Chairperson of the Budget and Finance Parliamentary Committee Menda Stoyanova said Bulgaria may find itself in a situation where it will have to declare a moratorium on the debt payments which is a very bad scenario. Stoyanova made this announcement with regard to the ratification of three documents linked with bonds issuance to the tune of EUR 8 billion. She explained that the country may reach a state of moratorium, if the Parliament fails to vote the necessary bank agreement. In her words, Bulgaria can not appear on the foreign markets without such agreement, which poses a serious risk over the country’s debt payments. In 2015 Bulgaria can take EUR 3.5 billion out of all EUR 8 billion, Menda Stoyanova specified, adding that the banks under this agreement are in fact dealers which are to organize the issuing and look for the suitable investors who can offer the most favorable conditions to Bulgaria.
State-owed natural gas supplier Bulgargaz has hired a legal councillor to defend the interests of the Bulgarian gas company in connection with the contract for natural gas storage and supply with the Turkish-owned company BOTAŞ. Bulgargaz..
It is our intention that even with the 2025 budget, defense spending will reach a higher level than 2.5% of the Gross Domestic Product, said the Deputy Minister of Defense Radostin Iliev during the commemoration of the Day of the Military Parachutist in..
Friday will be sunny. There will be light to moderate easterly winds, except in eastern Bulgaria, where gusts will come from the north. Minimum temperatures will be between 2°C and 3°C, along the Black Sea up to 6°C-8°C, in Sofia - around 0°C. Maximum..
Right before the two military pilots training for an air show crashed their plane in the critical seven seconds of the flight there was no communication..
A fire broke out in the Varna office of a party which was represented in the last National Assembly and which is contesting the forthcoming elections on 27..
According to a survey by Gallup International Balkan, one tenth of respondents admit that they would accept to vote in exchange for money, other..
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