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.
Veliko Tarnovo is the centre of the celebrations of the 116th anniversary of the declaration of Bulgarian Independence, which was proclaimed on September 22 1908 in a manifesto by Prince Ferdinand I in the Church of the Forty Martyrs and later announced..
The first corporate bike relay race is taking place at 10 AM today, Independence Day. The start will be given to Sofia Bike Relay in front of the Vasil Levski National Stadium in Sofia. Each one of the corporate teams taking part will consist..
Caretaker Prime Minister Dimitar Glavchev is on a visit to the US where he is to take part in the Summit of the Future on September 22 and 23 in New York. The forum is the pivotal event during the so-called United Nations summit week, bringing..
The weather in Bulgaria will be sunny on Tuesday. Cloudiness will increase from the west The minimum temperatures will be between 7 °C and 12°C, in..
The European Commission has approved the transfer of EUR 90 million that remained unused by Bulgaria during the previous financial..
On October 10, the European Commissioner for Internal Affairs Ylva Johansson and the Minister of Internal Affairs of Hungary will propose to the Council..
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