The largest trade union in Bulgaria, CITUB, has called for a 10% wage rise in the budget sector from July 1, 2023, in order to compensate for projected inflation.
The president of the trade union, Plamen Dimitrov, commented that if the requirement for a 3% budget deficit was not met for one or several years, the long-term fiscal outlook for Bulgaria would not be affected. Dimitrov added that the Economic and Financial Affairs Council of the EU allowed a deviation from the Maastricht rules for a ratio of 60% debt to GDP. Bulgaria should also request a review of the 3% deficit requirement, according to him. The increased deficit does not lead to disruption of the long-term fiscal perspective, Dimitrov claims.
Translation and publication by Al. Markov
BNB Governor Dimitar Radev will sign the request for an extraordinary convergence report on the fulfillment of the criteria for eurozone membership. This is clear from his response in an interview with BTA, in which Radev announced that the Central..
A serious train crash involving a train owned by the Bulgarian company PIMK has occurred near Craiova, Romania. According to initial information, the train conductor of the private Bulgarian company, who is a Romanian citizen, died in the accident...
Sofia Airport has been officially renamed to Vasil Levski Airport at a solemn ceremony on February 19 . The ceremony was attended by Deputy Prime Minister and Minister of Transport Grozdan Karadjov, CEO of the airport operator “SOF Connect” Jesus..
A serious train crash involving a train owned by the Bulgarian company PIMK has occurred near Craiova, Romania. According to initial information, the..
The Ministry of Foreign Affairs recommends that Bulgarian citizens traveling or residing in Canada keep themelselves well-informed about the current..
On Wednesday, the lowest temperatures will range between minus 8°C and minus 3°C, for Sofia around minus 7°C . During the day, snow showers in the..
Partly Cloudy
Clear
Mostly Cloudy