The Institute for Market Economics, IME, presented its traditional alternative budget for 2022, the first time it is doing so without the existence of a new budget framework. The cabinet has projected inflation of 5%, GDP growth of 4.9% and a budget deficit of 4.1% in the draft budget.
“This is a galloping budget in terms of revenues,” Petar Ganev, IME senior research fellow commented for the BNR. To attain European growth rates, IME experts propose that the social security burden be reduced for workers by 10%. People will retain their earnings and this will push up consumption, as well as the collection rate of social security contributions. To boost investments, the IME experts are proposing a profit tax reduction and an acceleration of allowances for depreciation.
Plovdiv is hosting the 79th International Technical Fair from September 24 to 27, 2025 , bringing together leading companies, innovators, and industry professionals. The Forum highlights technological advancement and sustainable development across key..
Bulgaria has the opportunity to reap the full benefits of eurozone membership , but this will require stronger fiscal discipline, effective management of transition risks, and accelerated structural reforms , the International Monetary Fund (IMF)..
In mid-September, the traditionally great Christian feast of the Holy Cross (September 14) marks the beginning of one of the most anticipated agricultural processes – the grape harvest campaign. 2025 is no exception, but due to a number of factors, the..
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil,..
Mostly Cloudy
Cloudy
Overcast, rain
Partly cloudy, chance of rain
Partly Cloudy