Deputy Prime Minister and Minister of Economy Kornelyia Ninova met with employers to discuss the impact on the Bulgarian economy of the sanctions imposed on Russia, possible counter-sanctions and the consequences they will have for Bulgaria, the press service of the Ministry of Economy has announced.
The representatives of Bulgarian businesses expressed their concern that the war is impeding raw material supplies in the region. If gas supplies are disrupted, that will push the price of Bulgarian commodities up, making them uncompetitive. There also exists a risk of transport and logistical problems and breaches of contract for reasons of force majeure. The employers also insisted on an extension of energy compensations to April-June, as well as on support for resolving the problem of the transport vehicles blocked at Ukraine’s borders.
The employers stated that they are ready to employ Ukrainian citizens. They say they want to see corridors provided for the import of metals and other raw materials from Russia and Ukraine, as well as export of their production. On her part, Minister Ninova informed the employer organizations of the measures the government is taking in preparation of the state reserves, for receiving Ukrainian citizens and for providing logistical support to Bulgarian companies. The commercial representative in Bucharest has been seconded to the border with Ukraine to render assistance to the Bulgarian and the Ukrainian citizens.
Minister Ninova expressed support, in response to the demand by businesses for the direct aid to Bulgarian companies to be higher than the financial instruments under the recovery and resilience plan. Minister Ninova stressed that “the Bulgarian economy needs direct support, not more credits.” In her words, the European Commission has left the Bulgarian government to decide what the ratio should be, and it must be in favour of Bulgarian entrepreneurs and industry.
The Atlantic Council of Bulgaria has called on all "Euro-Atlantic-oriented MPs" to support the proposed GERB-SDS cabinet. If PP - DB do not wish to vote for the proposed cabinet, they can make its formation possible by not..
Today, the National Assembly will vote on the new government proposed by GERB-SDS. On Monday, upon receiving the first exploratory mandate, the largest parliamentary force, GERB-SDS, announced the lineup of the cabinet headed by Prime..
The exhibition "The Buckles – a Universe of Signs" by the Ruse Regional Museum of History is visiting Burgas. The exposition, which will be opened today at 5:30 pm at the Ethnographic Museum on 69 Slavyanska Street, features over thirty samples of..
“Five people from the parliamentary group are going to be “torn apart” during the voting for a cabinet but will, most probably, not give their..
The first joint operation of the newly formed Mine Counter Measures Task Group Black Sea involving Bulgaria, Turkey and Romania is to take place July..
The caretaker government has fulfilled its main task successfully – organizing fair and transparent elections for National Assembly and for European..
+359 2 9336 661