Bulgaria’s Minister of Economy Bogdan Bogdanov dismissed the executive director and the board of directors of the State Consolidation Company, which manages the enterprises in the system of the ministry. The new management is temporary and their salaries will be reduced by half, the minister announced.
The State Consolidation Company manages a capital of over BGN 1 billion (more than EUR 500 million). Six out of eleven companies are inefficient. According to an analysis of the enterprises in the ministry's system, unjustified costs exceed EUR 347.68 million. Inefficient state-owned companies will be deprived of representation costs, and a limit of EUR 2556.46 per year will be introduced for the rest. A comprehensive analysis of all companies is pending. Business programmes for the period 2024-2026 will be also prepared. State Consolidation Company is a sole joint stock company with one hundred percent state ownership of its capital.
The return of the second mandate was not unexpected, deputy chairman of the BSP Kristian Vigenin said. According to him, forming a government within the framework of the 50th parliament is increasingly difficult to achieve...
President Rumen Radev handed over the second exploratory mandate to form a government to the second largest parliamentary group in the 50th National Assembly - "We Continue the Change" - "Democratic Bulgaria" coalition (PP-DB). At the handing..
A contract between the US Trade and Development Agency and the Electric Power System Operator for the feasibility study for the East-West Energy Corridor was signed at the Council of Ministers. The funding, amounting to USD 1.2 million, is..
A total of 60 officers from the Bezmer and Kabile units are on the ground with equipment for firefighting, Bulgaria's Defence Minister Atanas Zapryanov..
A state of emergency remains in force in seven villages in the border municipality of Bolyarovo. The fight against the fire at the village of Voden..
A fire has started in Greece a kilometre and a half from the Bulgarian border and is slowly moving towards it. The fire is located in an extremely..
Partly cloudy, chance of rain
sunshine, cloud, rain and thunder
Mostly Cloudy