“Doling out money gratuitously to people in need is impossible because the resources are limited. The government would come out of the crisis with a huge deficit,” Ivan Kostov, Prime Minister of Bulgaria in the 1997-2001 period said for the Bulgarian National Radio.
“According to the EU, the country’s GDP is going to go down by 7.2%. That means EUR 4.2 billion. There is no way the government can find the billions needed to compensate for all incomes. Calls for such a thing are populist. Even if it does find the money from somewhere, it couldn’t be absorbed and will only give rise to corruption,” Ivan Kostov said. He added that Bulgaria is not the only country where measures to address the damages are taken under pressure and urged for taxes not to be changed mid-year.
The 32nd National Festival of Karakachans is taking place in the "Karandila" area near the city of Sliven on August 23. The event is organized by the Federation of Cultural and Educational Societies of the Karakachans in Bulgaria. The..
At night, in places in the central and eastern part of the country there will be short-term showers with thunderstorms. By morning the precipitation will stop. Cloudiness will decrease from the west. On Saturday it will be..
In the last days of the hottest month - from August 27 to 30, the performance "Samodiva" will be premiered in London. This is an innovative, immersive dance production inspired by Bulgarian folklore myths. It is the work of..
"Nearly a quarter of Bulgaria's economy is in the grey sector – around 23-24%. On the other hand, there is not enough money for..
At night, in places in the central and eastern part of the country there will be short-term showers with thunderstorms. By morning the..
Bulgarian students won four medals at the International Olympiad on Astronomy and Astrophysics (IOAA), which was held in India, the..
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