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.
After a long journey from the capital Sanaa to the port city of Hodeidah, I managed to meet with the two Bulgarians in Yemen, said MEP Elena Yoncheva. They met outside the hijacked ship Galaxy Leader, in a location chosen by the Houthis for security..
Chefs from Bulgaria, Ireland, France, Italy, Romania, Colombia, Mexico, Peru, Puerto Rico, United Arab Emirates, China and Japan are among the finalists of the prestigious World Paella Day CUP competition in Valencia, Spain...
On Friday it will be cloudy, as in the afternoon cloudiness will be significant. There will be precipitation in some places, as in the south-western massifs and in the south-eastern areas of the country it will be intense. The..
In response to media reports that a company registered in Bulgaria supplied pagers to the Lebanese organization Hezbollah, which were subsequently..
GERB leader Boyko Borissov has called for the resignation of North Macedonian Deputy Prime Minister Aleksandar Nikoloski because of his..
Most of the country will be cloudy on Thursday . Showers will occur in the afternoon in the south-west and in isolated places in the north-east. Minimum..
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