Bulgaria to open talks soon for accession to Banking Union, ERM-2

Bulgarian official representatives are on a visit to the European Central Bank and the European Commission for a detailed discussion of the procedures and time schedule for Bulgaria’s accession to the Banking Union and ERM-2. On Tuesday,..

published on 6/16/18 10:35 AM

EU cohesion budget down, subsidies for Bulgaria - up

The European Commission presented its version of the EU budget for 2021-2027. Once the UK leaves the EU, there will be less European funding and there will be cutbacks everywhere, the biggest cuts being in the structural funds and in..

published on 6/5/18 12:25 PM
Minister for Bulgaria’s Council of EU Presidency Lilyana Pavlova (L), Finance Minister Vladislav Goranov (R) and Chairman of Bulgaria’s Association of Industrial Capital Vassil Velev (C) during the conference.

Social policies and anti-discrimination measures are among priorities of EC cohesion policy after 2020

The International Conference of the European Center of Employers and Enterprises providing Pubic Services and Services of general interest was held in Sofia on June 1. The event was part of the programme of the Bulgarian Presidency of the..

published on 6/4/18 2:27 PM

Eurozone horizons for Bulgaria seem further away

The convergence reports of the European Commission and the European Central Bank have been published these days. New Member States wishing to enter the euro area consider these reports very important. In Bulgaria, which, according to the..

published on 5/30/18 4:18 PM
 Rose producers from Kazanlak blocks for a while the highway to Stara Zagora and poured out sacs of rose petals on the round in sign of protest against lo purchase prices

The rose scent of money

One of the first things foreigners learn about Bulgaria is that this country is popular as the land of roses and rose oil. Moreover, a whole valley in South Bulgaria was named the Rose Valley. However, apart for being used for tourism..

published on 5/23/18 12:17 PM

Tax Freedom Day in Bulgaria falls on May 13

In 2018 the Tax Freedom Day in Bulgaria fell on May 13. This is the day of the year in which people have earned enough money to pay this year’s total tax obligations. The Institute for Market Economics has estimated that the Bulgarians have worked for..

published on 5/14/18 12:36 PM

Financial crisis makes ECB more cautious on Eurozone’s expansion

Bulgaria has met all the criteria to enter the ‘waiting room’ of the Eurozone, but we shouldn’t have unrealistic expectations, said Chair of the Association of Banks in Bulgaria Petar Andronov for the BNR. He added that the Bulgarian banking system..

published on 5/13/18 10:20 AM

Financial drop after boom across Bulgarian weapon factories

Printed media have issued publications these days, saying that the reports of the state-owned military plants in Bulgaria have registered a drop in their sale numbers over the first trimester of 2018. This information makes strong impression,..

published on 5/11/18 1:18 PM
Mitko Vassilev, Managing Director of the German-Bulgarian Chamber of Industry and Commerce

German businesses not happy with shortage of qualified staff in Bulgaria

As every year since 2005, the German-Bulgarian Chamber of Industry and Commerce, AHK Bulgarien, conducted a survey among its members regarding the business environment in Bulgaria. The survey is conducted in 15 countries of Central and Eastern..

published on 5/8/18 12:50 PM

President Rumen Radev: Austrian investments help promote a new business environment in Bulgaria

More than 90 percent of the Austrian companies which have invested in this country intend to keep or expand their investments in Bulgaria, Tsvetan Simeonov, President of the Bulgarian Chamber of Commerce and Industry declared at the..

published on 5/4/18 12:10 PM