The Bulgarian cabinet increased the allowable 2020 budget deficit to 2.9% of the gross domestic product at an extraordinary video-conference sitting. Shifting from the initially-planned balanced budget to budget deficit aims to finance the extraordinary measures taken to deal with the COVID-19 epidemic. The government debt issuance ceiling increases from EUR 1.1 billion to EUR 5 billion. Since the beginning of 2020 the country issued government bonds to the tune of EUR 400 million and a new tender for another EUR 100 million is scheduled for the beginning of April. The changes adopted by the government will be submitted to Bulgaria’s National Assembly for approval.
The ruling majority has introduced a bill limiting the export of diesel and aviation fuel. “This is a temporary measure. There is fuel for months to come, not counting the State Reserve,” Delyan Dobrev from the GERB party, said...
Israel announced that it had identified the bodies of hostages Sahar Baruch and Amiram Kuper. They were handed over by Hamas on the evening of October 30 to the Red Cross in Gaza, BTA reported. "Following the identification process..
The real estate market in Bulgaria has been in the eurozone for a long time. Prices will not undergo significant changes after the introduction of the common currency. This was what financier Levon Hampartzoumian said at the 11th..
The Russian oil company Lukoil has announced that it has accepted an offer from the Swiss Gunvor Group to acquire the international assets of LUKOIL..
The ruling parties GERB-SDS, BSP-United Left and ITN signed an annex to their coalition agreement, specifying the rules for the rotation of the Speaker..
The National Assembly has rejected President Rumen Radev's veto on changes to the State Intelligence Agency Act (SIA) and the State Agency Technical..
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