Bulgaria’s Deputy Prime Minister and Minister of Finance Assen Vassilev presented the 2022 draft state budget. He called it a budget of economic growth, which invests in people, projects and infrastructure. The projected revenues exceed EUR 29 billion and costs are projected at more than EUR 32.2 billion.
The country’s GDP is expected to increase with 4.8% and the budget deficit is set to increase with 4.1%. Bulgaria will borrow new loans to the tune of EUR 3.5 billion. EUR 1.5 billion will be used to refinance old debts.
As of April 1, the minimum monthly salary will increase from EUR 323 to EUR 363. Pensions will increase with 6.1% from July 1. VAT remains unchanged at 20%, Minister Vassilev said. The state budget will be amended in July.
In connection with the state of emergency in Israel and the instructions of the Civil Defense, on Thursday, June 19 and Friday, June 20, the Consular Service at the diplomatic mission in Tel Aviv will only process urgent inquiries, mainly related to..
Bulgaria's diplomatic mission in Tehran has been evacuated. The embassy will be temporarily relocated to Baku , the capital of Azerbaijan. Prime Minister Rosen Zhelyazkov announced this to journalists in Sofia. Seventeen Bulgarians, 12 of whom..
According to Eurostat data , in 2024 Bulgaria and Estonia ranked second to last in the EU in terms of actual individual consumption (AIC) per capita . This important indicator of household material well-being is lowest in Hungary, at 72% of the..
The Waterfall Folklore Fest Niagara 2025 brought together fans of Bulgarian folk dance from the United States and Canada. The event took place in Niagara..
Science and physics are the driving forces behind human progress, and events such as this one are a source of pride for Bulgaria. The Minister of..
On Wednesday, the lowest temperatures will be between 13 and 18°C; In Sofia – about 15°C. It will be sunny before noon. In the afternoon there will be..
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