Deputy Prime Minister and Minister of Economy Kornelyia Ninova met with employers to discuss the impact on the Bulgarian economy of the sanctions imposed on Russia, possible counter-sanctions and the consequences they will have for Bulgaria, the press service of the Ministry of Economy has announced.
The representatives of Bulgarian businesses expressed their concern that the war is impeding raw material supplies in the region. If gas supplies are disrupted, that will push the price of Bulgarian commodities up, making them uncompetitive. There also exists a risk of transport and logistical problems and breaches of contract for reasons of force majeure. The employers also insisted on an extension of energy compensations to April-June, as well as on support for resolving the problem of the transport vehicles blocked at Ukraine’s borders.
The employers stated that they are ready to employ Ukrainian citizens. They say they want to see corridors provided for the import of metals and other raw materials from Russia and Ukraine, as well as export of their production. On her part, Minister Ninova informed the employer organizations of the measures the government is taking in preparation of the state reserves, for receiving Ukrainian citizens and for providing logistical support to Bulgarian companies. The commercial representative in Bucharest has been seconded to the border with Ukraine to render assistance to the Bulgarian and the Ukrainian citizens.
Minister Ninova expressed support, in response to the demand by businesses for the direct aid to Bulgarian companies to be higher than the financial instruments under the recovery and resilience plan. Minister Ninova stressed that “the Bulgarian economy needs direct support, not more credits.” In her words, the European Commission has left the Bulgarian government to decide what the ratio should be, and it must be in favour of Bulgarian entrepreneurs and industry.
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..
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,..
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..
Acting chairman of the Bulgarian Socialist Party (BSP) Atanas Zafirov has withdrawn the papers submitted yesterday for the BSP’s independent..
Cases of pertussis (whooping cough) are now few, while the number of scarlet fever and chickenpox cases has been reduced to a..
+359 2 9336 661