Bulgarian Business Club Newspaper

Archive for the Category ‘Bulgaria-EU’

Poland Favors EU Treaty Change to Rescue Eurozone

Poland Favors EU Treaty Change to Rescue Eurozone

The Polish EU Presidency has stated Tuesday it backs the initiative of German Chancellor Angela Merkel and French President Nicolas Sarkozy to forge new rules to secure the financial stability of the EU. Poland, who is EU‘s rotational presiding member state until the end of 2012, will back all efforts to rescue the eurozone, said [...]

Bulgarian PM Proposes Bonuses for EU’s Fiscally Disciplined

Bulgarian PM Proposes Bonuses for EU’s Fiscally Disciplined

The EU member states showing a better fiscal discipline should be motivated with bonuses, Bulgarian Prime Minister Boyko Borisov proposed during a meeting with his Danish counterpart. The block’s best performers in terms of fiscal stability could receive more EU funds during the next program period and could spend less on co-financing EU projects, the [...]

Denmark Throws Weight behind Bulgaria, Romania Schengen Entry

Denmark Throws Weight behind Bulgaria, Romania Schengen Entry

Denmark firmly supports Bulgaria and Romania‘s Schengen bids and hopes that the two countries would join the agreement during its EU presidency, Danish PM Helle Thorning-Schmidt has said. “Bulgaria and Romania have met the requirements for joining the Schengen Agreement; we should stimulate them by accepting them in Schengen. If someone has abided by the [...]

Crisis Stems Outflow of Bulgarian Migrant Workers toward EU

Crisis Stems Outflow of Bulgarian Migrant Workers toward EU

The fact that some EU countries still impose restrictions on access to their labor market for Bulgarian citizens means only one thing: that these people will spend more time there working illegally. The conclusion is part of the “Bulgarian Labor Migration: Do Restrictions Make Sense” report of the Open Society Institute – Sofia published by [...]

Bulgaria Feels Cheated as EU ‘Punishes’ It for Its Fiscal Prowess

Bulgaria Feels Cheated as EU ‘Punishes’ It for Its Fiscal Prowess

Bulgaria, the poorest EU member state, is said to feel cheated as the EU institutions are about to seal a new policy allowing six other member states, which are struggling financially, to be able to co-fund projects with much less money. “Countries which maintain a strict financial discipline should not be punished and those that [...]

Juncker: Bulgaria Must Join Schengen ASAP

Juncker: Bulgaria Must Join Schengen ASAP

Bulgaria has done a wonderful job in meeting Schengen criteria and must join the free movement area as soon as possible, stated Luxembourg PM Jean-Claude Juncker, who is on a visit to Bulgaria Wednesday. In Varna, Juncker met his Bulgarian counterpart Boyko Borisov to discuss Bulgaria’s perspectives as an EU member, as well as bilateral [...]

Bulgaria, Romania Pool Efforts for Unfettered EU Job Rights

Bulgaria, Romania Pool Efforts for Unfettered EU Job Rights

The governments of Bulgaria and neighboring Romania have asked the European Commission to help convince older member states to lift restrictions for job-seekers from the two countries as of 2012. Bulgarian Labor Minister Totyu Mladenov and his Romanian counterpart Sebastian Lazaroiu have sent to this end a joint letter to Employment, Social Affairs and Inclusion [...]

EP Opposes Reintroduction of Schengen Border Controls

EP Opposes Reintroduction of Schengen Border Controls

The European Parliament has adopted Thursday a resolution opposing the facilitation of border control reintroduction within the Schengen free movement area. “The influx of migrants and asylum seekers cannot justify reintroducing border controls in Schengen,” says the resolution, adopted by a wide majority stating “strong and firm opposition” to such measures. Member states such as [...]

EU Institutions Lash Out at Financial Rating Agencies

EU Institutions Lash Out at Financial Rating Agencies

Following European Commission President Jose Manuel Barroso, European Central Bank President Jean-Claude Trichet has voiced sharp criticism of financial rating agencies. Thursday Trichet spoke about the existence of a “structure of international credit agencies similar to an oligopoly,” describing it as “highly undesirable.” What provoked the unusually sharp criticism was the Tuesday downgrading of Portugal‘s [...]

Bulgaria More Effective Than Ever with EU Funds – Minister

Bulgaria More Effective Than Ever with EU Funds – Minister

Bulgaria is a responsible manager of funds from the common EU budget and is in a good position to prove that to the EU, stated Bulgarian Minister of EU Funds Tomoslav Dochev. “Bulgaria is showing it can and it knows what it’s doing. Our country is in a better position than ever,” said Donchev in [...]

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