Bulgaria’s caretaker Premier Stefan Yanev called on the MPs to amend the state budget, in order to meet the challenges related to the new Covid-19 wave and avoid social tension later in the autumn. "We are witnessing a complicated situation in..
About half of the revenues in the state treasury come from the activities of Sofia enterprises, and 35% of them are from large taxpayers . This was announced by the caretaker Minister of Finance Assen Vassilev during the first public council on budget..
Serious structural problems in the state budget have been revealed by the caretaker Minister of Finance Asen Vassilev, BNR reported. "Money must be withdrawn from a variety of places in order to finance the continuing needs of health care, the business..
President Rumen Radev expressed concern that general elections may be held for the third time this year. "I do not even want to think that Parliamentary elections will be held for the third time in 2021. I hope that the political parties will show..
As of today, the French-German consortium SOF Connect is the official and only operator at Sofia Airport. Iliyana Tsanova, former Deputy Executive Director of the European Fund for Strategic Investment, will chair the board as an independent member...
Wages in Bulgaria could see a significant increase if this country’s gross domestic product increases with 3.5% on an annual basis and the average annual inflation is around 2%, forecasts the Confederation of Independent Trade Unions in Bulgaria...
The budget deficit for 2020 is expected to amount to BGN 3.6 billion (EUR 1.84 billion) instead of the BGN 5.2 billion (EUR 2.65 billion) recorded in the law. Bulgaria's Finance Ministry forecasts that the deficit will be 3% of the expected GDP. The..
No matter which government will be in power, the new budget will last, even if the epidemic gets worse. This position was expressed by Bulgaria's Finance Minister Kiril Ananiev in an interview for BNT. He believes that the budget has no alternative...
In the context of Covid-19 pandemic, the 2021 state budget must focus on a package of brave and bold structural reforms and promote investments, employment and productivity, experts from the Institute for Market Economics are advising. The..
The National Assembly approved, at first reading, the state budget for 2021. Next year’s budget is to have a d eficit of 3.9% of the GDP , and the government will be able to take out a new loan of up to 4.5 billion Leva. As of 1 January, 2021,..
