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.
Humanitarian aid provided by Bulgaria to the civilian population of Gaza was loaded in trucks that departed for the region on June 29, the Bulgarian Embassy in Jordan announced on Facebook. The shipment includes food, medicine, tents..
President Rumen Radev has held a working meeting with Greek Prime Minister Kyriakos Mitsotakis. In Athens, they discussed the urgent activation of work on strategic bilateral projects. At a briefing, Radev said that the liquefied..
The Atlantic Council of Bulgaria has called on all "Euro-Atlantic-oriented MPs" to support the proposed GERB-SDS cabinet. If PP - DB do not wish to vote for the proposed cabinet, they can make its formation possible by not..
"It is evident that the political crisis continues and its solution requires not only putting aside personal and party interests but also requires..
The Balkans are attracting more and more medical tourists, with Turkiye being the undisputed leader, ranking among the top 10 most preferred countries..
After a heated debate, Parliament rejected the proposed GERB-SDS cabinet with Rosen Zhelyazkov as Prime Minister. It was supported by 98 MPs, with 138..
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