At the end of September, the budget deficit was 380 million euro, the Ministry of Finance reported. This is 0.4% of the projected Gross Domestic Product. By the end of the year, the deficit is expected to reach the planned 2.5% of GDP.
The rise of the deficit, which was 26 million euro in August, comes from planned significant payments of interest on the state debt, as well as state aid to farmers aimed to overcome the negative economic consequences of Russian aggression against Ukraine and other payments.
Expenses of the state have reached 65.4% of the planned EUR 24.3 billion. They have increased by 10 percent compared to the same period in 2022. The most significant increase is seen in social payments, the money for personnel and capital expenditures.
The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted. There is a lot of money, the deadlines are short and the conditions applicants have to meet are not..
The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's economy will grow by 2.9 per cent in 2025, 0.1 per cent less than initially forecast in May...
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T he LNG terminal near the Greek town of Alexandroupolis has officially srarted commercial operations today, the Greek company Gastrade announced. The..
The final price proposed by Bulgargaz for the sale of natural gas to its customers in October is BGN 63.72 (EUR 32.58) per megawatt-hour before tax. The..
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