UK tabloid Daily Star informs its readers that a "massive" influx of migrants entering the UK from Bulgaria can be expected in the wake of the economic crisis.
According to the newspaper, which cites its source as Bulgarian newspaper Standart, "a massive 29 per cent of the population can no longer afford to eat, while one in five earn less than £90 a month (about 200 leva) for full-time work".
The Daily Star quotes figures saying that more than 2000 immigrants a month came to the UK from the former Eastern Bloc nation before the recession, then the numbers began to dwindle. According to the newspaper, "now Bulgarian officials believe similar numbers could start heading to the UK again, despite our (the UK's) population standing at over 61 million".
The article goes on to quote a Bulgarian official as saying: "Britain is the No 1 target for people leaving our country. It’s where they believe they can most easily pick up work."
The paper concludes by saying that "the influx is set to be one of the trickiest issues for new immigration minister Damian Green".
Uncles Comment: For the poorest the diet is poor but this is just alarmist nonsense.Usually the young economically mobile leave, most cannot afford to.
Monday, 17 May 2010
Security Matters
I had an interesting meeting the other day with a UK company offering really interesting internet based technology here in Bulgaria.Basically it offers camera surveillance on your property plus the opportunity to control equipment in your property, from your computer in the UK.For example you can turn on lights in your house or in the swimming pool or the swimming pool pump, or you can see that the grounds maintenance is being done.The clients can have from one to 32 cameras.The cameras are movement sensitive and will send a report to you every time there is an 'event'.It's surprisingly cheap.
If anyone is interested then please e mail me on info@gobg.co.uk or ask questions via this blogs comment section.
If anyone is interested then please e mail me on info@gobg.co.uk or ask questions via this blogs comment section.
Last nights storms
Here is a nice u tube film of last nights events in Bansko !.Click on the post title for the link.
Sunday, 16 May 2010
Money matters
Bulgaria FinMin: Revised Budget 2010 Taps into Fiscal Reserve
Finance
Bulgaria's finance minister has confirmed reports that the revised 2010 budget law taps into the fiscal reserve as the government battles recession and seeks for ways to fill in the budget gap.
“This is the most reasonable way because it is free of charge. People say “Save money for rainy days.” This is exactly what the fiscal reserve is for,” Minister Simeon Djankov said on Sunday.
“Every other option means that Bulgaria will have to fork out more money for foreign banks. This is unreasonable for the time being,” he added.
According to the finance minister the revised budget bill will be fully prepared next week when the cuts in the administration expenditures are finally clear.
The center-right cabinet, which swept to power in July last year, had to revise the budget after it decided to slash public spending by 20% instead of increasing value added tax to back the public finances.
It has already give the green light to a plan to cut state wages, freeze pensions and sell public property to keep a low budget deficit and maintain fiscal stability.
The fiscal reserve will slump from BGN 6.4 B to BGN 4.5 B at the end of the year, shows the revised budget that the government has tabled in parliament and which local Sega daily has obtained.
Prime Minister Boyko Borisov had previously said the country will issue debt to fill in the fiscal reserve and give a sign to foreign observers that the currency board is stable.
Bulgaria operates in a currency board regime, under which the lev is pegged to the euro, and is obliged to keep a fiscal reserve. At the end of March it stood at BGN 6.3 B, flat month-on-month, and down from BGN 7.95 B in the same period a year ago, data showed.
Bulgaria passed a 2010 budget planning for a 0.7% deficit, but was forced to revise that target to 2.4% at the start of the year.
Bulgaria’s budget deficit will reach 2.8% of gross domestic product (GDP) this year, after 3.9% in 2009, according to a European Commission forecast.
The government forecasts economic growth of 1% this year after a 5.1% contraction in 2009.
Finance
Bulgaria's finance minister has confirmed reports that the revised 2010 budget law taps into the fiscal reserve as the government battles recession and seeks for ways to fill in the budget gap.
