Archive for October, 2011

Bulgaria’s Ruling GERB Defeat Socialists 14:8 in Mayors Tally – Final Results

Monday, October 31st, 2011

Bulgarian voters have given the ruling center-right GERB party an overwhelming majority of mayors in regional capitals throughout the country, nearly twice as many those won by the opposition Socialists, final results have shown.

GERB, the party of Prime Minister Boyko Borisov, won 14 of the cities and towns that serve as administrative centres of Bulgaria’s regions, with 100% of the election ballots counted.

The Socialist runners and independent nominees backed by the party, previously a senior partner in the ruling three-way coalition, came out victorious from the mayoral battle in 8 of the cities and towns that serve as administrative centres of Bulgaria’s regions.

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Don’t Get Spooked by Starting Your Own Business

Monday, October 31st, 2011

It’s that time of year when one holiday seems to follow right on the heels of another. Now that summer is wrapped up, you need to get the jack-o-lanterns, Halloween candy and costumes ready for our scariest of holidays.

scared businessman

While ghouls and goblins should frighten you on Halloween, what about starting your own business? Fear (and more specifically, the fear of failure) is one of the strongest forces preventing budding entrepreneurs from reaching their potential. It’s fear that has stopped countless great businesses before they’ve even begun.

A few simple “tricks” can help you overcome your fear of starting or growing a business:

1. Forget about perfection: To often potential entrepreneurs wait until every little detail of their business is perfected before launching. But guess what? Perfection is unattainable. So don’t wait, just go for it! So what if you’re wrong? So what if there are little glitches here and there? Just go with what you have, and build on what you learn. If you wait until your blog, product, website, etc. is perfect, you’ll never launch anything at all.

2. Really think about your worst-case scenario – is it as scary as you think? All too often, we underestimate our ability to recover from a worst-case scenario. If you start a business and fall flat on your face, how long would it take you to recover? How hard would it be to find another job or start another business venture? Would you be down for a few months, a few years? Could you handle that risk? And what’s that risk compared to a lifetime of never chasing your dream?

Of course, you, along with your family, best know your situation and your ability to assume risk. But for many, the monster hiding under the bed is not as bad as you envisioned.

3. Take steps to minimize the downside of failure: No matter your personal situation, you should always manage risk intelligently. Overcoming fear doesn’t necessarily mean you should risk losing it all. You can make the necessary preparations to minimize the downside of failure. For example, you can structure your new business so as to minimize your personal liability. You can build up an emergency fund. Or you could begin the early stages of your business while you still have a “day job.”

4. Be honest about your financing: It’s no secret that Main Street/small business lending isn’t in such great shape right now. We are seeing some venture capital coming back, but for the average small business, traditional funding from banks is still tight. This means you may have to self-finance or start small at the beginning. If you don’t have access to tons of capital, you probably shouldn’t consider launching a manufacturing company with lots of overhead, or a concept with expensive product inventory. However, it’s more than possible to start a business with just a small investment.

5. Think about what’s truly scary: Yes, starting a business can be a scary endeavor, particularly when the news paints such a troubling economic picture. But think of it this way: Never taking a chance on your dreams can be scariest outcome of all.

This fall is the perfect time to start putting a plan in motion to launch a business for the New Year. You’ve got two months to create your business plan, assemble whatever resources you need, and research your legal and tax obligations for starting a business.

So if you’ve been considering starting a business, take a deep breath and jump right in! Set a deadline with yourself (and maybe with a friend to hold you accountable) and do something that will force you into action. With every action you take, you’ll gain confidence and momentum. And who knows where this exciting entrepreneurial path will take you by next Halloween!

From Small Business Trends

Don’t Get Spooked by Starting Your Own Business

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Public Transport Drivers in Sofia Exposed for Systemic Traffic Violations

Monday, October 31st, 2011

А two-day operation of Sofia’s traffic police conducted in the capital’s urban transport network will result in penalties for 120 drivers of busses and trolleybuses.

