“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.
Sunday will be cloudy. A cold atmospheric front from the west will bring rainfalls. In the western mountainous regions of Bulgaria, the rain will be mixed with snow. The lowest temperatures will be between 2° and 7°C; in Sofia –..
At a ceremony in the presence of President Rumen Radev, the Bulgarian flag was raised on a 21-meter pylon in the Zvezdata area near Etropole. “Today, we all raise our voices that in a time of division for the world, we will..
A requiem liturgy has been served in the St. Nedelya cathedral on the occasion of the first anniversary of the death of Bulgarian Patriarch Neophyte. He became patriarch on February 24, 2013. “We know and remember Patriarch..
Foreign Minister Georg Georgiev today received at the Foreign Ministry Susan Falatko, who arrived in Sofia a few days ago as Charge d'Affaires of the U.S...
The Ministry of Foreign Affairs has advised Bulgarian citizens to avoid traveling to Greece because of a planned national strike today. The Foreign Ministry..
On the day of the third boycott of large retail chains their turnover increased by over 1 million euros, according to data from the..
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