Sofia

Fuel retailer launches Bulgaria's fourth mobile operator

Fuel retailer launches Bulgaria's fourth mobile operator Sofia - The Bulgarian fuel retailer Petrol would become the Balkan country's fourth mobile phone operator this week, it said in a statement Monday.

The Petrol mobile service, which the company would run alongside its core business of operating petrol stations, is set to launch on Wednesday.

Using the network of the largest operator, M-Tel, Petrol would offer pre-paid packages for the low-income segment of the market - students, pensioners and the economically challenged.

Fuel retailer launches Bulgaria's fourth mobile operator

Sofia  - The Bulgarian fuel retailer Petrol would become the Balkan country's fourth mobile phone operator this week, it said in a statement Monday.

Foreign investments drop in Bulgaria amid global crisis

Sofia, BulgariaSofia - Foreign investments in Bulgaria have dropped at a rate of 7-8 per cent owing to the global financial crisis, an economic expert said Monday citing raw data.

Foreign investments in first eight months of 2008 totalled 1 billion euros (1.35 billion dollars) less than in the corresponding period in 2007, the head of the Centre for Liberal Strategies, Georgi Ganev, told Darik Radio.

Stressing the figures were "preliminary," without the seasonal factor included, Genev said "the final drop would be around half a billion euros, or 7-8 per cent, from the 6 billion in 2007.

Bulgaria launches first trial for abuse of EU funds

BulgariaSofia  - A Bulgarian court on Monday launched a trial against 9 people accused of embezzling millions from European Union aid funds.

The defendants were accused of stealing 14 million leva (9.6 million dollars) from funds made available to Bulgaria by the EU as part of the SAPARD (Special Accession Programme for Agriculture and Rural Development) programme.

The defendants allegedly imported used machinery for meat processing, but forged documents so the machines could be registered as new. The EU fund was drawn upon for the cost of new equipment, with the defendants allegedly pocketing the difference.

Trial starts in Bulgaria against 9 persons for embezzling millions from EU Aid Funds

Sofia - A Bulgarian court on Monday launched a trial against 9 people accused of embezzling millions from European Union aid funds.

Bulgaria passes overdue law on conflicts of interest

BulgariaSofia  - Almost two years after joining the European Union, Bulgaria has passed legislat

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