Retirement age in Bulgaria for males and females will be the same after 2020, according to the Minister of Social Policy and Labor, Totyu Mladenov. Mladenov explained Monday that in 2017 retirement age for men would reach 65 while by 2020 the one for females will be 63, and it will increase, along with the required years of service, by 4 months [...]
Novinite.com (Sofia News Agency) and Novinite.bg are publishing an interview with Bozhidar Dimitrov, a prominent historian, Director of Bulgaria’s National History Museum in Sofia, and a former Minister of Bulgarians Abroad (Diaspora Minister) in the Borisov Cabinet in 2009-2011. Interview by Evelina Ivanova, a freelance journalist. Bozhidar Dimitrov has an impressive resume, a harsh language [...]
The European Union‘s executive will suspend in the short term the excessivebudget deficit procedure against Bulgaria as the country has taken adequate steps to correct it, a deputy finance minister believes. Bulgaria‘s budget deficit dipped below the European Union limit of 3% of gross domestic product last year because of the government’s prudent fiscal management, Deputy Finance Minister Boryana Pencheva told MPs from the European affairs parliamentary committee. “Eurostat, the EU’s statistical agency, [...]
Since the beginning of the year, no money has been transferred to Bulgaria‘s Silver Fund, set up to anchor the public pension system, shows its balance sheet, published online by the finance ministry. Under local legislation the money in the Silver Fund comes from privatization deals, concessions, and budget surpluses (if any). The money the Bulgarian state got from [...]
The headquarters of the Bulgarian Customs Agency will be moved to the Danube city of Ruse as part of the decentralization plan of the government. The news was reported in the Parliament Friday by Deputy Prime Minister andFinance Minister, Simeon Djankov, cited by Darik radio. Djankov, who is the mastermind of the plan, explained to the Members of the Parliament that institutions will be gradually moved from the [...]
The largest Bulgarian producer of non-ferrous metals, the Lead and Zinc Complex(LZC; OTZK) in the southern city of Kardzhali will not be declared insolvent, syndicate leaders have announced. The heavily indebted LZC, which has been out of operation in the past four months, will not have the fate of Kremikovtzi, the behemoth steel mill near Sofia, which no longer [...]
A consortium of Polish firms has declared interest in renting the largest Bulgarian producer of non-ferrous metals, the Lead and Zinc Complex (LZC; OTZK) in the southern city of Kardzhali. This was announced Friday by Valentin Nikiforov, Vice President of the Confederation of Independent Bulgarian Syndicates, a major trade union active in the recent crisis with the troubled LZC. Nikiforov said the Polish consortium, whose participants were [...]
Bulgaria’s cabinet must seek professional advice for the management of the Silver Fund which is part of the fiscal reserve, according to the country’s EU Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, Kristalina Georgieva. Speaking for Darik radio Saturday, Georgieva stressed that the Fund must be managed by people, who are independent from [...]
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 [...]
The Bulgarian government of the center-right party GERB plans to raise the retirement pensions only of widows, according to the latest announcement of Finance Minister Simeon Djakov. According to Djankov, the state budget cannot afford to raise all pensions, as Prime Minister Boyko Borisov and Labor Minister Totyu Mladenov had indicated earlier. Instead, the government [...]
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
