Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Brussels makes three economic recommendations to Bulgaria

Photo: Archive

In the recommendations of the European Commission to the economies of the EU countries, for Bulgaria it is said that, together with 14 other countries in the community, it does not comply with the requirement for a budget deficit of 3%. The deficit is expected to be 4.8% this year. 

It is recommended that Sofia terminate the energy support measures planned until the end of 2023 and redirect the saved funds to reducing the state deficit. 

It is recommended that Bulgaria should ensure effective management for the rapid implementation of the economic recovery plan and absorption of EU grants.

The third recommendation is that Bulgaria should reduce its dependence on fossil fuels, accelerate the transition to clean energy, quickly introduce renewable energy sources and opportunities to store the energy produced by them.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

IMF predicts 2.8 per cent inflation in Bulgaria in 2024

Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..

published on 10/22/24 6:44 PM

Bulgaria's public debt for 2023 was 22.9% of GDP

In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...

published on 10/22/24 1:23 PM

Career and Life - Why in Bulgaria Forum took place in London

A forum entitled "Career and Life - Why in Bulgaria?", organized by the Bulgaria Wants You platform, was held at the Royal Geographical Society in London on October 20. The event, which took place for the second time, attracted significant..

published on 10/21/24 9:28 AM