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.
Protecting the rights and caring for Bulgarian communities abroad are fundamental to Bulgarian foreign policy, said Bulgarian President Rumen Radev at a meeting with the Bulgarian community in Riyadh . He answered the questions of Bulgarians working and..
An earthquake with a 6.1 magnitude on the Richter scale hit Western Turkey at 22.48 hours last night. There were over 40 aftershocks after the earthquake. The epicenter was near the city of Sundargah in the Balıkesir province. In addition to..
The Bulgarian National Bank reports a sharp increase in new household deposits . The growth in euro deposits is impressive. In just one month, amounts worth 334 million leva (over 161 million euros) were placed in deposit accounts. This is 57% more than..
An earthquake with a 6.1 magnitude on the Richter scale hit Western Turkey at 22.48 hours last night. There were over 40 aftershocks after the..
Bulgaria’s draft social security budget indicates that the minimum wage from 1 January 2026 will be lower than the level set out in the Labour Code ,..
Bulgaria’s Vertical Gas Corridor project is on track for completion by the end of 2026 , according to Energy Minister Zhecho Stankov, who stressed that..
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