Bulgaria’s Minister of Economy Bogdan Bogdanov dismissed the executive director and the board of directors of the State Consolidation Company, which manages the enterprises in the system of the ministry. The new management is temporary and their salaries will be reduced by half, the minister announced.
The State Consolidation Company manages a capital of over BGN 1 billion (more than EUR 500 million). Six out of eleven companies are inefficient. According to an analysis of the enterprises in the ministry's system, unjustified costs exceed EUR 347.68 million. Inefficient state-owned companies will be deprived of representation costs, and a limit of EUR 2556.46 per year will be introduced for the rest. A comprehensive analysis of all companies is pending. Business programmes for the period 2024-2026 will be also prepared. State Consolidation Company is a sole joint stock company with one hundred percent state ownership of its capital.
On Tuesday, the lowest temperatures will range from 10 °C to 15°C, around 11°C in Sofia. In the morning hours, there will be low clouds or reduced visibility in some lowland areas and around water bodies. It will be sunny during the day. There will..
Bulgarian Defence Minister Atanas Zapryanov met his Albanian counterpart Pirro Vengu in Tirana on Monday in his first official visit to Albania, the Albanian Defence Ministry said. The two ministers highlighted strong defence and security ties..
On September 15, 2025, the Ambassador of the Russian Federation to Sofia, Eleonora Mitrofanova, was summoned to the Ministry of Foreign Affairs of Bulgaria in connection with the deliberate violation of Polish airspace by Russian military drones on..
Motorway Europe-A6, which is 63 kms. long, has been put into operation. Connectivity between the Orient and Western Europe is now a fact, Minister of..
Bulgaria is ready to down Russian drones. The Northeastern part of the country is actively being monitored, Minister of Defence Atanas Zapryanov..
In order for young people to be adequately prepared for the challenges of contemporary life and the demands of today’s labour market, education needs to..
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