“This is the most reasonable way because it is free of charge. People say “Save money for rainy days.” This is exactly what the fiscal reserve is for,” Minister Simeon Djankov said on Sunday.
“Every other option means that Bulgaria will have to fork out more money for foreign banks. This is unreasonable for the time being,” he added.
According to the finance minister the revised budget bill will be fully prepared next week when the cuts in the administration expenditures are finally clear.
The center-right cabinet, which swept to power in July last year, had to revise the budget after it decided to slash public spending by 20% instead of increasing value added tax to back the public finances.
It has already give the green light to a plan to cut state wages, freeze pensions and sell public property to keep a low budget deficit and maintain fiscal stability.
The fiscal reserve will slump from BGN 6.4 B to BGN 4.5 B at the end of the year, shows the revised budget that the government has tabled in parliament and which local Sega daily has obtained.
Prime Minister Boyko Borisov had previously said the country will issue debt to fill in the fiscal reserve and give a sign to foreign observers that the currency board is stable.
Bulgaria operates in a currency board regime, under which the lev is pegged to the euro, and is obliged to keep a fiscal reserve. At the end of March it stood at BGN 6.3 B, flat month-on-month, and down from BGN 7.95 B in the same period a year ago, data showed.
Bulgaria passed a 2010 budget planning for a 0.7% deficit, but was forced to revise that target to 2.4% at the start of the year.
Bulgaria’s budget deficit will reach 2.8% of gross domestic product (GDP) this year, after 3.9% in 2009, according to a European Commission forecast.
The government forecasts economic growth of 1% this year after a 5.1% contraction in 2009.
Friday, 14 May 2010
Greece is the word....
OK so we have now seen the trillion dollar bailout of the Greek fantasy economy, what does this mean for the rest of the Eurozone and Bulgaria in particular ?.
The implications are actually quite serious, Greece as a Balkan state is a major investor in Bulgaria, for instance Piraeus Bank is a major player here.Greece's public debt has now been downgraded to 'junk bond' staus, this means that the interest rates on repayment are very high, as the risk is assessed to be greater. All Greek related assets are as a result tainted with this crisis.
Bulgarias economy has suffered a body blow with the news that the outgoing governmemnt borrowed and spent substantially in its last few weeks in office, coupled with the Greek news its not good, but the big players in the Eurozone cannot afford to mess the Greek situation up.
The implications are actually quite serious, Greece as a Balkan state is a major investor in Bulgaria, for instance Piraeus Bank is a major player here.Greece's public debt has now been downgraded to 'junk bond' staus, this means that the interest rates on repayment are very high, as the risk is assessed to be greater. All Greek related assets are as a result tainted with this crisis.
Bulgarias economy has suffered a body blow with the news that the outgoing governmemnt borrowed and spent substantially in its last few weeks in office, coupled with the Greek news its not good, but the big players in the Eurozone cannot afford to mess the Greek situation up.
Cameron and Clegg - A marriage made in hell
I have been watching UK political developments with a mixture of amusement and horror.Along with many others I had presumed that after a short flirtation with the Tories that the Liberals would enter into a grand coalition with the other progressive forces.The fact that they have entered into a full blown coalition with the Tories merely demonstrates the allure of power.It represents a monstrous betrayal of any political ideals that the Liberals ever had.For a few cabinet seats and some nod toward electoral reform they are tied in with reactionaries who are hell bent on butchering public services.
This is the death knell of the Liberal Democrats as a centre-left force.If they get electoral reform then they will get more MP's and a semi permanent place on government but they will be bereft of any legitimacy.Its a smart career move for Clegg but it will split his party, and this government will, I am sure, implode after a few months.
Now Labour have a chance to regroup and re-evaluate.There are some good people left there and hopefully Blairite baggage can be shed so that Labour becomes a european style Social Democratic Party.My prediction is that Labour will be back in goverment within 18 months.
