Sofia has met the last criterion for entering the eurozone. After meeting the inflation criterion, the data on the budget deficit for 2024 should have been released according to the EU methodology.
In 2024, the institutional sector "General Government" had a budget deficit of 3 billion euros or 3% of GDP, according to preliminary data from the National Statistical Institute and Eurostat. In this way the deficit criterion has also been met.
On average, the budget deficit in EU countries for the past year was 3.2%, Eurostat reported. The largest deficit is in Romania - 9.3% of GDP, Poland - 6.6% and France - 5.8%. Denmark has a budget surplus of +4.5%, Ireland and Cyprus have +4.3% and Greece has +1.3%.
At a Sofia City Council (SCC) briefing, municipal officials who recently left the We Continue the Change (PP) party declared they would not be complicit in covering up the truth. The mayors of the capital’s Lyulin and Mladost districts, Georgi..
The leader of Vazrazhdane party, Kostadin Kostadinov, said in parliament that the state budget was in the red and the expected profits from the Schengen membership were gone. According to Kostadinov, the additional revenues should..
Taking responsibility is a step towards restoring trust in the coalition. This is how PP-DB MP Ivaylo Mirchev commented on Kiril Petkov's resignation and defined it as a reasonable and responsible act, BGNES reported. At the..
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..
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