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.
With 128 votes in favour, the governing majority in Parliament and three independent MPs rejected the president’s veto on the Law on Defence and the Armed Forces. The amendments expand the possibilities for declaring a state of emergency and..
In Skopje, I am hearing more and more often concerns that relations with Bulgaria are being used as a convenient excuse for the lack of will or ability to undertake the necessary reforms. I do not want to believe this argument, said Bulgaria’s..
The role of the social network TikTok in Bulgaria is growing, including its involvement in disseminating manipulative content. This is stated in a report presented at the European Parliament in Brussels, reported BTA. It was prepared by the..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
On Tuesday, overnight lows will range from 7°C to 12°C, rising to 12–16°C in eastern Bulgaria and around 9°C in Sofia. It will be a cloudy day with rain,..
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle..
Rain
Cloudy
Scattered showers