Archive for May, 2019

Tumbling spot oil price does not tell full story, say traders

Friday, May 31st, 2019

Premiums for prompt delivery are at five-year highs, suggesting a tight market

Minister of Defense Krasimir Karakachanov: Bulgaria Won’t Make any Compromises for the F-16

Friday, May 31st, 2019

The Bulgarian side won’t make any compromises for the quality and equipment of the F-16s and the negotiations are only for the price. This was assured by Minister of Defense Krasimir Karakachanov, quoted by the Bulgarian National Radio.

“When we chose the United States as a potential counterpart, the White House, and other factors in the US administration, we were confident that they would be in line with our financial capabilities. However, it turned out that this is a matter of negotiations and talks that will continue until we find the advantageous crossing point that is acceptable to both sides, “he said.

Karakachanov also underlined that under no circumstances would it be at the expense of either the armament of the aircraft or its equipment.


Paris Bans Smoking in 52 Public Parks and Gardens

Friday, May 31st, 2019

A ban on smoking in 52 public parks and gardens, which is about 10% of green areas in the French capital, has been enforced in Paris, BTA reported. The mayoralty said that this decision would make Paris “an even more hospitable and breathtaking capital”.

The smoking ban does not apply to the largest parks in Paris, which are used for picnics and other entertainment during the summer months.

According to EU data in 2014, the daily smoking rate in France was slightly above the EU average and far above that of most other Western European countries.

The French health authorities said that the number of daily smokers has fallen with 1.6 million people since 2016 and now it amounts 25.4% of the population. Mortality rates from smoking-related illnesses among women, however, continue to rise by 5% per year due to an increase in the number of smokers between the 1970s and 1990s.

Violators will be fined with € 38.


Vedanta starts arbitration against Zambia after mines seized

Friday, May 31st, 2019

Government says mines breached environmental and financial regulations

Three Six-Year-Old Children Were Injured during a Demonstration in the Northeastern Bulgaria’s town Silistra

Friday, May 31st, 2019

Three six-year-old children were injured during a demonstration before the Children’s Day celebration on June 1st at Dorostol Stadium in the Northeastern Bulgaria’s town Silistra. The city’s police was demonstrating the capture of a criminal when an explosion of grenades injured two boys and one girl. The boys have burns on their feet and were given emergency medical help. Then they were released but the girl was transported to Ruse because she had between 10 and 20% burning on her chest, legs and neck.

The event was concluding with the program “Hello, holiday,”, which takes place in kindergartens and schools from Dulovo, Tutrakan and Silistra. About 300 children were present at the stadium and the area was dissected for the safety of the attendees.

Part of the exploded grenade wounds two boys and a girl from the “Iglika – 2” kindergarten, who were 50 meters away from the demonstration site. There is no danger for their lives.

An inspection of the scene from an investigator at the District Investigation Department at the Regional Prosecutor’s Office in Silistra is currently being carried out.

Pre-trial proceedings are conducted under Article 338, para. 3 of the Criminal Code, which commits the criminal liability of anyone who, in dealing with explosives, causes unintentional personal injury to one or more persons. 


Not Much Trouble Adjusting to Success

Friday, May 31st, 2019

This article, “Not Much Trouble Adjusting to Success” was first published on Small Business Trends


Bulgaria Is Among the Leaders in Cigarettes Manufacturing

Friday, May 31st, 2019

In 2017, more than 487 billion cigarettes were produced in the European Union – 40 billion less compared to the previous year, according to Eurostat data published today on the occasion of World No Tobacco Day, BNR reported.

2017 Production’s worth is about € 4.9 billion, which is with € 1.3 billion less than 2016.

Leading manufacturers are Germany, Poland and Romania. With more than 150 billion cigarettes manufactured, Germany ranks first with 31% of the total EU production. Poland is second (23%), followed by Romania (14%).

Fourth is Greece and Portugal with 5% of the production, followed by Bulgaria with 20 billion cigarettes produced in 2017 or 4% of the total EU production.


