The Borissov cabinet approved the assumption of commitments which Bulgaria must fulfil after it joins the Banking Union and ERM II, the European exchange rate mechanism which precedes accession to the Eurozone.
According to the press service announcement the commitments are in the sphere of the non-banking financial sector, administration of state-owned enterprises, the bankruptcy framework and the fight against money laundering. Negotiations are forthcoming with the European partners, including the members of the Eurogroup and representatives of Denmark. This country is expected to enter the so-called Eurozone waiting room this month. The last step before that is the capitalization of First Investment Bank with the deal for the acquisition of shares by the Bulgarian Development Bank and private investors being completed by 3 July.
The former leader of the Bulgarian Socialist Party (BSP) and member of the 50th National Assembly, Korneliya Ninova, has described the situation in the country as a collapse of the state. According to Ninova, the inability to form a cabinet is a sign..
The Movement for Rights and Freedoms (DPS) will first circulate a letter to other parliamentary groups asking whether they are open to supporting a second mandate to form a government. After convening representatives of some of the party's regional..
The National Council of the "We Continue the Change" (PP) has approved a policy of consolidation and strengthening of the coalition with "Democratic Bulgaria". A party statement distributed to the media said that at today's meeting, the PP discussed the..
The new Bulgarian Patriarch, Daniil, has spoken out in favour of reconciliation within the Orthodox churches. "There is a broken communion between..
The Democrats for a Strong Bulgaria (DSB) party is proposing to its partners in the We Continue the Change-Democratic Bulgaria (PP-DB) coalition that..
Monday will be sunny and hot. In the east there will be light to moderate northeasterly winds. Maximum temperatures will be between 33° and 38°C , in..
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