“The idea of pumping money from the budget into the economy is absurd. That is only going to boost inflation. Because of the expected lower GDP growth rate, or even possible decline, we need to restrict spending but investment expenditure should remain so the functioning economy does not take a hit,” economist Krassen Stanchev, founder of the Institute for Market Economics says.
He is categorically against any increase of the minimum wage because “that is something that is decided politically, but is paid for by businesses”. Bulgaria is moving away from the Eurozone and will most likely join it in 2026-2027. One of the reasons for this is that the country is failing to address corruption, which is one of the requirements the country has to meet, Krassen Stanchev said in an interview with BGNES news agency.
On Sunday the weather will be predominantly sunny, but after midday and in the evening there will be brief showers with thunder mostly over the mountains and in the Eastern parts of the country. Hail is in the forecast for the mountainous regions of..
“In Bulgaria there are many other camps and prisons but Belene has come to be regarded as a synonym of communist repression and communist brutality,” said President Petar Stoyanov (1997-2002), addressing the people, including former camp inmates,..
186 reports of vote buying have so far been submitted to the Ministry of Interior, caretaker Minister of Interior Kalin Stoyanov has announced. Out of the 74 cases in which pretrial proceedings have been initiated, the biggest number of attempts at..
Huge territories in Bulgaria are already abandoned, their people are gradually dying out. This is shown by an analysis of the declining demographic and..
On Saturday, the weather will be mostly sunny. In the afternoon, there may be cumulonimbus and cumulus clouds and in some places, especially in the..
As of 31.12.2023 children under 17 in Bulgaria are 1,104,198, or 17.1% of the total population. This is according to data compiled by the National..
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