China Remains Open to Foreign Investments

Friday, May 31st, 2019

China’s doors to the outside world are always open. The country welcomes foreign investment in its economy and a mutually beneficial cooperation.

At the same time, the country is making efforts to provide foreign companies with a fairer, more transparent and stable investment and business environment, Foreign Ministry spokesman Lu Kang said yesterday.

“Even though over the past year or more the United States has continued to menace Chinese products with additional tariffs, everyone can see that the enthusiasm for foreign investors in China remains high. The companies are the ones who choose where to invest, who to be their partner, and these decisions depend on their interests and market principles, not political statements, “, said Kang.


Eurostat: Nearly 3300 People Died of Lung Cancer in 2018 in Bulgaria

Friday, May 31st, 2019

Last year, about 110,000 people died in Bulgaria, nearly 15% of them, or about 17,000 people suffering from some form of cancer, show Eurostat data on mortality rates in EU countries and adverse health effects from smoking , which is a major trigger for many diseases. The analysis is made for today’s May 31st, which is celebrated as a World No Tobacco Day and accentuated by tobacco damage to the lungs, BTA reports.

According to Eurostat data last year, about 3,300 people died from lung cancer, of which 2,600 were men and 700 were women. Thus, the lung cancer mortality indicator in Bulgaria is 20%,. The data is similar in another 10 European countries, with an EU average of 21% lung cancer death.

According to current NSI data in Bulgaria, active smokers are almost 40% of the men and 18% of the women, which in fact means that there are 1.3 million everyday smokers and about 680 thousand regular smokers.

The largest group of smokers is in the 25-44 years age range – 66% of men and 50% of women who belong to this group are smokers.

An especially important and up-to-date problem is the alarming increase of smokers aged between 13-16 years – 42% of girls and 31% of boys in that group smoke. The children’s age limit for to smuggle for the first time – 8-10 years. Nearly 68% of Bulgarian children have been subjected to passive smoking, which is also particularly negative for health.

According to Eurostat, there are about 1.2 billion active smokers today, or about 1/3 of the active population over the age of 15. Of these, about 800 million or nearly 70% are living in developing countries. The proportion of men who are regular smokers significantly exceeds the share of the womens – 47% vs. 15%.

It is expected that in 2030 the number of smokers in the world will exceed 1.6 billion people.


With nearly BGN 4 million Investment, Volvo Group Bulgaria Opened its Own Service Center Near Plovdiv

Friday, May 31st, 2019

Volvo Group Bulgaria opened a new own service center near Plovdiv. The investment in it is 3.8 million BGN. 

The event was attended by more than 200 guests – the company’s clients.

The center will be servicing and selling the full range of Volvo and Renault automobiles. The service capacity will be approximately 5,000 trucks per year, with 9 trucks at a time. The service will have modern equipment according to the company’s established global standards. There will be three passageways and three diagnostic stands. The warehouse will offer large spare parts and will provide delivery within 24 hours.

One of the strongest advantages of the workshop is the team of 15 professionals and a mobile group. Part of it is also one of the best specialists in after-sales service, which over the years have won international recognition with top rankings in global competitions of the company.

Plovdiv is a strategic region for us with dynamically developing business, new investments and, of course, some of the most dynamically developing companies in the transport industry. Besides, it is located in close proximity to key transport arteries, which helps us to react quickly and to be able to help our customers as efficiently as possible, explained Karin Johansson, Managing Director of Volvo Group Bulgaria during the event.

The investment in its own service center in Plovdiv is part of the overall strategy of Volvo Group Bulgaria for sustainable development, modernization and increasing the capacity of the service network in the country. The project started with the opening of a service base in Varna in 2015, and from the beginning of 2016 the expanded service center opened in Sofia, which has the capacity to service 10,368 trucks on average per year.

In 2017, the new center of Volvo Group Bulgaria in Burgas was built with a BGN 2 million investment.

In the autumn of 2018 a service center was opened in Veliko Tarnovo. Thus, the total investment for the development of the service network in Bulgaria exceeds BGN 12 million, reported


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