Varna Municipality approved the gratuitous acquisition of 29% of the assets of International Fair Plovdiv which were previously owned by the state. A resolution of the Bulgarian government transferred the ownership to the Black Sea city of Varna. 20% of the state-owned assets were transferred to Plovdiv Municipality, but the municipal councilors of that city refused to acquire those assets, saying that they would agree to acquire 49% of the shares of the emblematic fair. Bulgarian businessman Georgi Gergov is the majority shareholder of the company. The International Fair Plovdiv was founded in 1892 when in August the same year the first Bulgarian agricultural and industrial exhibition was held in Plovdiv. It aimed at stimulating the weak Bulgarian industry and agriculture and at establishing contacts between local and foreign producers. Today the International Fair Plovdiv is among the biggest of its kind in Eastern Europe. It covers an area of 352,000 square meters and consists of 17 multifunctional pavilions.
The draft budget for 2025 proposes a deficit of 3%. The mid-term budgetary forecast targets a deficit of 3% up until 2028. The government debt is to increase to EUR 41.57 billion by 2028. The size of pension insurance is to be preserved in..
In 2025, the National Health Insurance Fund will be able to spend 1.2 billion leva (EUR 613 million) more on insured individuals, the draft budget of its Supervisory Board envisages. The health insurance contribution remains 8% of the insurable..
Bulgaria will meet the final criterion of price stability for entry into the eurozone by January. After that, politicians are in charge, Bulgarian National Bank Governor Dimitar Radev has told BNT. "Politicians must try to get the..
Mostly Cloudy
Cloudy
Snow
Cloudy