World Bank group

Bulgaria in Unprecedented Situation after Georgieva's EU Commission Departure

Since January 01, Bulgaria has not been represented by its own Commissioner in the European Union's executive body, becoming the first member state with offering no successor to a departing commissioner.

Kristalina Georgieva, who was the Commission's Vice President for Budget and Human Resources, left the office as of January 01 to take over a CEO job at the World Bank Group.

Turkey's Rönesans studies Morocco, Senegal PPP projects with France's Meridiam

Turkish construction and investment firm Rönesans Holding's healthcare unit is working with French fund Meridiam on public-private partnership (PPP) investments in Morocco and Senegal, the Rönesans board chairman told Reuters on Dec. 20, also giving details about the planned financing deals for the group's city hospital projects. 

Bulgaria's EU Commissioner Nominee Must Have Broad Political Support

Bulgaria will only nominate its next European Commissioner if a candidate enjoys support from across the political spectrum, outgoing Prime Minister Boyko Borisov has said.

The commissioner should be proposed "either with huge consensus in Parliament on behalf of parliamentary parties or wait for an elected government," Borisov has told reporters.

Bulgaria Has No Deadline to Nominate New EU Commissioner, Juncker Says

There is no deadline for the nomination of the next Bulgarian commissioner, a spokesperson for EU Commission President Jean-Claude Juncker has said.

The Commission's comment follows questions related to the resignation of Georgieva and the upcoming procedure to determine the new Bulgarian commissioner.

Bulgaria's PM Dismisses Reports UN Envoy Will Be Next EU Commissioner

Bulgarian Prime Minister Boyko Borisov has refuted reports that UN Middle East Coordinator Nickolay Mladenov is to be the next European Commissioner.

"It is from you that I am hearing this from the first time," Borisov has told reporters when asked about the information, according to BGNES wire service.

President 'Not Bulgaria's EU Commissioner Nominee'

Bulgarian President Rosen Plevneliev will not be the country's nomination for European Commissioner, Prime Minister Boyko Borisov has said.

Borisov is yet to make clear who will be proposed as a successor to Kristalina Georgieva, the Bulgarian EU Commissioner who on Friday said she would leave in January to take over a CEO position at the World Bank Group.

Bulgaria's Georgieva Leaves EU Commission to Become World Bank CEO

EU Commission Vice President Kristalina Georgieva has said she is leaving the EU's executive body the take up a senior position at the World Bank.

The development is due to take effect as of January 02, 2017, Georgieva has said in a statement.

Her new appointment means Bulgaria will have to propose a successor.