LOOMS AT BULGARIAN SME PROMOTION AGENCY The management of the Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA) and some other officials received a total of BGN 140 000 in additional payments for 2011. Another BGN 45 000 were paid to external experts, according to a data provided upon a request of Martin Dimitrov, leader of the right-wing Union of Democratic Forces (UDF), under the Access to Public Information Act. read more 
GREEK EUROBANK, BULGARIA'S POSTBANK OWNER, SELLS TURKEY UNIT EFG Eurobank, one of Greece's major banks with Bulgarian subsidiaries, announced it is about to sell its 70% stake in Turkish unit Tekfen to Kuwait's Burgan Bank. "EFG Eurobank announced that it is in advanced discussions with Burgan Bank from Kuwait to sell its full participation in Eurobank Tekfen," the Greek lender said in a bourse filing. read more BULGARIAN CUSTOMS AGENCY HEAD SUGGESTS CAPPING LUKOIL'S STAKE IN PUBLIC PROCUREMENT Customs Agency head Vanyo Tanov has recommended the adoption of clear and exact rules and the prevention of monopolistic practices in public procurement as the right steps to ensure lower prices of fuels. Following a meeting with Ivan Kostov, leader of the right-wing Democrats for a Strong Bulgaria (DSB) in Parliament, Lukoil Bulgaria CEO Valentin Zlatev told journalists that he would propose a set of measures aimed at reducing "the unbearable" prices of fuels to the Economy Minister on Thursday. read more LUKOIL BULGARIA CEO: WE ARE READY TO SWITCH TO ZERO-PROFIT REGIME Lukoil Bulgaria CEO Valentin Zlatev has vowed that the company is ready to work at a zero profit in the case of a dramatic spike in fuel prices. Zlatev's comments came on the heels of a Friday meeting with Economy and Energy Minister Delyan Dobrev and Transport Minister Ivaylo Moskovski. read more MEPS DIVIDED ON SHALE GAS RESEARCH, DRAFTS SHOW EU lawmakers are divided on the topic of shale gas research in the bloc, according to two draft reports – those of the committees on energy and the environment. "Domestic production of shale gas will contribute to security of supply, bearing in mind member states' dependence on natural gas imports from third countries," the draft report of EP's energy committee says, as seen by Dow Jones. read more BULGARIAN FAR-RIGHT JOINS CALLS FOR BELENE N-PLANT REFERENDUM Volen Siderov, leader of the far-right Bulgarian Ataka (Attack) party, wants a referendum to be called on the fate of the Belene Nuclear Power Plant, a project recently abandoned by the cvountry's government. On Thursday, Siderov praised President Rosen Plevneliev for appearing in the Parliament, reminding that a Bulgarian President has not appeared before the Parliament in years, read more RUSSIAN MEDIA: US MADE BULGARIA DROP N-PLANT! Bulgaria's recent decision to quit the Belene Nuclear Power Plant project was made under US pressure, according to an article published in the Russian Nezavisimaya Gazeta. The article has underlined the project's advantages, citing Bulgaria's increasing energy necessity, the low prices of nuclear energy and the decrease in greenhouse gas emissions, among others. read more PRESIDENT LABELS BULGARIA 'CHAMPION OF ENERGY WASTING' Bulgaria is the European champion in wasting energy, according to President, Rosen Plevneliev. Plevneliev delivered Thursday his first ever 10-minute-long address to Members of the Parliament, summarizing the results of his meetings with parliamentary represented parties, called by him political consultations. read more GREEK FINMIN: BULGARIAN-SIZED WAGES WON'T SOLVE DEBT CRISIS Wage reduction imposed on Greek people in the last two years as an austerity measure to tackle the debt crisis will not resolve the problems faced by Athens. The statement was made by the Greek Finance Minister, Filippos Sachinidis, speaking in an interview for the private TV channel Mega. read more BULGARIA'S RULERS MOCK UNITY OF FAR-RIGHT, LEFT-WINGERS The news that left-wing Bulgarian Socialist Party (BSP) and far-right Ataka will both support a no-confidence motion has triggered ironic remarks on behalf of ruling centrist-right GERB. GERB MPs have "wished well to the new coalition" between BSP leader Sergey Stanishev and Ataka's Volen Siderov, dnevnik.bg informs. read more BULGARIAN LEFT-WINGERS, FAR-RIGHT TO UNITE IN NO-CONFIDENCE VOTE Bulgaria's left-wing Bulgarian Socialist Party (BSP) and far-right Ataka (Attack) will support a no-confidence vote against ruling centrist-right GERB, it has been made clear. The no-confidence motion, a result of the government's recent decision to scrap the Belene Nuclear Power Plant project, is expected to be introduced to the Parliament on Friday. read more DOBRICH TOPS BULGARIA'S 2012 TRANSPARENCY RATING Financial transparency of both central and local administrative structures of the executive power tripled in 2012 but still remains below 50%, according to data of the Access to Information Programme (AIP). At the same time, only 2% of the administrative structures in the executive made public contracts they signed. read more HOUSE COLLAPSE IN SOUTHWESTERN BULGARIA KILLS BABY, YOUNG WOMAN An old house has collapsed in the southwestern village of Yakoruda, killing a 23-year-old woman and a baby girl aged a year and three months. The accident in the Roma quarter of the village was reported a few minutes after 2 p.m. on emergency number 112, the Interior Ministry reported Friday afternoon. read more BULGARIAN MPS VOTE 'FOR' TAMING POLICE BRUTALITY Bulgarian Members of the Parliament passed Thursday without any debates amendments to the Interior Ministry Act, aimed