Articles by: Svilen Petrovmm

Greece has achieved twice higher primary budget surplus than planned

August 26, 2018 6:55 amComments Off on Greece has achieved twice higher primary budget surplus than planned
Greece has achieved twice higher primary budget surplus than planned

Greek primary budget surplus at the end of July this year is twice higher than initially set targets, shows that data from the Ministry of Finance. The primary budget surplus reaches 2.046 billion EUR, which is 1.117 billion EUR more than planned 929 million EUR. The net budget revenue for the period amounted to 27.388 billion EUR, or 313 million EUR (1.2%) more than projected. The state budget expenditures for […]

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The six challenges for Emmanuel Macron in the new political season

August 24, 2018 9:03 amComments Off on The six challenges for Emmanuel Macron in the new political season
The six challenges for Emmanuel Macron in the new political season

The French President Emmanuel Macron and his government met at their first session after the summer holiday at the start of the new political season, which will have a busy schedule – from public sector reform to delicate budget equation. Public sector reform Macron’s promise to close 120,000 public sector jobs by 2022 has already caused tens of thousands of protesters on the streets. The talks between the government and […]

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The IAEA: North Korea continues its nuclear activities

August 20, 2018 10:22 pmComments Off on The IAEA: North Korea continues its nuclear activities
The IAEA: North Korea continues its nuclear activities

North Korea continues its nuclear activities, despite the intentions of its leader Kim Jong-un, announced in spring, according to the International Atomic Energy Agency (IAEA). “The continuation and development of the nuclear program of the Democratic People’s Republic of Korea is extremely worrying”, said Director-General Yukiya Amano in a report. The UN agency, which has no representatives in North Korea after its inspectors were expelled in April 2009, relies mainly […]

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The UK builds country’s largest solar power plant without subsidies

August 16, 2018 6:30 amComments Off on The UK builds country’s largest solar power plant without subsidies
The UK builds country’s largest solar power plant without subsidies

The project to build the largest solar power plant in the UK will be analyzed by the Secretary of State within the next six months. Cleve Hill solar park is expected to produce electricity at the lowest possible price for the UK grid without the need for subsidy. If the plan succeeds, it will launch a new stage in the development of renewable energy in the UK. Cleve Hill will […]

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Bulgaria is fifth in the EU by GDP growth in the second quarter

August 15, 2018 7:38 pmComments Off on Bulgaria is fifth in the EU by GDP growth in the second quarter
Bulgaria is fifth in the EU by GDP growth in the second quarter

Bulgaria is fifth in the EU by GDP growth in the second quarter, after increase of 3.4% on annual basis, according to the initial data of the European Statistical Office Eurostat. For comparison, the GDP grew by 3.6% in the first quarter. On quarter-on-quarter basis, the economic growth stood at 0.8% versus 0.9% in the first quarter. This is the slowest expansion since the second quarter of 2015. Among the […]

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