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 caretaker Minister of Defense Atanas Zapryanov and his German counterpart Boris Pistorius signed a programme agreement for the joint purchase of IRIS-T air defense missile systems. The agreement was signed during a meeting of the Ukraine..
The celebration of the 139th anniversary of the Unification of the Principality of Bulgaria and Eastern Rumelia ended with a fireworks ceremony in Plovdiv. "Today, we pay tribute to a remarkable generation of enlightening historical..
Friends and music fans will once again honor the memory of the renowned pop and rock singer and composer Georgi Minchev, who passed away 23 years ago. The Rock and Blues Festival ''Flower for Gosho'' will take place today and tomorrow at the..
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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