Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Budget update could lead to financial destabilization, employers say

Vasil Velev
Photo: BGNES

Employers have expressed concerns about the proposal for updating the state budget, which is to be voted on at second reading. According to Vasil Velev, chairman of the Industrial Capital Association, the changes are likely to shake the financial system.

"There will be a rise of costs and reduced revenues and this will lead to a new boost in inflation and financial destabilization," he said. Vasil Velev expressed concern that the most important measure for compensations related to the high electricity prices on the free market might not be adopted.




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

PM Rosen Zhelyazkov

Bulgaria has requested an extraordinary convergence report on the euro: PM Zhelyazkov

Bulgaria has submitted a request for an extraordinary convergence report based on the understanding that the country meets the criteria for entering the Eurozone, Prime Minister Rosen Zhelyazkov said at the opening of a new production facility in..

published on 2/25/25 11:49 AM
Ivo Mihov

Team at Sofia University is working on creating a quantum computer

Artificial intelligence is now built entirely from classical computers with algorithms, while artificial intelligence based on quantum computers will be much faster and more functional , says doctoral student Ivo Mihov from the Center for Quantum..

published on 2/25/25 11:00 AM
Photo: Bulgarian Sunday school in Edirne

Interest in studying Bulgarian is growing in Edirne

The Bulgarian Sunday school "Priest Alexander Cikirik" in the town of Edirne close to the Bulgarian-Turkish border is now attended by 55 children. It was opened in 2017 at the Consulate General of Bulgaria. In one school year, the children there..

published on 2/25/25 10:17 AM