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Civil servants gear up for protests, demand pay rise

Employees in various government administration units are gearing up for protests in the coming week , demanding a pay rise in the 2023 budget. Social tensions are brewing at the National Social Security Institute, the Commission for Consumer Protection,..

09.07.23 17:49 |
Rositsa Velkova

Bulgaria's fiscal reserve decreasing, no reserves for higher revenues: Finance minister

At the beginning of the year, the fiscal reserve was BGN 11.9 billion (EUR 6 billion), while compared to May 10, it decreased to about BGN 10.3 billion (EUR 5.3 billion),  caretaker Finance Minister Rositsa Velkova announced in Parliament. According..

12.05.23 11:25 |

Deficit in 2023 draft state budget can be reduced to 3%

Reserves have been found, thanks to which the deficit included in the 2023 draft state budget can be reduced from 6.4% to 3% . This was announced by Asen Vassilev, co-chairman of "We Continue the Change - Democratic Bulgaria", after a meeting of..

27.04.23 19:20 |
Caretaker Minister of Finance Rositsa Velkova

Finance Minister: July 1, 2024 is a possible date for the adoption of the single currency

If Bulgaria does not adopt the euro quickly it risks staying in the "Eurozone waiting room" for a long time, caretaker Minister of Finance Rositsa Velkova said in an interview for the BNR . In her words, July 1, 2024 is a possible date for the..

19.02.23 13:56 |
Atanas Pekanov, DeputyPM for EU Funds Management

Bulgaria has not given up on entering the Eurozone in 2024, Deputy PM for EU funds says

“The date 1 January, 2024 for Bulgaria’s entry into the Eurozone remains,” said Atanas Pekanov, Deputy Prime Minister for EU Funds Management from the caretaker government in an interview with Nova TV. “All countries in Europe have a high..

09.10.22 17:37 |

Finance Minister Vassilev presents 2022 draft budget

Bulgaria’s Deputy Premier and Minister of Finance Assen Vassilev called the 2022 draft budget “a budget of economic growth”. “The new budget envisages higher capital investments with EU funds and money from the state budget; a significant increase..

24.01.22 13:22 |

Businesses: An increase in the minimum wage will increase unemployment

In the next draft budget, the caretaker government proposes that the minimum wage be BGN 710 (EUR 363). "At the moment we do not have a clear mechanism for determining the minimum wage. It is determined administratively and largely unclear," said Shteryo..

03.12.21 19:50 |

Bulgaria's Council of Ministers approves draft budget for 2021.

The Bulgarian Government has pproved and submitted to the National Assembly the draft state budget for 2021. Among the priorities of the draft budget are the income, education, health, social, pension and defense policies.  Additional expenditures are..

28.10.20 17:26 |
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