Petar Ganev, senior researcher at the Institute for Market Economics announced, for the BNR, the publication of their white paper of the Bulgarian economy – Unlocking growth: the road ahead after the election.
“Concord should be sought and a budget must be adopted. We shouldn’t start another year without a budget, and such a risk does exist,” Petar Ganev said. “There should be some kind of concord around the big target of not exceeding the 3% deficit. In the mid-term the deficit should disappear. This means expenditure containment,” he said. Unpopular decisions will have to be taken, every item of expenditure must be accompanied by a budget cut in another sector but we shall not have to freeze the raising of salaries and pensions in 2025. Taxes will not be raised but there must be cuts in public administration,” Petar Ganev says.
The Eurozone is drawing closer, with a prognostic target date of 1 January, 2026, Petar Ganev believes.
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..
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..
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..
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