Bulgaria is experiencing imbalances. Vulnerabilities in the financial sector are coupled with high indebtedness and non-performing loans in the corporate sector. Meanwhile, the Bulgarian economy continues to grow- this country’s gross domestic product is expected to see a 3.6% increase in 2019 and 2020. The GDP debt ratio is expected to be around 26% which is one of the lowest in the European Union. The next external position has improved on the back of robust growth and large current account surpluses. While there is progress in addressing sources of imbalances, the full implementation and monitoring of recent reforms to supervision and governance in the bank and non-financial sectors will be crucial. More action is also needed to reduce the stock of non-performing loans and to complete the reform of the insolvency framework, the EC First Vice President Valdis Dombrovskis, responsible for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union said in his report on the Member States’ progress on economic and social priorities.
More and more branch organizations in agriculture are announcing their readiness to protest because of unpaid funds under the so-called Ukrainian aid intended to compensate for economic losses due to the war in Ukraine . The members of the Chamber of..
The Central Election Commission is receiving many more complaints than in previous elections from representatives of a parliamentary party with two chairpersons, the spokeswoman of the institution Rositsa Mateva told BNR. The two wings of the formation..
The Federation of Transport Workers at the Confederation of Labour "Podkrepa" is organizing a protest against the capital's mayor, Vasil Terziev, because of a non-observed cooperation agreement from February this year . The document states that this year..
In December this year the Ministry of Finance will have covered the last of the criteria for accession to the Eurozone – inflation, said caretaker..
On Saturday, the lowest temperatures will be between 14 and 19°C; in Sofia - about 16°C. In the western regions, the highest..
30 buildings across the country will be illuminated in green tonight to mark European Donation Day – the European Day for Organ, Tissue and Cell..
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