“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.
The meeting of the Joint Multidisciplinary Commission of Experts on Historical and Educational Issues between Bulgaria and North Macedonia in Skopje ended without progress, BTA reported. On February 21 and 22, the Commission once again..
Police are searching for all those involved in the clashes in front of the European Commission building in Sofia on Saturday, February 22, Bulgaria’s Minister of Interior Daniel Mitov told public broadcaster BNT. ''Outrageous scenes in Sofia..
It will be cold with minimum temperatures between minus 14°C and minus 9°C, in places in the northeastern regions up to minus 16°C, for Sofia - around minus 9°C. On Sunday it will be mostly sunny. Before noon in some places in the plains and..
According to data from Eurostat, Bulgaria has met the final criterion for joining the eurozone, namely price stability, Minister of Finance Temenuzhka..
The Ministers of Agriculture of Bulgaria, Hungary, Romania and Slovakia have called on the European Commission to restore pre-war import quotas for..
Sofia has taken over the presidency of the most prestigious local government forum in the Balkans – B40. The capital’s mayor Vasil Terziev accepted the..
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