Day after the new Bulgarian government took office, the Ministry of Finance has started to frantically prepare yet another update of the budget. Minister Vladislav Goranov has already started to reshape the plans of his predecessor Rumen Porozhanov. The new draft for 2014 should be ready by the end of next week, Minister Goranov told reporters. The update is expected to cut planned by Porozhanov increase in spending for 12 ministries and departments, totaling 250 million euro. The new update will no longer include the option for the state to provide guarantees to the fund for guaranteeing deposits, in order for it to receive a loan and pay protected deposits in CCB. Instead, the government will take a loan of at least € 800 million, which will be provided to the institution in the form of another loan.
The balance that we need between needs and realistically achievable commitments is very important because there is a real danger that some of the major infrastructure projects would be delayed at the expense of others. This was what..
By the end of next week, the Confederation of Independent Trade Unions in Bulgaria (CITUB) will send the government its proposals to be included in the governing coalition's management program. Trade unionists are already holding..
Bulgarian head of state Rumen Radev presented the Presidential Badge of Honour to the Bulgarian National Radio (BNR). The award was received by BNR Director General Milen Mitev during the solemn concert at the Sofia Opera and..
Bulgarian exports to the USA in 2023 are worth 1.1 billion dollars, and number 1 on the export list with a share of nearly 19 percent are "coins that..
By the end of next week, the Confederation of Independent Trade Unions in Bulgaria (CITUB) will send the government its proposals to be..
Swedish authorities have detained a ship suspected of sabotaging an undersea fiber optic cable in the Baltic Sea. The ship is the Bulgarian vessel..
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