Chess Bulgaria FinMin: Cigarette Tax Hike Here to Stay

Bulgaria's finance minister has made it clear that a decrease in cigarette excise duties by the end of the year is out of the question. "The increase in cigarette excise duties hit the market in April and the assessment of its effect is yet to be done. This is the


Chess Bulgaria, Romania One Step Closer to Lifting Border Controls

The European Parliament has approved with an overwhelming majority an EU Council decision that both Bulgaria and Romania comply with data security requirements for joining the "Schengen Information System" (SIS). A report by Carlos Coelho (EPP, PT) approving the C


Chess Gazprom Swaps Bulgaria for Romania in South Stream – Report

Gazprom is already technically prepared to drop Bulgaria and to pick Romania for its South Stream gas transit pipeline project, according to Russian paper Kommersant. "Bulgaria, which has practically given up on building the Belene NPP and the Burgas-Alexandroupol


Chess US President Thanks Bulgarian PM for Successful Cooperation

US President Barack Obama has sent a letter to thank Prime Minister Boyko Borisov for Bulgaria's support in Afghanistan. "I would like to thank you once again for your actions in Afghanistan and for the courage and dedication of your soldiers. Your solid support f


Chess Package from Bulgaria Sets off Scare in Florida

A suspicious package apparently shipped from Bulgaria and containing no postage set off a scare in a Dunedin neighborhood in Florida on Wednesday, local media reported. It was removed by a bomb squad and later found to contain medications. The Pinellas County She


Chess Bulgarian Parliament Adopts 2010 Budget Revision Act

The Bulgarian Parliament has approved the 2010 State Budget Revision Act, the first mid-year budget update in the country since 1997. A total of 120 MPs from the rightist ruling majority voted in favor of the revised budget, while 51 MPs from the opposition Bulgar


Chess Nature’s Wrath Unleashed against Bulgarian Parliament

A lightning stroke the Bulgarian Parliament's building during a thunder storm Wednesday. According to Parliament's staff, the storm has caused the clocks inside the building to stop at 5:37 pm. There are different explanations how the thunder managed to strike th


Chess Hayward set for grilling as investors welcome BP deal

WASHINGTON/LONDON (Reuters) - BP Chief Executive Tony Hayward will face the wrath of U.S. lawmakers on Thursday as investors welcomed a plan to set up a $20 billion fund to cope with Gulf of Mexico oil spill claims. Source


Chess Bulgarian Tax Agents to Rake Trash Metal Concerts

After inspecting the AC/DC and Lord of the Dance concerts, Bulgarian tax agents will keep the tradition and work at the festivals "Sofia Rocks"and "ParkLive". "We perform checks at the big music concerts in order to preliminary determine the amount of taxes and in


Chess Bulgaria’s New Financial Supervisor Resigns from Parliament

The Bulgarian Parliament officially discharged Thursday the new financial supervision head, Stoyan Mavrodiev, as a MP. Mavrodiev, a deputy from the ruling GERB party, resigned as a MP after he was elected on Wednesday to head the Bulgarian Financial Supervision Co


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