“The idea of pumping money from the budget into the economy is absurd. That is only going to boost inflation. Because of the expected lower GDP growth rate, or even possible decline, we need to restrict spending but investment expenditure should remain so the functioning economy does not take a hit,” economist Krassen Stanchev, founder of the Institute for Market Economics says.
He is categorically against any increase of the minimum wage because “that is something that is decided politically, but is paid for by businesses”. Bulgaria is moving away from the Eurozone and will most likely join it in 2026-2027. One of the reasons for this is that the country is failing to address corruption, which is one of the requirements the country has to meet, Krassen Stanchev said in an interview with BGNES news agency.
State gas supplier Bulgargaz has filed a lawsuit against Russia's Gazprom Export at the ICC International Court of Arbitration in Paris, the Bulgarian company said. The Bulgarian side is seeking compensation of more than 400 million euro for damages..
The leader of "Democrats for a Strong Bulgaria" (DSB), Atanas Atanasov, has told BNT that a single body should be created in "We Continue the Change - Democratic Bulgaria", which is to discuss all issues and make common decisions in..
Bulgaria ranks last in the EU with just 12 priests per 100,000 people. There are more than 8,000 churches and monasteries in the country, or 10 times more temples than clergy, according to the latest national census of 2021. 51.4%..
The start of the major repair of the Danube Bridge near Ruse is the reason for a serious conversation about the connectivity between..
The Chairman of the GERB-SDS Parliamentary group, Boyko Borissov, sent an official refusal to the Movement for Rights and Freedoms (DPS) and confirmed..
During a discussion with US President Joe Biden at the 75 th anniversary NATO summit in Washington DC, Bulgaria’s caretaker Prime Minister Dimitar..
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