On 4 May 2017 the new coalition Government led by PM Boyko Borisov was approved by Parliament. The Government comprises of more of the previous GERB-led ministers with coalition partners from the nationalists of United Patriots. Third Boyko Borisov led cabinet keeps major ministries Vladislav Goranov will again be the Minister of Finance in this… Read more
Center right GERB party won early Bulgarian parliament elections with five parties to be in the Parliament, according to preliminary elections results from voting on 26 March 2017. Ex PM Boyko Borisov’s party GERB won 32.64% of the vote, with 98.5% of the protocols counted by the Central Election Commission. GERB’s results are slightly better… Read more
President Rumen Radev will present the future caretaker government to be appointed by him on 27th January 2017. On Tuesday The Chairman of the 39th Parliament Ognyan Gerdzhikov was appointed caretaker PM. President schedules elections in March President Radev took an oath as the 5th President of Bulgaria on Jan. 19th 2017. On his first… Read more
Fitch Ratings has affirmed Bulgaria’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-‘, with Stable Outlooks. This was released by Fitch on 2nd December 2016 despite ongoing political insecurity in the country with a government in resignation. The issue ratings on Bulgaria’s senior unsecured foreign and local currency bonds have also been… Read more
Prime Minister Boyko Borisov’s Government resignation has been approved on Wednesday, Nov16th 2016, by the Parliament. The Government resigned after leading GERB party was second in last week presidential elections. Socialists-backed Rumen Radev won the elections on populist campaign. GERB candidate Tsetska Tsacheva came second which led PM Borisov to resign due to loss of… Read more
Software industry in Bulgaria continues to be one of the fastest growing sectors: revenues up 12.6% in 2014 and expected 10.5% in 2015, according to data by the Bulgarian Software Association (BASCOM). Industry revenues expected to reach almost EUR 820 m, of which EUR 550 export-driven, or 1.86% of GDP, says BASCOM report. Some 16,100… Read more
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