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 [...]
The name of the actual buyer of the State-owned cigarette-maker monopoly Bulgartabac is going to be revealed very soon, Economy and Energy Minister, Traicho Traikov, promised. Speaking Saturday from the Black Sea city of Varna, Traikov, however, stressed that the most important issue was who the investor is, not the buyer. He added that there [...]
Georgi Angelov, Senior Economist with the Open Society Institute – Sofia,argues that the ESM and the Pact for the Euro are a real burden for the poorer EU member states and they significantly decrease their incentives to join the Eurozone. The background In the first decade of the existence of the euro, there was a [...]
I cannot see the eurozone risking a second recession, stated Luxembourg PM and Eurozone President Jean-Claude Juncker on an official visit to Bulgaria Wednesday. “The truth is that growth in the eurozone has slowed down, but that is due to external factors and does not warrant a new recession,” said the Eurozone president. He nevertheless [...]
The repaired Bulgarian section of Danube Bridge 1 between the city Ruse and Romania‘s Giurgiu was opened Saturday by Prime Minister, Boyko Borisov. The bridge is the only one existing on the Danube to connect Bulgaria and Romania, for which the Bulgarian government has allocated BGN 1.7 M. Borisov was accompanied at the ceremony by [...]
Benjamin Netanyahu arrives on Thursday in Bulgaria, the first visit of an Israeli prime minister to the country for the last two decades. The Israeli delegation will include ministers of finance, telecommunications, construction and civil defense. The visit is at the invitation of Bulgaria‘s Prime Minister Boyko Borisov. In Sofia Netanyahu is scheduled to confer [...]
The fiscal policy of PM Boyko Borisov‘s center-right GERB cabinet only leads to a prolonging the period of depression in Bulgaria’s economy, according to former Minister of Finance Plamen Oresharski. Oresharski commented two years after Borisov’s GERB part swept general elections on July 5, 2009. “The collectibility of revenue has visibly dropped, excessive budget deficits [...]
Norway, Iceland, and Liechtenstein are granting Bulgaria funding amounting to EUR 126.6 M under Bulgaria-Norway and European Economic Area (EEA) mechanisms. Norway’s Ambassador to Bulgaria Tove Skarstein and Bulgaria’s EU Funds Minister Tomislav Donchev signed two memorandums for the grants on Friday in Sofia in the presence of Prime Minister Boyko Borisov. The grants come [...]
Bulgaria’s anti-monopoly body said on Thursday it has given the green light to the sale of a 49.99% interest in Bulgarian-American Credit Bank. Allied Irish Banks announced a month ago that it has signed an agreement to sell its 49.99% shareholding in Bulgarian-American Credit Bank AD to Clever Synergies Investment Fund (CSIF). The deal price [...]
The Bulgarian government has signed a consulting contract with UK-based company HSBC for the financial analysis for the project for the construction of the Belene nuclear power plant. Bulgaria‘s Cabinet and Prime Minister Boyko Borisov in particular have made it clear that the results from HSBC’s financial appraisal of the Belene project, i.e. whether it [...]
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