The Ministry of Finance published the 2025 draft budget and the medium-term budget forecast for the 2025-2028 period. The projected deficit for 2025 is up to 6.4 billion BGN (EUR 3.3 billion), which is 3% of GDP. Expenditures will not exceed 40% of GDP. The draft budget includes the investment program promised to municipalities. VAT rates for restaurateurs, bread and flour return to 20%.
The structural plan shows that the goal is to gradually reduce the deficit, with the only exception being in 2027, when the deficit will exceed 3% due to the acquisition of military equipment.
For the period 2025-2028, the deficit under the consolidated fiscal program will range between 2.2% and 3% of GDP. Annual inflation according to European methodology will be 2.4% in 2025, and is expected to be 2% thereafter. GDP will grow by about 2%.
A seven-person jury selected the winners of the BNR essay contest for students from Ukraine and Moldova . The contest was held under the patronage of Bulgaria’s Vice President Iliana Yotova and was supported by the Ministry of Education. Students..
Bulgarian National Radio (BNR) and Ruse University have announced plans to collaborate on cultural and educational activities at the university's recently established branch in Taraclia, Moldova. This announcement followed a meeting between the leaders..
The head of state commented on the report adopted by the European Parliament’s Foreign Affairs Committee this week on Skopje’s progress in the European integration process. He also sent a letter to the leaders of the European institutions and..
Another protest against the adoption of the euro took place in Sofia and other cities in Bulgaria on June 28. The protest in the capital Sofia..
Bulgaria’s Deputy Premier and Minister of Transport and Communications Grozdan Karadzhov met with North Macedonia’s Deputy Prime Minister and Minister..
''To safeguard what has been achieved in the last 40 years for another 40 and beyond, Schengen will need constant renewal, and Bulgaria has a big role..
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