at limiting cases of police brutality. When there are operations requiring the use of physical force, the law enforcement authorities will be "absolutely mandated to protect the lives of detainees," instead of the current text postulating that they are required to do so "if possible." read more BULGARIA TO OFFICIALLY LAUNCH FIRST FOOD BANK NEXT WEEK Two non profits, six companies related to the food industry and one IT company will present next week Bulgaria's first food bank, which they established with the goal to fight hunger and unnecessary food waste. Founders, which provided monetary and material donations for the start up, include the Bulgarian Association of Meat Processors, Bella Bulgaria, Bio Bulgaria, Kraft Foods Bulgaria, Neterra, Piccadilly, Road Runner, Tandem-V, FORA – Community Development Foundation. read more SOFIA MAYOR REITERATES PROMISE TO BUILD MORE DOG SHELTERS More dog shelters will be constructed in Bulgaria's capital Sofia, Mayor Yordanka Fandakova has once against promised. "In order not to have aggressive stray dogs on the streets, we need to build more shelters," Fandakova declared on Thursday, adding that a municipal regulation has to be amended in order to achieve that. read more BULGARIAN ROMA SINGER TO PERFORM IN PARLIAMENT Roma pop-folk singer Sofi Marinova, who was recently chosen to represent Bulgaria at the 2012 Eurovision Song Contest in Baku, will visit Parliament Friday. The singer will visit Parliament to sing the "Love Unlimited" song on the occasion of the International Roma Day (8 April), according to a media statement of the Parliament's press office. read more BULGARIA'S SOFIA TO INTRODUCE RAISED CROSSWALKS The construction of raised crosswalks in Bulgaria's capital Sofia will be launched within a month, according to Bogdan Milchev, head of the city's traffic police. A total of 40 elevated crosswalks are expected to be built soon, Milchev has told reporters. read more WEIRD WITNESS IN BULGARIAN LAWYER MURDER TRIAL DIES A 78-year-old prisoner, whose scandalous testimonies framed former senior prosecutor Nikola Filchev during the trial over the mysterious murder of a young and beautiful lawyer, has died. Iliya Nikolov, known as the great combinator and the Bulgarian Ostap Bender, passed away after losing his battle with cancer, local media reported. read more NBA LEGEND RODMAN IN BULGARIA: YOUR WOMEN ARE PRETTY Eccentric US NBA legend, Dennis Rodman, has arrived in Bulgaria late Wednesday evening. He is expected to become the biggest attraction of the country's all-star basketball game scheduled for April 7. read more GALATASARAY MOVES CLOSER TO SIGNING BERBATOV - REPORT Rumors have intensified stating that Turkish giants Galatasaray are about to snap up Manchester Unieted's Bulgarian striker Dimitar Berbatov. Berbatov will move to the Turk Telekom Arena as boss Fatih Terim looks to bring in big name signings to help build on their likely domestic success this term, according to the Turkish Fanatik. read more BRAZEN ARMED BANK ROBBERY RATTLES SOFIA'S COLLEGE TOWN Two armed men have robbed at gunpoint a branch of United Bulgarian Bank, OBB, Thursday morning. The branch is located in Sofia's "Studentski Grad" (College Town) District. The robbers were tall, dressed in black overalls with an "Evrotour" logo and wore black helmets. read more BULGARIA PARTICIPATES IN HUGE INTERNATIONAL COCAINE BUST Bulgarian authorities are currently involved in a large-scale cocaine bust operation, according to Deputy Prime Minister and Interior Minister, Tsvetan Tsvetanov. Speaking in an interview for the Bulgarian National Radio, BNR, Thursday, Tsvetanov announced that the international operation concerns over 1 metric ton of the illegal drug and that a Bulgaria national is involved in the major drug trafficking scheme. read more SLAIN BULGARIAN TEENS' MOTHER: ACCOMPLICES REMAIN AT LARGE Fani Belneyska, mother of of sisters Rositsa and Kristina Belneyski, the teens who were brutally murdered in 2006, is adamant she has not been manipulated in her demand to restart the Court case. Speaking Thursday morning in an interview for TV7, she said that some police chief had told her that Lazar Kolev, the only defendant so-far, had two accomplices, remaining at large. She asked them to rely on their own conscience and turn themselves in, which would help them find piece. read more BURKAN BANK* A: Did you hear the news? EFG Eurobank is about to sell its unit in Turkey to Kuwait's Burgan Bank. B: Are you sure it is Burgan Bank? Or Burkan Bank? read more GREEKS PAY TRIBUTE TO CRISIS-RELATED SUICIDE Greeks paid tribute Thursday to an elderly man who took his own life in central Athens in an apparent response to the hardship caused by the austerity crisis. Flowers, candles and handwritten sympathy notes sat by a tree in Syntagma Square, where Dimitris Christoulas committed suicide Wednesday morning. read more CRISIS-TRIGGERED SUICIDES SHOCK ITALY, MONTI BLAMED A 59-year-old Italian man shot and killed himself in Rome on Wednesday, the latest desperate protest against the country's economic crisis. The Rome-based construction firm owner left a note apologizing to family members and explaining that his business was going bust. read more DILMA ROUSEFF'S POPULARITY BRAKES ALL-TIME BRAZILIAN RECORDS The popularity of Brazilian President with Bulgarian origins, Dilma Rousseff, among voters and fellow countrymen and women, has broken all records, according to a recent poll. The sociological research has been released recently by the Brazilian Institute for the Study of Public Opinion. read more |
