On Wednesday, all hopes that the BSP could form a cabinet with the third mandate evaporated as There is such a people (TISP) met socialist leader Kornelia Ninova for a five-minute meeting, telling her they would not back a cabinet nominated by her party. The national council of the party will convene tomorrow to decide when to return the unfulfilled mandate to President Rumen Radev, who will then dissolve Parliament and choose a date for this year's third round of parliamentary elections.
National Assembly to vote on date for Presidential elections, likely 14 November
After a meeting of faction leaders of the six parties in the National Assembly today, Parliament head Iva Miteva (TISP) announced that tomorrow MPs would vote whether to approve holding Presidential elections on Sunday, 14 November. If this is approved, it would mean that a potential runoff would take place the following Sunday - 21 November, which is the last possible date for Presidential elections under the Constitution. After that, President Radev will have to decide whether to stage the parliamentary vote for the same day and thus trigger the first "2 in 1" elections in Bulgarian history, or select an earlier date.
Bank profits reach 400 mln euro in first seven months of 2021
This is a 35 percent increase in profits compared to the same period of 2020, Capital weekly reports. Compared to the booming pre-crisis year of 2019, however, it marks a drop of about 100 million euro. The increased earnings come from a growing credit portfolio, increase in income from taxes on operations and a decrease of guaranteed schemes' contributions and lower impairment charges. Overall banking assets reached a record-high 65 billion euro after a 1 billion euro increase.
Budget surplus at the end of August reaches 442 million euro: Finance Ministry
This marks a 100 million euro increase compared to a month earlier and comes mostly from an 18 percent increase in tax revenue, the institution says. As of August, the revenues in the consolidated budget reached 16 billion euro, which is 70.5 percent of the annual planned target. They are up 2.3 billion euro, or 16.8 percent more than last year, but this is partly due to the one-time injections of 300 million euro payment from the concession of Sofia Airport. At the same time, expenditures reached 16.3 billion (or just over 62 percent of the annual plan). They are almost 2.75 billion, or 20 percent higher than reported in August of 2020.