Greece falls again back into recession
Greece has fallen back into recession for the first time since 2012, official figures from Eurostat show. The country's GDP fell by 0.1% in the Q1 after shrinking by 1.2% in the final quarter of 2016. According to Markit's chief economist Howard Archer, Greece's return to recession was largely due to uncertainty over the bailout.
Member States have say on trade deals
Member States national parliaments have the right to veto an EU free trade deal with Singapore, according to the EU top court ruling issued last Tuesday.
Food squandering should be cut throughout EU
Squandering habits make it possible that every year 88 million tonnes of food, or 173kg per person, which are worth €143 billion, be thrown as a waste throughout the EU.
Balancing budget, reducing deficit
Balanced budget, a gradual reduction of the deficit and a conservative fiscal policy are some of the main points in the three-year budget forecast approved by the Council of Ministers, which sets out the framework for the development of public finances and the distribution of government expenditures across the board for the next three years. Minister of Finance Vladislav Goranov presented this information to journalists on 17 May. The programme targets a gradual reduction of the deficit and reaching a balanced budget in 2020, the minister noted.
Shares of foreign companies to be traded on Bulgarian market
Shares of foreign companies will be traded on the Bulgarian Stock Exchange (BSE) thanks to a project that has been in the works since last summer, announced Vasil Golemanski, chief executive officer of BSE. Called BSE International, the project envisions the establishment of a special platform in the Bulgarian market dedicated to the trading of shares of companies listed in European markets.
China's augur for changed global order
Domestic quarrels and a distaste for global engagement may be the hallmarks of Donald Trump’s erratic presidency of the United States, but the world is moving on. On 14 May Emmanuel Macron was inaugurated as French President, raising hopes of a re-energised European Union. On the same day in Beijing Chinese President Xi Jinping showcased his ‘Belt and Road Initiative’ (BRI), an ambitious vision of a refashioned, interdependent and closely connected world.
Vulnerable new world
Prof. Mihail Konstantinov
In 1932 the famous novel Brave New World by English author Aldous Huxley (1894-1963) was published, preceding another dystopian and equally celebrated work by yet another Englishman – 1984 by Eric Blair, better known as George Orwell. The story is set in the 26th century when society is shaped by artificial reproduction, eugenics and hypnopedia.
Macedonia's Zaev gets mandate
Macedonia's President Gjorge Ivanov, bowing to strong international pressure, asked last Wednesday the long-time opposition Social Democratic party (SDSM) to form a government, news wires reported. He handed the mandate to SDSM leader Zoran Zaev, who has formed a parliamentary majority by winning the support of ethnic Albanian parties. The new majority has the support of 67 of the 120 MPs. Zaev said he will try to form a government by the end of the month.
Trump embroiled in Russian scandals
Another series of revelations on the scandal surrounding US President Donald Trump and former FBI Director James Comey has been brought to light by the New York Times. The publication claims that the fired FBI head documented his meetings with Trump and reveals the content of one particular memo.
China vows $124bn for new Silk Road
China's first ever Belt and Road summit, held in Beijing on 14 and 15 May, has reached a broad consensus and achieved positive outcomes, President Xi Jinping said at the end of the glorious forum, which gathered leaders from 29 countries. The Belt and Road initiative would work to ensure an open world economy, rebalance globalisation and work toward trade liberalisation, Xi said, adding that it would also boost support for green and low-carbon development.
New order in oil policy orchestrated
Russia and Saudi Arabia are orchestrating a new order in the world’s oil policy. Last Monday Saudi Energy Minister Khalid al-Falih and his Russian counterpart Aleksander Novak agreed during a meeting in Beijing that their crude production cut would be extended from the middle of this year until March 2018.
Italy's Atlantia makes step to acquire Spain's Abertis
Italy's Atlantia bid last Monday €16.3bn for Spain's Abertis in an effort to create the world's biggest toll road operator with a market value of more than €36bn.
Two mysteries share one stage
Following its successful US tour, Le Mystere des Voix Bulgares (the Mystery of Bulgarian Voices) choir is about to make its domestic fans happy with a new repertoire. There are two scheduled concerts – for 6 June at Hall Bulgaria in Sofia and 8 June at the Ancient Theatre in Plovdiv. The concerts will also feature the exceptional Lisa Gerrard from Dead Can Dance.
Wisdom is in short supply
Pepa Vitanova, BTA
Normally, I would have an idea and take it on the road. I do not embark on journeys without doing the necessary research in the library first. This way, I know exactly what I am looking for when I am traversing the globe.
From needle to thread
Have you heard of cosplay? The term is gathering popularity these days. Ani Ivanova from Nakama Club and cosplayer Irina Tsapreva tell us more about this fascinating hobby in an interview with BGNES.