А day after caretaker Finance Minister Rositsa Velkova announced the first projections for a record budget deficit in 2023, ex-Economy Minister Kornelia Ninova suspected the caretaker government has a plan to raise taxes and slash social spending. According to Ninova, the government is deliberately aiming to instill panic and fear among the people.
ECHR: KTB didn't have the chance to defend itself
The European Court of Human Rights (ECHR) announced in a decision today that when the license of Bulgaria's Corporate Commercial Bank (CCB, also known as KTB under its Bulgarian acronym) was revoked by the the country's central bank in 2014, the lender was not given the opportunity for a fair judicial process and adequate protection of property rights. The case was raised before the Strasbourg-based court by the former executive directors of KTB and was rooted in the fact that, despite all attempts, Bulgaria's Supreme Administrative Court did not allow either them or the bank's shareholders as interested parties to challenge the central bank's decision.
The ECHR's ruling will not resurrect the bank, but if the Bulgarian court accepts their arguments, the plaintiffs will be able to claim compensation. This is the third such case in which Bulgaria has been convicted without taking action to change its legislation on the matter.
NPP Kozloduy with new directors
As of Monday, August 29, Kozloduy nuclear power plant (NPP) officially has new management. Last week the office of President Rumen Radev decided to dismiss executive director Nasko Mihov and his deputy Alexander Nikolov without giving reasons or announcing competition for the positions and appointed Georgi Kirkov and Andrey Krasnocharov in their places, respectively.
Thus, the most profitable company in the country - with a reported profit of 1.7 billion for the first half of the year - has new directors for the first time since 2018.
The state will pay to road companies for the works on Hemus highway and Vidin - Botevgrad expressway
The government will pay road construction companies for their work on the first three lots of Hemus highway and the Vidin - Botevgrad expressway with deduction of the advance payments they have received so far, caretaker Regional Development Minister Ivan Shishkov announced.
"This is a breath of fresh air for them. And it is also a lifesaver so that they can continue to work," commented Shishkov.