Blatant errors of government, breach of the rules and putting out fires in most ministries since day one – that is how Prime Minister Nikolay Denkov described what his cabinet inherited from the caretaker government, at a briefing given by the prime minister and several cabinet ministers.
Billions of Leva are at risk, or have been lost, he said; last year a regular draft budget was not presented as required by law, and the one put forward eventually included an excessive budget deficit of 6.4%; because of delayed reforms and investments that have not been made under the Recovery and Resilience Plan Bulgaria risks not receiving some of the funding in 2023.
Nikolay Denkov gave a number of examples – one of them concerns the contract with the Turkish state-run company Botas for the purchase, sale and supply of natural gas, which puts the Bulgarian side at a disadvantage.
The prime minister explained that the Turkish company is given access to the Bulgarian and the European market, whereas we do not have access to the Turkish market. What is more, the 13-year contract means we owe hundreds of millions of Leva a year, even if we do not import the gas quantities set down.
“The energy minister has assumed the commitment of trying to negotiate the best conditions possible for Bulgaria, with all due respect to the Turkish side, but he has been placed in an extremely difficult and disadvantageous position,” PM Denkov said.
A contract for the purchase of 35 electric multiple units (EMUs) has been signed at the Council of Ministers. This is the largest order placed by the Bulgarian state in the last 20 years and the largest investment in rolling stock, announced Transport..
If we delay and do not reorganize and modernize our arms industry, in 5-6 years it will be exotic for the European arms market. This is a major challenge", said Bulgaria’s Minister of Defense Atanas Zapryanov during the discussion “The Hague 2025:..
In 2024, Bulgaria spent USD 2.208 billion (3.964 billion BGN), or 2.04% of its GDP, on defense, reads the annual report of NATO Secretary General Mark Rutte. For the first time, the country has met the NATO target set in 2014, which requires each..
A peaceful civic protest under the motto “Protecting our children – car procession and blocking traffic on Danube Bridge” will take place on Saturday...
Vice President Iliana Iotova is paying a visit to Grasse, France at the invitation of the town mayor Mayor Jerome Viaud and the local cultural..
Young Catholics from all over the country met at the Saint Francis of Assisi church in the village of Belozem, Rakovski municipality, to join, online,..
+359 2 9336 661