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Topic of the Day

17.05.2012

Bulgarian President Rosen Plevneliev has invited leading US IT companies to invest for building a technology park near Bulgarian capital Sofia. Plevneliev is currently on an extended visit to the USA, set to feature not only a meeting with US counterpart Barack Obama and a participation in the NATO summit in Chicago, but also meetings with US businesses to lure investments to Bulgaria, Novinite.com (Sofia News Agency) wrote.

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Politics

17.05.2012

A second ad-hoc committee tasked with probing the activities of the former Bulgarian President and Vice President, Parvanov and Marin, was set up Wednesday in Parliament. The new entity is called "Ad-Hoc Committee to Examine Facts and Circumstances Related to the Actions and Initiatives of Government Officials in the Executive Branch and of Citizens in Relation to Presidential Decrees Granting Pardons, Cancelling Uncollectible Debts and Granting, Restoring and Withdrawing Bulgarian Citizenship in the period January 2002 – January 2012", Novinite.com (Sofia News Agency) wrote.

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Economy

17.05.2012

Bulgaria has registered an increase in its foreign direct investment in January-March 2012 year-on-year, according to the latest data of the Bulgarian National Bank released Wednesday. According to preliminary data, the Foreign direct investment in Bulgaria for January - March 2012 amounted to EUR 236.8 M (0.6% of GDP), compared to a negative FDI of EUR 42.2 M (0.1% of GDP) for January - March 2011, Novinite.com (Sofia News Agency) wrote.

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Business

17.05.2012

Erste Group Bank AG, one of the four biggest lenders in the former communist part of Europe, keeps Bulgaria in its plans, but in the longer term, its chief executive has said. "If we look into the long term, the market we have to move into urgently - and urgently means for me sometime in the next 25 years - is Poland," Chief Executive Andreas Treichl said in response to a question after a meeting of the shareholders on Tuesday, Novinite.com (Sofia News Agency) wrote.

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International

17.05.2012

Greeks have withdrawn billions of euros from their banks in recent days, with the country's president warning of "panic" at the prospect of the country leaving the eurozone. "My family already sent some €20,000 of our savings to my sister, who lives in Switzerland," says M.S., a Greek citizen who lives in Brussels and works in the financial sector, EU Observer wrote.

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