The Organization for Economic Co-operation and Development (OECD) starts membership talks with six countries, including Bulgaria, according to the OECD's website. The process is also under way for Argentina, Brazil, Croatia, Peru and Romania.
Each country will follow an individual roadmap to reaffirm its commitment to the OECD's values, vision and priorities. OECD Secretary-General Mathias Cormann commented that the candidate countries would be able to use the accession process to promote further reforms.
The organization says there is no deadline for completion of the membership process, as changes in laws, policies and practices may be required.
The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted...
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