Issue 206

NATALIA PETROVA: LET'S TALK ABOUT MODERN INVESTMENT

Natalia Petrova has over 20 years of experience in asset management, capital markets, equity and fixed income trading, UCITS products and services, and is a licensed investment consultant, broker and trader with government securities. Natalia Petrova is the CEO of Concord Asset Management, the biggest non-bank asset manager in Bulgaria, but her active roles are more.

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RUMOURS OF GERB'S DEMISE TURN OUT TO BE PREMATURE

Polling agencies got it wrong again

If the multitude of opinion polls were to be trusted, the election results would have been very different. The PP-DB (Changes Continued-Democratic Bulgaria), which currently runs the country through its coalition government with Boyko Borisov's GERB (which it insists is not a coalition but a "fixture") should have won Sofia hands down. It should have done a lot better in most bigger towns and cities as well.

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BULGARIA'S NEW 'PATRIOTISM'

In the summer of 2023, one of the news items that preoccupied Bulgarians for weeks on end was a... banner.

The national banner, to be more precise. After a much advertised donation campaign, organised by an NGO and supported by the president, an 111-metre-tall flagpole was erected in a meadow high in the Rhodope mountains. From it, a national banner 40 by 25 metres was unfurled.

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WHERE IN BULGARIA ARE YOU?

At the same time it found itself facing with severe labour shortages. What they did was to convince young Bulgarians... to work for free, in exchange for the promise of a brighter Socialist future where everyone would be given according to their needs and everyone's input to society would be commensurate with their abilities. The Communists were successful. Thousands of young Bulgarians joined the youth task force, misleadingly called brigade, and helped boost the national economy by building railway lines, water dams and reservoirs, power stations and...

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DEMON CHURCH

Crooked, horned and large-toothed, happily dragging sinners to Hell: demons make some of the most interesting, if slightly unrefined, characters of 19th century Bulgarian religious art. You will mostly see them in moralistic murals painted on the exterior walls of churches.

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DEAD POETS SOCIETY

It has become a commonplace that a nation can be understood best by the sort of treatment it give its poets rather by its military victories or GDP levels. This notion may be a bit outdated in a world run by social media where electronic "devices" by far outnumber fountain pens, and where a "content creator" makes more than a teacher of literature. But it is still at least indicative. Bulgaria, whose writers and poets have been translated into English only sporadically, is a case in point. On the one hand, it is very proud of its literary heritage.

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ASEN VASILEV GETS BANNED FROM BALLOT BOX

The man, who went to his native Haskovo, in southern Bulgaria, to vote in the local elections was turned away by the election authority because he failed to live up to the basic requirement of having had an address in his constituency for at least six months. The Haskovo commission announced the address they had for Vasilev dated back to 2000 and was in the United States.

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HISTORY, ROSES, AND WATER BUFFALOES

Years ago, if you'd asked me what I know about Bulgaria, I'd have said, "Not much. It's in Eastern Europe, behind the Iron Curtain, I think." Indeed, it was behind the Iron Curtain when that dark metaphor described a very real feature of the World Order. But what once was, often no longer is – especially in Bulgaria, a country which, during its long history, has seen multiple conquerors and empires come and go. Thracians, Greeks, Romans, Germanic tribes, Ottomans and, more recently, Russians are among the foreign forces that have overrun Bulgaria.

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QUOTE-UNQUOTE

Yes, I was informed that during the street violence the interior minister was at the movies. At this time there was a meeting of the Council of Ministers and the deputy minister was present instead. I had to tell him to leave the meeting and do his job.

Prime Minister Nikolay Denkov on the whereabouts of Interior Minister Kalin Stoyanov during the violent clashes between football fans and the police in Sofia

I was neither in a bar, nor in a disco.

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BUY ART, GIVE FUTURE TO A CHILD

The charity exhibition Buy Art, Give Future To a Child is a chance to buy top photography from some of Bulgaria's finest authors and to help disadvantaged children to realise their talents and potential. The proceeds from the exhibition at the Sofia Press Art Gallery will go to the Plyusheno Meche, or Teddy Bear, association which organises Bulgaria's Hidden Talents mentorship programme. It helps talented young people without parents or at risk to enlist in university or get a job.

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