The Institute for Market Economics, IME, presented its traditional alternative budget for 2022, the first time it is doing so without the existence of a new budget framework. The cabinet has projected inflation of 5%, GDP growth of 4.9% and a budget deficit of 4.1% in the draft budget.
“This is a galloping budget in terms of revenues,” Petar Ganev, IME senior research fellow commented for the BNR. To attain European growth rates, IME experts propose that the social security burden be reduced for workers by 10%. People will retain their earnings and this will push up consumption, as well as the collection rate of social security contributions. To boost investments, the IME experts are proposing a profit tax reduction and an acceleration of allowances for depreciation.
The two most sought-after currencies by Bulgarians in 2024 remain the US dollar and the euro, just as in 2023. The Turkish lira, the Romanian leu and the Serbian dinar were also very popular, followed by the British pound and the Swiss franc. This was..
The overall business climate indicator in Bulgaria has increased in December by 1.7 points from 17 percent to 18.7% compared to November . An increase in the indicator was observed in the industry sector by 1.9 points, in retail trade by 5.7 points and..
The National Assembly postponed the discussion and voting of the most important fiscal law of the land – the national budget for 2025 – for next year. “If we do not have an approved budget by 19 January, then everything in the country will grind to a..
A concession award procedure for Plovdiv Airport is planned, Deputy Premier and Minister of Transport and Communications Grozdan Karadjov said at a..
Rain / Snow
Rain
Snow
Wet snow