The European Commission has again pointed to major imbalances in Bulgaria’s economy. This country remains among the 12 EU member states who are subject to special monitoring. The EC report says that the banking sector has stabilized but that the legacy of poor supervision has not been overcome yet. Further actions are needed to deal with the weaknesses of the financial sector revealed in stress tests of banks. The percentage of bad credits is a double digit figure unlike the European average. From among state-run enterprises the most indebted ones are in energy. One example given is the N-plant at Belene for which Bulgaria has paid indemnities to Russia worth more than 601 million euro or 1.3% of the country’s GDP. The labor market has improved but employment levels remain low and long-term unemployment is high, European Commission experts have found.
On Monday before noon, sunny weather will prevail . In the afternoon, it will mainly rain in the southern half of the country. Minimum temperatures will be between 6°C and 11°C, in Sofia - about 6°C, and highs - between 16°C and 21°C, in..
“I hope that our MPs will fulfill their commitments not only to the eurozone, but also to democracy . It is surprising that people who call themselves the greatest democrats declare themselves against democracy.” This is how President Rumen Radev..
More than a fifth of Bulgarians are poor, according to an analysis by the Institute for Market Economics. People living in deficit are increasing to 21.7% based on data on unemployment, low education, higher number of children in the household, older..
More than a fifth of Bulgarians are poor, according to an analysis by the Institute for Market Economics. People living in deficit are increasing to..
“I hope that our MPs will fulfill their commitments not only to the eurozone, but also to democracy . It is surprising that people who call themselves..
On Monday before noon, sunny weather will prevail . In the afternoon, it will mainly rain in the southern half of the country. Minimum..
sunshine, cloud, rain and thunder
Mostly Cloudy
Partly cloudy, chance of rain