Bulgaria Anticipates Meeting Eurozone Inflation Criteria by September
Bulgaria is on track to meet the inflation benchmark required for Eurozone membership by September
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
Bulgaria's planned nanotechnology center has fallen pray to the need to curb state expenditures.
The Bulgarian Finance Minister Simeon Djankov, said the state budget would save BGN 50 M from not launching the nanotechnology center as was previously planned.
The Bulgarian Finance Ministry and IBM Bulgaria signed a partnership agreement for the setting up of a nanotechnology center at the end of May 2009.
"With our lack of money, we cannot afford a nanotechnology center. We have a big problem because our state spending grew by 30% in the first half of 2009", Djankov said Wednesday adding that Bulgaria's main strategic goal was to join the Eurozone.
Djankov also announced that the much celebrated 15% decrease in the ministerial salaries that the former government approved in May 2009 did not in fact materialize since the former Ministers did receive the 15% in question in the form of bonuses.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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.
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion