Day after the new Bulgarian government took office, the Ministry of Finance has started to frantically prepare yet another update of the budget. Minister Vladislav Goranov has already started to reshape the plans of his predecessor Rumen Porozhanov. The new draft for 2014 should be ready by the end of next week, Minister Goranov told reporters. The update is expected to cut planned by Porozhanov increase in spending for 12 ministries and departments, totaling 250 million euro. The new update will no longer include the option for the state to provide guarantees to the fund for guaranteeing deposits, in order for it to receive a loan and pay protected deposits in CCB. Instead, the government will take a loan of at least € 800 million, which will be provided to the institution in the form of another loan.
A draft decision by the Council of Ministers, published for discussion, envisages a poverty line of 638 Leva (a little over EUR 325). The poverty line for this year stands at 526 Leva (a little over EUR 268), or an increase of 21%. The proposal..
Pomorie on the Black Sea is, once again, inviting jazz and classic cars fans to the festival Anhialo Classic Cars & Jazz Fest , organized by Classic Car Pomorie, in partnership with the Motor Club Anhialo and Prosveta 1888 chitalishte..
Musicians from Australia and Great Britain will perform on July 13 in Veliko Tarnovo, on the "Art Summer" open stage next to the Boris Denev Art Gallery. The music of the band David Dower Trio combines jazz, rock and Bulgarian musical influences...
The European Commission has approved state aid amounting to EUR 142 million (BGN 278 million) to support the energy sector, BNR’s correspondent in..
Saturday will be sunny and hot. Clouds will form in the afternoon, and there may be brief showers in isolated places in the Eastern part of the..
“No towns or villages are at risk from the fires that have broken out around the country,” Chief Commissioner Alexander Dzhartov, Director of the..
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