The caretaker government is proposing a state budget bill for 2023 with a deficit of 6.4% of the GDP, or more than twice the 3% required by the Eurozone criteria . This was announced at a briefing by Prime Minister Galab Donev and Finance Minister..
The national priorities must be Schengen membership by the end of this year, entering the Eurozone by January 2025 and the Organization for Economic Cooperation and Development (OECD) by 2026, said the Bulgarian Industrial Capital Association..
All parties in the coalition "We Continue the Change - Democratic Bulgaria" have decided not to support a government with a mandate or participation of GERB, Asen Vassilev, co-chairman of We Continue the Change, said at a press conference...
The only thing that the new National Assembly should do is form a regular government, said Boyko Borisov, leader of the GERB party that won the parliamentary elections on April 2. He believes that whatever the cost to the parties, new elections would..
“After the latest election for parliament we are again living between two hypotheses: there will be a regular government - there will be no regular government,” Prime Minister in the caretaker cabinet Galab Donev stated. “After 8 months I can say..
The largest trade union in Bulgaria, CITUB, has called for a 10% wage rise in the budget sector from July 1, 2023 , in order to compensate for projected inflation. The president of the trade union, Plamen Dimitrov, commented that..
The state finances are stable and there is no threat to the currency board, to the lev-euro exchange rate, to wages and pensions , caretaker Prime Minister Galab Donev said in an interview with Nova TV. According to him, in the..
After the Council of Ministers approved a draft of a state budget act for 2023 with a 3% deficit, the Ministry of Finance published a draft of amendments to the Code of Tax and Social Security Procedure for public discussion . Finance..
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..
“There is a need to raise people’s incomes, because their cost of living has increased. End of story!”, contends Dimitar Manolov, President of the Confederation of Labor “Podkrepa”. Bulgaria’s two largest trade unions - the Confederation of Labor..
