With 13 votes in favor, 6 against and one abstention, the Parliamentary Budget Committee adopted at first reading the Budget 2020 update, which is designed to absorb the shock to the economy caused by Covid-19. The bill envisages raising the limit for new debt from 1.1 billion euros to over 5 billion euros.
GDP is expected to decline by 3% this year. According to government estimates, unemployment rate is expected to rise by about 2% in comparison to 2019 to the level of 6.2%. Export of goods and services will fall by more than 16% overall, with export of services that includes tourism and transport dropping nearly 26%.
Judges have opposed the introduction of a new antivirus agent on their computers. The magistrates fear that it could violate personal data protection rules and compromise the independence of the judiciary. In an official letter, the Bulgarian..
GERB leader Boyko Borisov said in Parliament that Bulgaria will become a member of the eurozone on January 1, regardless of protests organized by representatives of We Continue the Change Democratic Bulgaria (PP-DB). He was commenting on opposition..
Six countries, including Bulgaria, are at risk of non compliance with the EU fiscal framework in 2026. This is highlighted in the 2026 European Semester Autumn Package, adopted by the European Commission. Another 12 countries are urged to continue..
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