Bulgaria is the only country of the EU which is complying with the budget deficit criterion, said Valdis Dombrovskis, Executive Vice President of the European Commission.
Despite the strong economic growth and low unemployment rate Bulgaria is catching up with the rest of the EU slowly, according to the European Commission spring economic report. The country has a high level of poverty and income inequality. The percentage of non-performing loans remains high. Supervision in the insurance sector needs to be additionally reinforced, even though considerable progress has been made. The challenges in the fight against corruption remain and there is no convincing evidence as yet of the prosecution of high-level cases.
According to data from the National Seismological Center at the National Institute of Geophysics, Geodesy and Geography - BAS, at 16:48 an earthquake with a magnitude of 3.5 was recorded in the area of the town of Simitli, near Blagoevgrad. The..
There are significantly fewer homeless people in Sofia in comparison to major European cities. This is shown by data released today from an international study under an international project covering 35 European cities, funded by the European..
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle pollution. Bulgaria is participating in two of these projects and will receive funding to install charging..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
On Tuesday, overnight lows will range from 7°C to 12°C, rising to 12–16°C in eastern Bulgaria and around 9°C in Sofia. It will be a cloudy day with rain,..
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle..
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