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 12 June 2010 | 00:01 +0300
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  Breaking News
Greece says committed to trans-Balkan oil pipeline



11 June 2010 | 22:41 | Focus



Athens. Greece said on Friday it remained committed to plans to build a trans-Balkan oil pipeline to carry Russian crude through Bulgaria to Greece, after Sofia said it was likely to abandon the project, Reuters reports.
"The Greek side remains committed to the completion of this project and continues its efforts towards this direction," said government spokesman George Petalotis.
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 Hot News until 00:01
Bulgaria has not taken official steps to terminate its participation in Burgas-Alexandroupolis project: Council of Ministers
11 June 2010 | 18:26 | Focus
First comments in the Russian media about Burgas-Alexandroupolis, Belene NPP (ROUNDUP)
11 June 2010 | 18:51 | Focus
Football: South Africa and Mexico draw 1-1
11 June 2010 | 19:10 | Focus
Without two energy projects? (ROUNDUP)
11 June 2010 | 16:26 | Focus
 Opinion
Mariana Kukusheva: It’s not only brown bread that’s healthy



11 June 2010 | 14:49 | FOCUS News Agency



Mariana Kukusheva, chairperson of the federation of bread manufacturers bakers in Bulgaria, comments on bread consumption and its manufacturing in the time of the crisis in interview to FOCUS News Agency

FOCUS: Mrs Kukusheva, what kind of an effect will the possible rise in the price of electricity have on the price of bread?
Mariana Kukusheva: The increase in the price of electricity and natural gas will lead to an increase in the price of all goods and commodities, as they are manufacture expenditures. This increase may reflect on the manufacturers to a different extent but this proposition has not yet been approved. The moment that the increase in electricity becomes clear, we will start calculating the manufacture cost. We must also take into account that this increase will lead to an increase in the price of raw materials, thus creating a chain reaction.

FOCUS: What will be the increase in the price of bread?
Mariana Kukusheva: The easiest way to explain it is to think that the increase of bread would equal the increase of electricity in percentages. However this is impossible. The increase will have an effect first on the raw materials, then on the manufacturing and then on the market so there will probably be a percentage of deficit on the actual price. Furthermore the increase in electricity of more than 20 per cent would certainly mean an increase of VAT as well, considering that electricity, as any other product on the market, has VAT. Thus with an increase of the initial price we have a higher VAT, which is calculated from the new increased price and then added to it. It all looks really scary and it is still early for price predictions.
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