Latest News from Bulgaria

BNR: Bulgarian Business Keeps Positive Economic Outlook

In October, economic confidence in the EU plummeted to a six-year low while the same index of the European Commission for Bulgaria has been rising. The EU's economic confidence index declined in October to 99.0 points from 99.9 points in September, BNR reported.

Bulgaria’s Parliament Accepts the Resignations of Liliyana Pavlova and Volen Siderov

Bulgaria's Parliament approved the resignations of Liliyana Pavlova and Volen Siderov as MPs.

On 5 June 2019 Pavlova submitted her resignation because the Cabinet nominated her to become a vice-president of the European Investment Bank, because of her valuable experience in financial and project management, as well as cooperation with European institutions.

Greece also Enters the Race for the Volkswagen Plant

Greece is also interested in the Volkswagen car factory being built on its territory.

This was stated by the Greek Economy Minister, quoted by the leading German business publication Handelsblatt.

About 28.7% of EU Residents Are at Risk of Poverty or Social Exclusion

In 2018, about 28.7% of the EU population with a disability (aged 16 or over) was at risk of poverty or social exclusion, compared with 19.2% of those with no limitation, Eurostat data show.

There are significant differences across Member States, yet in all of them people with a disability are more exposed to the risk of poverty and social exclusion than those with none.

Telenor owner acquires regional TV network for € 1.9 billion

CME is the owner of Slovenian TV stations Pop TV and Channel A, with an investment worth almost € 1.9 billion.
The deal is expected to take months to be implemented, as the takeover must be approved by CME shareholders, as well as by the European Commission and certain national regulatory authorities, writes Investitor.me.

The Government Expects a BGN 1,600 Average Salary in Three Years

The average salary in Bulgaria is expected to reach about BGN 1500 in 2021, when the term of the Borissov 3 government office expires. This is recorded in the updated mid-term budget forecast, which is the motive for the draft budget for next year, which was released by the Ministry of Finance late Friday.

Second Large Wild Fire in Rila Mountains

Another big wild fire broke out in Bulgaria's Rila Mountains. The fire started in a pine forest around 2:30 pm on October 28 above the village of Gorno Kraishte in Belitsa municipality. Dense black smoke rises above the forest, and large flames can be seen. Several firefighting teams are on site, BNT reported.

Bulgaria deports Russian envoy over spying allegations

A Russian diplomat serving in Bulgaria's capital Sofia has been deported for collecting classified information for over a year, prosecutors in Sofia said on Oct. 28.

Russia Pulls Diplomat Suspected of Spying in Bulgaria

The Bulgarian Foreign Ministry announced on Monday that Russia has withdrawn a member of its diplomatic corps in Sofia after the Bulgarian State Prosecution announced earlier that day that it was investigating him or her for spying.

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