Fri, Feb 10 2012
The full impact of the global financial crisis may not yet have taken hold on Bulgaria, but already the country has seen a number of job losses and announcements that some firms are rethinking investments. Machine builders and electronics makers are feeling the full brunt of the crisis with car battery maker Monbat and starter and torque batteries maker Elhim Iskra planning to eliminate further jobs amid darkening sales outlooks, Dnevnik reported on December 12.
In a year beset by the tribulations of the global financial crisis, the German minister of economics and technology Michael Glos celebrates the German economy's triumph. Sounder public finance, rising employment and falling unemployment, growing individual incomes and broadening opportunities for local companies underpin its achievements and feature in the country's Annual Economic Report 2008.
Economy Minister Petar Dimitrov delivered one of the quotes of the year so far when he put his faith in God to improve the standard of living in Bulgaria. Talking to reporters in Varna this week, he said: "If God turns out to be Bulgarian, we will be living better years from now". It would take nothing short of divine intervention to accomplish the scenario he was talking about - Bulgaria catching up with the rest of the European Union. It would take a mere decade for Bulgaria to accomplish that, provided that its economy grew by 15 per cent in that time, while the rest of the EU trudged along at a pedestrian rate of two per cent, according to Dimitrov.
In the fourth quarter of 2011, the average monthly salary increased to 727 leva, 4.9 per cent higher than in Q3, the National Statistics Institute says.
For the first time in six months, global food prices rose overall in January 2012, the UN Food and Agricultural Organisation said.
The package will be discussed with the Association of Bulgarian Banks before the amendments are submitted to Parliament.
Debate at the half-day event will cover what has been achieved so far and what further can be done by the Bulgarian Government to support development of the market.
Selectivity, not popularity, is the driving force behind Sofia's most exclusive members' only club.

Lyubov Kostova was appointed country manager of British Council Bulgaria effective January 1, replacing Tony Buckby, who left in October 2011 to take a similar position at British Council Greece. Kostova has been with British Council Bulgaria for 11 years, as public communications manager and, since 2008, as the head of project and partnerships department. Prior to joining the British Council, Kostova was head of international activities at the National Academy for Theatre and Cinema Arts (NATFIZ). She has a degree in Indian studies from Kliment Ohridski Sofia University.

Stefan Apostolov is the new chief executive of CEZ Razpredelenie Bulgaria, the power transmission subsidiary of Czech energy company CEZ in the country. He replaces interim chief executive Ales Damm, who remains the chairperson of the CEZ Razpredelenie management board. Apostolov has 30 years of experience in the energy sector, joining CEZ in 2007 as director of customer service and was later appointed as head of business development. Apostolov has a master's degree in electric systems from the Belorussian National Technical University in Minsc, management diplomas from Open University London and New Bulgarian University, as well as a master's degree in business administration from Plovdiv University.

Valentina Dikanska is the new general manager of chemical industry giant BASF subsidiary in Bulgaria, taking over from Herbert Fisch, BASF vice president for Southeastern Europe. Dikanska, who started her career as an expert in the Finance Ministry, joined BASF Bulgaria as director of finance and administration in 2002. She becomes the first Bulgarian to hold the top management position in the company in its 40-year history on the Bulgarian market. Dikanska holds a master's degree in economics from the University for National and World Economy in Sofia.

Alexander Albin has been appointed chief executive of fuel distributor Rompetrol Bulgaria, replacing Nichita Sorin, who left to become chief executive of Rompetrol Gaz in Romania. Albin was previously chief executive of Rompetrol Georgia. He has more than 15 years of experience in the oil and gas industry; prior to joining Romania's oil group Rompetrol in 2008 as an adviser, he oversaw operations at Atyrau refinery in Kazakhstan, owned by Rompetrol's parent company KazMunaiGaz. He previously held top management positions at two other leading Kazakh oil and gas companies.
ever heard of Chicken krenvirshi?
you can make krenvirsh out of anything, including cardboard.
Silly photo...they won't want Bulgaria Pork "Krenvechi" Bulgarian white cheese, honey, jam and bottled fruits are popular in the near east...Not Pork