The European Commission has already given the green light to Bulgaria’s Recovery and Resilience Plan. Now, the European Council should finally endorse the plan. The procedure will take about one month and is expected to end in the beginning of May, said Cvetan Kyulanov, Head of the European Commission’s Representation in Bulgaria.
Bulgaria is expected to claim the first grant at the end of the second or the beginning of the third quarter of 2022. Disbursements can take place a maximum of twice a year, Cvetan Kyulanov pointed out.
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..
41% of the member companies of the Bulgarian Industrial Association expect an economic decline in 2025. 21% believe there will be no change compared to 2024. 65% of the respondents anticipate a deterioration in their own business due to the..
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