The government will pay approximately BGN 1bn (EUR 511mn) in agriculture subsidies this week, a release on the website of the ministry of finance informs. The ministry clarified that the amount will be paid from the fiscal reserve and will be reimbursed by the European Commission later on. The ministry adds that it has updated the calendar for issuing government securities in order to guarantee the stability of the fiscal reserves level. An auction for six-month T-Bills was scheduled for Feb 20 and the amount on offer was set at BGN 800mn. |
The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more
Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more
Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more