The government approved the draft budget of Bulgaria for 2024 and the updated budget forecast for the period 2024-2026.
The draft law foresees a deficit of 3% and economic growth of 3.2%. Average annual inflation is expected to be 4.8 per cent and GDP to be EUR 102.6 billion.
Prime Minister Nikolai Denkov described the 2024 budget as "very well prepared" and "balanced" and said he felt "comfortable" that it would be adopted on time.
Investment of 10 billion euro and an 11 per cent increase in incomes, including pensions, are planned, Finance Minister Assen Vassilev said. The amount of new public debt that can be contracted has been reduced by 500 million euros to 6.3 billion euros. The budget will be submitted to Parliament for consideration next week.
There are no plans for the privatization of the Vazovski Machine-Building Plants (VMZ) in Sopot, and the information circulating in this regard is speculative, said Bulgaria’s Minister of Economy and Industry Petar Dilov at a working meeting..
In 2024, the real estate market in Bulgaria registered a significant rise, with prices increasing by around 16%, and the number of real estate transactions going up as well. Real estate prices along the Black Sea coast have continued to grow,..
The real estate market in Bulgaria has steadily been growing in the past few years. There has been talk of a price bubble, inflated to serious proportions at the time of the pandemic, though expectations that it is going to burst have come to nothing...
According to the Institute for Market Economics , today marks the so-called Tax Freedom Day , reported BNR’s correspondent Natalia Ganchovska...
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