Russia's Izhorskiye Zavody, part of OMZ Group, has launched check assemble of the reactor vessel VVER-1000 for the first energy unit at Bulgaria's Belene NPP, even though Bulgaria is yet to say officially whether it wants the power plant.
Finance Minister Simeon Djankov has defended the scandal embroiled Director of the National Health Insurance Fund (NHIF) and the Deputy Health Minister by saying that both had been good at their jobs but had fallen prey to political populism.
In January 2012, Bulgaria was once again last in the EU by the monthly minimum wage, which stood at EUR 138. The data was published by Eurostat, the statistical office of the European . On the opposite end of the ranking is Luxemburg with EUR 1 801.
Bulgaria's parliamentary health commission is about to launch a probe into local pharmaceutical company Sopharma over suspicions of monopoly, its head announced.
The right-wing Democrats for a Strong Bulgaria (DSB) party have demanded that the government immediately start talks with Russia's Gazprom to renegotiate the terms of the gas supply contract.
Turkey's Turkcell, the head of Bulgaria's Corporate Commercial Bank and Icelandic businessman Thor Bjorgolfsson are interested in the sale of Bulgaria's telecom Vivacom, local media reports say.
The European Commission has launched an investigation against Bulgaria on allegations of liquidity support to Corporate Commercial Bank, which is believed to finance the media group of mogul Irena Krasteva.
A Greek sigh of relief should have been heard to the end of the world after Eurogroup’s approval of the country’s bailout program on Monday, which prevented a direct risk...
If Greece’s international creditors, the so-called troika, ultimately succeed in persuading our politicians to shrink the public sector, they will have addressed the core of the country’s problem. For the...
Many in Europe –particularly in Germany- wonder why they should continue providing financial support to a country that has failed to honor its commitments with partners and is an international...
The reduction in incomes which Greece’s new economic program brings would make sense only if we could hope that the problems of recession and the country’s excessive debt could be...
It’s a curious thing that even at this crucial moment, when the future of the country hangs in the balance, its political class cannot clearly “read” our creditors’ stance and...
We are all watching breathless the endless unpopular serial of Greece’s negotiations with the troika, wondering whether our political leaders will finally utter “Yes” or raise the flag of the...
The negotiations with Greece’s international creditors –the so-called troika- on the final details of the economic program that will accompany a second, €130 billion bailout loan seem to have developed...
If I come across the expression, “crucial next 48 hours,” again I think I am going to have a nervous breakdown. Our political leaders are bent on rattling our nerves...
Greek political leaders on Sunday put on their brave faces, in the best of patriotic traditions. They would have us believe that they were resisting the demands of Greece’s international...
The demand of Greece’s international creditors, the so-called troika, for a lowering of Greek salaries and wages is not just devoid of substance but also dangerous.
There is no doubt that the German proposal for the appointment of an economic overseer, whose main task would have been to ensure the repayment of the country’s debt, was...
Europe is regarded as the world’s ‘ethical force’. Today, however it is in danger of losing this important title because of its immoral choices in tackling the debt crisis.
Because so much has been heard and written about the PSI which not only affects us psychologically but our investment decisions as well, i.e. the equity markets, it seems important...
Whilst we all appreciate that the economic recovery is the only way to solve the problems of Greece’s deficit and debt, the Greek government is not in a position to...
As to whether it is perceived or not, certain individuals, in cooperation with the media, are attempting to destroy Papademos as ‘evil’, ‘merciless’ or even as a ‘failure’.
Αsides from negotiations concerning the private sector’s ‘voluntary’ participation in cutting Greek debt, the essence of Greece’s actual economy has been condensed into one phrase by the Troika.
The discovery that almost all the national television channel’s journalists who had been on strike for weeks, were paid in full, either because they took sick leave or because they...
After a respite of relative calm, which many associate with Papademos’ premiership and as a result, the Greek public’s raised expectations, unfortunately jeering and violence have emerged once again.
The debate on the Greek economy’s restoration came to the fore once again as it now seems inevitable that labour costs will be reduced through eliminating the 14th salary in...
Recently, the whole issueof lending – or indeed the refusal to lend funds to Greek media companies, has come to the fore – all based on the political business dealings...
If the statements hold any political value – and are in fact reliable, yesterday, Merkel, Sarkozy and Schauble (in the background) made two points clear: They want Greece to remain...
Under the pressure of the present circumstances and that of our partners and lenders and from the parties who are supposedly supporting him, the Prime Minister, Mr. Lucas Papademos has...
Sooner or later, George Papandreou, former Greek Prime Minister and President of the Socialist Party (PASOK), a man whose actions were incompetent and erratic, who probably would never have held...
In its report on the threats and dangers that our planet faces (2011 Global Risks Report), the World Economic Forum confirmed a paradox: The problems that transcend national borders and...