The General Government sector reported a deficit of EUR 2.8 billion, or 4.1% of the country’s gross domestic product, preliminary data of the National Statistical Institute indicate. The deficit in Central Government amounted to EUR 3.3 billion, or 4.8% of the GDP, while Local Government reported a surplus to the tune of EUR 75 million. The Social Security Funds generated a surplus to the tune of EUR 414 million.
Meanwhile, the government debt reached EUR 17 billion, or 25.1% of the GDP - a record high since the introduction of the currency board in 1997.
The operational leadership of DPS-DPS party met to decide whether to continue its support for the government. This is happening a day before the discussion of the second vote of no confidence in the "Zhelyazkov" cabinet on the topic of corruption...
Over the past 10 years, housing prices in Sofia have tripled, and in large cities more than doubled. This is according to data from one of the largest brokerage companies on the Bulgarian market. "If in 2015 in Sofia you could buy a home..
The reactors intended for Bulgaria's unrealised second nuclear power plant project - Belene - will not be sold. This was announced to journalists by Deputy Prime Minister and BSP leader Atanas Zafirov. He said that he had discussed the fate of the two..
Finance Minister Temenuzhka Petkova has announced that Bulgaria is ready to join the eurozone. She made the statement at a business breakfast hosted by..
The reactors intended for Bulgaria's unrealised second nuclear power plant project - Belene - will not be sold. This was announced to journalists by..
In Sofia's Zaharna Fabrika neighbourhood, in the Ilinden municipality, the authorities have begun demolishing illegal structures inhabited by members of..
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