Bulgarians Urged to Watch Exchange Rate Amid Euro Adoption and Loan Concerns
The adoption of the euro in Bulgaria is not expected to cause fast loans to become more expensive
Minister of Economy Emil Karanikolov opened the International Economic Forum of the Bulgarian Development Bank (BBR) "Roads for Partnerships". This year, it coincides with the 20th anniversary of the bank's founding. The conduct of the conference is part of BBR's active position in international financial cooperation. The Bulgarian Development Bank is the best positioned bank in the country to attract funds from international partners. During the opening, Minister Karanikolov emphasized that in 2018 BBR achieved the best financial results for the past two decades of its founding.
In his words, for the first time, the book value and the assets of the joint-stock company exceeded BGN 3 billion, increasing by 22% compared to the end of 2017. "A significant increase in profit was reported for 2018. New loans for businesses amounted to almost 400 million leva, which is more than three times more than in 2017, "the minister said. Within the forum, the Minister of Economy recalled that a Fund for Capital Investments was established at the end of last year.
He emphasized that this year's focus of the discussions is the prospects for the implementation of the new European program InvestEU, which is the extension of the Juncker Plan. Minister Karanikolov pointed out that it will encourage the investment activity and the modernization of the European economy in the next programming period.
Borislav Sarafov will continue to serve as acting Prosecutor General beyond July 21, despite the expiration of the six-month legal term for temporary appointments to the top posts in the judiciary
The investigation targeting Varna Mayor Blagomir Kotsev was condemned as politically motivated during a press conference held today in the coastal city
Kostadin Kostadinov, leader of "Revival", and Ivelin Mihaylov from "Greatness" both suggested that MP Delyan Peevski - who is under US "Magnitsky" sanctions - played a role in the recent arrest of Varna mayor Blagomir Kotsev
From the floor of the National Assembly, GERB MP Toma Bykov delivered a formal declaration on behalf of his parliamentary group, welcoming Bulgaria’s upcoming accession to the eurozone
Speaking from the rostrum of the National Assembly, “Revival” party leader Kostadin Kostadinov delivered a sharply critical speech in response to the European Parliament and the European Commission
Varna Mayor Blagomir Kotsev was detained by police late Tuesday night following actions connected to an investigation
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