Bulgaria Lags in Absorbing EU Funds, Risking Losses and Growing Debt
Bulgaria is falling behind in its utilization of European Union funds
Russia on Thursday banned food imports from the EU, US, Australia, Canada and Norway in response to Western sanctions imposed over Moscow’s support for Ukrainian rebels.
Russia's Prime Minister Dmitry Medvedev told a cabinet meeting the ban was effective immediately and would last for one year. Russia's President Vladimir Putin signed the respective decree on Wednesday.
According to RIA, the import ban includes fresh, chilled and refrigerated beef and pork, poultry meat, salted, pickled, dried and smoked meat, fish, milk and dairy products, vegetables, fruits and nuts.
According to the coverage of the news in Wall Street Journal, ”the food ban would hit farmers in Eastern Europe, but would have little impact on the EU's overall economy.”
The negative impact of the ban on Bulgarian food exports to Russia was not immediately clear. According to data from the Bulgarian statistics office NSI, Russia is ninth on the list of Bulgarian export destinations with medicines having the largest share in deliveries to Russia.
Eighth on that list are Bulgarian wine exports. Bulgaria also exports dairy and meat products to Russia.
According to European Commission data, Russia absorbs 30% of all EU fruit exports and over 20% of vegetable exports, ITAR-TASS news agency reported earlier. The EU's food exports to Russia totalled USD 7.4 B last year.
According to data from a recent survey conducted by the Sociological Agency "Myara," 37.4% of adult Bulgarians support the formula of the newly formed government
GERB leader Boyko Borissov addressed reporters in parliament, highlighting the recent efforts in coalition negotiations that led to the formation of a fifth government
The political parties "Movement 21" and "Bulgarian Spring" have announced their decision to leave the Bulgarian Socialist Party ("BSP - United Left") coalition
Boyko Borissov expressed confidence in the longevity of the Zhelyazkov government
Delyan Peevski, leader of the DPS-New Beginning, addressed the media following the approval of the Zhelyazkov cabinet in parliament
The National Assembly has approved the new government in Bulgaria, led by Prime Minister Rosen Zhelyazkov, after a vote that resulted in 125 deputies supporting the cabinet and 114 voting against i
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