Vazrazhdane demands no-confidence vote against Zhelyazkov's government
Vazrazhdane has prepared the grounds for a third no-confidence vote against the government of Rosen Zhelyazkov, citing failure in financial policy, according to MP Tsoncho Ganev. After meeting only with the Velichie party, who insisted the vote should focus on environmental failures due to illegal landfills, the two groups agreed to support whichever no-confidence motion gathers enough backing.
MECH did not attend the talks, suggesting they wouldn't support the initiative. But MRF-MRF (Ahmed Dogan's faction) stated it will not help submit the motion but may participate in the vote. This means that this time there is a possibility not to gather the necessary support for a third vote of no confidence. According to the rules, at least 48 signatures are needed to table it, and Velichie and Vazrazhdane only have 43 MPs.
Industrial output in Bulgaria shrinks by 8.3% in March
Industrial production in Bulgaria declined by 8.3% year-on-year in March, marking another negative month for the country's economy, as stated by the National Statistical Institute. The most significant drop was in the production of electricity, heat, and gas, which fell by nearly 30%, followed by a 3.3% decline in manufacturing. However, the mining sector recorded a 2.9% increase.
Within manufacturing, the steepest annual declines were in the production of basic metals (down 24.9%) and transport equipment excluding cars (down 24%), while notable growth was seen in the production of metal products (up 30%) and computer, communication, and optical equipment (up 27.2%).
Huge residential project Rodina Residence begins construction in Sofia
One of Sofia's most anticipated investment projects is now underway, as Iztochna Plaza Invest, part of hospital group Bulpharma, begins construction of Rodina Residence on the 56-decare site of the former Rodina Publishing and Printing Complex, The first phase includes five high-rise residential towers (21-23 floors) with 862 apartments, more than 2000 parking spots, and 1000 bicycle spaces.
Future stages may add two more towers for mixed use, including hotels and offices, bringing the total built-up area to more than 134,000 sq.m. Sales will start once the buildings reach Act 14, - a precondition phase for notarizing a property that includes the completion of foundations - with the entire complex expected to be completed in five years. Located along Tsarigradsko Shose, the project benefits from strong transport links and aims to become a modern architectural landmark in Sofia.
Vazrazhdane demands no-confidence vote against Zhelyazkov's government
Vazrazhdane has prepared the grounds for a third no-confidence vote against the government of Rosen Zhelyazkov, citing failure in financial policy, according to MP Tsoncho Ganev. After meeting only with the Velichie party, who insisted the vote should focus on environmental failures due to illegal landfills, the two groups agreed to support whichever no-confidence motion gathers enough backing.
