Bulgaria

Bulgarian inflation slows, but still threatens annual target

Sofia - The retail prices inflation in Bulgaria slowed to 0.1 per cent in August, reaching 6.3 per cent since the start of the year, the National Statistical Institute said Friday.

Bulgaria launches work on new nuclear power plant

Sofia  - The Bulgarian government Wednesday launched the construction of the nuclear power plant at Belene, which Prime Minister Sergey Stanishev described as the "largest project in the last 18 years."

The 5.8-billion-dollar plant with two 1,000 megawatt generators is being built on the Danube 220 kilometres northeast of Sofia. Bulgaria already runs the Russian-built Kosloduy plant some 100 kilometres upstream of Belene.

Bulgaria, a member of the European Union since 2007, awarded the Belene project to the Russian firm Atomexportstroy in late 2006. French and German giants Areva and Siemens were hired as sub- contractors in the project.

US, Bulgarian troops in anti-terror exercise

BulgariaSofia- US and Bulgarian troops Monday began a seven-week joint exercise to practice fighting terrorists in places like Afghanistan and Iraq, the Bulgarian Defence Ministry said.

Up to 900 US and 300 Bulgarian soldiers are taking part in the drill, dubbed Bulgarian Panther 2008, at the Novo Selo Training Area in the south-east of the former Soviet-bloc nation.

Goals of the exercise, due to end on October 17, include making it easier for Bulgarian and US forces to operate together.

Japan approves credit for Bulgarian Black Sea ports

BulgariaSofia  - Bulgaria and Japan on Friday agreed a 36.93 billion yen (337 million dollars) credit for the construction of cargo terminals in Bulgaria's Black Sea ports Varna and Burgas.

The Japanese Bank for International Cooperation approved the 25- year credit, with a 7-year grace period and a 1.4 per cent interest rate, for the "construction and development" of container cargo terminals in the two ports by 2014.

“Stone clock” discovered from the First Bulgarian Kingdom

Sofia (Bulgaria), August 29 : A stone clock from the first Bulgarian kingdom has been discovered, among other findings, near Mogila village, Kaspichan municipality, in Bulgaria.

According to a report in www. news. bg, some Bulgarian citizens accidentally came across two stone blocks near a Proto-Bulgarian fortress, out of which one portrayed a “stone clock” or “stone calendar”.

The fortress is a part of the system, constructed for the defense of the capital Pliska. It closely resembles the Madara fortress, but is considerably smaller.

At the initial investigation, enormous treasure-hunter decays could be seen, reaching a depth of 4 meters.

EU anti-corruption officials in Bulgaria

EU again working on implementing sanctions against IranSofia  - Officials from the European Union's anti-corruption authority OLAF began new investigations Monday in Bulgaria to take a closer look at Sofia's spending on EU-financed projects.

In the work coming shortly after a visit to Sofia by OLAF chief Franz-Hermann-Bruener, the EU experts were focusing on EU-funded projects in Bulgarian rural development efforts, according to local media reports.

Last Friday, Bruener demanded that Bulgaria implement "better controls" in the way it spends EU money.

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