Bulgaria’s CSKA President Resigns, Legendary Footballer Kostadinov Takes Helm

The current President of Bulgaria’s football champion CSKA, Alexander Tomov, announced Thursday he resigns from the post to be replaced by the legendary player Emil Kostadinov. “I do not know who I have to hand my resignation to but I am obliged to take that step and will find a way to do it,” Tomo…

Austria Bank to Provide Credit Guarantee Funds in Bulgaria

The Austrian Bank “Creditanstalt ” is providing EUR 10 M free service for the project “Establishment of Fund for Credit Guarantee” The Cabinet has approved the projected financing contracts. The funds given by the Austrian bank will be used to cover the bank issued guarantees. The goals is to sec…

US Deratment of State Trafficking In Persons Report: Bulgaria

BULGARIA (Tier2) Bulgaria is a source, transit, and, to a lesser extent, destination country for men, women, and children from Moldova, Romania, Russia, Ukraine, Armenia, Lebanon, and Uzbekistan trafficked to and through Bulgaria to Germany, Switzerland, Norway, Italy, the Netherlands, Greece, Turk…

Slovenia Shuts Down N-Plant over Cooling System Leak

Leakage in the cooling system of Slovenia’s only nuclear power plant Krsko forced it to be shut down. The European Commission said it had been informed by Slovene authorities about a problem at the power plant in the southwest of the country on Wednesday. “There is no danger for the people or the …

Search for Missing Bulgarian Sailor Continues

Rescue teams continue to search for a Bulgarian sailor who was working on the Slovak ship Norden and went missing on Tuesday, the Maritime Administration reported. According to officials, the seaman probably fell off board Tuesday afternoon as the crew found out the 41-year-old Dimitar Mihailov was…

Woman Dies Hit by Bus in Sofia

A young woman died early on Thursday after she was hit by a public transport bus on a busy intersection downtown Sofia. The tragic incident happened when the bus was making a right turn on Vasil Levski boulevard in the capital. According to witnesses, the woman was crushed by the back of the lon…

UEFA Refuses to Prolong Term for Issuing License to CSKA

Bulgaria’s football champion CSKA abandoned all hopes for participating in the Champion’s League as UEFA refused to grant a delay for issuing a license to the club. In a response to a letter of the Bulgaria Football Union (BFU), UEFA’s administration said that all clubs must be treated equally and …

Woman Dies Hit by Bus in Sofia

A young woman died early on Thursday after she was hit by a public transport bus on a busy intersection downtown Sofia. The tragic incident happened when the bus was making a right turn on Vasil Levski boulevard. The reasons behind the tragedy are still unknown as the woman was crushed by the back o…

Schwarzenegger Declares Drought in California

California Governor Arnold Schwarzenegger declared a state-wide drought on Wednesday and issued an executive order to take immediate action to address the situation. “For the areas in Northern California that supply most of our water, this March, April and May have been the driest ever in our recor…

Clinton to End Campaign, Endorses Obama

Senator Hillary Clinton has decided to officially end her historic presidential campaign and is expected to back candidate Barack Obama. Clinton’s decision came after Democrats urged her Wednesday to leave the race and allow the party to coalesce around Mr. Obama, the New York Times reported. Mrs…