The national priorities must be Schengen membership by the end of this year, entering the Eurozone by January 2025 and the Organization for Economic Cooperation and Development (OECD) by 2026, said the Bulgarian Industrial Capital Association (BICA). Employers expect MPs to elect a National Assembly speaker and a regular cabinet and adopt a regular budget, BICA President Vasil Velev said for the BNT. BICA calls for reducing the costs for administration, which increased with 112% as compared to 2019. According to BICA, social spending also increased too much.
“If nothing changes, there will be a budget deficit of about 7%. If our goal is to have a 3% deficit, our GDP has to be twice as big, which cannot happen in the next 5 or 6 years”, Vasil Velev said.
At an official ceremony held in Kazanlak, Maria Shamburova was solemnly crowned as the town’s 57th Rose Queen. The coronation show of the Rose Queen marked the beginning of the culminating days of the Rose Festival in Kazanlak. The festival will..
At night, precipitation will stop and the cloudiness will break and decrease. In the morning hours, short-term fog will form in the plains and around water basins. On Saturday before noon it will be mostly sunny. In the afternoon,..
3,314 foreign students are studying in Plovdiv. The largest share are foreign students studying to become doctors and dentists at the Medical University – 2,577. They are from 68 countries, with the largest number coming from UK,..
According to data from the Ministry of Labor and Social Policy, the average salary in Bulgaria during the first quarter of 2025 amounted to 2,443 BGN..
The balances in all bank accounts in Bulgarian levs will be automatically converted to euros from the date of the country's accession to the eurozone at..
Negotiations for a vote of no confidence in Rosen Zhelyazkov's government will begin after July 9, when Bulgaria's adoption of the euro becomes..
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