The Borissov cabinet approved the assumption of commitments which Bulgaria must fulfil after it joins the Banking Union and ERM II, the European exchange rate mechanism which precedes accession to the Eurozone.
According to the press service announcement the commitments are in the sphere of the non-banking financial sector, administration of state-owned enterprises, the bankruptcy framework and the fight against money laundering. Negotiations are forthcoming with the European partners, including the members of the Eurogroup and representatives of Denmark. This country is expected to enter the so-called Eurozone waiting room this month. The last step before that is the capitalization of First Investment Bank with the deal for the acquisition of shares by the Bulgarian Development Bank and private investors being completed by 3 July.
"On behalf of the state, we declare war on the property mafia." This was announced at a press conference by Justice Minister Georgi Georgiev. He said that the activities of the real estate mafia had reached unprecedented levels and were characterised by..
The first vote of no confidence in Rosen Zhelyazkov's cabinet was submitted to parliament on the initiative of the Vazrazhdane party, with the support of Velichie and MECH. "This vote is doomed by pure mathematics, but that does not mean that we..
Doctors and nurses from the country's 12 state-run psychiatric hospitals have staged a protest outside the Ministry of Health, demanding a higher pay rise than that included in the new budget. The protesters briefly blocked traffic on the boulevard in..
European Chief Prosecutor Laura Kövesi is launching an administrative investigation into possible violations committed by Bulgaria’s..
The price of agricultural land in Bulgaria will continue to decline for at least the next two years. The data comes from the Bulgarian Association of..
Starting from 9 am today, traffic on the Danube Bridge at the border with Romania will be suspended. This is required due to technological..
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