Bulgaria‘s jobless rate in will continue to increase in 2012 as the economy hovers on the brink of its second recession in three years in the wake of the slump in theeuro zone, analysts have warned. The unemployment rate stood at 11.5% last month with the total number of people who are unemployed towering to 376 171, up by 10,000 over the previous month, [...]
Bulgarian consumers‘ sentiments continue to trend downwards as prices of staple foods hit record highs, a survey shows. There was no hope for higher incomes among Bulgarians in the first quarter of 2012, while fuel prices remained the main factor for inflation, according to a poll, conducted by market research institute GfK. Consumers are afraid that the prices [...]
Bulgaria has declared its opposition to the liberalization of vine planting rights in the European Union that is scheduled to begin from 2016. Thus, the Balkan country has become the 15th EU member state to the planned liberalization after Germany, France, Italy, Spain, Portugal, Hungary, Austria, Romania, Luxembourg, Cyprus, the Czech Republic, Slovakia, Greece and [...]
Nine EU states are to share the arguments behind their decisions to stop Bulgarians and Romanians from their labor markets until the end of 2013 during EU‘s Council of Employment and Social Policy Ministers on Friday. Economic and social insecurity fueled by the financial crisis are to be presented as the leading arguments for most [...]
Bulgaria’s parliamentary health commission is about to launch a probe into local pharmaceutical company Sopharma over suspicions of monopoly, its head announced. The move came following an investigation by TV 7 channel, which showed that Sopharma sells its medicines to Bulgarian patients and hospitals at higher prices than in Turkey or Serbia. A package of [...]
They insisted on a meeting with Borisov and his Deputy, Finance Minister, Simeon Djankov, but did not get a positive response. Meanwhile, the demonstrators, represented by the National Grain Producers Association, were invited to meet with Agriculture Minister, Miroslav Naydenov, but declined the invitation on the grounds he is not authorized to sign any decisions. [...]
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 [...]
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 [...]
Bulgaria’s Foreign Ministry has joined the other EU countries in the recognition and welcome of the newest independent state in the world, South Sudan, which held Saturday, July 9, 2011, its independence ceremony. “Six months after voting freely for independence in a democratic referendum, we witness the birth of Africa’s youngest nation. The peaceful road [...]
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’s Yuri Sterk Appointed EU Ambassador to Uzbekistan
Bulgaria Wins Concession as EU Agrees on Bank Capital Rules
Bulgaria Flooded Village Still Waiting for Rulers’ Generous Donation
Bulgarian Volleyball Star May Skip Olympic Games over Scandal
Famous Rose Harvest Festival Begins in Bulgaria
Bulgaria to Launch National Unit to Compensate Victims of Slow Justice
Bulgaria PM Makes U-Turn: Bonuses to Go to Sick Kids
