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

Parliament sets up ad-hoc committee to investigate USD 1 bn. deal with Gemcorp

Photo: BGNES

After fierce debate, the MPs adopted, with full unanimity, the motion by GERB party for the formation of an ad-hoc committee to look into all circumstances concerning the signing and the termination of the memorandum with Gemcorp Holdings Limited and IP3 Corporation by the Kiril Petkov government, BGNES reports.

According to Kiril Petkov, then prime minister, the memorandum was expected to yield investments amounting to USD 1 bn. in green energy. According to We Continue the Change, the issue is no longer relevant, as the memorandum has been terminated and the matter is now being played up to divert attention from the real issue – that GERB is unable to form a government. However, We Continue the Change supported the establishment of an ad-hoc committee because “it has nothing to be afraid of”.

Kiril Petkov’s government declared it had terminated the memorandum on 20 July and the country will not be liable to pay any compensation. “We simply terminated it today so the matter will no longer be subject to speculation,” Kiril Petkov said at the time. A few days ago, GERB party stated they had documents according to which the agreement has not been terminated.



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

Rumen Radev: Medical assistance is a leading factor of morale at the front

“One of the leading factors of motivation and morale of the people fighting at the front is the availability of fast and reliable medical evacuation, as well as of effective and adequate medical assistance and its provision in the immediate vicinity..

published on 10/5/24 2:17 PM
Galin Tsokov

2% of teachers in Bulgaria are working pensioners

“You have the challenging but noble mission to mould knowledgeable, competent and highly responsible individuals, but most of all good and honest people, worthy citizens of the country and of the world,” said Education Minister Galin Tsokov in an..

published on 10/5/24 1:21 PM
Deputy PM and Minister of Finance Lyudmila Petkova

Finance Minister Lyudmila Petkova: We expect to meet inflation criteria for accession to Eurozone by December

In December this year the Ministry of Finance will have covered the last of the criteria for accession to the Eurozone – inflation, said caretaker Deputy PM and Minister of Finance Lyudmila Petkova. Two weeks after fulfilling it, Bulgaria will ask..

published on 10/5/24 10:30 AM