Radev hands first mandate to GERB
Neurosurgeon Nikolay Gabrovski is GERB's nomination to be prime minister. This became clear on Monday after President Rumen Radev handed over the first mandate to form a government to GERB, the winner of the last election. Gabrovski, a relatively unknown quantity, has not played any role in politics to date.
The party will have one week to propose a cabinet which must be presented to President Radev and then approved by the National Assembly. In the span of a week, GERB will make a last attempt to seek support from the other parties in the parliament. So far, WCC, Democratic Bulgaria, BSP and Vazrazhdane have stated that they will not back GERB.
Tensions grow over Dutch threat to block Bulgaria's Schengen entry
The government is ready for retaliatory measures if the Netherlands and Austria impose a veto on Bulgaria's Schengen integration, acting Prime Minister Galab Donev said.
The Dutch government decided on Friday that it will allow Romania and Croatia to join the Schengen area. But it also said it would block Bulgaria's entry because it believes it has not met the necessary criteria. In Austria, the ruling coalition appears fractured on the issue.
President Radev criticized the Dutch government's decision over the weekend, branding it "disgraceful".
ESG directive is officially adopted by the EC
Brussels has officially approved the new directive on the disclosure of non-financial information. This is the first legislative step for the introduction of sustainable legislation within the European Union as part of its Corporate Sustainability Reporting Directive
In 18 months, it will oblige nearly 50,000 European companies, including 500 of the biggest Bulgarian ones, to report their non-financial information on their environmental, social and corporate sustainable practices, known as ESG. It will replace the old and ill-functioning Non-Financial Reporting Directive (NFRD).