Bulgaria Advances Eurozone Integration with Instant Payment System
The process of introducing the euro in Bulgaria is advancing, with the implementation of the Eurosystem’s TIPS (Target Instant Payment Settlement) service playing a central role
Bulgarian lawmakers made significant strides with the second reading of constitutional amendments, endorsing a pivotal change in the process of appointing and dismissing the Prosecutor General. Under the new provisions, the President will appoint and dismiss the Prosecutor General on the recommendation of a Supreme Prosecutorial Council (SPC) for a single five-year term, marking a departure from re-election possibilities.
The revised texts outline that three members of the Supreme Judicial Council (SJC) and the Justice Minister can propose candidates for the Prosecutor General's position. The President's decree must be issued within seven days, or else the SJC's decision will be officially enacted. Notably, the President is not permitted to refuse the appointment and dismissal upon a renewed proposal.
Parliament also voted on empowering the SPC to handle the appointment, promotion, demotion, transfer, and dismissal of prosecutors and investigators, while judges' decisions will fall under the jurisdiction of the SJC.
Additionally, the amendments detail that the Presidents of the Supreme Court of Cassation (SCC) and the Supreme Administrative Court (SAC) will be appointed and dismissed by the head of State, based on the Supreme Judicial Council's proposal, without eligibility for re-election.
The composition of the revamped Supreme Judicial Council and Supreme Prosecutorial Council will consist of members appointed directly by judges, the National Assembly, and the Presidents of the SCC and SAC. Notably, the newly elected members of these councils cannot serve immediately after their term's expiration.
Moreover, the newly appointed council members must meet stringent criteria, including a minimum 15 years of professional experience, independence, and neutrality from any party affiliations. The National Assembly's approval for these appointments requires a two-thirds majority, ensuring a robust selection process.
The U.S. Department of Homeland Security (DHS), through Homeland Security Investigations, has provided Bulgaria’s Ministry of the Interior with advanced equipment aimed at bolstering the country’s border security
This morning, the United States Army carried out its scheduled transfer of forces at the Novo Selo Training Area (NSTA)
In recent months, Bulgarian politics have been marked by tension and instability, fueled by the deepening rifts between key political figures and parties
Bulgaria has decided to provide additional military aid to Ukraine, as confirmed by the latest meeting of the caretaker government led by Dimitar Glavchev
Caretaker Prime Minister Dimitar Glavchev has announced a request to the Ministry of Finance to ensure that defense spending exceeds 2% of Bulgaria’s gross domestic product (GDP)
Caretaker Prime Minister Dimitar Glavchev emphasized that the adoption of the national budget remains a top priority for Bulgaria
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