If no regular government was formed, the caretaker cabinet would propose implementing this year's budget after January 1, Finance Minister Rositsa Velkova has told the parliament. The caretaker cabinet has no power to make policies and will keep the existing ones. The surplus in the treasury is below 500 million euros. This is not optimistic because the biggest costs are still ahead, Velkova said.
The fiscal reserve as of September 30 is over 6 billion euros, but without new loans by the end of 2022 it will fall below 2.6 billion euros, which is close to the minimum allowed.
In Bulgaria a working person needs at least 660 euros a month, while for a three-member family of two adults and a child, the sum reaches 1186 euros. The living costs have increased by 20% for a year, CITUB, which is the largest trade union in Bulgaria, reported.
In 2024, the average gross annual salary in Bulgaria is 27,881 BGN (EUR 14,255), according to preliminary data from the National Statistical Institute. Compared to 2023, this marks an increase of 13.9% , with the public sector seeing an increase of..
The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the country’s entry into the Eurozone. The official BGN to Euro exchange rate is fixed, with the Lev..
89% of German investors in Bulgaria would choose Bulgaria again for their investments . This is indicated by a study by the German-Bulgarian Chamber of Industry and Commerce conducted in 2024. Germany continues to be a key partner of Bulgaria in terms of..
The Bulgarian National Bank (BNB) has posted, to its website, the answers to important questions connected with the adoption of the euro and the..
89% of German investors in Bulgaria would choose Bulgaria again for their investments . This is indicated by a study by the German-Bulgarian Chamber of..
In 2024, the average gross annual salary in Bulgaria is 27,881 BGN (EUR 14,255), according to preliminary data from the National Statistical Institute...
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