Bulgaria

Developed European markets gain more benefits from globalisation than their emerging peers

bne IntelliNews June 18, 2018

Slovenia is the only East European country among the top 10 in terms of gains to GDP per capita due to globalisation, a study from German foundation Bertelsmann finds.

Bulgarian opposition warns FIBank could collapse as prosecutors take aim at major shareholder

Denitsa Koseva in Sofia June 14, 2018

Sofia’s decision to apply for ERM and European Banking Union membership will reveal “rotten apples” in the local banking system, Democratic Bulgaria claims.

Romania reports highest quarterly employment growth in the EU in first quarter

bne IntelliNews June 13, 2018

Eurostat figures confirm Romania is following the same path as its northern neighbours in CEE, whose labour markets have tightened dramatically.

Europe’s southeast corner sees sharp increase in airport traffic

bne IntelliNews June 13, 2018

Passenger numbers at Georgian airports soared by 30.5% and there were more modest hikes in Ukraine, Macedonia and Montenegro, ACI Europe study shows.

Bulgaria’s ruling coalition on the rocks

Denitsa Koseva in Sofia June 12, 2018

As one minister resigns and a deputy PM threatens to quit, Boyko Borissov's government which depends on the far-right United Patriots looks increasingly unlikely to make it to the next general election.

Bulgaria’s parliament votes to revive Belene project

Denitsa Koseva in Sofia June 7, 2018

Ruling party and opposition MPs united to back €10bn nuclear power plant construction despite dire warnings of lack of economic viability and scope for corruption.

COMMENT: National interests undermine dreams of unified EU energy policy

Christopher Stakhovsky in Paris June 7, 2018

Bulgaria has become a poster child for the limits of Europe’s capacity to integrate new members, especially when it comes to the European Commission’s energy priorities.

Belene project creates unholy alliance in Bulgaria

Denitsa Koseva in Sofia June 6, 2018

Ruling GERB and opposition Socialists for once united over revival of controversial nuclear power station project and u-turn towards Russia.

Domestic violence treaty rattles governments across Eastern Europe

Clare Nuttall in Bucharest with additional reporting from Denitsa Koseva in Sofia May 31, 2018

The Istanbul Convention has angered conservatives in numerous Central and East European countries, whose antipathy to “gender ideology” has led to high-level political battles as governments that have signed up to the convention attempt to ratify it.

Russia to extend Turkish Stream to Bulgaria, PM Borissov says

Denitsa Koseva in Sofia May 31, 2018

Borissov and Bulgarian President Rumen Radev have both visited Russia in recent weeks as they mount a charm offensive aimed at taking part in the new pipeline that will deliver Russian gas to Europe via Turkey.

CEE faces massive cuts in EU cohesion spending

Wojciech Kosc in Warsaw May 30, 2018

Warsaw says changes that will see Poland losing €19.5bn in EU funding in 2021-2027 are “unacceptable”, as Brussels shifts focus from GDP per capita to youth unemployment, climate and integration of migrants.

Gazprom escapes EU fine in antitrust probe over market position in CEE

Wojciech Kosc in Warsaw May 24, 2018

The Russian gas giant will not be fined for abusing its market dominance in CEE after seven-year probe, but will have to comply with EU rules ensuring a more competitive gas market in the region.

None of the CEE countries planning to adopt the euro meet required criteria, EC says

Carmen Simion in Bucharest May 24, 2018

New member states from Southeast Europe are keen to become part of the EU's core by adopting the single currency, but latest convergence report shows they still have a way to go.

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