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.
The claims of Bulgarian citizens investigated for espionage in the UK about their links to the "highest echelons" of power in Bulgaria, are not based on any factual evidence and are as absurd as the manipulative abuse of them, reads a statement by the..
''Vazrazhdane'' is submitting a draft resolution on the coutry's withdrawal from the agreement with the World Health Organization (WHO), the party said. ''Vazrazhdane'' demands that the cabinet terminates the Basic Agreement between the Government of..
The war in Ukraine has no military solution and diplomacy should prevail, said President Rumen Radev, who hosted the traditional annual reception for the heads of diplomatic missions accredited in Bulgaria. At the event, held at the National History..
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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