Corruption in Bulgaria has distorted the way institutions function and the way they are controlled, and this is to the detriment of the Bulgarian people, US Ambassador to Bulgaria Herro Mustafa said, addressing the Rule of Law and the Business Environment in Bulgaria conference, organized by the American Chamber of Commerce in Bulgaria. As an illustration of this problem she described stories of lawyers with suitcases, behind-the-scenes dealings, very powerful persons who use Bulgarian government institutions to intimidate others, and a very small group of people who have created a system of enrichment of the oligarchic class. Ambassador Mustafa also spoke of the three Bulgarians who have been sanctioned under the Magnitsky Act. The US has denied visas to six Bulgarians suspected of corruption, but none of them has been sentenced for an offence in Bulgaria. Many of them have not even received disciplinary penalties and have not been relieved of office, Ambassador Mustafa said.
“We Continue the Change” (PP) highlighted corruption as one of the main shortcomings of the hundred days of government of GERB, “BSP – United Left” and ITN. PP has not cancelled plans of filing a vote of no confidence after Bulgaria..
Bulgaria faces deep structural challenges. The economy is characterized by low added value and regional challenges, chairman of the Bulgarian Industrial Association (BIA), Dobri Mitrev, said. He presented the BIA index for “Economic..
The son of the US President - Donald Trump Jr. and Gila Gamliel, Minister of Science and Technology of Israel, will participate in a business forum in Sofia on April 27, organized by the global digital asset platform Nexo , the company announced...
A strong earthquake with a magnitude of 6.2 shook Istanbul at 12.49 local time and was felt to varying degrees across Bulgaria, BTA reported, citing the..
The full accession of Bulgaria and Romania to the Schengen area is strengthening the European Union's economy significantly. This is stated in a report..
Sofia has met the last criterion for entering the eurozone. After meeting the inflation criterion, the data on the budget deficit for..
+359 2 9336 661