Following a decision of Bulgaria’s National Assembly, the state will be able to take control over the oil refinery in Burgas if necessary. The Minister of Economy, at the proposal of an advisory council, may temporarily appoint a special commercial manager. He will take over the management if EU provisions are infringed, there is a threat to national security, there is a risk to the supply of critical resources, or when distortion of competition occurs.
Vazrazhdane was the only party that voted against. It called the National Assembly’s decision “an anti-market nationalisation”. "There is no nationalisation, because no property is being taken away", MP Martin Dimitrov from “Democratic Bulgaria” coalition said in return.
In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in..
Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..
The first joint operation of the newly formed Mine Counter Measures Task Group Black Sea involving Bulgaria, Turkey and Romania is to take place July 2-16, the Bulgarian news agency BTA reports. The last time such an operation was carried..
Metropolitan Daniil of Vidin has been elected as the new Bulgarian Patriarch. He received 69 votes. Metropolitan Gregory of Vratsa received 66 votes...
The enthronement of the newly elected Bulgarian Patriarch, Metropolitan Daniil of Vidin, is over. The new spiritual leader was welcomed in St...
It will be sunny on Monday. There will be light southeasterly wind in the eastern parts of the country. The hot weather continues with maximum..
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