Bulgaria is experiencing imbalances. Vulnerabilities in the financial sector are coupled with high indebtedness and non-performing loans in the corporate sector. Meanwhile, the Bulgarian economy continues to grow- this country’s gross domestic product is expected to see a 3.6% increase in 2019 and 2020. The GDP debt ratio is expected to be around 26% which is one of the lowest in the European Union. The next external position has improved on the back of robust growth and large current account surpluses. While there is progress in addressing sources of imbalances, the full implementation and monitoring of recent reforms to supervision and governance in the bank and non-financial sectors will be crucial. More action is also needed to reduce the stock of non-performing loans and to complete the reform of the insolvency framework, the EC First Vice President Valdis Dombrovskis, responsible for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union said in his report on the Member States’ progress on economic and social priorities.
CITUB President Plamen Dimitrov announced readiness for protests in at least four or five areas of the public sector with demands for higher wages, BNR has reported. According to the trade union’s analysis, the average salary..
The construction of the Vertical Gas Corridor is a symbol of European partnership, technology transfer and the creation of cooperatives in the construction of such networks, said Energy Minister Zhecho Stankov during the inspection..
We need to unite within the framework of the law to prevent price speculation after the adoption of the euro, the chairman of the Commission for Protection of Competition (CPC) Rosen Karadimov said at a press conference. "There..
Protests in defence of the Bulgarian lev and against the adoption of the euro currency are scheduled to take place on May 31 in many cities and towns..
Thousands of citizens have gathered in the center of Sofia to protest against the introduction of the euro . The demonstration is supported by political..
Raising fines for traffic offences and an enhanced police presence – these are the measures announced by Interior Minister Daniel Mitov after the..
+359 2 9336 661