The national priorities must be Schengen membership by the end of this year, entering the Eurozone by January 2025 and the Organization for Economic Cooperation and Development (OECD) by 2026, said the Bulgarian Industrial Capital Association (BICA). Employers expect MPs to elect a National Assembly speaker and a regular cabinet and adopt a regular budget, BICA President Vasil Velev said for the BNT. BICA calls for reducing the costs for administration, which increased with 112% as compared to 2019. According to BICA, social spending also increased too much.
“If nothing changes, there will be a budget deficit of about 7%. If our goal is to have a 3% deficit, our GDP has to be twice as big, which cannot happen in the next 5 or 6 years”, Vasil Velev said.
The benefits for Bulgaria from full entry into Schengen are estimated at over 800 million euros per year. The largest benefits will be for manufacturers and exporters. But while this macroeconomic effect is awaited, the benefits are already being felt..
On Monday, a section of the international road E-75 in Serbia will be blocked, the situation center of the Ministry of Foreign Affairs announced. The blockade is expected to be at the "Autokomanda" road junction, which is part of the..
On Monday, the lowest temperatures will be between minus 1 and 4°C; in Sofia – around 0°C. During the day, it will be mostly sunny. Before noon, in places in the valleys there will be fog or low cloudiness. The highest temperatures..
Bulgarian exports to the USA in 2023 are worth 1.1 billion dollars, and number 1 on the export list with a share of nearly 19 percent are "coins that..
Swedish authorities have detained a ship suspected of sabotaging an undersea fiber optic cable in the Baltic Sea. The ship is the Bulgarian vessel..
On Monday, a section of the international road E-75 in Serbia will be blocked, the situation center of the Ministry of Foreign Affairs..
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