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Latchezar Bogdanov

Economist Latchezar Bogdanov: The budget is not addressing the problems

“The budget does not focus sufficiently on the effectivity of spendings, or on attaining certain goals in politics,” Latchezar Bogdanov from the Institute for Market Economics commented for the BNR. The biggest budgeting problem is what the..

25.10.20 11:42 |

Bulgaria’s balance of payments for May positive after two months of deficit

In May this year Bulgaria’s current account registered a positive balance after two consecutive months of deficit,  Bulgarian National Bank data indicate. However, the positive balance amounts to a mere 82.1 million euro. By way of comparison,..

19.07.18 13:29 |
Left to right: The ministers of health, social policy and finance - Kiril Ananiev, Biser Petkov and Vladislav Goranov

National budget for 2018 now in effect

The new national budget comes into effect today. It envisages a deficit of 1 billion 100 million Leva, even though last year the treasury ended the year with a surplus of close to 800 million Leva. According to the parametres of the 2018..

01.01.18 15:31 |

NSSI expects 350 million euro in extra revenues next year

The deficit of the National Social Security Institute (NSSI) will decrease by 150 million euro in 2017 following the increase of pension security contributions by one percentage point and of retirement age and the work record needed for retirement..

17.10.16 15:56 |

Brexit to slow down Bulgaria economic growth

The decision of Great Britain to leave the European Union will slow down economic growth in Bulgaria and as a result the budget deficit is likely to go up, Unicredit Bulbank has said. According to the bank the shock of Britain’s decision will cause a..

05.07.16 17:44 |
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