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.
The government will gradually evacuate Bulgarians from Lebanon. Preparation for the air evacuation of Bulgarian citizens wishing to leave Lebanon is underway. The decision was taken at a meeting convened by caretaker Premier Dimitar Glavchev with the..
Travelling to Israel and staying in the country should be avoided, except in case of emergency, the Bulgarian Ministry of Foreign Affairs said. All citizens arriving in or departing from Israel via Ben Gurion Airport are advised to approach..
There is no need for a mediator in relations between Bulgaria and North Macedonia, MEP Andrey Kovatchev told BNR on the occasion of Hungarian Prime Minister Viktor Orbán's proposal to mediate between Sofia and Skopje. Regarding the decoupling..
On Sunday a cold atmospheric front will pass through the country. In the morning, the cloudiness will begin to increase rapidly from..
During a short meeting on the sidelines of the UN General Assembly in New York, Bulgarian caretaker Minister of Foreign Affairs Ivan..
The caretaker government has adopted National Program for Prevention and Protection from Domestic Violence for the period 2024-2026 ,..
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