Bulgaria’s Economic Growth Outpaces Expectations, Inflation to Determine Eurozone Path
In the fourth quarter of 2024, Bulgaria's economy showed a stronger performance than anticipated
Deputy PM Warns TTIP Could Bring More Harms than Benefits to Bulgaria
- Tweet
Send to Kindle
Bulgarian Deputy Prime Minister Ivaylo Kalfin. Photo: BGNES
Bulgarian Deputy Prime Minister Ivaylo Kalfin warned on Thursday that in its current format the Transatlantic Trade and Investment Partnership (TTIP) would bring more harms than benefits to the country.
Kalfin announced this during a discussion forum on the risks posed by TTIP on Bulgarian industry, the Bulgarian National Radio (BNR) reports.
The free trade agreement is being negotiated between the European Union (EU) and the USA and aims to lift the duties and tariffs in transatlantic trade.
The negotiations on TTIP have lasted for more than two years and expectations are that these should be concluded by the end of the year.
According to Kalfin, the agreement in its current appearance should not be supported as the European Parliament has identified several shortcomings in it.
In his words, it was important for the Bulgarian government to make an assessment of the possible impact it might have on the country.
The minister pointed to the mechanism for dispute settlement and the possibility for nationalisation of companies connected with the public infrastructure as two of its most worrying components.
Kalfin stated that is was compulsory for negotiations to ensure the equal observance of labour and environmental standards.
Related Articles:
Bulgaria's Industrial Production Sees Continued Decline in Early 2025
Industrial production in Bulgaria continued to experience a downturn at the start of the year,
Vasil Levski Sofia Airport Honored with 'Best Airport' Award in Europe for 5-15 Million Passengers
"Vasil Levski" Sofia Airport has earned the prestigious title of "Best Airport in Europe with 5 to 15 million passengers" for 2024
EU Court Cracks Down on Hidden Loan Fees, Affecting Bulgaria
In a ruling on February 13, 2025, the EU Court of Justice (CJEU) addressed the issue of transparency in consumer loans, emphasizing that banks must provide clear, complete
Severe Material Deprivation Affects One in Five Pensioners in Bulgaria
In Bulgaria, one in five pensioners faces severe material deprivation
Society | March 16, 2025, Sunday // 23:00
Bulgaria's Beekeepers Face Declining Honey Production Amid Rising Hive Numbers
The number of beehives in Bulgaria is on the rise, yet honey production has seen a decline
A New Vision for Europe's Future: Security, Economy, and the EU-Türkiye Relationship
The upcoming emergency summit of European leaders on Ukraine is not just a crisis response, at the same time it is also a historic opportunity to redefine Europe's economic and political trajectory
EU is the Paper Tiger
In the 1994 Budapest Agreement, Russia, the United States, and Britain promised to secure Ukraine’s independence if Ukraine gave up its nuclear weapons
One Year Since Navalny’s Murder: Putin’s Regime Tightens Its Grip
A year has passed since Alexei Navalny, Russia’s most prominent opposition leader and anti-corruption activist, was murdered in an Arctic penal colony under Vladimir Putin’s regime
New Bulgarian Government Abandons January 1, 2026 Eurozone Entry Bid
The Bulgarian government has effectively abandoned its plan to enter the eurozone on January 1, 2026
Bulgaria Warns: Population Must Brace for Higher Taxes Amid 2025 Budget Crisis
On December 11, the Council of Ministers of Bulgaria approved the draft state budget for 2025
Bulgaria's Governance of State Enterprises Undermines OECD Membership Goals
Bulgaria has made little progress in implementing the recommendations of the Organization for Economic Cooperation and Development (OECD), despite its ambition to join the OECD and its stated intention to align with its corporate governance guidelines.
