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%.
Defence Minister Atanas Zapryanov has proposed the establishment of wartime command centres for state institutions . A draft decree from the Council of Ministers on this matter has been published for public consultation. The initiative aims to ensure..
The Ministry of Justice has proposed an amendment to Tariff No. 1 of the State Fees Act, outlining the fees charged by courts, the prosecution service, investigative services, and the Ministry of Justice. According to the government press service, the..
Due to a lack of rainfall, the water level in Lake Srebarna has dropped to just 15 centimeters, posing a serious threat to the entire ecosystem, reported public service broadcaster BNT. Lake Srebarna is one of the most significant wetlands in Europe..
The National Revenue Agency is inspecting currency exchange offices due to increased interest in buying euros . Within just one week, the exchange of..
The inaugural International Military Competition, 'Best Warrior', is set to take place on 25 and 26 June 2025 at the Vasil Levski National Military..
On Thursday it will be sunny and hot again. There will be light wind from the north-northwest. The highest temperatures will be..
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