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.
"Bulgaria is everywhere where Bulgarian is spoken, where there are Bulgarian associations and Bulgarian schools that preserve and develop the Bulgarian language and culture'', Vice President Iliana Iotova told the Bulgarian community in Barcelona...
"I expect the Central Election Commission to ensure strict compliance with the provisions of the Electoral Code", President Rumen Radev told journalists in Radnevo, where he attended a ceremony on the 60th anniversary of the declaration of..
''Ursula von der Leyen is expected to choose a woman as a candidate from Bulgaria for European Commissioner, primarily due to the severely disrupted gender balance in the European Commission.” This prediction was made by MEP Radan Kanev from the Group..
From today until September 15, Sofia's Vitosha boulevard and the park in front of the National Palace of Culture are transformed into a huge open-air..
Over a hundred participants in the voluntary teams of the Bulgarian Red Cross for disaster and crisis action, as well as representatives of the..
The two wings of the Movement for Rights and Freedoms party, which intend to participate in the early parliamentary elections on October 27 in coalitions,..
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