Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Institute for Market Economics: The future administration of the country must make unpopular decisions

Petar Ganev
Photo: Borislava Borisova

Petar Ganev, senior researcher at the Institute for Market Economics announced, for the BNR, the publication of their white paper of the Bulgarian economy – Unlocking growth: the road ahead after the election.

“Concord should be sought and a budget must be adopted. We shouldn’t start another year without a budget, and such a risk does exist,” Petar Ganev said. “There should be some kind of concord around the big target of not exceeding the 3% deficit. In the mid-term the deficit should disappear. This means expenditure containment,” he said. Unpopular decisions will have to be taken, every item of expenditure must be accompanied by a budget cut in another sector but we shall not have to freeze the raising of salaries and pensions in 2025. Taxes will not be raised but there must be cuts in public administration,” Petar Ganev says.

The Eurozone is drawing closer, with a prognostic target date of 1 January, 2026, Petar Ganev believes. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Postponing the free electricity market for household consumers and how it will affect Bulgarians

The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..

published on 5/12/25 11:03 AM

Preparations for the introduction of the euro in the non-banking financial sector are at an advanced stage

The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has already taken concrete measures to adapt to the new currency, the new chairman of the Financial..

published on 5/11/25 12:25 PM

Hope or fear: How Bulgarians view the introduction of the euro

The likelihood of Bulgaria joining the eurozone on 1 January 2026 is growing by the day. The country would become the 21st EU member to adopt the single currency. The signals are coming both from the Bulgarian government, which has repeatedly stated..

published on 5/7/25 1:26 PM