The European Commission has presented its specific recommendations for the economic policies of member states, including Bulgaria, within European Semester 2017. It is expected that Sofia will respect the Stability and Growth Pact both in 2017 and in 2018, which sends a positive signal to investors.
In order to achieve sustainable economic growth and to improve the standard of living of Bulgarian citizens, Bulgaria is urged to accelerate its structural reform program. The EC takes note of the progress made in strengthening the banking system, but believes that more work is needed to overcome the remaining weaknesses in the financial sector, such as the high level of bad loans.
According to the EC, improving tax collection and compliance with tax legislation, as well as reducing the size of grey economy are measures that can increase the attractiveness of the Bulgarian economy and its credibility.
More than two years ago, Russia’s Gazprom Export suspended gas deliveries under the contract with Bulgaria’s Bulgargaz. Russia suspends natural gas supplies to Bulgaria After a two year’s delay, the new management of the state company..
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Today, Sofia will host a large-scale forum of the technology giant Google. It will be opened by caretaker Minister of Education and Science Professor Galin Tsokov, the Ministry of Education announced. Google DeepMind Vice President Slav Petrov is also..
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Slovakia's Prime Minister Robert Fico was shot this afternoon after a government meeting in the town of Handlova, about 180 km from Bratislava. A post..
More than two years ago, Russia’s Gazprom Export suspended gas deliveries under the contract with Bulgaria’s Bulgargaz. Russia suspends natural..
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