Calculated on the basis of the 2022 budget submitted, the deficit for this year is envisaged at 4.1%, commented Kiril Ananiev from GERB party at a briefing, as quoted by BTA. However, Kiril Ananiev says, that is not the real figure because at the end of last year the cash outflow registered was more than 2 billion LEVA (EUR 1 billion) and the figure will more likely be around 6%.
According to Ananiev, this is the first Bulgarian government which does not have a programme of its own. “I have 30 years of work at the Finance Ministry and I cannot remember a budget ever having been done this way, with the exception of 1997 when the budget was done every month,” Kiril Ananiev said and added: “I wouldn’t want us to revert to that old practice.”
Bulgaria remains a net exporter of electricity and one of the pillars of the energy system in Southeast Europe. Electricity exports exceed imports by 3.1% in 2024. According to this indicator, the country ranks 11th in Europe. Among the..
At a ceremony at the Vytautas Magnus University in the Lithuanian city of Kaunas , the rector of Sofia University “St. Kliment Ohridski”, Prof. Georgi Valchev, accepted the rotating presidency of the international university alliance..
For the third consecutive year, Karin Dom – Varna is organizing the charitable initiative “Ivan Stanchov Awards” in memory of the Bulgarian diplomat and founder of the organization, Ambassador Ivan Stanchov. On October 23, awards will be presented..
Bulgaria could run into fuel shortages if the Lukoil Neftochim refinery stops operating, former Prime Minister and GERB leader Boyko Borissov warned on..
The Institute for Computer Science, Artificial Intelligence and Technology (INSAIT) at Sofia University ‘St. Kliment Ohridski’ has released SPEAR-1, an..
The first regular direct flights between Bulgaria and the United States are expected to begin in April 2026, Transport and Communications Minister..
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