ASEM summit: debating club
Heads of state and government from 53 countries in Europe and Asia gathered last week in Milan for the regular Asia-Europe summit, but current issues such as the Ukrainian crisis, Russia's threats to reduce gas supplies to the EU and concerns over the spread of Ebola cast a shadow over the talks. This was the 10th ASEM summit since the organisation was founded in 1996. The theme was Responsible Partnership for Growth and Security. Taken as a whole, the ASEM countries are home to 60% of the world's population. Half of the world's economic output is generated in Europe and Asia. Ukraine is not a member of ASEM yet, but the meeting between Russia's President Vladimir Putin and his Ukrainian counterpart Petro Poroshenko on the sidelines of the summit drew the largest media interest.
Europe embarks on big data market place
Maria Koleva, Brussels
Large amounts of data from various sources, whether climate information, satellite images, digital photos and videos, or purchase transaction records, GPS signals are a crucial asset for the economy.
Energy costs and subsidies among EU28 unveiled
The way energy markets function and the size and effect of government interventions has been the subject of debate for years. To date, however, a consolidated dataset for government interventions in the power market of the EU has been missing.
Migrants without papers to be tracked across Europe
A crackdown by Schengen Member States to track migrants without papers or official documentation got under way last Monday amid a surge in refugees from the Middle East, news wires reported.
MPs begin work on 27 October
President Rosen Plevneliev will convene the 43rd National Assembly at 2 p.m. on 27 October, the Bulgarian head of state said on 15 October, emerging from a two-hour sitting with representatives of the eight political formations that will enter the next parliament. President Plevneliev reiterated the constitutional procedure and said that he would entrust the mandate to the political power with the largest parliamentary representation to form a government once the National Assembly is structured and the parliamentary floors are formed.
Bulgaria to build unique cancer treatment hub
Bulgarian scientists have already drafted a project for the construction of a unique centre for the treatment of cancer with the use of the revolutionary CERN-developed Hadron-therapy.
Changing EU's central mantra
Little noticed in Jean-Claude Juncker's mission letters to his commissioner-candidates is some surprisingly bold language, which seems to swap federalists' mantra of "more Europe" for "Europe, when nothing else will do". The wording is important because of the recent debate over the EU's pursuit of 'ever-closer union'. This phrase has been a fixture of European treaties since the 1957 Treaty of Rome, and has become a focus for eurosceptics.
Where Might means Right
Neither Russia nor the West expected such a deep, and for now irreparable, crisis in their relations. The West responded to the annexation of Crimea and to Russia's egregious violation of Ukraine's sovereignty with economic sanctions. Putin's abrupt policy moves, aggravated by the sanctions, precipitated Russia's economic and social decline.
US: IS made 'substantial gains'
An American envoy to the US-led coalition fighting the IS terrorists says the group has advanced greatly in Iraq in spite of increasing air raids. Speaking to reporters on 15 October, John Allen, a retired four-star US general, said it was obvious that the militants have "made substantial gains in Iraq". The general noted that it would take time to form forces comprising local people who will then fight them both in Iraq and Syria.
Ukraine faces crucial election test amid clashes
The elections for Ukraine's Verkhovna Rada, scheduled for 26 October, have been greatly anticipated as a serious test and an indicator of the country's ability to return to normal life after Russia's annexation of the Crimean peninsula and the separatist rebellions in the east.
Securities regulation further toughened
Global regulators are trying to curb unregulated risks in 'shadow banking' by making it more expensive for hedge funds and insurance companies to raise money from loaning shares, news wires reported. Last Monday, the Financial Stability Board (FSB), which coordinates regulation for the G20 economies, published its new rule for the first global minimum 'haircut' on collateral used to back securities financing transactions, toughening up its original draft proposal.
Global gloom pushes crude to record low
Brent crude oil fell below $88 a barrel last Monday, its lowest level in almost four years, due to signs of weak global growth, news wires reported. It was further pushed down as key Middle East producers signalled they would keep output high even if that meant lower prices. Moreover, Saudi Arabia has privately told oil market participants it can accept oil prices between $80 and $90 a barrel, Reuters reported.
Statoil exits Shah Deniz gas project
Norway's biggest energy company Statoil announced its exit from Azerbaijan's Shah Deniz gas project by selling its remaining 15.5% stake to Malaysia's Petronas for $2.25 billion last Monday.
Lilyana Karadzhova, Novinar Daily
The Contemporary Art Foundation is proud to present an exhibition of the famous American artist Brian Dailey at the National Art Gallery in Sofia. The project showcases contemporary American art in Bulgaria and is a continuation of the initiative that kicked off in the spring with Shannon Plumb's exhibition at Akademia Art Gallery. Brian Dailey's display under the motto Declassified: Unraveling a Paradox includes artistic photographs of the author.
I just know I will not fail
It is an honour to have my literary work and talent recognised in the form of such high praise for my latest book. Whatever you do for a living, but even more so if art is your bread and butter, you need a pat on the back, some kind of encouragement every once in a while.
Close to ecstasy
The great Bulgarian sculptor Prof. Valentin Starchev explores the fringes of ecstasy in his latest exhibition, the opening of which took place on 14 October at the Nuance Art Gallery in Sofia.
Under St Petka's protection
The Cheparlinski Monastery St Petka is located on the bank of the Nishava River, some 2 kilometres away from the village of the same name and 80 kilometres west of Sofia.