Send to Kindle
Bulgarian PM Plamen Oresharski. Photo by BGNES
Foreign investments in Bulgaria are growing, inspite of ongoing political instability, according to an assessment by the Bulgarian cabinet.
Thursday cabinet members, including PM Plamen Oresharski, presented key features of the government's economic program at a forum in Sheraton Hotel in Sofia.
"Within months, businesses will feel a considerable improvement in working conditions due to a substantial decrease in administrative burden," said Oresharski.
"We have envisioned serious policies for cutting down contraband channels and VAT evasion," added he.
The Bulgarian PM also stressed the current cabinet's committment to stop the previous administration's tactic to delay payments of arrears to businesses.
At the same time, Oresharski admitted that "political risk" remains a negative factor for Bulgaria, which might not be significantly mitigated in the near future.
However, according to Deputy Minister of Economy Krasin Dimitrov foreign investors have been showing an increased interest in Bulgaria in spite of that risk.
Thursday's political forum took place against the backdrop of recently intensified street protests requesting the resignation of the Oresharski cabinet, which was only voted in end of May.
Protesters have objected to a number of allegeldy questioinable appointment, as well as a general lack of integrity in Bulgarian politics.
Thursday the Bulgarian parliament passed at first reading the draft state budget for 2014.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
In a dramatic turn of events in the Bulgarian Parliament, the resignation of Stanimir Mihailov, the manager of the National Health Insurance Fund (NHIF), was unexpectedly accepted
Kiril Vatev, Bulgaria's Minister of Agriculture, has tendered his resignation
In a recent decision made during an extraordinary budget and finance committee meeting, deputies opted to grant a BGN 100 supplement for Easter solely to pensioners whose pensions fall below the poverty line
The new acting finance minister, Lyudmila Petkova, unveiled the budget for the upcoming elections, which amounts to BGN 100 million
A protest unfolded in front of the Interior Ministry headquarters in Sofia on Monday, as citizens demanded the resignation of outgoing Interior Minister Kalin Stoyanov
Zhivko Kotsev, the Chief Secretary of the Ministry of Internal Affairs, has announced the withdrawal of his resignation, which was provoked and submitted under enormous psychological and moral pressure
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
In a bid to enhance its energy security and diversify its gas supply sources, Bulgargaz is gearing up for the first deliveries of liquefied gas through the Alexandroupolis terminal, set to commence in May
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