This is the death knell of the Liberal Democrats as a centre-left force.If they get electoral reform then they will get more MP's and a semi permanent place on government but they will be bereft of any legitimacy.Its a smart career move for Clegg but it will split his party, and this government will, I am sure, implode after a few months.
Now Labour have a chance to regroup and re-evaluate.There are some good people left there and hopefully Blairite baggage can be shed so that Labour becomes a european style Social Democratic Party.My prediction is that Labour will be back in goverment within 18 months.
Things are looking up !
BULGARIA'S HOUSING REAL ESTATE TURNS INTO BUYERS MARKET - REPORT
The fall in housing prices in Bulgaria will continue in the next several months before the real estate market sees a stabilization, a study of Colliers International shows.
The 3 main factors supporting the buyers' market now are the large variety of offers, flexibility of investors and favorable bank mortgage terms, according to Colliers International, Bulgaria.
In the first quarter of 2010, the average listing prices for housing in Sofia have fallen down by 3% with the most significant reductions registered in the Malinova Dolina suburb – 9%, followed by 7% in the affluent Boyana and Dragalevtsi suburbs, and 6% in the suburbs of Borovo and Manastirski Livadi.
Prices in the Sofia districts Ivan Vazov and Dianabad, however, have remained the same or fallen by less than 1%.
In addition, in the first quarter of 2010, mortgage interest rates are also down, the amount financed by the banks is up and there are additional bonuses. Investors further compete for buyers by offering flexible financing programs such as rent-to-buy and differed payments.
On the other hand side, according to Colliers International, buyers in Bulgaria are now much more informed; they seek a balance between price and quality and pay attention to the construction materials that have been used, the location and the infrastructure, leading to a large fall in the so-called “off plan” purchases.
Uncle's comment: This reflects my view that the market is bottoming out and that 2010 is the time for investors to get out of their slumber and take another look at Bulgaria.
The fall in housing prices in Bulgaria will continue in the next several months before the real estate market sees a stabilization, a study of Colliers International shows.
The 3 main factors supporting the buyers' market now are the large variety of offers, flexibility of investors and favorable bank mortgage terms, according to Colliers International, Bulgaria.
In the first quarter of 2010, the average listing prices for housing in Sofia have fallen down by 3% with the most significant reductions registered in the Malinova Dolina suburb – 9%, followed by 7% in the affluent Boyana and Dragalevtsi suburbs, and 6% in the suburbs of Borovo and Manastirski Livadi.
Prices in the Sofia districts Ivan Vazov and Dianabad, however, have remained the same or fallen by less than 1%.
In addition, in the first quarter of 2010, mortgage interest rates are also down, the amount financed by the banks is up and there are additional bonuses. Investors further compete for buyers by offering flexible financing programs such as rent-to-buy and differed payments.
On the other hand side, according to Colliers International, buyers in Bulgaria are now much more informed; they seek a balance between price and quality and pay attention to the construction materials that have been used, the location and the infrastructure, leading to a large fall in the so-called “off plan” purchases.
Uncle's comment: This reflects my view that the market is bottoming out and that 2010 is the time for investors to get out of their slumber and take another look at Bulgaria.
Farewell Dimitar !
BULGARIA'S FOOTBALL STAR BERBATOV CALLS IT QUITS WITH NATIONAL TEAM
The Manchester United striker, Dimitar Berbatov, announced Thursday he will no longer play with Bulgaria's national football team and is leaving them after 11 years.
During his press conference, Berbatov, who is also the captain of team, did not state a particular reason, just a combination of several ones – fatigue and inability to do more for the national team, a knee problem, the need to give way to younger players, focus on his play with the UK club, and on his family and his baby daughter and spare them the huge stress he has been subjected to as the nationals' captain.
According to numerous speculations, Berbatov is withdrawing over harsh and persistent media attacks and non-stop criticism of his performance with the national team, however, he said Tuesday he is not at all upset and criticism is not the reason behind his decision.
