Bulgarian Business Club Newspaper

Posts tagged with the keyword: ‘EC’

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 [...]

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 [...]

Hungarian Ambassador: Bulgaria Schengen Entry Depends on EC Justice Report

Hungarian Ambassador: Bulgaria Schengen Entry Depends on EC Justice Report

The results of the July report of the European Commission (EC) under the Cooperation and Verification Mechanism (CVM) in the area of justice and home affairs will determine whether Bulgaria and Romania can join Schengen by end-2011, announced Hungarian Ambassador to Bulgaria Judith Lang. “I hope that the report will provide favorable conclusions about Sofia [...]

EC Opens Three Infringement Procedures Against Bulgaria

EC Opens Three Infringement Procedures Against Bulgaria

The European Commission (EC) has opened three infringement procedures against Bulgaria over a flawed public procurement tender and the country’s failure to incorporate two Directives into its national legislation. The first procedure involves a violation of European public procurement regulations on the part of the Electricity System Operator (ESO), a unit of Bulgaria’s state-owned power [...]

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