Bulgaria's Customs Agency Director Targeted in Anti-Corruption Operation
Earlier today, the director of Bulgaria's Customs Agency, Petya Bankova, has found herself at the center of an anti-corruption operation
Bulgaria’s Prime Minister Boyko Borisov has claimed that anti-smuggling measures have generated over BGN 2 B in budget revenue since the beginning of 2015.
Speaking at the opening of a wastewater treatment plant in the southern town of Rakovski on Sunday, Borisov informed that the proceeds generated by anti-smuggling activities went to the construction of EU-funded wastewater treatment plants.
Bulgaria’s Prime Minister made clear that the wastewater treatment facility had absorbed nearly BGN 58 M.
Borisov, as cited by the Focus news agency, said that the trust between EU institutions and Bulgarian agencies and ministries was gradually deepening.
He predicted that Bulgaria would achieve an EU funds absorption rate of over 93-94% by end-2015.
Borisov noted that the receipts from the fight against smuggling had gone to producers of tobacco (BGN 107 M) and to long overdue asphalt repairs of streets (BGN 300-400 M).
He pointed out that the extra budget revenue was used to co-finance EU-funded projects in all Bulgarian municipalities, adding that this allowed the government to preserve the new debt in the fiscal reserve, thereby backing the currency board, which acted as a guarantee to foreign investors.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022