“No one has achieved anything by being upset. I have a goal in life and in my career and I follow my plan,” Berbatov explained.
The player's debut with the national team was in November 1999 against Greece. He scored his first goal against Chile in 2000 and has a total of 18 goals as part of the team, but has been strongly criticized in the last years for lacking leadership abilities.
Uncles Comment: The national tean has gone absolutely nowhere and it has had no real success since the 1980's !
The Manchester United striker, Dimitar Berbatov, announced Thursday he will no longer play with Bulgaria's national football team and is leaving them after 11 years.
During his press conference, Berbatov, who is also the captain of team, did not state a particular reason, just a combination of several ones – fatigue and inability to do more for the national team, a knee problem, the need to give way to younger players, focus on his play with the UK club, and on his family and his baby daughter and spare them the huge stress he has been subjected to as the nationals' captain.
According to numerous speculations, Berbatov is withdrawing over harsh and persistent media attacks and non-stop criticism of his performance with the national team, however, he said Tuesday he is not at all upset and criticism is not the reason behind his decision.
“No one has achieved anything by being upset. I have a goal in life and in my career and I follow my plan,” Berbatov explained.
The player's debut with the national team was in November 1999 against Greece. He scored his first goal against Chile in 2000 and has a total of 18 goals as part of the team, but has been strongly criticized in the last years for lacking leadership abilities.
Uncles Comment: The national tean has gone absolutely nowhere and it has had no real success since the 1980's !
Wednesday, 5 May 2010
Not so sunny at Sunny Beach !
State Succeeds in Ousting Bulgaria's 'Sunny Beach' Board
Tourism
The Bulgarian State finally succeed to replace the Managing Board of the country's largest beach resort “Sunny Beach” after a 9-year rule of the minority shareholders.
The shuffle was proposed by the Minister of Economy, Energy and Tourism, Traicho Traikov. The State is the majority owner with 75% of the shares.
The CEO, Malina Stratieva, the representative of the minority private shareholders, former weapons trader and now hotel owner, Mladen Mutafchiiski, and the State representative, Eli Anavi have all been ousted.
They are replaced by Traikov's Deputy for Tourism, Ivo Nikolov, Konstantin Lefterov, municipal councilman from the Black Sea town of Nessebar, the Deputy Regional Governor, Zlatko Dimitrov, among others.
Also on Tuesday, the branch organization of the ruling Citizens for European Development of Bulgaria (GERB) party in Nessebar issued a declaration stating the replacement of the Board is an event that equals only the creation of the resort.
According to the declaration, in the last years, the vacation place has been subject to pillage, too much construction, scandals, conflict of interests, waste of resources from the privatization for ineffective projects, sale of land plots without pubic tenders, criteria and appraisals, violations in the renting of parking lots and much more.
Meanwhile, the Nessebar Town Hall stated their position that those hotel owners who, in the last 10 years, have turned the former “green resort” in “a mafia concrete ghetto” and at the same time managed State property must be held responsible.
“Sunny Beach is Bulgaria's prime example of the merge of organized crime, political lobbying, power and corruption,” the municipal statement reads, adding they were pressured to purchase the resort's infrastructure at unfavorable prices, which triggered scandals each season about the maintenance of the streets, lighting, green areas and other infrastructure.
“In addition, some, still unsolved, murders haunt our memories, such as the last one – of former Chair of the Municipal Council, Dimitar Yankov, who openly opposed Mladen Mutafchiiski,” the Nessebar Town Hall declaration reads.
Wednesday, 28 April 2010
A very positive move
BULGARIA ESTABLISHES SPECIAL TRIBUNAL FOR MAFIA BOSSES
Bulgaria's most dangerous criminals, ringleaders, and corrupt individuals at high-ranking positions are to receive verdicts by a special Tribunal.
The tribunal will be established in the next 12 months as part of the Bill to create separate “Anti-mafia” courts to try the cases against organized crime and corruption, Interior Minister, Tsvetan Tsvetanov, informs.
