The World Bank appreciates the progress of the Bulgarian National Bank, the representative of that international institution in Bulgaria Tony Thompson told the Bulgarian National Radio. In the past two years the Bulgarian authorities undertook serious measures aimed at finding the problems in the country’s financial sector. The World Bank does not expect that the changes would happen in one day only, because we are talking about a whole range of reforms. The financing provided by the World Bank to the Deposit Insurance Fund can be viewed as a confidence vote towards Bulgaria’s financial sector and the cabinet, Tony Thompson further pointed out. The World Bank decided to extend two loans to Bulgaria. The first loan will be directed to the Deposit Insurance Fund and the other one will finance the Energy Efficiency Programme. The loan provided to the Deposit Insurance Fund will be covered with a state guarantee to the tune of EUR 300 million. On Friday the National Assembly voted in favor of that move. However, Bulgaria continues to experience difficulties in the healthcare system, the regulatory framework and the judicial field, Tony Thompson pointed out. Bulgaria should make efforts to boost the qualification of its citizens. Thus, labor productivity would grow and the number of people benefitting from the public welfare will be higher. The World Bank believes that Bulgaria’s economy can grow with higher rates, if that country makes improvements in the judicial sphere, the administrative environment and the work of some key regulatory bodies in the power engineering and financial field. Bulgaria should also optimize the expenses in its healthcare system, Mr Tony Thompson further said.
The Bulgarian MPs have adopted regulations for the organization and activities of the National Assembly, BTA reported. The majority rejected the proposals of "Vazrazhdane" and ITN to have the MPs tested for drugs. ITN's proposal provided for the..
The regional governor of Plovdiv, Prof. Hristina Yancheva, announced a partial state of emergency in Hisarya and Kaloyanovo, BTA has reported. The measure was introduced because of the fires in the area of the villages of Pesnopoi and Mihiltsi near..
The European Commission has approved state aid amounting to EUR 142 million (BGN 278 million) to support the energy sector, BNR’s correspondent in Brussels reports. The money is being granted to alleviate part of the expenses of the companies which..
The largest archaeological campaign ever conducted on Perperikon has begun, BTA reports. Prof. Nikolay Ovcharov, head of the research at..
After 17 MPs from the Movement for Rights and Freedoms, MRF, were expelled, among them the party’s other co-chair Dzevdet Chakarov, MRF MP Ahmed..
Greece’s Minister of Defence Nikos Dendias announced that Greece, Bulgaria and Romania are to establish a military mobility corridor in NATO’s Eastern..
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