Indian ambassador hosts ITEC Day reception

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The Indian ambassador in Sofia, Divyabh Manchanda, hosted a reception on March 27 2013 in celebration of ITEC Day. ITEC Day honours the Indian Technical and Economic Co-operation programme, founded in 1964, which enables young professionals in various fields to further their studies in India. The programme for Bulgaria began in 2000/01 and since then more than 100 young Bulgarians …

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Russia Watch: Russia loses Cyprus

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Russia suffered a major defeat last week. And no one noticed. But the setback was so striking that President Vladimir …

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Takeover of Volksbank signals Russian bank strength

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A new sign in black and a striking interior in green: The recently unveiled Sberbank branch in the center of …

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Some Bank of Cyprus savers could lose 60 per cent

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Officials in Cyprus say customers at the country’s largest bank may lose up to 60 percent of whatever savings they …

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Protestants and Roman Catholics worldwide prepare for Easter on March 31

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Many Christians around the world are preparing to celebrate Easter this Sunday.  It is the central holiday of the Christian …

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Bulgaria’s next government to invest in a more meaningful growth recovery – report

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Bulgaria’s economy is expected to grow stronger in the second half of 2013, once the political uncertainty caused by early …

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Two gentlemen of Bulgaria, a play in one act

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A day after Bulgarian Socialist Party leader Sergei Stanishev leader provoked a huge scandal, announcing that he had received anonymous …

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Bulgarian PM Raykov comments on ‘consensus’ about bashing caretaker government

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For the first time, Bulgaria’s political elite has achieved consensus about something – bashing the caretaker cabinet, Prime Minister Marin …

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Cyprus: will not quit the euro

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The president of Cyprus says his island nation will not abandon the European single currency. Nicos Anastasiades said Friday at …

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Hungary’s PM Orban again sets sights on utilities firms, ‘powerful friends’

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The government needs the people to help defeat foreign-owned utilities firms that want to scotch a plan to lower bills, …

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Global credit card fraud network bust, with arrests in Romania

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Forty-four members of a global credit card fraud network have been arrested in a joint operation co-ordinated by the Romanian …

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