The lack of a regular parliament puts the state at risk of starting the new year without a budget, Petar Ganev, a senior researcher at the Institute for Market Economics, has told the BNR.
According to law, the budget for 2022 must be submitted for discussion and adoption in parliament by October 31st. If a government is formed in December and there is no budget approved by parliament, there is a risk of starting the new year without a law on public spending. In such a case the government would be able to spend only 1/12 of the previous budget per month and this would be extremely insufficient. In the absence of a strong center of power, "everyone near the government may try to seize the initiative and propose new expenditures," the expert says.
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..
“The main priorities businesses have – membership of the Eurozone and accession to the Schengen area by land – have receded to the background. They are the motors which can boost the economy, but the fact there is no regular government is an obstacle..
Bulgargaz has reported record interest in its tender for the supply of LNG to the Alexandroupolis terminal for January and February 2025. All nineteen bidders met the criteria set by the company and have been approved to participate in the next..
Shell Exploration and Production (96) B.V , a subsidiary of Shell, will explore for oil and natural gas in Block 1-26 Khan Tervel, located in..
In the period January - September 2024, exports of goods from Bulgaria to the EU decreased by 3.6% compared to a year earlier and..
The leadership of the Confederation of Independent Trade Unions in Bulgaria (CITUB) insists that a national subsistence wage be introduced in Bulgaria,..
Clear
Cloudy
Partly Cloudy