Podcast in English
Text size
Bulgarian National Radio © 2023 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.

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

More from category

The average gross salary in Bulgaria reaches 1022.58 EUR

In the third quarter of 2023, the average gross monthly salary rose by 2.2% compared to the second quarter of 2023 and reached 1022.58 EUR. The economic activities with the largest rise were "Government" - 13.4%, "Education" -..

published on 11/13/23 1:35 PM

Bulgaria issues bonds to repay debt

Bulgaria has sold €2.3 billion in bonds on the foreign markets with repayment terms of 7.5 and 12.5 years, Minister of Finance Assen Vasilev has reported. "The emission was extremely successful. There was nearly 3 times more supply..

published on 11/7/23 10:56 AM

Preparations for adopting Budget 2024 have started

At an extraordinary meeting, the government has approved a package of laws that it sent to the National Assembly in relation to the adoption of the budget for 2024. Minister of Finance Assen Vassilev expects inflation to be..

published on 11/6/23 1:30 PM