“Doling out money gratuitously to people in need is impossible because the resources are limited. The government would come out of the crisis with a huge deficit,” Ivan Kostov, Prime Minister of Bulgaria in the 1997-2001 period said for the Bulgarian National Radio.
“According to the EU, the country’s GDP is going to go down by 7.2%. That means EUR 4.2 billion. There is no way the government can find the billions needed to compensate for all incomes. Calls for such a thing are populist. Even if it does find the money from somewhere, it couldn’t be absorbed and will only give rise to corruption,” Ivan Kostov said. He added that Bulgaria is not the only country where measures to address the damages are taken under pressure and urged for taxes not to be changed mid-year.
Overnight there will be considerable cloud over the eastern half of the country, with rain and thunder in some places. The western parts will remain sunny. Light to moderate winds will blow from the north-northeast. On Wednesday, atmospheric..
Bulgarian archaeologists are continuing to study the ancient nymphaeum (sanctuary of the nymphs) discovered at the Aquae Calidae complex near Burgas. The nymphaeum occupies a central place in the former Roman baths and was part of a fountain with an..
In a letter to the leaders of parliamentary groups in the 50th National Assembly, caretaker Prime Minister Dimitar Glavchev urged them to submit two nominations for a Bulgarian commissioner in the next European Commission by August 29. Glavchev..
The European Prosecutor's Office in Sofia has seized property as part of an investigation into a project worth 2.6 million euros (5.2 million leva),..
The queue of trucks in the area of the Danube Bridge border crossing near Ruse is two kilometers long . The remaining heavy load trucks wait mainly in..
The Prime Minister of the Republic of North Macedonia Hristijan Mickoski stated that there will be personnel changes in the Joint Multidisciplinary..
+359 2 9336 661