Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Parliament sets up ad-hoc committee to investigate USD 1 bn. deal with Gemcorp

Photo: BGNES

After fierce debate, the MPs adopted, with full unanimity, the motion by GERB party for the formation of an ad-hoc committee to look into all circumstances concerning the signing and the termination of the memorandum with Gemcorp Holdings Limited and IP3 Corporation by the Kiril Petkov government, BGNES reports.

According to Kiril Petkov, then prime minister, the memorandum was expected to yield investments amounting to USD 1 bn. in green energy. According to We Continue the Change, the issue is no longer relevant, as the memorandum has been terminated and the matter is now being played up to divert attention from the real issue – that GERB is unable to form a government. However, We Continue the Change supported the establishment of an ad-hoc committee because “it has nothing to be afraid of”.

Kiril Petkov’s government declared it had terminated the memorandum on 20 July and the country will not be liable to pay any compensation. “We simply terminated it today so the matter will no longer be subject to speculation,” Kiril Petkov said at the time. A few days ago, GERB party stated they had documents according to which the agreement has not been terminated.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Demonstrations against violence against women to be held in many Bulgarian cities

A protest march under the slogan "No more", organised by Feminist Mobilisations, will be held on today's International Day for the Elimination of Violence against Women in front of the capital's Courthouse. The aim is to draw public and..

published on 11/25/24 5:35 AM

Sunshine, rising daytime temperatures expected on Monday

On Monday the weather will be mostly sunny, in the afternoon there will be scattered high clouds. Almost quiet weather is expected. Minimum temperatures will be mainly between minus 3°C and 2°C, slightly lower in the valleys of western Bulgaria, in..

published on 11/24/24 6:15 PM
Rumen Radev in Vietnam

President Radev meets with Vietnamese citizens who studied and worked in Bulgaria during his Vietnam visit

Rumen Radev's visit to Vietnam began with a meeting with the community of Vietnamese citizens who have studied and worked in Bulgaria - representatives of the Vietnam-Bulgaria Friendship Association. Hundreds of Vietnamese citizens are members of the..

published on 11/24/24 5:00 PM