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Vasil Velev

BICA: The budget deficit will reach 7% if nothing changes

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..

14.04.23 17:25 |

The values of "We continue the change - Democratic Bulgaria" do not allow them to support cabinet of GERB

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...

07.04.23 13:35 |

Without a regular government, GERB will not support the 2023 budget

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..

05.04.23 13:29 |
Caretaker PM Galab Donev

Caretaker cabinet will submit bills to new parliament, caretaker PM says

“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..

05.04.23 11:50 |
Plamen Dimitrov

Trade unions call for 10% wage rise in budget sector

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..

27.03.23 13:38 |

Prime Minister Galab Donev: "Bankruptcy of the state" is just a media headline

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..

18.03.23 12:15 |

Ministry of Finance proposes tax amendments

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..

17.03.23 19:40 |
Rositza Velkova

Finance minister asks ministries to slash expenses by 20% due to risk to budget

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..

15.03.23 13:04 |

Trade unions stage large-scale protest in Sofia

“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..

11.11.22 14:56 |

Political parties in parliament argue over budget and social expenditure

We Continue the Change party called on the caretaker government to submit a budget for 2023 to parliament. The proposal of the Council of Ministers to extend the budget for 2022 is a possible decision, but it is wrong because what is needed is..

02.11.22 11:48 |
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