Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

President Radev: Fiscal decentralization of Bulgaria’s municipalities is needed

Photo: Presidency of the Republic of Bulgaria

Bulgaria must solve the problem related to the concentration of financial resources in the big cities. The real fiscal decentralization of the small Bulgarian municipalities would help the development of fair businesses in smaller towns and villages, said this country’s President Rumen Radev at a meeting with representatives of Straldzha Municipality, Southeastern Bulgaria.

Representatives of local cultural, educational, sports and business circles also took part at the discussion. They agreed with President Radev and added that the demographic problem and poor transport connectivity are among the major impediments to economic growth in Straldzha.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Price of natural gas in Bulgaria rises by 11%

The increase in the price of natural gas in December is nearly 11 percent, which means up to nearly 39 euros per megawatt-hour, excluding taxes. This was what representatives of Bulgargaz said during the public discussion of..

published on 11/28/24 11:20 AM

Supreme Administrative Court has once again failed to elect chair

There are no candidates for the position of chair of the Supreme Administrative Court (SAC) , BTA has reported. The plenum of the Supreme Judicial Council held a meeting in an attempt to elect head of the institution. The procedure..

published on 11/28/24 10:21 AM

Bulgarians will travel to China without visas

The People's Republic of China is introducing a visa-free regime for holders of Bulgarian passports for business purposes, tourism, visiting relatives or friends, official visits or transit, for no more than 30 days. The Situation..

published on 11/28/24 8:50 AM