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.
Every truck waiting in long queues at the border costs its owner 200 euros a day. This is what Bulgarian GERB-SDS/EPP MEP Andrey Novakov said during a discussion on the issue. The Bulgarian Industrial Association is one of the organisers of the forum in..
Housing prices in Bulgaria continue to rise. In the second quarter of 2024, they increased by 3.4% compared to the previous quarter. The largest price growth was registered in the town of Ruse (+13.2%), followed by the cities of Plovdiv (+5.3%), Sofia..
On October 10, the European Commissioner for Internal Affairs Ylva Johansson and the Minister of Internal Affairs of Hungary will propose to the Council of the EU that checks on the land borders of Bulgaria and Romania be abolished. The..
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..
On October 10, the European Commissioner for Internal Affairs Ylva Johansson and the Minister of Internal Affairs of Hungary will propose to the Council..
The European Commission has approved the transfer of EUR 90 million that remained unused by Bulgaria during the previous financial..
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