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Category: Blog

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US Citibank Proposes to Co-fund Bulgarian Businesses on EU Projects

The US Citibank plans an extension of its activity in Bulgaria and support for Bulgarian business through co-financing of projects under the EU programmes. This became clear following a meeting …

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Bulgaria Penal Code Includes Tough Measures against Insurance Infringement

Newly-adopted amendments to the Penal Code are now enforcing harsh measures targeting concealment of social insurance contributions. Among the heaviest penalties are imprisonment from two to eight years and confiscation …

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Parliament Passes Pension Insurance Changes amid Bitter Disputes

Bulgarian lawmakers have narrowly approved changes to the pension system comprising various aspects of pension insurance. Legislative amendments were passed with the votes of the main ruling party Citizens for …

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Bulgaria Remains under EU Monitoring over Macroeconomic Imbalances

Bulgaria is one of the sixteen countries subject to EU monitoring over macroeconomic imbalances, the EU Commission’s Alert Mechanism Report 2015 shows. The commission underscores some of Bulgaria’s most urgent …

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