Debt Dispute In A Bulgarian Village Ends in Tragic Murder Over 42 BGN
A horrifying incident unfolded in the quiet village of Yudelnik, near Ruse, as a dispute over a mere 42 BGN (21 EUR) culminated in a fatal outcome
Bulgaria's Finance Minister, Simeon Djankov, and his Zambian counterpart, Situmbeko Mosokotwane, signed an agreement waiving USD 6.3 M or 77% of Zambian debt, which has not been serviced in the past 20 years.
The USD 6.3 M will be used as development aid.
The remainder of Zambia's debt – a total of USD1.886 M will be paid in four installments within one year, the Sofia-based cabinet said in February, when the decision for the debt remission was taken.
Should the Zambian government fail to fulfill its obligation under the agreement, it will be obliged to pay the debt in full in one installment in the framework of sixty days.
Zambia's USD 8.2 M debt piled up during the communist regime in Bulgaria, which collapsed in 1989, in return for arms, construction of roads and factories and technical aid.
During the years of the communist regime the debts of countries from the so called "Third World" to Bulgaria were kept secret.
When they were revealed to the public, it turned out that the international financial institutions have already drawn up a plan for them to be waived.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a testament to enduring friendship, this year marks the 75th anniversary of the establishment of diplomatic relations between Bulgaria and China
Italy has thrown its weight behind Bulgaria's bid for full-fledged membership in the Schengen area, affirming its steadfast support during Italian President Sergio Mattarella's two-day visit to Bulgaria
In a strategic move aimed at reinforcing Bulgaria's commitment to its European aspirations and tackling corruption, outgoing Prime Minister Nikolai Denkov held a crucial meeting with EU, Ukrainian, US, and British ambassadors
In a statement that underscores the United States' keen interest in Bulgaria's political landscape, US Ambassador Kenneth Merten expressed disappointment at the failure of negotiations to form a government in the country
Nathaniel Copsey has been appointed as the new British Ambassador to the Republic of Bulgaria, succeeding Rob Dixon, announced the British Embassy
Bulgarian President Rumen Radev engaged in a telephone conversation with Indian President Droupadi Murmu, expressing heartfelt gratitude on behalf of Bulgaria
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022