Podcast in English
Text size
Bulgarian National Radio © 2023 All Rights Reserved

The caretaker government continues to work for Bulgaria's accession to the euro area

Rositsa Velkova
Photo: BGNES

Raising the minimum wage from EUR 363 to EUR 435 is a very high increase, interim Finance Minister Rositsa Velkova told BNR. She exlained that a rise of 5 euros leads to a budget deficit of 25.5 million euros. There should be an increase, but not like this, Ms. Velkova said, reiterating that the caretaker government has no right to submit a state budget to parliament. 

Bulgaria meets the debt and deficit requirements well, although they are currently derogated, interim Deputy Prime Minister Atanas Pekanov told BNT. Although inflation is slightly higher, the country is coping well with the criteria for the introduction of the euro. The work to enter the eurozone on January 1, 2024, is ongoing, Pekanov said.

Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Central government debt amounts to EUR 20.58 billion

The central government debt as of end-January 2023 amounted to EUR 20.58 billion as compared to December 2022, which is an increase of EUR 1.95 billion, the Ministry of Finance reported. It is mainly due to the new debt assumed in January on the..

published on 3/6/23 12:01 PM
Agriculture Minister Yavor Gechev

Annual food inflation is 24.5%, Agriculture Minister Yavor Gechev says

The annual food inflation is 24.5% for January, Minister of Agriculture in the caretaker government Yavor Gechev announced at a press conference on the measures aimed at curbing the high prices of food in chain stores. The peak was reached in..

published on 3/2/23 3:08 PM

The egg as a symbol of high inflation

According to data of the National Statistical Institute, 30% of retailers in Bulgaria expect that prices in this country will continue to rise in the next three months, even though the prices of essentials such as eggs, vegetables and..

published on 3/1/23 3:30 PM