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.
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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
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