A report of the European Central Bank, published on Tuesday, reads that none out of seven countries that want to join the euro area, including Bulgaria, actually meets all the criteria for joining the single currency community. The authors point out that in general the economies of Bulgaria, the Czech Republic, Croatia, Hungary, Poland, Romania and Sweden are on sound footing, but their national laws are not in accordance with the standards of the ECB. The report shows that it would take time before the euro zone, which currently includes 19 members, expands.
Bulgaria’s Anti-Corruption Commission is investigating a large-scale property fraud and money laundering scheme connected to the 'Historical Park', which is associated with Ivelin Mihaylov, the leader of the Velichie party. Those arrested include the..
The ruling party and the opposition argued about the procedure for the Budget Committee meeting before the final vote on the 2006 budget . Assen Vassilev, chairman of the We Continue the Change party, attempted to block the committee’s extraordinary..
Employees in the agriculture and forestry sector staged a protest in front of the Parliament, demanding higher salaries for workers in departments that are secondary budget administrators. The protest was organized by the National Federation of..
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