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.
The President of the Democratic Republic of Timor-Leste, José Ramos-Horta, is on a working visit to Bulgaria. This is the first bilateral visit since the establishment of diplomatic relations between Bulgaria and East Timor in 2003...
On April 23 and 24 from 10 a.m. to 4 p.m. the movement of all vehicles through the Petrohan Pass - Road II-81 will be limited because the removal of trees within the boundaries of the road. While the necessary activities are being carried out in the..
The leader of "Save Sofia" Boris Bonev announced at a briefing that the regional political party is withdrawing its trust from the mayor of the capital, Vasil Terziev. It is also leaving the coalition with "We Continue the Change" -..
A strong earthquake with a magnitude of 6.2 shook Istanbul at 12.49 local time and was felt to varying degrees across Bulgaria, BTA reported, citing the..
The full accession of Bulgaria and Romania to the Schengen area is strengthening the European Union's economy significantly. This is stated in a report..
Sofia has met the last criterion for entering the eurozone. After meeting the inflation criterion, the data on the budget deficit for..
Partly cloudy, chance of rain
Cloudy
Partly Cloudy
sunshine, cloud, rain and thunder