Text size

Brussels makes three economic recommendations to Bulgaria

published on 5/24/23 5:35 PM

Photo: Archive

In the recommendations of the European Commission to the economies of the EU countries, for Bulgaria it is said that, together with 14 other countries in the community, it does not comply with the requirement for a budget deficit of 3%. The deficit is expected to be 4.8% this year.

It is recommended that Sofia terminate the energy support measures planned until the end of 2023 and redirect the saved funds to reducing the state deficit.

It is recommended that Bulgaria should ensure effective management for the rapid implementation of the economic recovery plan and absorption of EU grants.

The third recommendation is that Bulgaria should reduce its dependence on fossil fuels, accelerate the transition to clean energy, quickly introduce renewable energy sources and opportunities to store the energy produced by them.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy budget deficit clean energy energy energy support measures European Commission fossil fuels

More from category

Property prices in Sofia rise 25.5% in a year

The average price of apartments sold in Sofia in the third quarter of 2025 reached €2,310 per square metre , marking an annual increase of 25.5%, according to data from Bulgarian Properties. While new developments remain popular, limited supply and..

published on 11/26/25 4:36 PM

Natural gas prices to fall by over 4% in December

Natural gas prices in Bulgaria are set to fall by just over 4% in December , significantly higher than the previously forecast 1% drop, according to calculations by state-owned supplier Bulgargaz, reported BNR correspondent Yuliyana Kornazheva. This..

published on 11/26/25 2:22 PM

IMF assesses Bulgaria's near-term growth outlook as positive

The Executive Board of the International Monetary Fund (IMF) has concluded the 2025 Article IV Consultation with Bulgaria. According to the IMF’s procedure for assessments and recommendations, domestic demand is driving a robust expansion of the..

published on 11/25/25 10:18 AM