Parliament obliged the Finance Minister to report by April 30 on the state of Bulgaria’s customs. The report should include the measures recommended by Britain’s company Crown Agents in its recent analysis. The report should also be submitted to the authoritative bodies within the European Union and the World Bank. Parliament debated the controversial contract of Bulgaria’s Agency Customs with Britain’s Crown Agents at a closed parliamentary session. In the end of 2001, Finance Minister Velchev signed an agreement with Britain’s company Crown Agents to reform Bulgaria’s customs. The debates were requested last week by MPs of “Coalition for Bulgaria.” MPs from the leftist party declared that they demand that the contract was cancelled since further execution would lead to huge financial damages for the country and will hamper Bulgaria’s negotiations with EU on Chapter 25 – Customs Union. The MPs overruled the proposal of the rightist United Democratic Forces to make public the Crown Agents contract. The proposal of “Coalition of Bulgaria” to terminate the contract was also overruled.
Acting Energy Minister Traycho Traykov said Bulgaria should not tap into its 90-day fuel reserves to ease prices, stressing that they must remain a safeguard in case of an actual supply disruption
Bulgaria has secured a six-month extension of the Lukoil waiver, following a decision by the US Treasury Department’s Office of Foreign Assets Control (OFAC)
The Bulgarian National Bank (BNB) has decided to increase the countercyclical capital buffer to 2.25%, in a move aimed at easing pressure on the rapidly growing housing credit market and strengthening the resilience of the banking system.
Energy expert Boyan Rashev has warned that Europe could be moving toward what he described as an “energy lockdown” scenario if fuel supply pressures continue to worsen
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
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