The European Commission has again pointed to major imbalances in Bulgaria’s economy. This country remains among the 12 EU member states who are subject to special monitoring. The EC report says that the banking sector has stabilized but that the legacy of poor supervision has not been overcome yet. Further actions are needed to deal with the weaknesses of the financial sector revealed in stress tests of banks. The percentage of bad credits is a double digit figure unlike the European average. From among state-run enterprises the most indebted ones are in energy. One example given is the N-plant at Belene for which Bulgaria has paid indemnities to Russia worth more than 601 million euro or 1.3% of the country’s GDP. The labor market has improved but employment levels remain low and long-term unemployment is high, European Commission experts have found.
MEP Ilhan Kyuchyuk, who sided with the honorary chairman of MRF Ahmed Dogan, questioned the party membership of Delyan Peevski, the leader of the other wing. "We all knew that Mr. Peevski over the years was the civilian quota of the MRF...
The world-famous Italian singer Andrea Bocelli will celebrate his 30-year career with the Bulgarian audience at the Vasil Levski National Stadium . On September 14 , he will perform a spectacular concert under the stars, as Sofia is included in his..
Despite the commitment of the state, emergency doctors in Bulgaria still do not have real-time access to information about free beds in hospitals and are forced to go around hospitals until they find a medical facility for their patient, warns Dr...
For the fourth year, one of the most beautiful places to fly in the world - the Belogradchik rocks, will host the Balloon Fiesta. Pilots from..
Cases of pertussis (whooping cough) are now few, while the number of scarlet fever and chickenpox cases has been reduced to a..
Acting chairman of the Bulgarian Socialist Party (BSP) Atanas Zafirov has withdrawn the papers submitted yesterday for the BSP’s independent..
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