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author: Vladimir Subev

Bulgarian army’s modernization: verbally approved, practically postponed

The Consultative Council on National Security had a sitting on Monday, initiated by President and Supreme Commander Rossen Plevneliev. All parliamentary presented parties and the main ministers from the cabinet are its members. The latest session..

28.04.15 12:04 |

Incomes freeze, prices up despite deflation

In latest figures from the National Statistical Institute about incomes and expenses of households in 2014, Bulgarians grew neither richer, nor poorer. In practice their 2014 incomes remained unchanged at the humble - and in the words of some..

22.04.15 12:50 |

Growth forecasts revised – economy accelerates

The first signs of recovery of the Bulgarian economy were noticed in the first quarter of the year, when the Ministry of Finance announced a rise of over 400 million euros in public revenues compared to the same period last year. Shortly after..

17.04.15 13:36 |
AES Maritsa Iztok 1 TEP

NEC gets rebate from US electric power stations but must pay them EUR 365 million

After two years of tortuous negotiations, at long last on Wednesday an agreement was signed between the National Electricity Company (NEC) and the two American owners of thermoelectric power plants in the country - AES and ContourGlobal – on..

09.04.15 13:02 |

Deposit Insurance Fund accumulates reserves, still owes money to the state

The bank deposits of the Bulgarian households exceeded EUR 20 billion. Meanwhile, only deposits of up to EUR 100,000 are guaranteed by the law. The result was clearly seen during last year’s crisis with the fourth biggest bank in Bulgaria - the..

03.04.15 11:05 |

Will USA replace Russia on Bulgaria’s nuclear market?

There is only one nuclear power plant in Bulgaria with two Russian nuclear units, which produces over 40% of the country’s electricity. There are also two American high-capacity thermal power plants which produce a lot of electricity...

02.04.15 11:26 |

Is Tsvetan Vassilev’s empire falling apart or simply mutating?

There is every indication that something is up with the empire of notorious businessman Tsvetan Vassilev, now a fugitive outside Bulgaria - that it is either falling apart or is mutating. Until last year the oligarch, as many call him, who gained..

25.03.15 15:47 |

Expensive dollar, cheap lev, opportunities missed

The Bulgarian lev has a fixed exchange rate to the euro – that means that when the European currency is going down, so is the Bulgarian lev and vice versa. Unfortunately (or fortunately for some) the euro has been plummeting against the most..

23.03.15 12:43 |

600 mil trabajadores pobres en Bulgaria y el salario mínimo más bajo en la UE

El 15 de marzo hemos celebrado el Día Mundial de los Derechos del Consumidor. Esta fecha es un motivo para reflexionar profundamente sobre el tema y, sobre todo, sobre su relación con la solvencia de los búlgaros, drásticamente baja, según los..

17.03.15 13:34 |

Bulgaria at the bottom of EU fund absorption chart

During the European Debates Initiative, organized in relation to the upcoming10th anniversary of the signing of the Agreement for joining the EU by Bulgaria, it was reported that this country was not adequately using the opportunities provided by..

09.03.15 13:49 |