Bulgaria’s Minister of Economy Bogdan Bogdanov dismissed the executive director and the board of directors of the State Consolidation Company, which manages the enterprises in the system of the ministry. The new management is temporary and their salaries will be reduced by half, the minister announced.
The State Consolidation Company manages a capital of over BGN 1 billion (more than EUR 500 million). Six out of eleven companies are inefficient. According to an analysis of the enterprises in the ministry's system, unjustified costs exceed EUR 347.68 million. Inefficient state-owned companies will be deprived of representation costs, and a limit of EUR 2556.46 per year will be introduced for the rest. A comprehensive analysis of all companies is pending. Business programmes for the period 2024-2026 will be also prepared. State Consolidation Company is a sole joint stock company with one hundred percent state ownership of its capital.
In the summer of 2024, a Sofia municipality and its residents showed how we can be happy and united as a community, sitting at one table. In July 2024, on Exarch Yosif Street and in September on Oborishte Street in the Bulgarian capital Sofia, the first..
The Garlic Festival will be held on September 21 and 22 at the stadium in the village of Dolni Rakovets, Radomir Municipality, Pernik Region . The event presents the traditional production of Dolni Rakovets garlic. Due to the favorable soil..
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The government of Prime Minister Rosen Zhelyazkov survived a fifth vote of no confidence, this time on the topic of "Internal Security and Justice." 133..
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The parliament has adopted changes to the Railway Transport Act. The amendments transfer the requirements of the European directives to..
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