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Audit in the Fund of Funds over conflict of interest and connections with politicians

The Ministry of Innovation and Growth has started a check over conflicts of interest and connections with prominent politicians after a report received in the department about the activities of one of the financial intermediaries..

19.08.22 12:21 |

Three quarters of Bulgarians under 65 with no permanent employment are on the verge of poverty

According to the latest Eurostat data for 2020, published today, 80% of Bulgarians of working age up to 65 living in households with low economic activity are at risk of poverty. According to this indicator, the country ranks fourth among the..

04.08.22 19:44 |
MP Toshko Yordanov

MP Toshko Yordanov: Bulgaria’s Ministry of Finance has blocked the money of the Russian Embassy in Sofia

Bulgaria’s Ministry of Finance has blocked the money of the Russian Embassy in Sofia, announced MP Toshko Yordanov, Chairman of the Parliamentary group of "We Continue the Change" party.  In his words, Bulgarian companies operating on the Russian..

06.07.22 15:04 |

One in three Bulgarians spends more than EUR 500 over the Christmas and New Year holiday season

One in three Bulgarians spends at least EUR 500 over the Christmas and New Year holiday season, a survey of a financial portal indicate. Almost 20% of the respondents managed to put aside between EUR 50 and 125 for the holidays. Despite the..

24.12.21 13:56 |

Large-scale scheme for embezzling money from Hemus Motorway project revealed

30 million euros of the money for lot 5 of the Hemus Motorway were diverted, the General Directorate Combating Organized Crime revealed. This happens after two days ago an operation in Sofia and other cities in the country,..

05.11.21 16:31 |
Minister Kiril Petkov

Delyan Peevski did not receive direct loans from BDB

The Bulgarian Development Bank has been checking economic relation in loans granted by it. this happens after Delyan Peevski was sanctioned under the global "Magnitsky" Act . This was announced by the Minister of Economy Kiril Petkov during a..

29.07.21 18:51 |

Bulgarian Industrial Association disapprove of decision for money transfer to Fund of Funds

The government's decision to transfer 50 million euros of grants from the European Commission aimed at the Bulgarian economy to the Fund of Funds, has not received approval from BIA. In the fund, this money will be distributed as loans with..

04.07.21 11:46 |

Bulgaria’s caretaker cabinet: Billions of euros were distributed without public procurement procedures

In the past 2 years, state-owned companies paid about 4.4 billion euros to subcontractors for construction without public procurement procedures. This was done under the so-called in-house procedure, which could be applied only in emergencies and..

30.06.21 15:53 |
Deputy PM for EU Funds Management Atanas Pekanov

Recovery Plan will have disciplining effect – money for reforms: Deputy PM Atanas Pekanov

“The caretaker cabinet is trying to rescue the Recovery Plan, or at least to improve those parts which are not up to the mark, ” Deputy Prime Minister for EU Funds Management Atanas Pekanov said, in an interview for the BNR’s Horizont channel, adding..

27.06.21 13:36 |

Masked men try to steal money for pensions in Vidin

Three masked and armed men tried to steal a large sum of money from the Central Post Office in Vidin early this morning. The men broke into the post office through a back entrance, tied the guards up, then entered the vault, but failed to take the..

06.06.21 13:57 |
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