“The idea of pumping money from the budget into the economy is absurd. That is only going to boost inflation. Because of the expected lower GDP growth rate, or even possible decline, we need to restrict spending but investment expenditure should remain so the functioning economy does not take a hit,” economist Krassen Stanchev, founder of the Institute for Market Economics says.
He is categorically against any increase of the minimum wage because “that is something that is decided politically, but is paid for by businesses”. Bulgaria is moving away from the Eurozone and will most likely join it in 2026-2027. One of the reasons for this is that the country is failing to address corruption, which is one of the requirements the country has to meet, Krassen Stanchev said in an interview with BGNES news agency.
There will be scattered clouds on Wednesday. The cloudiness will be more significant in the central regions of Bulgaria and in some places light rainfalls are possible. Clouds will decrease to mostly sunny weather in the afternoon...
At a briefing , We Continue the Change/Democratic Bulgaria (PP/DB), which will likely be the second political force in parliament, urged all parties and parliamentary groups to clearly state that they will never work with the Movement for Rights..
After counting 100% of the election protocols it turned out that the Velichie party has a result of 3.999% of votes with 4% required to enter the parliament. The party will contest the results of the election. This was what Ivelin Mihailov from the party..
“We are going to take part in talks with GERB, but if they intend to get Delyan Peevski in through the front door we’re out,” said MEP Ilhan Kyuchuk..
“We do not have an answer, as yet, from any political party, to the proposal for a cordon sanitaire around the Movement for Rights and Freedoms-New..
During the first 9 months of 2024, the Bulgarian National Bank has put an additional 11 million 100-Leva banknotes into circulation in the country...
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