“A budget update will only be necessary if the pandemic situation worsens,” outgoing finance minister Kiril Ananiev stated in parliament.
The government has given 2.6 billion euro for the fight against Covid-19 in the period from the start of the crisis until 31 March, 2021. 920 million euro was spent to support households, 1.13 billion euro - for businesses, and 560 million for the people directly involved in the fight to check the pandemic.
There are fiscal reserves amounting to 4.35 billion euro, 1.8 billion of which is the money from the “silver” retirement fund. During the first quarter of 2021 the treasury had a deficit of 0.5% of the GDP. The national plan for the introduction of the euro is at an advanced stage so as to keep the 30 June, 2021 deadline for its completion, Kiril Ananiev said, and added that the indicative date for membership of the monetary union remains 1 January, 2024.
Bulgaria’s Energy Minister, Zhecho Stankov, has reassured citizens and businesses that the country’s fuel supplies are sufficient to last for an extended period. “Our priority is secure supply at affordable prices — and that is guaranteed, ” Stankov..
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...
On Wednesday, minimum temperatures will range from 4 to 9°C across the country, reaching around 2°C in Sofia. The wind will ease and fog will settle in..
The amount of the average social security income for the country for September 2025 is 962.25 EUR and the amount of the average monthly social security..
Bulgaria’s Energy Minister, Zhecho Stankov, has reassured citizens and businesses that the country’s fuel supplies are sufficient to last for an extended..
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