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.
Bulgaria’s President Rumen Radev met with the Ambassador of the State of Palestine to Bulgaria, Nasri Khalil Salim Abu Jaish. Rumen Radev welcomed the agreement reached on a ceasefire in Gaza and the release of the hostages . President Radev expressed..
The Sofia City Council has suspended two of the night bus lines – N3 (from Levski G to Ovcha Kupel 2) and N4 (from Druzhba 2 to Gotse Delchev) . The other two lines – N1 (from Lyulin 1 and 2 to Mladost 4) and N2 (from Obelya to Student's Town)..
Stabilising state finances will be the main task of the Finance Ministry, its new head Temenuzhka Petkova said at her inauguration as minister. The only woman minister in the new cabinet, Petkova said that Bulgaria had an opportunity to introduce..
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..
On the basis of December inflation data published yesterday by Eurostat, the Institute for Market Economics (IME) forecasts that the country could join..
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..
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