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60,390 Apply to Switch Pension Fund in July-September
Sofia, December 6 (BTA) - In the third quarter of 2019, a total of 60,390 applications were filed to switch between second pillar pension funds, said the Financial Supervision Commission on Friday. Having a pension insurance with a private pension fund - in addition to the ma...
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Interior Ministry Found 61 Money Mules and 39 Illegal Transactions Amounting to 1,032,238 Euro and 326,023 USD
December 6 (BTA) - The Bulgarian law enforcement authorities have identified 61 "money mules", 44 victims of illegal activity and found a total of 39 fraudulent financial transactions amounting to 1,032,238 Euro and 326,023 USD, the Ministry said on Friday. The operati...
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German Company to Open IT Hub in Sofia
Sofia, December 6 (BTA) - Minister of Economy Emil Karanikolov and Carsten Bittner, board member of Group Technology Foundations Commerzbank AG, discussed the bank's intention to open an IT hub in Sofia, the Economy Ministry said. During the meeting, Bittner presented the ...
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High Heels Business Network Launches Business for Clean Air in Sofia Campaign
December 4 (BTA) - The High Heels Business Network is launching a campaign for cleaner air in Sofia, the organizers said. Afforestation is one of the measures that help reduce the effect of harmful emissions. The first initiative is related to the Christmas holidays an...
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Lack of Skilled Labour Is Worst Obstacle to Doing Business - Survey
December 3 (BTA) - Lack of skilled labour (71 per cent), corruption (61 per cent), poor education quality (47 per cent), mistrust of and negative attitudes towards the business (17 per cent), poor infrastructure (12 per cent), and civil pressure on investment projects (5 per cent...
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Five NGOs Refuse to Participate in Procedure for Selecting New Counter-corruption Commission Head
Sofia, December 2 (BTA) - Five influential nongovernmental organizations refuse to participate in the selection procedure for a a new head of the Counter-corruption and Unlawfully Acquired Assets Forfeiture Commission (CUAAFC) and claim the choice is predetermined. "This boyc...
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November Business Climate Up 1.2 Percentage Points M/M
November 29 (BTA) - The total business climate indicator in November has risen by 1.2 percentage points month-on-month, the National Statistical Institute said on Friday. The composite indicator 'business climate in industry' approximately retains its previous month leve...
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Associations Protest Against New Bonus-Malus System
Sofia, November 28 (BTA) - The newly-proposed bonus-malus system in motor third party liablity insurance encourages parasitic profit and corruption. The Bulgarian Association of Motorists, the Confederation of Bus Carriers and the Union of Driving Instructors rallied around th...
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Government Abandons Idea for Rating of Short-term Rental Properties, Sticks with Registration
Sofia, November 27 (BTA) - The government is giving up the idea of introducing mandatory rating of properties offered for short-term rental on on-line platforms such as Airbnb, Booking, Homeaway, etc., but is sticking with the plan of demanding their registration with the Tour...
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Sofia Hosts 7th Edition of Rakia and Spirits Fest
November 26 (BTA) - The seventh edition of Rakia and Spirits Fest will host over 300 types of rakia and other alcoholic beverages from the Balkans. The venue is the National Palace of Culture, on November 29 and 30, the organisers said. Visitors will be able to taste a ...
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IT Startups Can Join Machine Learning Competition
Sofia, November 26 (BTA) - The Ministry of Transport, Information Technology and Communications (MTITC) is a strategic partner of an initiative for providing technological and financial support to startup companies that develop machine learning-based applications, said here Tu...
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Business in Bansko Expects Successful Winter Season
November 25 (BTA) - There are all conditions for a good and successful season, Malin Bistrin, chair of the Union of the Tourist Industry in Bansko, told BTA. He said that the resort offers a variety of packages which will cater to the tastes of all tourists. Bistrin said th...
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Bansko Named Bulgaria's Best Ski Resort in 2019 World Ski Awards
Kitzbuhel, Austria, November 24 (BTA) - The Bulgarian ski resort of Bansko was named Bulgaria's Best Ski Resort for a seventh year in a row in a 16-week online competition organized by the World Ski Awards Academy. The small Bulgarian mountainous town and ski resort is r...
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Fund Manager Begins Market Consultations for Loans Targeted at SMEs
Sofia, November 22 (BTA) - The Fund Manager of Financial Instruments in Bulgaria (Fund of Funds) said on Friday that it has begun preparations for the launch of a new product for funding of small businesses. The first stage involves market consultations which aim to streamlin...
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Sofia Conference Takes Stock of Wine Making Sector
Sofia, November 22 (BTA) - Preliminary data show that 126,820,000 kg of grapes have been processed this year and approximately 90,820,000 l of wine have been produced, Deputy Agriculture, Food and Forestry Minister Lozana Vasileva said. She was speaking at Friday's nationa...
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President Radev Meets with CERN Director General Gianotti
November 21 (BTA) - Meeting with CERN Director General Fabiola Gianotti here on Thursday, President Rumen Radev urged Bulgaria and countries in the region to pool their efforts and speed up the building of the South East European International Institute for Sustainable Te...
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CERN Chief Lauds Bulgarian Scientists' Contribution to Nuclear Research
Sofia, November 21 (BTA) - About 100 remarkable Bulgarian scientists contribute to the experiments at the European Organization for Nuclear Research (CERN), the youngest of them being 27 years old and half of them being under 40, CERN Director-General Fabiola Gianotti said in ...
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Bulgarian Electricity Trading Market Joins Single European Intraday Market
November 20 (BTA) - The Bulgarian electricity trading market has joined the Single European Intraday Market, the Electricity System Operator (ESO) said in a press release on Wednesday. ESO Executive Director Angelin Tsachev and Independent Bulgarian Energy Exchange (IB...
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Bulgarian Electricity Trading Market Joins Single European Intraday Market
Sofia, November 20 (BTA) - The Bulgarian electricity trading market has joined the Single European Intraday Market, the Electricity System Operator (ESO) said in a press release on Wednesday. ESO Executive Director Angelin Tsachev and Independent Bulgarian Energy Exchange (IB...
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Bulgaria Moves Five Position Up in IMD's World Talent Ranking
Sofia, November 20 (BTA) - Bulgaria has moved up five positions to reach the 52nd place in the 2019 World Talent Ranking which measures the ability of countries to cultivate, attract and retain a skilled workforce. It is developed annually by the International Institute for Ma...
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