Bulgaria

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LIVE: Bulgarian Parliament Votes on GERB's Proposed Cabinet (UPDATED)

The National Assembly is currently discussing and voting on the proposed cabinet by GERB, led by Prime Minister candidate Rosen Zhelyazkov. According to the Constitution, laws and other acts must be adopted with a majority of more than half of the present representatives. With 240 deputies registered, 121 "yes" votes are required to elect the prime minister proposed by GERB.

Bulgaria Joins High-Income Nations for the First Time, Says World Bank

For the first time, Bulgaria has been classified among the countries with high national income according to the World Bank's classification, as reported by bTV. The World Bank Group categorizes the world's economies into four income groups: low, lower-middle, upper-middle, and high.

Bulgarian Businesses Trapped in Rising Wages and Low Productivity

Bulgarian businesses are facing a critical juncture as they grapple with escalating wages amidst persistently low productivity, prompting calls for substantial reforms in the labor market and education system to bolster competitiveness. Economists at the Ministry of Finance's Council for Economic Analysis recently highlighted these challenges during their annual conference.

Bulgaria's DPS Party in Turmoil: Peevski vs. Dogan Leadership Clash

Delyan Peevski, leader of Bulgaria's Movement for Rights and Freedoms (DPS), stated on the sidelines of parliament that he intends to honor the will of the people amid political tensions within his party. He emphasized his responsibility solely to the DPS electorate and cited adherence to the party's statutes, which he manages as chairman.

Bulgaria's President: North Macedonia Ignorant of International Law!

President Rumen Radev commented on the suggestion by Prime Minister Hristijan Mickoski of the Republic of North Macedonia to renegotiate the Friendship and Good Neighbor Agreement with Bulgaria, emphasizing that international treaties must be respected by all successive governments once signed.

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