Bulgaria’s Ministry of Finance announced that an inspection conducted by Public Financial Inspection Agency found serious violations in the completion of Hemus motorway. A contract between the Road Infrastructure Agency and Avtomagistralli EAD for the completion of Lots 7, 8 and 9 of Hemus Motorway to the tune of EUR 690 million excluding VAT was subject to inspection.
The inspection found that the estimated prices were inflated by more than EUR 9 million. Prices for various materials and construction works on the above-mentioned lolts of the motorway were also inflated. The inspection also found that the Public Procurement Act had been circumvented during subcontracting of construction works by Avtomagistral EAD under 15 design contracts.
Supporters of the parliamentary represented Vazrazhdane party gathered in front of the National Assembly, declaring their support for preserving the Bulgarian lev and for holding a referendum on the euro, BTA reports. With shouts..
“Our ambition is for Bulgaria not to be just an exporter of electricity, but for this energy to create added value here.” This was what Minister of Energy Zhecho Stankov said at the discussion “Bulgaria – a regional hub for..
The European Commission and the European Central Bank are expected to publish their convergence reports on Bulgaria’s readiness to adopt the euro on 4 June. If the reports are positive, Bulgaria will be able to adopt the euro on 1 January 2026...
As expected, the European Commission's convergence report on Bulgaria, published today, confirms that the country is ready to adopt the euro on 1 January..
The vote in the European Parliament’s Foreign Affairs Committee on the annual report regarding North Macedonia's progress towards EU membership was..
''Today, the European Commission and the European Central Bank categorically stated that Bulgaria meets the criteria for eurozone membership. This..
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