“We are a guarantee of stability in the region,” caretaker Prime Minister Dimitar Glavchev states in an address to the Vienna Economic Forum - Sofia Meeting, 2024, the Bulgarian news agency BTA reports.
“We are faced with challenges which come as a consequence of the pandemic and the encapsulation of the world, of armed conflicts with a serious effect on the economy,” Dimitar Glavchev says in a written address. Bulgaria’s membership of the Organization for Economic Cooperation and Development is a priority which will ensure regional stability. Bulgaria must accelerate the process of integration of the countries of the Western Balkans in the EU. This is of prime importance for exploiting fully the potential of the bilateral agreements with our partners from the Western Balkans. The efforts should focus on building the missing infrastructure and energy connectivity, the address reads further.
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The Organisation for Economic Co-operation and Development (OECD) forecasts an acceleration in Bulgaria's economic growth from 1.8% in 2023 to 2.5% in 2024 and to 2.9% in 2025 as public investment increases along with EU funds. OECD expects inflation..
MPs have agreed to extend the 0% VAT on bread and flour, which was due to expire on June 30, until the end of 2024. Under the GERB proposal, traders will be allowed to add a maximum of 15% profit margin on bread, but the proposal is limited to the most..
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