For the third month in a row, Bulgaria ranks first in the EU in terms of annual decline in retail trade, according to Eurostat. Retail trade in Bulgaria declined by 17.5% on an annual basis in July, while for the EU as a whole, the indicator fell by 0.7%.
The rate of decline in retail sales in Bulgaria slowed down after May, when the strongest decline was reached - 20.4% on an annual basis. On an annual basis, the indicator increased the most in Ireland by 9.1%, in Lithuania by 6.8% and in the Netherlands by 6%. With the biggest declines, Bulgaria was followed by Malta with minus 8.1% and Luxembourg with 6.1% decline in consumer spending on shopping.
Bulgaria’s Anti-Corruption Commission is investigating a large-scale property fraud and money laundering scheme connected to the 'Historical Park', which is associated with Ivelin Mihaylov, the leader of the Velichie party. Those arrested include the..
The ruling party and the opposition argued about the procedure for the Budget Committee meeting before the final vote on the 2006 budget . Assen Vassilev, chairman of the We Continue the Change party, attempted to block the committee’s extraordinary..
Employees in the agriculture and forestry sector staged a protest in front of the Parliament, demanding higher salaries for workers in departments that are secondary budget administrators. The protest was organized by the National Federation of..
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