Bulgaria’s National Assembly has approved the 2021 state budget at a second reading. Revenues in next year’s budget are estimated at EUR 24.3 billion. Expenditures are projected at EUR 26.8 billion. The budget deficit is set at nearly EUR 2,56 billion, or 4% of the country’s GDP. The cabinet will be able to cover the deficit by issuing government bonds to the tune of EUR 2.3 billion.
The minimum monthly salary is to increase from EUR 312 to EUR 332 as of January 1, 2021. The minimum monthly pension will amount to EUR 153. People working at the frontline against Covid-19 will receive 30% pay rise. Salaries of teachers are to increase by 17% and the monthly wages of Bulgaria’s Police officers are to see 15% increase. The rest of the salaries in the public sector will increase by 10%.
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 International GmbH . Lukoil's subsidiary owns all of the group's assets abroad. Lukoil has..
MPs elected GERB's Kostadin Angelov as deputy speaker of parliament. 132 MPs voted "for", 53 voted "against" and 11 abstained. Angelov replaces GERB's Raya Nazaryan, who was elected speaker of parliament after previous parliamentary speaker Natalia..
Public enterprises are planning to introduce a corruption risk management system . They will have an integrity officer, amendments to the Public Enterprises Act adopted at first reading provide for. The amendments submitted by GERB-SDS were approved..
The necessary net monthly income for subsistence for a worker living alone in September 2025 is 1,547 leva (748 euros) . For a three-member family with a..
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..
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