Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

EC: Bulgaria needs to speed up its structural reform program

Photo: BGNES

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.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Delyan Peevski

MRF-New Beginning requests investigation into vote-buying signals

An attack on elections is also an attack on national security. With these words, Vice President Iliana Iotova commented on the questions asked by President Rumen Radev about the fairness of the previous parliamentary elections . "From the very beginning..

published on 10/31/24 1:19 PM
Rumen Radev

President Radev demands answers from the institutions regarding the reports of vote-buying

Instead of calming society, the announcement of the election results generated tensions and raised questions about how fair the elections have been, says President Rumen Radev in a position on the early election for parliament, the presidential..

published on 10/31/24 12:05 PM

More than 95% of the participants in the Bulgarian Wants You forum in London say they are considering returning to Bulgaria

95.4% of the people who went to the forum “Career and life – why in Bulgaria?”, held in London on 20 October, say they are considering returning to Bulgaria, indicate data from an online survey active during the event. The results are up by 10%..

published on 10/31/24 11:27 AM