Bulgaria's Tourism Struggles to Diversify Beyond Traditional Offerings
Bulgaria continues to lag behind neighboring countries in achieving significant growth in its tourism sector
In a recent interview with GERB MEP Andrey Novakov, Bulgaria's trajectory toward Schengen and Eurozone accession came under the spotlight. Novakov, expressing confidence, hinted at the possibility of securing a 2025 entry date into the land-based Schengen zone once Austria forms a new government. He emphasized that Bulgaria's commitment to Schengen entry is resolute, and he sees potential for navigating the intricacies of simultaneous entry into the Eurozone.
Novakov addressed criticisms from the opposition, dismissing concerns about border queues as temporary and assuring that they would soon dissipate. He framed the delays as a consequence of Austria's upcoming elections, where nationalist rhetoric is being leveraged for political gains. Novakov argued that Bulgaria's obligations to the EU, particularly regarding the Dublin agreement on refugees, remain unchanged.
On the topic of Eurozone entry, Novakov acknowledged that Bulgaria has fulfilled Schengen criteria but highlighted the need to reduce inflation to 2%, a prerequisite for Eurozone participation. He anticipated that tackling inflation would be a crucial task for the incoming government.
Regarding the use of EU funds, Novakov admitted that Bulgaria is at risk of losing funds due to delays in implementing the Public Administration Reform Programme (PVU). He explained that while the PVU was ready in 2020, it only started paying out in 2023, leaving a tight timeframe until the end of 2026. Novakov expressed concern about the potential loss of funds but noted that achieving over 80% utilization would still be commendable.
A group of Members of the European Parliament (MEPs) has raised urgent concerns with the European Commission regarding the ongoing detention of Saudi political activist Abdulrahman al-Khalidi in Bulgaria
Bulgarian investigative journalist Christo Grozev has been invited to speak before the European Parliament in Brussels on April 22
European Commission President Ursula von der Leyen declared that the era of a unified West is over, stating that only Europe remains as a bastion of the values traditionally associated with the Western alliance
The European Union has warned Serbia that President Aleksandar Vucic’s possible attendance at Russia’s Victory Day parade next month could jeopardize the country's EU accession process
The European Commission (EC) is reviewing legal mechanisms that would allow European energy companies to exit long-term contracts with Russian suppliers without incurring significant financial penalties
China has announced a steep increase in tariffs on U.S. imports, raising duties to 125% in response to Washington's latest trade measures
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase