Bulgaria’s Deputy Prime Minister and Minister of Finance Assen Vassilev presented the 2022 draft state budget. He called it a budget of economic growth, which invests in people, projects and infrastructure. The projected revenues exceed EUR 29 billion and costs are projected at more than EUR 32.2 billion.
The country’s GDP is expected to increase with 4.8% and the budget deficit is set to increase with 4.1%. Bulgaria will borrow new loans to the tune of EUR 3.5 billion. EUR 1.5 billion will be used to refinance old debts.
As of April 1, the minimum monthly salary will increase from EUR 323 to EUR 363. Pensions will increase with 6.1% from July 1. VAT remains unchanged at 20%, Minister Vassilev said. The state budget will be amended in July.
A new poll by the sociological agency Alpha Research indicates a continued decline in public support for Bulgaria’s ruling coalition . Positive assessments have dropped from 39% in January to just 26% in July, while negative opinions have risen from 29%..
Bulgaria has agreed to provide financing for the construction of units 7 and 8 of the Kozloduy NPP, the Ministry of Energy announced. A delegation led by Energy Minister Zhecho Stankov held final talks with Citibank management in New York. Units..
The Multinational Battle Group in Bulgaria is in an excellent position to grow and upgrade to brigade level. This was stated at the Novo Selo training ground by Adm. Giuseppe Cavo Dragone, Chairman of the NATO Military Committee . At the Novo Selo..
From 1 January 2026, Bulgaria will join the Eurozone , and the lev and stotinki will become a thing of the past. While the new currency will have a..
Starting this autumn, the Ministry of Labor and Social Policy will launch a program aimed at attracting Bulgarians from abroad. More than EUR 33..
“Entering the Eurozone does not present any risk to Bulgaria. Adopting the Euro can only serve as a powerful accelerator for our economic growth,”..
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