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.
Rose picking season is starting this year with serious problems because of the prolonged cold spell, BGNES reports. The people in this line of business say they expect an extremely poor harvest, which gives rise to major financial concerns as the..
The extremely unfavourable demographic picture is perhaps the biggest challenge we have to address if we want to go on as a nation, stated Tzvetan Spassov, head of the governing body of the Human Resources Development programme of the Ministry of..
The medical specialists from the transfusion haematology unit of the hospital in Shumen will support their colleagues from the National Center of Transfusion Haematology who are organizing a protest today against “the negligence of those in power in..
Household consumers will remain on the regulated electricity market for an unlimited period, said Energy Minister Zhecho Stankov at a briefing at the..
On Thursday, minimum temperatures will range from 8°C to 14°C. Around 9°C is expected in Sofia. Cloud and rain expected in western and central Bulgaria..
The Ministry of Culture is expecting UNESCO to approve, by the end of 2025, the application of the Centre for Underwater Archaeology in Sozopol as a..
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