On October 10, farmers will receive transfers totaling BGN 200 million (EUR 102 million) under the so-called "Ukrainian aid", announced caretaker Minister of Agriculture and Food Georgi Tahov. At a meeting with representatives of the agricultural sector, Minister Tahov said that there is a decision of the State Fund Agriculture to pay the amount and a notification has been sent to the European Commission for the entire amount of BGN 325 million (EUR 166 million).
Georgi Tahov and Finance Minister Lyudmila Petkova will meet with representatives of stakeholders on October 10.
Minister Tahov added that due to adverse weather conditions that have had a negative impact on agricultural production, Bulgaria requested the activation of the EU's crisis reserve, allowing affected farmers in the country to benefit from this mechanism for the first time.
The Bulgarian National Bank (BNB) has revised upwards its expectations for Bulgarian economic growth in 2025 but lowered its GDP growth forecast for 2026, it transpired from the Bank's regular quarterly Macroeconomic Forecast. In its March..
Bulgaria’s debt for 2024 amounts to BGN 48.846 billion (EUR 24 billion), or 24.1% of the country’s GDP, preliminary data from the National Statistical Institute (NSI) show. In 2023, the country's debt was BGN 42.383 billion (EUR 20.8 billion), or..
A working individual living in a one-person household needs a net monthly income of 1,521 BNG (EUR 747) to cover basic needs. A three-member household needs 2,738 BGN (EUR 1,344). The income needed to cover minimum living costs increases by..
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