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.
There Is such a People (ITN) has collected 67 signatures and are submitting a complaint to the Constitutional Court for the partial annulment of the election for parliament on 27 October 2024. At a press conference in the National Assembly..
The protest in front of the National theatre was pre-announced and more than 60 law enforcement officers were dispatched to secure the theatre building, caretaker Interior Minister Atanas Ilkov said in an interview with public service TV BNT. After..
The Bulgarian Orthodox church marks the day of St. Archangel Michael today, one of the most popular immovable Christian feasts. In Bulgaria it is also known as Arhangelovden . In popular belief, Archangel Michael – the angel closest to God –..
A second night of protests took place outside the Ivan Vazov National Theatre in Sofia, but this time there were no physical confrontations. The protest..
It is obvious that there is something wrong with the way the elections were held , Vice President Iliana Iotova told BNT. A few days ago, she described..
The Ministry of the Interior is working on a detailed report on the early parliamentary elections held on 27 October this year. It will include the..
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