According to Tsvetanov, the drastic measure will finally eliminate criticism about the lengthy trial process, the low efficiency and the inadequate rules of the courts.
The current project provides for 100 judges and prosecutors from the teams probing the most serious crime groups in Bulgaria to become members of the Tribunal.
Bulgaria's most dangerous criminals, ringleaders, and corrupt individuals at high-ranking positions are to receive verdicts by a special Tribunal.
The tribunal will be established in the next 12 months as part of the Bill to create separate “Anti-mafia” courts to try the cases against organized crime and corruption, Interior Minister, Tsvetan Tsvetanov, informs.
According to Tsvetanov, the drastic measure will finally eliminate criticism about the lengthy trial process, the low efficiency and the inadequate rules of the courts.
The current project provides for 100 judges and prosecutors from the teams probing the most serious crime groups in Bulgaria to become members of the Tribunal.
Saturday, 24 April 2010
The skies re open
Well the crisis has ended, at least temporarily, but it has left alot of people stranded her in Bulgaria, as everywhere else.The resourceful minibus drivers came to a rescue, at a price, and people have been paying to be transported back to England etc by road.The only problem has been trying to get on a ferry in France !.
Tuesday, 20 April 2010
Airports Update
It has been announced that flights will recommence from Bulgaria's airports but only east and south.All flights west are suspended till maybe Thursday but the situation is officialy described as 'dynamic' and further delays could be expected.10,500 passengers are stranded at Sofia airport and the backlog gets bigger everyday.A particularly tragic case was reported on CNN regarding an American woman who has just adopted a downs syndrome child and has been told to report to the Sofia airport every morning at 4am to get on a waiting list for flights.
Sunday, 18 April 2010
Property in Bulgaria
As summer is coming here is a link to my company website for those of you interested in the Bulgarian property market !.Just click on the title.
UK Election 2010
Well May sees the UK elections.My background is in politics and the Labour Party and, moreover, in Barking where the BNP has high, or in their case low, hopes.
Barking is my home town and the fact that these monstrosities have made ground there makes me nauseaous.
The mathematics and the sheer number of candidates make any predictions futile, but I wish all friends standing for election the best of luck. Further information can be obtained on www.lbbd.gov.uk. I have a sneaking suspicion that the good guys will win the day and normal politics will return there.Anybody who wants to help the anti bnp cause can go to the hope not hate website or to barking labour party.
Barking is my home town and the fact that these monstrosities have made ground there makes me nauseaous.
The mathematics and the sheer number of candidates make any predictions futile, but I wish all friends standing for election the best of luck. Further information can be obtained on www.lbbd.gov.uk. I have a sneaking suspicion that the good guys will win the day and normal politics will return there.Anybody who wants to help the anti bnp cause can go to the hope not hate website or to barking labour party.
Airports
As with everywhere else in Europe the airports in Bulgaria are closed.Its interesting to observe the sheer power of nature.I think we are just lucky that it did not happen in the tourist season.However CNN informs me that the volcano situation could go on for a long time and the world is paralysed.
Sunday, 11 April 2010
Easy Hotel, Sofia
Time for a quick mention of the hotel I stayed in in Sofia.The Easy Hotel is located between Slivnitsa and Alexander Stombiliiski Boulevard, about 10 minutes from the main railway and bus stations.It is part of the Easyjet franchise and, in winter, a standard room starts at 10 Euros a night (if reserved in advance, otherwise it is 19 Euros).Summer rates are 29 Euros a night.There are over 50 rooms, most are the 'standard' size which means that they are sea cabin style.There is a double bed, a tv, a bathroom and a small area to hang things. The rooms are small but functional, and the hotel is only 10-15 minutes walk from the centre.Close by there is a pizzeria and a chinese restaurant.
The hotel itself has some vending machines but no bar or restaurant, most things such as access to the tv or wi-fi internet are extras.
