EU monitoring ends
The European Commission has announced that their monitoring of Bulgaria and Romania has terminated. The decision means that both countries have reportedly made significant progress in implementing the commitments they made before joining the European Union in 2007, and that they have covered the criteria of the Cooperation and Verification Mechanism.
In other words, the lack of monitoring means that Bulgaria is well prepared to enter the Schengen area.
PM Nikolay Denkov made the following comments: "Another barrier between Bulgaria and the rest of the EU countries is being removed - and soon it is inevitable for us to be accepted in the Schengen area and join the Eurozone".
Inflation shrinks
After a couple of static months, inflation in Bulgaria is down again. In August, it fell to 7.7% from 8.5% in July, according to data from the National Statistics. For nearly a year now, consumer inflation has been gradually slowing down after peaking at 18.7% last September.
The monthly indicator also reflects the slowdown. In August, compared to July, the consumer basket increased in price by 0.4% after a growth of 0.9% the previous month.
In August, there was a downward effect on the prices of some foods, gas for household needs and solid fuels.
Gas memorandum with Orban
A memorandum of understanding and cooperation in the field of supply and trade with liquefied natural gas has been signed by the Bulgarian and Hungarian companies Bulgargaz and MVM CEEnergy.
This opens up an opportunity for Bulgaria to participate in the liquefied natural gas market for Central and Eastern Europe, President Rumen Radev told journalists during his visit to Budapest where agreement was concluded. He arrived with the head of national gas supplier Bulgargaz Denitsa Zlateva but no representatives from the current cabinet attended.
According to the text of the memorandum, the source of the natural gas must be from countries without sanctions, embargoes or any trade restrictions. Joint purchases of liquefied natural gas using the AggregateEU platform are also planned.
EU monitoring ends
The European Commission has announced that their monitoring of Bulgaria and Romania has terminated. The decision means that both countries have reportedly made significant progress in implementing the commitments they made before joining the European Union in 2007, and that they have covered the criteria of the Cooperation and Verification Mechanism.
