The Bulgarian government approved a new draft law on the Bulgarian National Bank (BNB). It aims at securing the legal integration of BNB into the Eurosystem upon the introduction of the euro in the country. A legal framework consistent with the Statute of the European System of Central Banks and of the European Central Bank is established.
The draft law settles the status of the euro as a currency and determines the design of the national side of euro coins, the issue, withdrawal, exchange and reproduction of euro banknotes and coins. It also aims to broaden investment opportunities by adding instruments that provide an opportunity for higher yields at slightly higher credit risk.
“Five people from the parliamentary group are going to be “torn apart” during the voting for a cabinet but will, most probably, not give their support,” Ivelin Mihaylov, one of the founders of Velichie party said for the BNR. GERB-SDS..
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..
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from..
Bulgaria’s President Rumen Radev handed the first cabinet-forming mandate to Rossen Zhelyazkov who is the prime minister-designate of the largest..
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there..
Partly cloudy, chance of rain
Mostly Cloudy
sunshine, cloud, rain and thunder