For a european capitol city this hotel is great value.Thoroughly recommended.
The hotel itself has some vending machines but no bar or restaurant, most things such as access to the tv or wi-fi internet are extras.
For a european capitol city this hotel is great value.Thoroughly recommended.
The smoking gun....
Having told everybody that it was a model of financial probity the Bulgarian government has revealed that the outgoing Socialist government authorised contracts worth billions in its final days in office.This has pushed the percentage of debt as GDP way over the limit for application to the Euro 'waiting room'. There is now absolutely no chance of Bulgarian adopting the Euro in 2013.This is a major blow to the stability of the Bulgarian economy.
The earliest they can adopt the european currency is 2014.This what happen when losing politicians loot the Treasury.
The earliest they can adopt the european currency is 2014.This what happen when losing politicians loot the Treasury.
Summer is coming !
Lovely weather in my corner of North East Bulgaria today.Officially it is 15C but feels a lot warmer than that.I spent the morning cleaning up the garden, there is still a lot of builders rubble left over from the new roof and the pool.I borrowed a wheelbarrow (kolichka) off a friend and spent an hour and a half labouring away.All the rubble will make good hardstanding for some car parking I thinking of putting in.
Its quite amazing how much damage the very cold winter can do, I have a few snapped and fallen off tiles on the verandah and patio and the pool has turned a very interesting shade of green.Next step is to pump it out clean the walls and floor and pump a fresh lot of water in.I could not have imagined years ago in England that I would be talking about swimming pools, it's a luxury that most normal people would never envisage in my homeland.
Its quite amazing how much damage the very cold winter can do, I have a few snapped and fallen off tiles on the verandah and patio and the pool has turned a very interesting shade of green.Next step is to pump it out clean the walls and floor and pump a fresh lot of water in.I could not have imagined years ago in England that I would be talking about swimming pools, it's a luxury that most normal people would never envisage in my homeland.
Thursday, 8 April 2010
On the train to Sofia
I have not travelled on a train to Bulgaria in a few years so it was with interest that I accepted a friends idea to go on the train (Vlak) to Sofia.
We duly arrived at Varna railway station and purchased out tickets for the 10.56 train.We settled in a bar which had internet access and the station was clean and well laid out.We had decided to so first class as it was Easter Monday and I anticipated that the train would be crowded with people returning home after the holidays.The first class fare was 33 leva the second class 22 leva.The carriages were a little better in first class and next to the buffet car.
We set off on time and the journey was pleasant.The scenery was nice to behold and you could move around quite easily and there was access to toilet facilities (on the buses the toilet is usually locked if they have one).
By the time we got as far as Levski and Pleven the train was VERY crowded, people were standing in the corridor in dozens.The buffet car started to run out of things, especially beer !.
We arrived at Sofia railway station at 6.48pm, total journey time 7 hours 49 minutes.In comparison an express coach stopping only at Veliko Turnovo takes 6 hours 30 minutes.
As a footnote, during the journey we passed through the picturesque Iskar Gorge, and I noticed one village was called 'Thompson'.I remembered that I knew the story behind this very english surname.
Major William Thompson was parachuted into the Balkans in 1944 to assess the impact that Bulgarian partisans were having in the fight against the Bulgarian pro-German regime.Unfortunately the group of three OAS agents discovered they had a broken radio and lost contact with the British authorities.Thompson was a committed Marxist (he was the younger brother of the historian EP Thompson) and joined the partisans in fighting with the goverment.In one engagement he was wounded, captured and, after a show trial, he was executed..he was only 24 years old !.
We duly arrived at Varna railway station and purchased out tickets for the 10.56 train.We settled in a bar which had internet access and the station was clean and well laid out.We had decided to so first class as it was Easter Monday and I anticipated that the train would be crowded with people returning home after the holidays.The first class fare was 33 leva the second class 22 leva.The carriages were a little better in first class and next to the buffet car.
