The European Commission has presented its specific recommendations for the economic policies of member states, including Bulgaria, within European Semester 2017. It is expected that Sofia will respect the Stability and Growth Pact both in 2017 and in 2018, which sends a positive signal to investors.
In order to achieve sustainable economic growth and to improve the standard of living of Bulgarian citizens, Bulgaria is urged to accelerate its structural reform program. The EC takes note of the progress made in strengthening the banking system, but believes that more work is needed to overcome the remaining weaknesses in the financial sector, such as the high level of bad loans.
According to the EC, improving tax collection and compliance with tax legislation, as well as reducing the size of grey economy are measures that can increase the attractiveness of the Bulgarian economy and its credibility.
Bulgaria will not yet request an extraordinary convergence report - a key step towards joining the eurozone. This was announced by Finance Minister Temenuzhka Petkova from the rostrum in Parliament. She said that during her meetings with the EU..
On the eve of February 1 - the day on which Bulgaria pays homage to the victims of the communist regime - the We Continue the Change-Democratic Bulgaria (PP-DB) party announced that it was tabling a bill for the removal of all monuments that symbolise..
The Bulgarian Orthodox Church (BOC) is the only representative of the country's traditional Eastern Orthodoxy. This was decided by MPs in the final amendments to the Law on Religious Denominations. The amendment, which states that only the BOC can use the..
Bulgaria received the first F-16 Block 70 aircraft at the Lockheed Martin production facility in Greenville, USA. With this act the country’s strategic..
Cabinet members, public figures and members of the public honoured the memory of the innocent victims of the communist regime in the country following..
Bulgaria’s consul to Sweden Stefan Stoykov has met with the eight Bulgarian sailors, members of the crew of the ship Vezhen suspected of sabotaging a..
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