With the implementation of Balkan Stream, Bulgaria turns into a regional strategic gas distribution centre and guarantees diversification of natural gas supplies. The project is entering its final phase. This was posted by Prime Minister Boyko Borissov on Facebook. Before that, he inspected the construction site of Balkan Stream from air, via a government helicopter.
Bulgaria’s transport ministry signed on Wednesday a deal with a consortium led by asset manager Meridiam to run and operate Sofia Airport, the Balkan country’s main air transport hub, for 35 years, the government said.
Bulgarian Prime Minister Boyko Borissov and Serbia’s President Aleksandar Vucic inspected the Balkan Stream gas pipeline in its Letnitsa section on Monday. “What I know is that there are no wars where there are gas pipelines,” PM Borissov said. He underscored the fact that Balkan Stream is planned to transit natural gas from different sources, which will contribute to diversifying supplies for the region.
Bulgaria may enter ERM II, the so-called “waiting room of the Eurozone”, in July as long as it meets one last condition, Valdis Dombrovskis, Executive Vice-President of the European Commission, told Bulgarian National Radio.
Small enterprises with at least 20% dip in revenue will be eligible to apply for a piece of the BGN 173m grant funding that is being provided by the EU. The money will be enough for about 20,000 businesses, while the government will seek another BGN 200-300m in support for medium-sized enterprises. The news came from Prime Minister Boyko Borissov after the European Council meeting on tackling the COVID-19 pandemic held via videoconferencing.
Minister of Finance Vladislav Goranov presented the measures that are being taken in support of businesses and citizens at a briefing held at the Council of Ministers headquarters. The eight economic instruments devised by the government will be providing a total of BGN 4.5bn to help businesses, the self-employed, and people who have been forced to take unpaid leave because of the coronavirus crisis.
Before the end of the week Bulgaria will send the documents needed to apply for membership of the European Exchange Rate Mechanism, ERM 2. This became clear from the words of Prime Minister Boyko Borissov during a briefing at the Council of Ministers dedicated to the package of financial measures aimed at coping with the economic consequences of the coronavirus epidemic. He stressed that until this moment Bulgaria has not drawn a loan.
Bulgaria will not give up on its announced plans for entering the Eurozone waiting room. If we enter the waiting room now we will be able to use European aid for overcoming the crisis. This became clear from a statement of Prime Minister Boyko Borissov. He was adamant that the budget deficit will not prevent Bulgaria from applying for Eurozone accession.