We set off on time and the journey was pleasant.The scenery was nice to behold and you could move around quite easily and there was access to toilet facilities (on the buses the toilet is usually locked if they have one).
By the time we got as far as Levski and Pleven the train was VERY crowded, people were standing in the corridor in dozens.The buffet car started to run out of things, especially beer !.
We arrived at Sofia railway station at 6.48pm, total journey time 7 hours 49 minutes.In comparison an express coach stopping only at Veliko Turnovo takes 6 hours 30 minutes.
As a footnote, during the journey we passed through the picturesque Iskar Gorge, and I noticed one village was called 'Thompson'.I remembered that I knew the story behind this very english surname.
Major William Thompson was parachuted into the Balkans in 1944 to assess the impact that Bulgarian partisans were having in the fight against the Bulgarian pro-German regime.Unfortunately the group of three OAS agents discovered they had a broken radio and lost contact with the British authorities.Thompson was a committed Marxist (he was the younger brother of the historian EP Thompson) and joined the partisans in fighting with the goverment.In one engagement he was wounded, captured and, after a show trial, he was executed..he was only 24 years old !.
Friday, 2 April 2010
Bulgarian footie hits new low !
Controversy, scandals, forfeit defeats, potential relegation to Bulgaria’s third division. The tumult surrounding CSKA Sofia seemed endless, and the latest one for the books came in the form of Romanian coach Ioan Andone parting ways with the Reds on March 30 2010, less than three months after taking the job.
The incident in Mezdra has left a bitter taste in the mouth of many Reds supporters. While it appears that the majority of CSKA faithful condemned the pitch invasion and subsequent attack on players and staff, a group of fans remained proud of their actions and insisted that they had done the club a favour.
In online forums, some supporters claim that Andone’s departure is to be welcomed and that a Bulgarian manager should take the helm. Whether it should be Stoicho Mladenov or Lyuboslav Penev returning, the fans are split, and others are yet undecided.
But it was a CSKA fan shoving Andone in the chest that angered the coach and made him feel concerned for his own safety, ultimately leading him to believe that the job was not worth it.
The incident was clearly seen on television. According to Andone, as quoted by website sportal.bg, "he punched me in the chest. He was arrested afterwards, but those are not the real CSKA supporters."
The club’s financial woes, resulting in delays in players’ wages and what has been described as the "degenerating atmosphere" could have contributed to Andone’s decision. It certainly did not hurt that Andone was being offered the job of taking over Rapid Bucharest, one of the traditional powerhouses of Romanian football, now in danger of missing European qualification for a second straight year.
The days before the announcement saw the Romanian perpetually insisting that he was not going anywhere, that he was in Bulgaria for the long-haul and that he desired to "create something with a lasting legacy".
But hours after claiming that the alleged move to Rapid was "nonsense and sheer media fabrications" and that his future was in Sofia, the club called a news conference to announce the split.
Upon arrival in Bucharest, Andone met Rapid owner George Copos and agreed to take charge of the club until the end of the season. According to reports in Romanian media, the contract has an option for a three-year extension at the end of the season if Andone succeeds in qualifying Rapid for European competitions next season.
His task will be considerable considering Rapid are on 38 points, eight behind leaders CFR Cluj with 46. Perched in seventh place, they trail four points behind the coveted fifth, which offers a spot in the Europa League qualifying rounds, now occupied by Dinamo Bucharest.
In Andone’s defence, it is rather apparent that the decision to ditch CSKA was not financially motivated, his salary in Sofia being higher than the terms offered by Rapid. Andone signed for the Reds in January 2010 for 25 000 euro a month, replacing the out-of-favour Penev, while at Rapid his salary will be 45 000 euro until the end of the season.
However, it was apparent that CSKA never really enjoyed their football once the domestic championship resumed following the winter break. The team spilled points with Pirin Blagoevgrad, drew with Beroe 0-0, and could not manage to beat Levski Sofia in the "eternal derby" despite the fact that the Blues fielded a severely-depleted side featuring six youth players in the starting line-up.
