Property Market Cools in Bulgaria’s Big Cities, But Rent Prices Remain Inflated
The Bulgarian property market appears to be cooling off in the major urban centers
Bulgarian President Rumen Radev has issued a decree terminating the powers and dismissing Zhivko Kotsev, the Chief Secretary of the Ministry of Internal Affairs. The announcement was made by the president's press office, marking a notable development in the country's administrative landscape.
Kotsev's dismissal follows a proposal by the caretaker government, which was put forth shortly after the transfer of power. The decision to relieve Kotsev of his duties was prompted by what the Council of Ministers described as a serious violation of the law governing the Ministry of Internal Affairs, coupled with actions that have reportedly undermined the ministry's reputation. The proposal included detailed motives behind the recommendation.
The termination of the Chief Secretary's powers is carried out through a presidential decree, as mandated by law. Pending the appointment of a new Chief Secretary, the responsibilities of the position will be assumed by the Deputy Chief Secretary.
This move signals a notable shift within Bulgaria's law enforcement apparatus and reflects the caretaker government's commitment to upholding legal standards and preserving the integrity of key institutions. It also underscores the role of the president in overseeing significant administrative changes, ensuring accountability, and maintaining the effective functioning of government departments.
As the country navigates through this administrative transition, attention will likely turn to the selection of a new Chief Secretary and the measures undertaken to address any challenges or shortcomings within the Ministry of Internal Affairs.
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