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.
Bulgarian head of state Rumen Radev has met in the presidency with David Wright - commissioner of the US Nuclear Regulation Commission, who is on a visit to Bulgaria, the press office of the presidency announced. During the conversation, aspects..
The National Assembly has ratified an international contract for the acquisition of ammunition for Stryker machines, reports BTA. The contract from the US government, worth a total of $64,880,655 excluding VAT, was approved by 125 votes to 51 against...
More than 150 firefighters continue the battle with the fire in the western part of the Slavyanka mountain. Several outbreaks were activated on Greek territory and managed to enter a juniper-laden forest on Bulgarian territory. Wide..
The caretaker government has allowed the Bulgarian military to train Ukrainian soldiers on the territory of NATO member states. The reasoning states that..
There is a high probability that this would be the last regular meeting of the Council of Ministers, caretaker Prime Minister Dimitar..
Consumer confidence rose by 5.6 points in July, according to a survey by the National Institute of Statistics. According to consumers, the general..
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