After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Consumer confidence rose by 5.6 points in July, according to a survey by the National Institute of Statistics. According to consumers, the general economic situation in Bulgaria has been improving over the past 12 months, and expectations for the next..
“The fundamental principle I shall be following is the principle of upgrading,” said caretaker Minister of Defence Atanas Zapryanov at his inauguration ceremony, and thanked his predecessor Todor Tagarev for the latter’s contribution to the sector...
Bulgaria is one of the 18 NATO member countries which meet the criteria of spending 2% of their GDP on defence, Defence Minister Todor Tagarev said in Brussels, where he is taking part in the meeting of NATO defence ministers. “We have set..
The average total income for the third quarter of 2023 per household member in Bulgaria is EUR 1 , 469.45, up by 22.5% compared to the third quarter of 2022. Over the same period, spending per household member is EUR 1,387.65, an increase..
“They are going to encounter stiff resistance over the budget, we have said we are not going to raise taxes,” said GERB leader Boyko Borissov in Veliko Turnovo, addressing the participants in the national conference of GERB party...
The candidates for mayors and municipal councilors have spent over EUR 578 , 000, without VAT, on advertising in the media since the beginning of the election campaign, the Institute for Public Environment Development monitoring shows...
The Ministry of Defence has drafted a new defence strategy of Bulgaria, and the document has been published for public discussion. Bulgaria’s defence is pursued in the context of NATO’s collective defence and within the frameworks of the EU’s..
At a meeting in Brussels with NATO Secretary General Jens Stoltenberg, Bulgaria’s Prime Minister Nikolay Denkov said Bulgaria’s defence spending for 2023 would be slightly under 1.9% of the GDP, and will reach 2%, as required by the EU, in 2024...
Finance Minister in the caretaker cabinet Rositza Velkova has asked the ministries, by letter, to cut expenditure by 20% due to a risk to the budget, Trud and 24 Chasa write in their online versions. The cause for concern is the..
