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Vasil Velev

Budget update could lead to financial destabilization, employers say

Employers have expressed concerns about the proposal for updating the state budget, which is to be voted on at second reading. According to Vasil Velev, chairman of the Industrial Capital Association, the changes are likely to shake the financial..

24.06.22 18:50 |
Macroeconomist Prof. Dimitar Ivanov

Actual inflation in Bulgaria exceeds 25%

According to the National Statistical Institute inflation in Bulgaria is 14.4%, but the market basket of consumer goods includes a number of optional goods that nobody consumes.  In fact, if the consumer price index is taken into account, inflation..

14.06.22 19:20 |

Bulgaria expected to receive Azeri gas via Greece as of July: Premier Petkov

Bulgaria’s Premier Kiril Petkov said he was going to Baku later this week to confirm the quantities of Azerbaijani gas for Bulgaria. Premier Petkov is paying a visit to the town of Veliko Tarnovo. Kiril Petkov expects the Bulgaria-Greece gas..

14.06.22 11:54 |

Project envisages financial reward for signals about tax evasion

Anyone who provided information helpful to establish tax evasion should receive a 10% bonus on the evaded sum, a package of measures aimed at more effective collection of taxes and social security contributions, envisages. This is what MP from "We..

31.05.22 19:43 |
Bulgarian Minister of Economy Korneliya Ninova

Bulgaria’s government discusses measures to help economy and households

In response to the crisis caused by the suspension of natural gas imports from Russia, the government envisages several concrete measures to help businesses and households. During the expert advisory council on fuels, Minister Kornelia Ninova..

13.05.22 19:20 |

Bulgarian production on the rise despite crisis in EU

As a result of effects of the ongoing war in Ukraine, industrial production in the euro area and across the union contracted sharply in March. However, Bulgaria has witnessed a significant production growth. According to Eurostat data, Bulgaria..

13.05.22 19:19 |

Business climate in Bulgaria has improved in April

The economic situation in the country has improved compared to March. But a growing number of executives in all sectors predict price increases in the next three months , according to the latest survey by the National Statistical Institute ...

29.04.22 13:53 |

Bulgaria Today – 7 April 2022

Welcome to Bulgaria Today on April 7.  We open up with a summary of leading news today and weather report for tomorrow. Next, will the Recovery and Resilience Plan be able to boost Bulgaria’s economy – opinion of economist Stoyan Panchev.  Also,..

07.04.22 18:00 |

EBRD cuts 2022 GDP growth forecast for Bulgaria

The European Bank for Reconstruction and Development has lowered its forecast for Bulgaria’s GDP growth, because of the war in Ukraine. EBRD expects that Bulgaria’s gross domestic product will rise 2.8% in 2022, a downward revision of the 4.4% growth..

01.04.22 11:07 |

Minister of Economy Ninova offers special regime for export-oriented companies

The Ministry of Economy will submit to the Council of Ministers a proposal to declare an extraordinary situation for export-oriented companies due to the war in Ukraine in force retroactively on February 24, Minister of Economy..

16.03.22 16:29 |
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