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.
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 Bulgarian government has approved a new program to support organizations of Bulgarian communities from Albania, Serbia, Kosovo, Ukraine and Moldova and citizens of North Macedonia with Bulgarian identity for the period October 15, 2025 - December..
Varna is hosting the 18th Black Sea Tourism Forum on the topic "Positions of the Bulgarian Black Sea coast in the tourism market - challenges and prospects". The organizer of the discussions, which will take place on October 30 and 31 in our Black Sea..
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 National Assembly has rejected President Rumen Radev's veto on changes to the State Intelligence Agency Act (SIA) and the State Agency Technical..
Bulgaria has a higher share of women in science, technology, engineering and mathematics (STEM) fields than the European Union average, according to a..
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