The initial teacher’s salary from January becomes BGN 1,260, announced today the Minister of Education Krassimir Valchev, quoted by BNT. However, work must also be done to increase […]
Month: October 2020
More Than Half Of The Assets Of Insurance Companies Are Abroad
Insurance companies have taken 2.3 billion euro abroad in search of higher yields for their assets. The money is being transferred mostly to EU countries, […]
Five Bulgarian Commercial Banks Go Under Direct Supervision Of ECB
Five major Bulgarian commercial banks are to go under the direct supervision of the European Central Bank as of October 1, 2020, BNR reports. This […]
Bulgaria Is Highly Dependent On Lignite For Its Energy: Eurostat
Nine Member States in the European Union produce lignite, also called ‘brown coal’, for electricity and heat production, Eurostat data show. Germany is the main producer […]
Moderate Optimism About Bulgaria-Turkey Economic Relations Against Backdrop Of COVID-19 Crisis
The Covid-19 pandemic affected the entire world economy and millions of people lost their jobs. The crisis has led to contraction of consumption, cessation of […]
Greece And Turkey To Resolve Their Disputes In Istanbul
Athens and Ankara have agreed to start the 61st round of exploratory contacts to resolve their disputes in Istanbul, Greece’s Foreign Ministry said in a brief […]
Bulgaria: EU Funds Have Led To Increased Wages, Business Investments, GDP Rise By 7.7%
EU funds have led to an increase in wages by 8.2% for the period 2014 to mid-2020. For the same period, the country’s GDP grew by […]
Bulgaria: Residents Of 22 Town Halls And 2 Municipalities Elect A Mayor
Residents of 22 town halls and 2 municipalities elect a mayor. A partial local vote will be held in the 2 municipalities and 19 mayoralties, […]
Ryanair Reduces Its Flights By Additional 20 Percent In October
The low-cost carrier Ryanair reduced its flights by an additional 20 percent in October, the company announced. The redundancies are in addition to those already announced in August and […]