The tripartite cooperation council failed to reach agreement on the draft budget for 2023.
Both employers and trade unions expressed serious concern over the excessive deficit of 6.4% which could lead to Bulgaria’s severe indebtedness, BNR’s Marta Mladenova reports. If all expenditure and revenues go ahead as planned, there will have to be additional debt financing this year, amounting to around EUR 7 billion. According to employers, the budget deficit proposed is going to delay Bulgaria’s accession to the Eurozone. The trade unions are demanding a rise in salaries in the public sector by 15-30%, and not, as the caretaker cabinet proposes by 10%, and only where salaries were not raised last year.
Natural gas supplies from Azerbaijan to Bulgaria have not yet resumed . This is reported by BTA citing the Bulgarian state gas company Bulgargaz EAD. The state supplier said that according to the latest available information, the technical problems..
GERB leader Boyko Borissov predicted a long political life for the Zhelyazkov cabinet. Speaking to journalists at the National Assembly after almost a month of silence, Borissov stressed that the the best-prepared experts from GERB had entered the..
With 125 votes in favour and 114 against, the National Assembly has approved the government of Prime Minister Rosen Zhelyazkov. The "yes" votes came from the three political forces directly involved in the government - GERB-SDS, BSP-United Left and..
A global campaign focusing on the right of every child to grow up in a family environment has been launched in Sofia on the initiative of the UK..
Since 2007, when Bulgaria joined the European Union, the country has received €16.3 billion in EU funds, according to an analysis by the Institute for..
On the basis of December inflation data published yesterday by Eurostat, the Institute for Market Economics (IME) forecasts that the country could join..
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