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.
From today until September 15, Sofia's Vitosha boulevard and the park in front of the National Palace of Culture are transformed into a huge open-air bookstore. The next edition of "Book Alley", organized by the "Bulgarian Book" Association,..
Monday will be mostly sunny. Cloudiness from the west will increase in the afternoon, rain will begin in the evening in the western regions. The maximum temperatures will be between 27° and 32°C, in Sofia – about 28°C. It will be mostly sunny..
The members of the Supreme Judicial Council have neither the legal nor the moral right to choose the next chief prosecutor, given that their mandates have long since expired, former caretaker interior minister Ivan Demerdzhiev told BNR. On..
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Acting chairman of the Bulgarian Socialist Party (BSP) Atanas Zafirov has withdrawn the papers submitted yesterday for the BSP’s independent..
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