After Bulgaria joins the Schengen area and the Eurozone we expect the GDP to go up by 5% in the first 1-2 years, said Minister of Economy Bogdan Bogdanov for public service TV BNT. He pointed out that the most important mission for 2024 remains accession to the Schengen area by land.
The State Consolidation Company, SCC, comprises 16 companies, Minister Bogdanov said further. The SCC has put up many of these companies as collateral for credits, among them LB Bulgaricum, the Institute for Military Research in Kazanlak, Kintex, Avionams. “Kintex is even on the list of companies which cannot be put up for privatization,” Bogdan Bogdanov said. “How can we shut down the State Consolidation Company at a time these companies have been put up as collateral and can be sold off? Our aim is to get them released,” Minister Bogdanov said.
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate..
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