EU Population Trends: Bulgaria Sees Largest Decrease
As of January 1, 2023, the European Union (EU) has a population of 448.8 million people. Germany is the most populous EU country, with 84.4 million residents (19% of the EU total),
The deputy chairperson of the parliamentary Budget Committee Diana Yordanova announced during the weekend that Bulgaria should have a financial ombudsman by the middle of the year.
Yordanova pointed that the establishment of the institution was recorded in the governance programme, daily Dnevnik reports.
The ombudsman will be responsible for preventing fraud and easing the granting of credits to businesses.
Yordanova revealed that there were many cases in which the banks altered their interest rates without informing their customers.
She added that a lot of people were not familiar with the small print that featured in the contracts.
The lawmaker also explained that the ombudsman will have the opportunity to negotiate with different banks better terms for certain types of businesses.
In her words, the ombudsman will function as a mediator between the bank and the entrepreneur.
Yordanova pointed to some other measures against administrative burden and corruption, such as allowing for speedier launching of businesses and Value Added Tax (VAT) registration.
Other measures foresee cutting the administrative burden pertaining to construction works and renovation of buildings.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In April, inflation across the European Union remained steady, with both the EU and the Eurozone recording a rate of 2.6% and 2.4%, respectively, according to data from Eurostat, the official statistics agency of the EU
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year
According to Levon Hampartzoumian, the likelihood of Bulgaria joining the Eurozone in 2025 is very slim, as no country has ever entered during the middle of the year
Sofia Airport's Terminal 3 Construction Set to Begin in Early 2026
COVID-19 Impact: Bulgaria's Grim Milestone as Highest Death Rate in EU