If the budget update was not approved, the cost of servicing government debt would become higher, Deputy Prime Minister and Minister of Finance Assen Vassilev pointed out and added that the changes in the budget envisage the limit of new government debt this year to rise by 1.5 billion euros to 5 billion and 150 million euros.
According to Vassilev, the hike will be used to repay next year's debt, with the difference likely to be almost 1 percentage point. This is a significant expense for the budget, which can be avoided if the debt was issued this year, Vassilev said.
Bulgarian archaeologists have found a very well-preserved two-meter-high statue with a head In the ancient city of Heraclea Sintica. It was made by an artist who used a whole marble block to make the statue in the 2nd century AD..
August is not the best month for an election campaign and elections should not be held before the middle of September. This was what President Rumen Radev, who participated in the "Bank of the Year" awards ceremony, said. "I am..
The Sand Sculpture Festival takes place for the 17th summer in a row in the city of Burgas. It will open its doors to visitors on July 5. The "Marina Zmeeva" ballet school and the musicians from the Burgas Wind Orchestra will have a special..
The Balkans are attracting more and more medical tourists, with Turkiye being the undisputed leader, ranking among the top 10 most preferred countries..
"It is evident that the political crisis continues and its solution requires not only putting aside personal and party interests but also requires..
The Movement for Rights and Freedoms (DPS) will immediately return the second government- forming mandate , DPS Co-chairman Delyan Peevski told..
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