State Consolidation Company

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STATE CONSOLIDATION COMPANY

Bulgaria’s PM Criticized the Caretaker Government for a Series of Problems including Missing Funds

From the delay of reforms under the European plan for recovery and sustainability, through the organization for helicopters and emergency air assistance, the takeover of the Plovdiv fair by the businessman Georgi Gergov, problems in the State Consolidation Company and the repairs of dams, to an unfavorable contract with the Turkish "Botas" for gas supplies.

Bulgaria: The Ministry of Economy will Unblock Arms Exports for BGN 1 Billion

The Ministry of Economy will unblock arms exports for BGN 1 billion (EUR 510,648,536). This was announced by the caretaker minister, Nikola Stoyanov, at a press conference.

According to him, the arms industry is currently "on its knees" due to delays in export approvals. The previous minister, Kornelia Ninova, did not convene a committee to approve eligible export requests.

"We Continue the Change": We want one of our Representatives in Each Ministry

The "We Continue the Change" alliance, whose mandate is likely to form a government along with three other formations, wants to have its own man in each ministry. Their task will be to monitor the work of each department, Daniel Lorer told BTV today, who is reported to be the Minister of Innovation and Growth.

Caretaker Economy Minister Found Multiple Violations during Inspection of Dams

Caretaker Economy Minister Kiril Petkov told reporters on Monday he would seek an explanation from the State Consolidation Company (SCC) why three dams were still not in operation six months after repairs. He talked of mismanagement and inflated prices after inspecting three of the ten dams whose repairs have been completed.

The Criteria for the Potential Dangers of Bulgarian Dams will be Clear Within Two Weeks

The Bulgarian Government has appointed an interdepartmental commission to determine the criteria for classifying dams according to the degree of potential danger. It will have 14 days to develop the classifier of water basins according to how much they threaten the population, the Council of Ministers decided at its meeting on Wednesday.

Bulgarian President: The Olympic and Commercial Register Cases go Deeper than Suggested

Sofia. The cases of Olympic and the commercial register have a much deeper dimension than suggested, President Rumen Radev told reporters with regard to the bankrupt insurer and the disrupted access to Bulgaria's commercial register, Focus News Agency reports.

Bulgarian Ex-FinMin to Be Formally Indcited on Wednesday

Former Finance Minister Simeon Djankov has contacted the prosecution after reports he is facing an indictment over the sale of state-owned assets in an energy company in 2011, authorities say.

Djankov is to appear in the investigative unit of the Sofia City Prosecutor's Office later on Wednesday, the Chief Prosecutor's Spokesperson Rumyana Arnaudova has told NOVA TV broadcaster.