A rail corridor linking China and Europe and providing a logistical alternative to existing routes via Russia and Iran, was officially launched Monday. The EU welcomed the new corridor and pointed out that "if the transport links between Turkey and Bulgaria were further improved, the project would provide a fast and reliable land link between Europe and Asia along the ancient Silk Road," media reported.
The railway tunnel, planned to pass under the Bosporus, before the rail reached Bulgaria and Western Europe, has not yet been completed. If this happened, Bulgaria could become a transit country, part of the route.
However, in order for Chinese companies to opt for a route through Bulgaria, the country has to renovate railway lines that would allow a speed of 120 km/h.
Bulgaria’s Anti-Corruption Commission is investigating a large-scale property fraud and money laundering scheme connected to the 'Historical Park', which is associated with Ivelin Mihaylov, the leader of the Velichie party. Those arrested include the..
The ruling party and the opposition argued about the procedure for the Budget Committee meeting before the final vote on the 2006 budget . Assen Vassilev, chairman of the We Continue the Change party, attempted to block the committee’s extraordinary..
Employees in the agriculture and forestry sector staged a protest in front of the Parliament, demanding higher salaries for workers in departments that are secondary budget administrators. The protest was organized by the National Federation of..
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