“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.
During the night, fog and low clouds will persist in the plains and valleys. The lowest temperatures in most areas will range from 0°C to 5°C, for Sofia around 1°. On Monday, the wind will shift from the northwest, in Eastern Bulgaria from the..
The postponement of the request for a convergence report on Bulgaria's entry into the Eurozone is not fatal. It is more important to achieve stability in governance, finance and the economy, Vice President Iliana Iotova said. She participated in the..
The Deputy Chairman of VMRO, Carlos Contrera, called for a boycott of large food chains in Bulgaria ''because of high prices''. His call on Facebook follows the example of a civic boycott of food chains in Croatia, which spread to other Balkan..
Some of the existing mobile networks in Bulgaria will be switched off in 2025. The Chairman of the Communications Regulation Commission, Ivan..
For the third consecutive year, the Consulate General of the Republic of Bulgaria in New York hosted the annual alumni meeting of the American..
During the night, fog and low clouds will persist in the plains and valleys. The lowest temperatures in most areas will range from 0°C to 5°C, for..
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Partly cloudy, chance of snow