“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle on the way to attaining them,” Stanislav Popdonchev, Vice President of the Bulgarian Industrial Association said for the BNR.
“For the moment we do not have a specific date for land Schengen. As regards the Eurozone we stand a good chance of fulfilling the criteria. If we are aiming at a date for the Eurozone in 2025 that means we should not implement any abrupt changes, especially changes that would affect inflation. We have not been able to follow the budget procedure in the past 4 years, not even once. There are indications it is going to be the same again this year. That is quite dangerous to businesses, and it is demonstrating to our European partners that there is no solution to the political crisis in Bulgaria in the offing,” Stanislav Popdonchev said.
There will be pilot testing of ground-based silver iodide generators for hail protection in two zones where the use of rockets is not allowed, the Deputy Minister of Agriculture Ivan Kapitanov said. At a meeting with Claude Berthet,..
The German economy has been shrinking and the government expects a decline of 0.2% of GDP. Some of the main reasons for this include unresolved structural problems related to lack of energy security, excessive bureaucracy and shortage..
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by..
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