Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Budget update could lead to financial destabilization, employers say

Vasil Velev
Photo: BGNES

Employers have expressed concerns about the proposal for updating the state budget, which is to be voted on at second reading. According to Vasil Velev, chairman of the Industrial Capital Association, the changes are likely to shake the financial system.

"There will be a rise of costs and reduced revenues and this will lead to a new boost in inflation and financial destabilization," he said. Vasil Velev expressed concern that the most important measure for compensations related to the high electricity prices on the free market might not be adopted.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Ekaterina Zaharieva

Bulgaria scores above EU average for women in STEM, roundtable finds

Bulgaria has a higher share of women in science, technology, engineering and mathematics (STEM) fields than the European Union average, according to a roundtable discussion on “Women in Innovation” held in Sofia. The forum highlighted that 49% of..

published on 10/30/25 4:16 PM

Bulgaria’s parliament overturns president’s veto on intelligence service laws

The National Assembly has rejected President Rumen Radev's veto on changes to the State Intelligence Agency Act (SIA) and the State Agency Technical Operations (SATO) Act, according to BNR reporter Maria Fileva. The changes strip the president of the..

published on 10/30/25 2:31 PM

Bulgaria seeks South Korean cooperation on new nuclear projects, energy minister says

Bulgaria wants to continue investing in nuclear energy after more than 50 years of experience in the sector, Energy Minister Zhecho Stankov said on Wednesday. About 70% of Bulgarians support the move, Stankov told a Bulgarian-Korean energy..

published on 10/30/25 2:04 PM