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President Radev: Bulgaria will be successful when the small municipalities are also strong

At a meeting with citizens in the town of Kaspichan, northeastern Bulgaria, President Rumen Radev said it was necessary to create better living conditions in small towns because young people there also need high-quality education, healthcare, jobs and..

27.06.20 12:13 |
Industrial zone Vidin, on the Danube

Industrial areas, EU funds and the need for administrative and tax reform

To what extent can the proximity of a major economic center such as Sofia, which generates nearly 40% of the country's GDP, influence the development of the most backward region in Bulgaria – the country’s Northwest? We are looking for..

11.03.20 14:58 |
Lyubomir Datsov

The financial difficulties of the Bulgarian municipalities are mainly due to inefficient spending: Lyubomir Datsov

The overdue debts of the Bulgarian municipalities by the middle of 2017 amount to EUR 75 million. The latest report of the Bulgarian Ministry of Finance shows that some Bulgarian municipalities have scored excellent financial results,..

08.08.17 12:31 |

Poor municipalities in debt and dependent too

Bulgaria has 264 separate municipalities and 156 of those /60%/ have debts. Their budget balances show that they spend more money than they make. Their incomes are due to state subsidies and local taxes and fees, mainly ones on garbage,..

19.06.16 00:05 |
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