Bulgaria is experiencing imbalances. Vulnerabilities in the financial sector are coupled with high indebtedness and non-performing loans in the corporate sector. Meanwhile, the Bulgarian economy continues to grow- this country’s gross domestic product is expected to see a 3.6% increase in 2019 and 2020. The GDP debt ratio is expected to be around 26% which is one of the lowest in the European Union. The next external position has improved on the back of robust growth and large current account surpluses. While there is progress in addressing sources of imbalances, the full implementation and monitoring of recent reforms to supervision and governance in the bank and non-financial sectors will be crucial. More action is also needed to reduce the stock of non-performing loans and to complete the reform of the insolvency framework, the EC First Vice President Valdis Dombrovskis, responsible for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union said in his report on the Member States’ progress on economic and social priorities.
Bulgaria may lose 63 million euros of European funds allocated for the purchase of technical equipment for border control, necessary for the country’s full membership in the Schengen area . This is what MP from PP-DB Martin Dimitrov warned about...
Bulgarian President Rumen Radev returned to the Parliament for further discussion of the amendments of 11 September to the Civil Procedure Code, made through the transitional and final provisions of the Law on the Bar. The President's veto is on the..
A large amount of the extremely expensive metal americium was found during an operation by the District Prosecutor's Office in Plovdiv , the Ministry of Interior and the State Agency "National Security". According to BNT sources, the metal was found and..
In response to media reports that a company registered in Bulgaria supplied pagers to the Lebanese organization Hezbollah, which were subsequently..
Bulgaria’s support for Ukraine in the context of the ongoing Russian aggression was the focus of a meeting between caretaker Minister of Foreign..
GERB leader Boyko Borissov has called for the resignation of North Macedonian Deputy Prime Minister Aleksandar Nikoloski because of his..
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