Borissov Loses Patience: Political Bargaining Over Key Positions and Budget 2025
"Everyone wants positions – in regulatory bodies and ministries," he emphasized.
Surplus money registered in the current account balance for the first half of 2016 will be invested into regions that are less developed economically, Bulgaria's Prime Minister Boyko Borisov said on Saturday.
He made the announcement while meeting mayors from three northeastern Bulgarian regions.
He added some projects that are "vital for mayors and the improvement of lives of people" would be funded by the surplus.
Borisov said the northwestern area of the country (which is the EU's poorest region), the so-called "mixed regions" (much of southern and northeastern Bulgaria) and Hemus motorway would be funded as a priority.
The construction of Hemus was marked by scandals related to its tender procedure.
But the motorway is crucial for the development of Bulgaria's north which lags behind the south in terms of economy and infrastructure.
A significant portion of Bulgarians' savings is already held in euros, signaling the country's readiness for the currency switch, even before its official adoption
Inflation in Bulgaria is projected to rise ahead of the country’s euro adoption
The Bulgarian National Bank (BNB) has announced that it will stop publishing the key interest rate following the country's adoption of the euro
Iliya Lingorski, a member of the Bulgarian National Bank's (BNB) Governing Board, highlighted the significant logistical challenges of adopting the euro in Bulgaria
The Bulgarian National Bank (BNB) has clarified the procedural changes that will take effect with the adoption of the euro as Bulgaria’s official currency.
During the one-month transition period after Bulgaria adopts the euro, ATMs across the country will distribute only euro banknotes
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