The National Assembly has finally adopted the state budget after a 21-hour-long parliamentary sitting, which ended today at 5:41 a.m. The budget has been prepared on the basis of macroeconomic indicators of 1.8% economic growth and 8.7% average annual inflation. Yesterday, however, the Bulgarian National Bank lowered its forecast for GDP growth to 1%.
"The budget is within the initially set parameters - with a 3% deficit, with a serious capital program, with a redistribution of part of the capital expenses to additional payment in the amount of about 150 million EUR," Minister of Finance Assen Vassilev said. According to him, the fiscal measures have largely been preserved in order to collect the revenues.
The salaries of employees in companies with a staff of over one hundred people are now required to be transferred by bank, the MPs have decided.
The Ministry of the Interior, the State Agency for National Security, the National Social Security Institute and other ministries and departments will receive funds for raising the salaries of their employees. Additional funds have also been provided for the BNR – about 750,000 euro more than what was previously proposed by the Ministry of Finance.
Vice President Iliana Iotova pointed out that the changed texts in the Constitution have turned against their creators. Yotova told journalists that "because of these changes in the Constitution, the Speaker of the National Assembly cannot be..
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77 per cent of those employed in Bulgaria's secondary education system are ready to go out on strike demanding a pay rise in the sector, according to a national survey by Podkrepa trade union. Half of those surveyed are in favour of a nation-wide..
According to an analysis by the Electricity System Operator, a shortage of electricity is expected as early as January and February next year. At a..
Bulgaria’s caretaker Foreign Minister Ivan Kondov and his Albanian counterpart Igli Hasani confirmed the firm commitment of the two countries to the..
77 per cent of those employed in Bulgaria's secondary education system are ready to go out on strike demanding a pay rise in the sector, according to a..
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