Bulgaria’s Employment Strategy Struggles to Shift Focus from Temporary Subsidies to Long-Term Skills
Bulgaria’s Ministry of Labor and Social Policy released its National Employment Action Plan (NAP) for 2025 in early May,
Bulgaria’s Supreme Administrative Court has delayed until February 9 hearings on the lawsuit launched by shareholders of collapsed Corporate Commercial Bank against the revocation of the bank’s licence.
The delay announced on Monday was prompted by an earlier failure to secure proper representation of the bank, known by its Bulgarian acronym KTB, at the lawsuit filed by majority shareholder Bromak EOOD and a company controlled by Omani sovereign wealth fund.
KTB had been initially represented by administrators appointed by Bulgaria’s central bank BNB, which last month scrapped KTB’s banking licence and asked Sofia City Court to declare the lender insolvent.
Another reason for the delay, the administrative court said, was that the BNB representatives at the trial lacked proper authorization. According to the court, they should have been authorized by the BNB’s Board of Governors, which has cancelled KTB’s licence, and not by BNB’s Governor Ivan Iskrov.
The lawsuit at the Supreme Administrative Court has stalled the insolvency proceedings against KTB launched by the BNB with Sofia City Court. The insolvency lawsuit could only proceed after the Supreme Administrative Court has ruled on the appeals.
The CEO of the Sofia Commodity Exchange, Vasil Simov, dismissed speculation about any dramatic price hikes on the market
From July 1, 2025, electricity and thermal energy prices in Bulgaria are set to increase
Between 50,000 and 70,000 foreign workers may enter Bulgaria by the end of 2025 if the current pace of labor import continues
The Bulgarian online casino market has come a long way, from sudden boom, through regulation jolts, to a more recent balanced phase.
In recent weeks, Bulgaria has seen a noticeable uptick in demand for euro banknotes
The adoption of the euro in Bulgaria is not expected to cause fast loans to become more expensive
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe