Bulgaria Grapples with Soaring Corruption Rates: New Report Reveals Shocking Data
Corruption in Bulgaria has soared to its third highest peak in history, according to a recent report by the Center for the Study of Democracy
Bulgaria will launch a new tender for the construction of lots 1 and 2 of Hemus motorway, with the sections to be financed by the government budget rather than EU funds.
This was announced by Bulgarian Regional Minister Lilyana Pavlova in an interview for private NOVA TV on Tuesday.
The news comes after Prime Minister Boyko Borisov ordered the termination of the tender for the construction of the two lots on Monday.
Pavlova said that by terminating the tender, the government wanted to make clear that it is free of dependencies and is working professionally.
The regional minister said that the construction of the lots will be financed by revenues collected from the effective fight against contraband.
Pavlova added that there will be changes to the selection process of the contractors with a new public procurement procedure to be announced and the funds to be provided from the government budget.
Both the prime minister and the regional minister were firm that the current procedure was completely lawful.
Borisov said that there was need for greater transparency which will leave no doubts that the contractors had won the tender due to their closeness to certain political and business figures and circles.
The new tender will be launched once the current procedure is completely terminated.
Media reports linked the two winning contractors to controversial MP and media mogul Delyan Peevski and Valentin Zlatev, the head of Lukoil Bulgaria.
The two lots have a total length of 60 kilometres, with their estimated cost being BGN 800 M.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Amidst discussions about Bulgaria's journey towards joining the Eurozone, Deputy Governor of the Bulgarian National Bank (BNB), Petar Chobanov, highlighted the robustness of Bulgaria's banking system, stating it aligns closely with Eurozone standards
Bansko, Bulgaria's premier mountain resort, experienced a surge in winter tourism, with more than 190,000 visitors flocking to its slopes during the season
In a recent interview with BTA, Kristalina Georgieva, Managing Director of the IMF, emphasized the importance for Bulgaria to seize the opportunity to adopt the euro, stressing that it is achievable with the right political will
In its latest macroeconomic forecast released on Tuesday, the Bulgarian National Bank (BNB) anticipates a 2.2% increase in Bulgaria's Gross Domestic Product (GDP) for the year 2024, compared to 1.8% in 2023
As Bulgaria inches closer to potential entry into the Eurozone, a closer examination of the nation's banknote circulation provides valuable insights into its monetary landscape
Vasil Velev, Chair of the Bulgarian Industrial Capital Association (BICA), delivered a stark assessment of the European Union's (EU) economic performance, highlighting concerns over its lackluster growth compared to global counterparts
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022