If the budget update was not approved, the cost of servicing government debt would become higher, Deputy Prime Minister and Minister of Finance Assen Vassilev pointed out and added that the changes in the budget envisage the limit of new government debt this year to rise by 1.5 billion euros to 5 billion and 150 million euros.
According to Vassilev, the hike will be used to repay next year's debt, with the difference likely to be almost 1 percentage point. This is a significant expense for the budget, which can be avoided if the debt was issued this year, Vassilev said.
Overnight, clouds over the north and east will bring brief showers. There will be light to moderate westerly winds which will increase in strength on Monday, veering north-west and bringing in cold air. Showers will be widespread, especially in the..
The Bulgarian Ministry of Foreign Affairs confirmed that there are no reports of Bulgarian citizens being injured in the fire in the Macedonian city of Kočani. The Bulgarian Embassy in Skopje is in constant contact with Macedonian authorities and..
Thirty-three Bulgarian winemakers are representing the country at the International Wine and Spirits Fair in Düsseldorf, Germany. Speaking at the opening of the Bulgarian stand, Deputy Minister of Agriculture and Food Stefan Burdzhev said:..
Bulgarian citizens and road hauliers should avoid traveling to Serbia on March 15 and 16 except in cases of extreme necessity , until the protest actions..
Europe must continue to plan in a collective and coordinated manner its next steps in ensuring a just and lasting peace in Ukraine . Together with our..
A protest is taking place in Sofia to demand maximum sentences for a man and a woman who killed animals in a particularly cruel way. So far, nearly..
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