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Bulgaria's new interim cabinet was appointed on August 5. Photo by BGNES
The caretaker government of law professor Georgi Bliznashki appointed on Tuesday “inherits raft of problems to sort out”, Reuters noted in its coverage of the news.
According to Reuters, the most pressing problem facing the caretaker cabinet is “the fate of Corporate Commercial Bank”, KTB. Bulgaria’s fourth-largest bank remains closed since June 20 following a run on deposits and political parties are in disagreement to “what extent the bank's depositors and bondholders will be protected in a possible state rescue”
Other problems include sluggish economic growth, a diplomatic row over the South Stream gas pipeline and a sovereign credit rating downgrade in June.
Last week, Reuters reported that holders of USD bonds at KTB are planning to sue the government if the bond defaults and KTB is tipped into insolvency.
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The defendant Tsvetan Vasilev is no longer wanted by Interpol, the information was confirmed for BTA by Vasilev's lawyer Konstantin Simeonov
Bulgarian MEPs from former prime minister Boyko Borissov’s GERB party sent a letter addressed to all groups in the European Parliament, criticising the actions of the caretaker government, claiming it was “nominated by pro-Kremlin President Rumen Radev.
The caretaker government continues with the staff reshuffle in the revenue agencies - Georgi Kostov was removed today from the management of the Customs Agency.
The caretaker government has discussed whether to extend until the end of its term of office the payment of additional BGN 50 to pensioners as promised the government of Prime Minister Boyko Borissov.
The ministers of the third cabinet headed by Boyko Borisov handed over power to the caretaker government appointed by decree of President Rumen Radev.
Bulgaria's President Rumen Radev called a snap parliamentary election on Tuesday for July 11 and appointed Stefan Yanev, his close security and defense adviser, as caretaker prime minister until a new government is formed.
I feel no moral guilt towards anyone. This was stated by Kiril Petkov, answering a question whether he would apologize to the Bulgarian people for violating the Constitution.
Head of the Military Medical Academy (MMA) Major General Prof.
The Ministry of Finance has revised its autumn forecast for economic development.
Bulgarian police arrested a Russian citizen and two Lithuanians on suspicion of exporting “sensitive information” from the Arsenal military plant in Kazanlak.
The government has changed its order requiring state-owned companies to pay a dividend to the budget.
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