“There ought to be no excuse, for anyone, for the fact that the pace of development in this country is comparatively slow,” financier Lyubomir Datsov said for the BNR, and added that the current administration is the only one in the entire period of transition in the country to have had a 10-year term of office.
He pointed out that for seven months there has been no discussion of how the economy and public finances will be restructured after the epidemic. To make up for that, “quantitative gifts” are constantly being announced, but “we should all be aware that they are taken from our taxes, or from new loans,” Lyubomir Datsov said. In his words it is about time all long-delayed reforms were started, and the money channeled to the restructuring of the economy.
The draft state budget was adopted in first reading by the National Assembly on November 21. However, the planned changes in the financial framework for 2026 triggered an open clash between the ruling coalition, led by GERB party, and the opposition..
KBC Group expects the Bulgarian economy to grow slightly more next year in comparison to its previous forecasts, according to the conclusions of the Belgian financial group's latest assessments of the economies of Central and Eastern..
Foreign direct investment (FDI) in Bulgaria posted the largest net inflows from the Netherlands, Italy and Greece in the first half of 2025, the Bulgarian National Bank (BNB) said. Net FDI inflows totalled €554.9 million from the Netherlands, €325.2..
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