The European Commission has presented its specific recommendations for the economic policies of member states, including Bulgaria, within European Semester 2017. It is expected that Sofia will respect the Stability and Growth Pact both in 2017 and in 2018, which sends a positive signal to investors.
In order to achieve sustainable economic growth and to improve the standard of living of Bulgarian citizens, Bulgaria is urged to accelerate its structural reform program. The EC takes note of the progress made in strengthening the banking system, but believes that more work is needed to overcome the remaining weaknesses in the financial sector, such as the high level of bad loans.
According to the EC, improving tax collection and compliance with tax legislation, as well as reducing the size of grey economy are measures that can increase the attractiveness of the Bulgarian economy and its credibility.
Snowfall and strong winds in Northeastern Bulgaria caused power outages in more than 100 villages in the regions of Ruse, Silistra, Shumen, Targovishte, Dobrich and Varna. Hurricane-strong wind knocked down a 50-meter crane..
The Bulgarian research vessel Sts. Cyril and Methodius - Research Survey Vessel 421 will be ceremonially welcomed at the port terminal in Varna today. It was expected to dock at 10 am but due to bad weather the ship is now expected at 4 pm. The ship is..
Friday will be cloudy, but there will be no rain during the day. Precipitation will start in the evening in eastern Bulgaria and continue during the night over the rest of the country. Minimum temperatures will be between minus 2°C and 3°C, around 0°C in..
Energy Minister Zhecho Stankov attended the tenth edition of the Delphi Economic Forum in Greece. "Bulgaria is a reliable partner in the region's energy..
Sofia public transport workers will protest on Monday, April 14, demanding increase in wages . The decision to protest was made after meetings between the..
Testing of the sectional average speed control system began today. The tests are being conducted by the National Toll Authority in cooperation with the..
Cloudy
Overcast, rain