Headlines

May 2023

Negotiations for the Formation of a Government in Bulgaria: An Update on the Political Situation and Potential Impacts

BulgariaFocus06 mins

The political stalemate in Bulgaria has been reignited as negotiations for the formation of a government between the We Continue the Change (WCC-DB) and Gerb-SDS coalitions intensify. With both sides presenting nominees for the position of prime minister, the outcome of the negotiations will impact the country’s political future. However, GERB has been vocal about its reluctance to support any coalition reliant on the votes of the Movement for Rights and Freedoms (MRF), creating a political deadlock. Key figures, such as Mariya Gabriel, are seen as instrumental in finding a way forward, as Bulgaria navigates significant challenges around corruption, political stability, and economic recovery.

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Macedonian Ministry of Justice proposes constitutional amendment to address ethnic tensions and boost EU accession negotiations

BulgariaFocus010 mins

Discover how the Macedonian Ministry of Justice proposal to add Bulgarians and five other minority groups to the constitution could resolve long-term ethnic tensions in the country, improve its standing in EU negotiations, and promote greater cultural diversity and harmony. Despite concerns about threats to Macedonia’s sovereignty, the amendment offers significant benefits for the country and represents a new approach to addressing the issue of ethnic tensions in the Balkans. Learn about the historical context of the issue and the potential impact of the proposal on relations with Bulgaria and EU accession negotiations.

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Bulgarian Weightlifters, Petar Mitsin and Josef Miladinov, Set National Records and Overcome Challenges

BulgariaFocus04 mins

Discover the impressive achievements of Bulgarian weightlifters Petar Mitsin and Josef Miladinov, including Mitsin’s national records in three different weight categories. Learn about their training regimes and mental toughness, and how Miladinov’s recent success could see him breaking Mitsin’s records in the future. Despite past challenges and the impact of COVID-19, this article highlights the hope for continued success for Bulgarian weightlifters in the future.

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The Barcelonagate Scandal: A Comprehensive Overview of Alleged Money Laundering Scheme Involving Bulgarian Political Party Leader and Chief Prosecutor

BulgariaFocus08 mins

The ‘Barcelonagate’ scandal has rocked Bulgarian politics, raising the issue of corruption in Bulgarian society. With the alleged involvement of the GERB leader and multiple businessmen in a money laundering scheme, the scandal has sparked a range of reactions from the public and political opposition. The article provides a comprehensive overview of the scandal, including the background of the GERB leader and Chief Prosecutor, specifics of the scandal, response from the Chief Prosecutor, public reaction, and potential outcomes. The scandal remains a significant event in Bulgarian politics, with long-lasting consequences yet to be seen.

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Transfer of Madlen Deposit Concession to Riolitis to Bring Significant Support to Bulgaria’s Construction Industry: Overview and Plans

BulgariaFocus011 mins

Bulgaria’s construction industry is set to receive a significant boost with the transfer of the Madlen deposit concession to Riolitis from Euroslag, approved by the Ministry of Energy. With an estimated reserve of 2.63 million tonnes of marl and 1.75 million tonnes of limestone, this deposit holds potential for the industry, providing a stable supply of high-quality raw materials for construction products. The development of the deposit aims to generate employment opportunities, support local producers, benefitting the local economy, and reducing the industry’s dependence on imports. However, the transfer has also met with opposition from environmental organizations and local communities concerned about the potential environmental impact.

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Exploring Opportunities for Collaboration: International Weightlifting Federation President Visits Bulgaria to Discuss Anti-Doping Measures, Talent Development and Gender Equality in Weightlifting.

BulgariaFocus08 mins

Find out how Mohamed Jalood, President of the International Weightlifting Federation, discussed key issues affecting weightlifting in Bulgaria and explored opportunities for future collaboration with the Bulgarian Weightlifting Federation. They discussed ways to improve anti-doping measures, develop new talent and promote the sport across the country, and Jalood emphasized the importance of promoting gender equality in weightlifting. Learn about the IWF’s initiatives to combat doping, promote women’s weightlifting, and maintain a level playing field for all athletes to ensure the sport continues to grow and thrive.

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Bulgarian bottle cap manufacturer Herti reports significant increase in net profit in Q1 of 2023.

BulgariaFocus03 mins

Key Points: – Herti, a Bulgarian bottle cap manufacturer, reported an increase in its consolidated net profit for the first quarter of 2023. – The company’s net profit rose to 2.92 million levs ($1.6 million/1.5 million euro) compared to 1.62 million levs in the same period last year. – Herti attributed the increase in net…

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28 Arrested in Bulgaria and Romania for Immigrant Smuggling: A Joint Effort by Law Enforcement Agencies

BulgariaFocus03 mins

In a joint effort with the Romanian Border Police, the Bulgarian General Directorate Combating Organised Crime and the German Federal Police in Waidhaus, 28 people were arrested on charges related to smuggling illegal immigrants into the Schengen Area. Europol also supported the operation. The individuals were part of criminal organizations that specialized in smuggling immigrants…

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Exploratory mandate handed to PP-DB’s nominee for Prime Minister in Bulgaria: Challenges and Future Prospects.

BulgariaFocus04 mins

Radev Hands Exploratory Mandate to PP-DB’s Nominee for Prime Minister Bulgaria’s President, Rumen Radev, has given the exploratory mandate to form the next government to Nikolai Denkov, the nominee from the political alliance PP-DB (There is Such a People). This move comes after last week’s parliamentary elections where PP-DB emerged as the second-largest party in…

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Telelink Business Services Group: IPO Plans, Balkan Expansion, and Innovation Focus”

BulgariaFocus04 mins

Telelink’s major shareholders plan to sell up to 25% stake on BSE Telelink Business Services Group’s three major shareholders, including CEO Lyubomir Minchev, are looking to sell up to a quarter of the company’s equity stake on the regulated market of the Bulgarian Stock Exchange (BSE). The proposed sale is aimed at increasing the group’s…

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