The man Andone replaced, Penev, pipped in from Spain, where he will attend a match between two of his former clubs, Valencia and Atletico Madrid, in the Uefa Europa League.
"As a Red, this is painful for me, and it hurts to see the team losing so much ground in the Bulgarian championship. CSKA is losing sight of the title. And did you see what Andone did? He just left, and I knew this would happen because I follow closely what is going on with the team," Penev told sportal.bg.
The club will now be led by Adalbert Zafirov until the end of the season, according to club president Dimitar Borissov. What will follow, only time will tell. One thing is certain, however. CSKA are staring at yet another title slowly slipping away.
The incident in Mezdra has left a bitter taste in the mouth of many Reds supporters. While it appears that the majority of CSKA faithful condemned the pitch invasion and subsequent attack on players and staff, a group of fans remained proud of their actions and insisted that they had done the club a favour.
In online forums, some supporters claim that Andone’s departure is to be welcomed and that a Bulgarian manager should take the helm. Whether it should be Stoicho Mladenov or Lyuboslav Penev returning, the fans are split, and others are yet undecided.
But it was a CSKA fan shoving Andone in the chest that angered the coach and made him feel concerned for his own safety, ultimately leading him to believe that the job was not worth it.
The incident was clearly seen on television. According to Andone, as quoted by website sportal.bg, "he punched me in the chest. He was arrested afterwards, but those are not the real CSKA supporters."
The club’s financial woes, resulting in delays in players’ wages and what has been described as the "degenerating atmosphere" could have contributed to Andone’s decision. It certainly did not hurt that Andone was being offered the job of taking over Rapid Bucharest, one of the traditional powerhouses of Romanian football, now in danger of missing European qualification for a second straight year.
The days before the announcement saw the Romanian perpetually insisting that he was not going anywhere, that he was in Bulgaria for the long-haul and that he desired to "create something with a lasting legacy".
But hours after claiming that the alleged move to Rapid was "nonsense and sheer media fabrications" and that his future was in Sofia, the club called a news conference to announce the split.
Upon arrival in Bucharest, Andone met Rapid owner George Copos and agreed to take charge of the club until the end of the season. According to reports in Romanian media, the contract has an option for a three-year extension at the end of the season if Andone succeeds in qualifying Rapid for European competitions next season.
His task will be considerable considering Rapid are on 38 points, eight behind leaders CFR Cluj with 46. Perched in seventh place, they trail four points behind the coveted fifth, which offers a spot in the Europa League qualifying rounds, now occupied by Dinamo Bucharest.
In Andone’s defence, it is rather apparent that the decision to ditch CSKA was not financially motivated, his salary in Sofia being higher than the terms offered by Rapid. Andone signed for the Reds in January 2010 for 25 000 euro a month, replacing the out-of-favour Penev, while at Rapid his salary will be 45 000 euro until the end of the season.
However, it was apparent that CSKA never really enjoyed their football once the domestic championship resumed following the winter break. The team spilled points with Pirin Blagoevgrad, drew with Beroe 0-0, and could not manage to beat Levski Sofia in the "eternal derby" despite the fact that the Blues fielded a severely-depleted side featuring six youth players in the starting line-up.
The man Andone replaced, Penev, pipped in from Spain, where he will attend a match between two of his former clubs, Valencia and Atletico Madrid, in the Uefa Europa League.
"As a Red, this is painful for me, and it hurts to see the team losing so much ground in the Bulgarian championship. CSKA is losing sight of the title. And did you see what Andone did? He just left, and I knew this would happen because I follow closely what is going on with the team," Penev told sportal.bg.
The club will now be led by Adalbert Zafirov until the end of the season, according to club president Dimitar Borissov. What will follow, only time will tell. One thing is certain, however. CSKA are staring at yet another title slowly slipping away.
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