The International Monetary Fund is expecting a slowdown in economic growth in this country in the medium-term. The fund mission in Bulgaria, led by Reza Baqir raised the country’s economic growth forecast to 3 percent, yet in the mid-term a growth slowdown is to be expected down to 2.5 percent due to insufficient structural reforms. Reza Baqir called attention to the fact that it is more and more difficult for companies to find qualified staff, and also that enterprises are not evenly spread out across the country’s territory which hampers growth, while the grey economy remains problem number one.
The ruling GERB party claimed that employers are in favour of a higher VAT rate, but employer organisations denied this, insisting that no such proposal had ever been made. This clarification followed a meeting between GERB leader Boyko Borissov..
Ninety participants representing 57 Bulgarian folklore ensembles from across Europe and North America gathered in Sofia for their fourth Creative Meeting and Seminar. The event was highly constructive, featuring useful workshops and guest lecturers...
The European Commission has disbursed €438.6 million to Bulgaria as part of the second payment under the Recovery and Resilience Facility (RRF). On 3 October 2025, the Commission partially approved the payment, stating that Bulgaria "still needs to..
Bulgaria consistently opposes proposals to remove the requirement for unanimity in decision-making within the framework of the EU’s Common Foreign and..
"As of today, there will be no acting mayor of Varna and the position will be held by the legally elected mayor Blagomir Kotsev," said..
President Rumen Radev has vetoed the legislative amendments related to the appointment of a special commercial administrator in the..
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