Central Bank Chief: Euro Adoption Successful, Growth Steady, Inflation Easing in Bulgaria
Bulgarian National Bank Governor Dimitar Radev took part in a meeting of EU Heads of Mission held under the European Presidency of the Republic of Cyprus
Photo by BGNES
Lawmakers have decided to postpone discussions on budget act amendments proposed by the government, MPs say.
The changes to the 2014 fiscal plan were due to be debated Thursday, but are not included into the agenda as the main ruling Bulgarian Socialist Party (BSP) has announced it opposes them.
No session was held in Parliament on that day as MPs failed to reach quorum.
BSP representatives say they accept financial measures agree to safeguard customers' deposits at the Corporate Commercial Bank (KTB), Bulgaria's fourth-largest lender which the central bank BNB intends to close down but to protect savings below BGN 100 000 by transferring them to its subsidiary Credit Agricole Bulgaria.
Socialist lawmaker Dimitar Gorov, however, explained other proposals made at Wednesday's session of the Council of Ministers "did not reflect the position of the BSP and will not be supported".
After the ministerial meeting Finance Minister Petar Chobanov announced the 2014's budget's income statement should be amended as the treasury has collected less revenues than what was projected initially.
Chobanov also proposed that the healthcare system be granted another BGN 225 M (EUR 122.5 M), with the funds envisaged to partly cover the deficit of the National Health Insurance Fund (NZOK).
The fund had long reiterated warnings its money were ending and it would not be able to make payments after September 1 this year.
Commenting on Chobanov's declaration that the income statement could not be fulfilled, Gorov described it as being "not a financial one, but in the area of guessing".
Center-right opposition GERB called the position of socialist lawmakers "a pre-election move".
GERB leader Boyko Borissov reacted to the fall of the Zhelyazkov government during a live broadcast on his official Facebook page, following the mass protests across the country.
The government is making a second clumsy attempt to introduce the state budget.
People with disabilities in Bulgaria face the most severe difficulties in the entire European Union, alongside Greece
The current patient fee for a medical consultation has lost its purpose and no longer serves its intended functions, according to Bulgarian Medical Association (BMA) chairman Dr.
Brussels has unofficially warned Bulgaria’s Finance Minister Temenuzhka Petkova that the country’s euro adoption process could be suspended, according to BGNES, citing Nova TV.
"Everyone wants positions – in regulatory bodies and ministries," he emphasized.
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