Croatia prepares for Euro switch amid soaring inflation Croatia has started to adjust of a large number of its ATMs to the new currency, as part of the preparations for the introduction of the euro on January 1 2023. All 4,000 ATMs in..
The two biggest trade unions in Bulgaria- the Confederation of Independent Trade Unions in Bulgaria (CITUB) and the Confederation of Labor Podkrepa are dissatisfied with the minimum wage increase. The minimum monthly salary is to increase from EUR..
The National Assembly must adopt 3 laws in order for Bulgaria to enter the Eurozone in 2024, caretaker Deputy Premier for EU Funds Management Atanas Pekanov said for the BNT. There are two main criteria for eurozone accession - inflation and legal..
The inflation rate is slowing down for the second month running. In November the National Statistical Institute registered a 16.9% inflation rate, versus over 17% a month earlier, and the record 18.7% in September. The monthly inflation rate..
"The accession to the eurozone will bring many positives to Bulgaria", said Alfred Kammer, Director of the European Department of the International Monetary Fund. "I think it's important for Bulgaria to focus on adopting the euro, because that will..
"The Bulgarian banking sector is stable. The country's accession to the eurozone is a macroeconomic and political catalyst that should not be missed, said National Bank Governor Dimitar Radev before the conference "Banks and Business in Bulgaria..
The measure of a 25 stotinki (0.13 eurocent ) discount per litre of fuel will be in place until the end of the year, and will cost 40 million Leva (EUR 20.4 million) , Hristo Aleksiev, Deputy Prime Minister and Minister of..
A slow-down in inflation in Bulgaria has been observed for the first time in recent months. In October it was 17.6% year-on-year, while a month earlier it was close to 19%. Trade unions: Inflation rate feels like 45% The National..
The caretaker cabinet will submit a draft budget for 2023, if the MPs reach a preliminary consensus on a baseline budget, President Rumen Radev said at a meeting with the President of the Confederation of Independent Trade Unions in Bulgaria..
“There is a need to raise people’s incomes, because their cost of living has increased. End of story!”, contends Dimitar Manolov, President of the Confederation of Labor “Podkrepa”. Bulgaria’s two largest trade unions - the Confederation of Labor..
