By mid-2026, Bulgaria should be removed from the Financial Action Task Force (FATF) “grey list” of countries with deficiencies in its anti-money laundering systems, Minister of Justice Georgi Georgiev said in an interview with public service broadcaster BNT. Out of 25 criteria for removal from the list, 22 have been recognized as fulfilled, and Bulgaria has made significant progress, said Minister Georgiev.
The first of the remaining measures has already been implemented by the Ministry of Justice. In January, progress on the remaining three criteria will be reported, after which a request will be made to initiate the procedure for removing the country from the list, Minister Georgiev said. According to him, Bulgaria’s presence on the “Grey List” discourages foreign investors, slows GDP growth and creates difficulties for Bulgarian businesses.
Edited by Ivo IvanovPublished and translated by Kostadin Atanasov
Photo: BGNES
On Friday, morning temperatures will range from 10 to 15°C, with 10°C in Sofia. Rain is expected in the western regions in the early hours. During the day, skies will remain cloudy as rain moves from west to east, gradually easing in the afternoon with..
Bulgaria and Vietnam should make the most of their strategic geographic positions – Vietnam in Southeast Asia and Bulgaria in Southeast Europe – acting as a gateway for goods and services from Asia to Europe , President Rumen Radev said on Thursday. He..
The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University ‘St. Kliment Ohridski’ has released SPEAR-1, an open-source AI model that gives industrial robots 3D spatial intelligence . The technology is..
Frol and Frosia are the newest residents of the Bear Sanctuary Belitsa, according to the Four Paws Foundation, which runs the bear sanctuary in..
Plovdiv Airport welcomed the first flight from Milan (Malpensa) with an official ceremony on October 26. The aircraft carried 87 passengers on the newly..
The Bulgarian team is returning home with four medals from the Youth International Olympiad on Astronomy and Astrophysics (IOAA) , held in the Romanian..
Overcast, rain
Rain