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.
It will be sunny and hot on Tuesday. There will be light to moderate northerly wind. The lowest temperatures will range from 17°C to 22°C, for Sofia 17°C. Maximum temperatures will range from 34°C to 39°C, for Sofia - around 33°C. It will be..
Reactor No. 6 of the Kozloduy Nuclear Power Plant was reconnected to the national electricity system at 9 AM on 8 July. The reactor was disconnected on 15 June for planned preventive maintenance of the functioning of a non-nuclear transformer and a..
People in Bulgaria are well aware of the causes and the consequences of climate change, but are uninformed as to the ways to tackle it, indicate data from the latest 6 th climate survey by the European Investment Bank. The survey was..
Wednesday will be hot and sunny. There will be clouds in the afternoon, but rain will only fall in parts of Eastern Bulgaria and in the mountains...
The National Museum of Literature celebrates 174 years since the birth of Ivan Vazov. The celebration also marks the round anniversary of the first..
State gas supplier Bulgargaz has filed a lawsuit against Russia's Gazprom Export at the ICC International Court of Arbitration in Paris, the Bulgarian..
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