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.
On Saturday, lows will be between 12 and 17°C, 12°C in Sofia. Before noon it will be cloudy in eastern Bulgaria, with showers in places, but by the end of the day the precipitation will stop. The rest of the country will be free of rain, with clouds..
The certification of the voting machines for the early parliamentary elections in Bulgaria on October 27 has been completed. The final step involved the trusted build of the software for the voting machines and the generation of a hash code. This..
27-year-old Tsvetan Ivanov-Choni, winner of the European Street Food Awards Bulgaria competition, won the "Best Sandwich" award at the European Street Food Awards Finale in Saarbrücken, Germany, in competition with participants from 17..
Bulgarian singer, musician and composer Kiril Marichkov has passed away. The rock musician has died in an accident in the village of Selanovtsi,..
The tragic death of rock legend Kiril Marichkov, who died in an accident just before a concert in Selanovtsi village near Vratsa, evoked the emotional..
A motorcycle procession in support of organ donation and transplantation passed through the streets of Sofia. Under the motto “Yes to life!”, the..
+359 2 9336 661