The traffic offences committed by the public transport drivers in the period October 27-29 were captured on CCTV cameras, the Interior Ministry’s press office said in a statement on Monday.

The inspection revealed that drivers of public transport vehicles traveling along the Slivnitsa Blvd in the stretch between Stochna Gara and Konstantin Velichkov Blvd did not stop in the designated bus stop “brackets” and moved incorrectly on the traffic lane.

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Bulgaria Grants Humanitarian Aid to Turkey after Disastrous Quake

Monday, October 31st, 2011

Bulgaria has granted Turkey BGN 26 982 (approximately EUR 14 000) worth of humanitarian aid after the disastrous earthquake that shook the neighboring Balkan country on October 23.

Bulgaria’s humanitarian aid includes 100 relief tents for winter conditions. The organization of the humanitarian aid is delegated to the Bulgarian Interior Ministry, it has been announced.

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Bulgarian Govt Stalls BA Pipeline Decision by 1 More Week

Monday, October 31st, 2011

Bulgaria’s Environment Ministry has postponed by one addition week its final decision on the fate of the troubled Burgas-Alexandroupolis oil pipeline project.

On Monday, October 31, the Ministry was supposed to make public its pronouncement on whether the environmental impact assessment met the eco requirements of the Bulgarian legislation.

However, it has made it clear that its experts need one more week to complete their evaluation of the document submitted to them by Trans-Balkan Pipeline, the Bulgarian-Greek-Russian company in charge of the pipe, reported Novinite….

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Former Head of Bulgaria’s Criminal Assets Watchdog Cleared of Conflict of Interest

Monday, October 31st, 2011

A three-judge panel of the Supreme Administrative Court (VAS) has cleared Stoyan Kushlev of conflict of interest charges for his tenure as Chair of the Commission for Establishing Property Acquired through Criminal Activity.

The former Chair of the watchdog was taken to court following a report of the Parliamentary Anticorruption Committee.

On Monday VAS concluded that there was no proof of kinship between Kushlev and the seven members of the watchdog he appointed.

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Bulgaria’s Ruling Party Consolidates Power

Monday, October 31st, 2011

EurActiv.com

Bulgarian Prime Minister Boyko Borissov scored a sweeping victory in presidential and local elections yesterday (30 October) as voters backed his candidate for president, Rossen Plevneliev, and handed the ruling part a majority of mayors throughout the country.

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Palestine Granted UNESCO Membership Despite Threat of US Funding Cut

Monday, October 31st, 2011

Palestine was admitted as a UNESCO member on Monday, a move that is expected to cause the US to cut off tens of millions of dollars in annual funding for the international organization.

During UNSECO’s meeting in Paris on Monday, 107 countries voted in favor of the Palestinian bid, while 14 were against and 52 abstained, Al-Jazeera informs.

The US, Canada and Germany voted against the Palestinian membership, while Brazil, Russia, China, India, South Africa and France voted in favor….

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8 GERB MPs Leave Bulgarian Parliament over Mayor Wins

Monday, October 31st, 2011

Eight Members of the Parliament from the ruling, center-right Citizens for European Development of Bulgaria party (GERB) have been elected mayors and will free eight parliamentary seats.

According to official results from the Sunday local elections runoff, another seven GERB MPs were unsuccessful in their battle to become mayors.

In the majority of cases, the ruling party’s MPs have lost by a very narrow margin….

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Bulgaria to Increase Minimum Wage on April 1 2012

Monday, October 31st, 2011

Bulgaria’s minimum wage will be increased from BGN 270 (approximately EUR 139) to BGN 290, the country’s Labor Minister, Totyu Mladenov, confirmed on Monday.

Ahead of the emergency cabinet sitting on the 2012 draft budget in Bulgaria, the April 1 deadline was backed by the business, while the trade unions demanded that the increase of the minimum monthly wage by BGN 20 become effective on January 1, 2012.

An increase in Bulgaria’s minimum retirement pensions (up to BGN 200) is also considered, but still uncertain, it was also made clear on Monday….

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