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.
Nearly 50 pre-trial proceedings have been initiated for crimes against the political rights of citizens, caretaker Minister of Interior Atanas Ilkov told journalists. Nearly 140 alerts have been received. More than 100 inspections have been..
Today's meeting of the National Council for Tripartite Cooperation, which discussed a draft government decree to raise the minimum wage from the current 477 euros to 550 euros as of 1 January 2025, ended without consensus. Trade unions supported..
Defence Minister Atanas Zapryanov and Japanese Ambassador to Bulgaria Hisashi Michigami discussed bilateral defence cooperation and partnership in the context of NATO. The discussion focused on support for Ukraine and the contribution of Bulgaria..
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..
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