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.
After the Nativity of the Virgin Mary, the Bulgarian Orthodox church honours her parents – the saints Anne and Joachim. For the village of Smolichano in the region of Razgrad, this day is the patron saints’ day of the Saints Anne and Joachim church...
It is 80 years, on 9 September, since the communist coup d'état which put an end to the Kingdom of Bulgaria. Talking about the communist past is more and more imperative if we want to protect our children Book on Belene Concentration Camp..
Over a hundred participants in the voluntary teams of the Bulgarian Red Cross for disaster and crisis action, as well as representatives of the International Federation of the Red Cross and the Red Crescent, will take part from today until September 13..
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Acting chairman of the Bulgarian Socialist Party (BSP) Atanas Zafirov has withdrawn the papers submitted yesterday for the BSP’s independent..
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