Extra Spending Agreed By Government Towards Accession Of OECD

The government has approved additional expenditure in 2019 to fund activities for the country’s accession to the Organisation for Economic Co-operation and Development (OECD), said the government press office. The amount is BGN 2,817,215 and will be spent on activities of 10 ministries, the National Statistical Institute and the Nuclear Regulatory Agency, in accordance with Bulgaria’s OECD Accession Roadmap adopted by Decision No 789/2017 of the Council of Ministers.

OECD membership is one of Bulgaria’s foreign policy priorities, and getting an invitation to begin negotiations is one of the government’s immediate objectives.

The Organisation for Economic Co-operation and Development was established in 1961 with the aim of promoting policies for sustainable economic growth and a rising standard of living of the population, while maintaining financial stability. Currently, the OECD is represented by 37 countries from Europe, North America, South America and Asia. The European Commission participates in the work of the organisation as an observer.

Read More

Eurohold Bulgaria’s Revenues Rise By 31%

Financial and insurance group Eurohold Bulgaria said on Tuesday its consolidated operating revenue increased by 31% year-on-year to 786.5 million levs ($450.0...

Two Bulgarian Bankers Charged With Mismanagement

Bulgarian prosecutors have charged two supervisors of bankrupt Corporate Commercial Bank (Corpbank) with alleged deliberate mismanagement, the Sofia City Court said on Friday. The court...

Ryanair Announces Restructuring After Quarterly Loss

Ryanair unveiled Monday plans for an overhaul to create four subsidiaries as the no-frills airline also revealed a third-quarter loss of 20...

Recent

Ukranians Protests After Russians Stop Gas Again

Angry Ukrainians took to the streets and blocked roads Tuesday as hundreds of thousands remain without heating at a time when temperatures are plunging...

Survey: It Is Important For Bulgarians That New Attorney General Is Not Corrupt

For Bulgarians, the most important thing is that the new chief prosecutor is not corrupt and honest, according to a study by...

Eurobank Bulgaria Receives Heads Up To Buy Piraeus Bank Bulgaria

Eurobank Bulgaria, which operates under the Postbank brand, has received clearance from the Commission for Protection of Competition to acquire a 99.9819% stake in...